Whether you’re in the market or holding real estate, there’s a number out there that few people talk about. Yet it’s crucial to knowing how the economy is really doing.
It’s a number that those in power are trying to bury, with their war on cash, because it shines a bright light on economic activity free from all the distortions of the “official” numbers we’re all fed.
It’s called the velocity of money.
It describes, in a snapshot, how quickly money is circulating around the economy.
For example, Ted had $10 and he bought corn from Fred for $10. Fred then bought $10 worth of tomatoes from Ruby. She then bought $10 of sandwiches. The velocity in this instance would be three. The same $10 was “spent” three different times.
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For the past eight years, Barack Obama has been using the power of the U.S. presidency to impose his vision of a progressive world order on the entire globe. As a result, much of the planet will greatly celebrate once the Obama era officially ends on Friday. The Obama years brought us the Arab Spring, Benghazi, ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal. On the home front, we have had to deal with Obamacare, “Fast and Furious”, IRS targeting of conservative groups, Solyndra, the VA scandal, NSA spying and the worst “economic recovery” since the end of World War II. And right at the end of his presidency, Barack Obama has committed the greatest betrayal of Israel in U.S. history and has brought us dangerously close to war with Russia.
So is the end of the Obama world order worth celebrating?
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Interest in Satan and Satanism has experienced a tremendous resurgence in recent years. At one time, Satanists were generally feared and shunned by society, but now Satanism is steadily being accepted into mainstream culture. Up until recently, the Church of Satan that was founded by Anton LaVey in 1966 was the most prominent Satanic organization in the world, but now it is rapidly being overtaken by a relatively new group known as the Satanic Temple. It is headquartered in Salem, Massachusetts and was founded in 2013 to combat the influence of evangelical Christianity in politics. It has grown explosively over the past several years, and at this point the organization’s leadership claims that it has a global membership of somewhere around 100,000.
On Saturday night, the chapter of the Satanic Temple in Los Angeles held what was described as “their biggest event ever”…
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President-elect Donald Trump appears already to be working toward making good on his promise to cut the size of government. The incoming president has reportedly advised members of his team to begin compiling a plan to make significant department reductions across the federal government.
According to Trump administration insiders, various federal departments could see spending reductions of around 10 percent along with 20 percent reductions in staffing.
Trump has put together what his administration is calling “landing teams” to make recommendations for areas where the heaviest cuts are needed. The teams are, however, focusing the cuts only on areas of discretionary spending, leaving alone mandatory spending for things like Medicare and Social Security.
While Trump’s plans to cut spending from the outset of his administration are uncommon for an incoming president, it’s not believed that they will lead to a reduction in overall government spending.
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