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China, Russia and South Korea Make Moves Away from Dollar

weak-dollar

BRICS (Brazil, Russia, India, China, S. Africa) is the acronym signifying the next generation of economic power houses. Increasingly, these, and nations like them are working to diminish the U.S. Dollar as the World’s reserve currency. This week, China and Russia took more steps towards that goal. China’s central bank has authorised the Bank of Communications, the country’s fifth largest lender, ...

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Even Democrats realize Cap and Trade = economic disaster

CA dems re-think cap and trade

For years, economists have been saying that cap-and-trade would be an economy killer. Now, a group of California Democrats has come to the same conclusion in a letter to the head of California’s air resources board. The 16 Democrats have requested a delay or change to the rules that would put gasoline under the same cap-and-trade rules as power stations have been ...

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Obama Illegally Shutting Down Businesses with Operation Choke Point

5. obama-tyranny-irs

In a free-market capitalistic system, the economy grows as companies compete freely for consumer dollars by producing superior products and services, adding jobs while their bottom-line grows. In such a system the government plays a role as referee by protecting consumers and ensuring all corporate players compete legally, and fairly. But in a crony-capitalistic system, the government does more than ...

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Q1 GDP Down 2.9%: Admin says – meh

Today we learned that the Gross Domestic Product of the United States decreased by 2.9% in the first three months of 2014 – a number greatly different than dismal .1% increase the administration reported initially. How could this be? According to the Huffington Post Obamacare had just saved the economy from contraction.. or something. As the U.S. economy teetered on ...

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The Economy: National Review and de Rugy promote suicidal “free trade” policies, attack Ex-Im

Last month, the National Review’s pseudoconservative editors (who, BTW, supported John McCain for reelection in 2010) and NRO blogger Veronique de Rugy (a scholar at the GMU’s Mercatus Center) launched another idiotic, ignorant attack on the Export-Import Bank and on the Boeing company (one of the Bank’s beneficiaries). Why the Ex-Im Bank is needed, and why “free trade” policies like ...

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Federal Debt and A Bad Law (FATCA) May Collapse the Dollar

weak-dollar

All of us have experienced the merciless effects of the “law of unintended consequences” at one time or another. We do something that we think is good or proactive, only to discover that there are negative effects produced as byproducts of our good intent. The creation of an unanticipated pejorative result from purposeful action is classified as an unintended consequence, ...

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Conservatism Contrasted with Obama’s Policy Failures

Obama failures

Conservatives have, from the beginning of his candidacy for the presidency seven years ago, been critical of our sitting president. It has nothing to do, contrary to some sophist’s convictions, with the color of his skin. And our criticisms are not ad hominem for they aren’t against him personally, but against his policies and what he’s doing to “fundamentally transform ...

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What today’s economic news tells us about the ‘recovery’

Wal-mart misses on sales and earnings

Listening to the President, his administration, some in Congress and several news reports, many would say the economy is recovering slowly but gaining traction. Seeing the economic data released today may reveal a somewhat more real reality. The unemployment figures released this morning seem promising, but only in a vacuum. Claims dropped 24,000 to a seasonally-adjusted 297,000 for May. What the ...

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How Britain Achieved – And Lost – Economic Preeminence – And Lessons For The US

In the mid-19th century, and in the first few decades afterwards, Britain was an unmatched military, economic, colonial, and thus geopolitical colossus, by far the most powerful country in the world. There was no country that was even close to matching the military or economic power of Britain, which had the largest empire in the world, spanning all continents. So ...

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Whose party platform is it?

Today is May 1st, also called the “International Workers’ Day”, a communist feast par excellence, celebrated by communists and socialists, indeed by Leftists of all stripes, around the world. So I would like to ask you, Dear Readers, if you can recognize which socialist party had the following platform? Whose party platform is it? (No looking it up in Google!) ...

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Stop Maligning the Export-Import Bank. America Needs It.

Recently, pseudoconservative Sen. Mike Lee (R-UT) and a few of his Congressional chums, along with the neoconservative Heritage Foundation, have resumed their utterly misguided and dishonest propaganda campaign against the Export-Import Bank, maligning it with a litany of lies. Furthermore, because the Bank’s 2-year operating authorization is set to expire soon, Lee and his fellow pseudoconservative Congressional pals seek to ...

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Rand Paul is the one distorting Reagan’s foreign policy

  Ronald Reagan was such a successful President – especially in the foreign policy realm – that virtually all Republicans today want to project themselves as the next Reagan and claim that their foreign policy is the same as Reagan’s in order to woo national security oriented voters. One such politician is Sen. Rand Paul (R-KY). Because his principal rival ...

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The Good and Bad News About The FY2015 Defense Budget

This week, the DOD formally submitted to Congress its proposal of the FY2015 defense budget. The base defense budget would amount to $496 bn, and there would be a roughly $80 bn war supplemental for the final year of the Afghan war, thus bringing the total to around $580 bn, i.e. less than 4% of America’s GDP. In a few ...

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What Western powers should do in response to Russia’s aggression

  The Russian aggression against Ukraine, initiated by President Vladimir Putin, has surprised many but not me, and should have surprised no one. It is simply an inevitable consequence of the West, and especially America’s, shameless appeasement policy towards Russia combined with a long-running policy of unilateral disarmament (while Russia, under Vladimir Putin, has been arming to the teeth). For ...

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Apple’s Stock drops on underperforming iPhone Sales

Apple stock drops

Apple announced earnings today and it wasn’t what analysts had expected to hear – the tech giant missed expectations and gave lower future guidance. Apple sold 51 million iPhones during the last quarter vs. analysts expectations of 55 million units. The company also announced that it expects to bring in $42-44 billion in revenues. Analysts had expected more than $46 ...

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