Irreversible damage — the U.S. economy cannot be repaired

The mainstream media has been carefully asserting the propaganda meme that the Trump Administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline, and will likely witness severe and accelerated decline over the course of the next year.

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Legal scams

When the Federal Reserve stepped in to bail out Long Term Capital Management in September 1998, many people, myself included, predicted that the bailout of LTCM would prompt other big banks to make risky investments with the certainty that the Fed would bail them out as well. Turns out we were right, as was my prediction at the time that derivatives scam would crash the world economy and take years to unravel.

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The central banks are now ready to launch their ‘brave new world’

The latest Federal Reserve meeting at Jackson Hole, Wyoming is over and so far it would seem that the general investment world is not too happy about Janet Yellen’s statements as well as those of other Fed officials. In fact, many people are looking for some simple clarity as to what the central bank is actually planning.

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Politicians hate working people

A minimum wage law is not an employment law. It is an unemployment law. It’s the eighth plank of Communism. It is a collectivist idea that all workers are equal and should be paid the same, regardless of the task they perform. It is contrary to liberty as it prohibits two parties from entering into a mutually beneficial contract. It thereby prohibits low-skilled workers from working at all.

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Buckle up, it’s going to be a wild (corrupt) ride

According to the U.S. Census Bureau, the second quarter of 2016 marked a low point in home ownership. This is at a time when we have had amazingly low interest rates for nearly a decade now, and when stocks are trading around all-time highs. Here you see the difference between an artificial economy and a real one.

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