Sunday, September 23, 2018

This is What Russia is Really Like

American mainstream media in cahoots with other wings of the Deep State work hard to project the image of Russia as being a dark and oppressive country, just like it was during the period of communist rule. But that is far from the case. It has changed and continues to change dramatically.

Yes, they have Uber!

Here is a view of the Moscow skyline that you will never see shown by mainstream media:


Here is a video of downtown:



Here is a clip of St Petersburg with a Russian girl who first shows an apartment she is renting to tourists :



-RW  

Saturday, September 22, 2018

The Living Reality of Military-Economic Fascism



By Robert Higgs

"The business of buying weapons that takes place in the Pentagon is a corrupt business — ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do not want it changed." – Colonel James G. Burton (1993, 232)
In countries such as the United States, whose economies are commonly, though inaccurately, described as "capitalist" or "free-market," war and preparation for war systematically corrupt both

Bernie Sanders Launches Crazed Congressional Attack Against Jeff Bezos With “Stop BEZOS” Act


By Robert Wenzel

Senator Bernie Sanders (I-Vt) has introduced legislation in the Senate which if passed into law would tax giant corporations such as Amazon and Walmart 100% of

Friday, September 21, 2018

Welcome to Silicon Valley: Drone Startup Burns Through $118 Million, Shuts Down



By Robert Wenzel

There are some very smart people in Silicon Valley venture capital but also a lot of clowns. Think the bell curve.

Airware, a San Francisco-based, startup in the drone sector has shut down after blowing through

This is What Happened When Tariffs Were Imposed in 1930




Dr. Benjamin M. Anderson [chief economist at Chase National Bank 1920-39], wrote in Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-1946 :
[T]here came another folly of government intervention in 1930 transcending all the rest in significance. In a world staggering under a load of international debt which could be

Has the Federal Reserve Joined the Deep State in an Attack Against Trump?


Federal Reserve Bank Chairman Jay Powell

By Robert Wenzel

This is simply stunning.  Federal Reserve Bank Chairman Jay Powell has met or called members of Congress 48 times in his first six months in office, according to a report from Bloomberg News. By contrast, his predecessor, Janet Yellen, who is a shrewd networker, had just

Thursday, September 20, 2018

The Man Who Killed Galloping Price Inflation in the US is Coming Out With a Book


Paul Volcker is publishing his memoir, Keeping At It: The Quest for Sound Money and Good Government

Volcker was Chairman of the Federal Reserve from August 1979 to August 1987.

He single-handedly halted the high levels of price inflation seen in the

Murray Rothbard: Even if we all became New Socialist Men, Socialism would still not work

This is an important point by Murray Rothbard.

Many socialists believe all that is needed is for socialism to thrive is for a "socialist man" to emerge who is willing to work for the greater good, but there is a much bigger problem: the economic calculation problem, that is, central planning is dysfunctional in determining what should be produced even when workers are willing to follow the orders of the central planners.



-RW  

Trump Nominates Another Swamp Creature to the Fed

Nellie Liang
President Donald Trump has announced that he intends to nominate Nellie Liang to an open seat on the Federal Reserve Board.

 Liang is total establishment, spending

Wednesday, September 19, 2018

Warning to 401K Account Holders



By Robert Wenzel

President Trump recently signed an executive order to make it easier for small employers to offer 401(k)s through multiple-employer plans.

But here's the thing.

Why Do So Many Affordable-Housing Advocates Reject the Law of Supply and Demand?



By Roderick M. Hills Jr.

Housing prices are famously out of control in many cities — the average studio apartment in San Francisco goes for nearly $2,500 a month, more than $2,900 in Manhattan. This trend has inspired a movement called “YIMBY,” for “Yes in My Back Yard.”

YIMBYs push for reductions on zoning restrictions to increase the supply of housing, reasoning that

CONFIRMED Trump Wanted to Raise the Top Personal Tax Rate to Over 44%



Here's another serious problem for libertarian Trump fanboys.

Trump's former top economic adviser, Gary Cohn, confirms Bob Woodward reporting that

Why and How We Have Reached Peak Trump


By David Stockman.
The history books will record, ironically, that the Donald peaked in September 2018.
Obviously, that was the 10th anniversary of the Lehman financial meltdown. But the original event and its current commemoration actually book-end why Trump came out of nowhere, sojourned briefly in the Oval Office, and then fell victim to an even greater crisis that will end in