The New York Post reported that an American student who could not find a job with their degree was forced to simply leave the country. If I were Trump, I would run on forgiving student loans at least partially and lay the blame where it all belongs – on the Clintons and their deal with the bankers.
I would make it ILLEGAL for bankers to demand a guarantee from a parent when in fact what they did was get the family home exempt from bankruptcy so they could throw families out on the street to collect their money.
It is time this crisis is dealt with. If you want to stimulate the economy, STOP handing blank checks to bankers and hope they do the right thing which will NEVER happen!!!!!!!! And while you are at it, start putting bankers in jail like any other corporate officer and make it ILLEGAL for any bail-in. Let’s really drain the swamp – stop filling it.
QUESTION: Mr. Armstrong, Elizabeth Warren’s proposal seems to lack any comprehension of the economic impact. She has said: “To put our economy — and our families — on firmer ground, it is essential to reduce household debt both by raising people’s wages and by bringing down their costs. That is the heart of her economic agenda. We can raise incomes by increasing the minimum wage to $15 an hour, strengthening unions, ensuring that women of color get the wages they deserve, and empowering workers to elect at least 40% of board members at big American corporations.” Correct me if I am wrong, but hasn’t this QE been all about getting people to borrow and spend more? Then she wants unions to run the corporations. When that was the case before everything declined as you pointed out New York was once a major port but unions destroyed that. What is your opinion of these proposals?
JG
ANSWER: They are counterproductive. All we hear is raise wages. Why not cut taxes and increase disposable income? The minimum wage has to be reviewed for what it is. Raise it and you will destroy the entry-level jobs that kids fill to get started in life. How about we divide it and make it a “student” or “entry-level” job versus a mature minimum wage? Raise it to $15 and there go the entry-level jobs. There should be two minimum wages – entry level v position. Raise it to $15 and you no longer need a person to take your order. A machine can do it. Entry level jobs are being wiped out because of BENEFITS required so replace a simple job with a machine. The problem is not the wage by itself. The problem is all the regulation with respect to benefits and healthcare. Even the US Post Office hires part-time to avoid benefits.
You are correct that QE and negative interest rates were to force people to borrow and spend. Warren is of course on board with these proposals. What she should look at is restoring usury laws that interest rates on credit cards should be no more than 2x the wholesale bank rate. The poor are hit with high rates. There are homeless people living in old motels paying $50-$75 a day because they have no credit and cannot afford a down-payment for an apartment. They are being exploited by the current system and if we raise the minimum wage we will encourage technology to replace workers. How about we eliminate payroll taxes below $31,200 ($15 an hour) and no benefit requirements. They are either on their parents healthcare thanks to Obamacare up to 26, or they should be on medicaid and that will provide the “healthcare for all” promises.
As far as workers directing boards by 40%, well that is just stupid. If they want a say — buy the stock. This is all about OWNERSHIP, not union labor. Why would people buy stock if the workers make the decisions which will be in their own self-interest? If you say workers get a favored position in buying stock and therefore have a vested interest in the company doing well, then the workers and investors will be on the same side of the table.
This is what politics has come down to. Vote for me and I will create insane laws for you against everyone else.
ANSWER: For whatever reason, these people have been promoting that the cities will all sink and we are the cause of it all. They have been touting this scenario since the 1930s when there was the Dust Bowl. It resurfaced after World War II when they were trying to stop rebuilding industry and the housing market which had been destroyed. The same argument appeared again in the 1960s when there was a great expansion in housing.
However, during the 1970s when things got colder, everything flipped upside down and then it was global cooling that would destroy civilization. On April 28, 1975, Newsweek magazine published an article in which they sounded the alarm bell and proposed solutions to deliberately melt the ice caps:
“Climatologists are pessimistic that political leaders will take any positive action to compensate for the climatic change, or even to allay its effects. They concede that some of the more spectacular solutions proposed, such as melting the arctic ice cap by covering it with black soot or diverting arctic rivers, might create problems far greater than those they solve. But the scientists see few signs that government leaders anywhere are even prepared to take the simple measures of stockpiling food or of introducing variables of climate uncertainty into economic projections of future food supplies.”
Then TIME magazine’s January 31, 1977 edition had the cover story featuring “The Big Freeze.” They reported that scientists were predicting that Earth’s average temperature could drop by 20 degrees fahrenheit. Their cited cause was, of course, that humans created global cooling. It just seems that humans are so powerful we can alter the universe but cannot manage to create corrupt-free governments.
The difference this time is they have been able to get governments interested on the basis that they can stop it by raising taxes. Canada imposed a $1,000 tax per home to stop global warming. Perhaps the theory is if the politicians get more money they will speak less and reduce the hot air they spout out by yelling the end is near.
I see this as a derivative of the Populationists theory which was instituted by Thomas Robert Malthus (1766-1834). It was Malthus who first published his “Essay on thePrinciple of Population as it Affects the Future Improvement of Society” in 1798. He published it anonymously, afraid to put his name on it, but he was soon discovered to be the author. Malthus argued that the resources of production would be exceeded by the population leading to real misery.
Malthus’ theory proved to be completely wrong because he too failed to comprehend that there are cycles to everything. He never considered the cycle in technology and how farming has improved from ancient times up to his own time during the 18th century. Of course, food production has more than kept pace with population growth and even the population goes through cycles. Currently, birth rates have been declining. Then there are diseases and plagues that visit our societies, not to mention war, which all combines to thin the herd so to speak.
The climate has ALWAYS moved cyclically. Anyone who dares to argue that climate change is NOTcaused by humans is ridiculed because this is a political issue being used to raise taxes and to regulate human activity by removing ever-greater proportions of our human rights and freedom. Those who attack anyone who denies human-induced climate change are either brainwashed or have a self-interest in the entire scam
If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.
According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st. Then ignore it. That was easy.
(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Ycreported late on Sunday.
Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.
A plan under consideration would see Johnson sending a letter alongside the request to extend Article 50 setting out that the government does not want any delay after Oct. 31, according to the report. (read more)
“Boris, he’s a cheeky one”….
The prior remarks by President Trump (last week) now take on a new context:
Q Have you been following the situation in London with Boris Johnson and the Brexit vote?
THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.
And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay. (link)
The South China Morning Post has an interesting article highlighting that July’s export results from China were likely skewed as U.S. companies proactively made purchases to take advantage of Beijing’s currency devaluation in combination with filling inventory ahead of the U.S. holiday needs.
Additionally, August export results from China show an actual drop in exports, falling 16 percent year-over-year from decreased U.S. orders:
SCMP – China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy.
Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs.
July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of Chinese goods that took effect on September 1. American buyers of Chinese goods subject to the new tariffs were likely to have filled their inventories as much as possible before the goods became more expensive to import.
Furthermore, the much-reported 3.8 per cent depreciation of the yuan in August failed to stop the decline in exports – despite Washington’s fears that it was being used to give China’s exporters an unfair advantage. (read more)
[…] Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.
Exports to Europe, South Korea, Australia, and Southeast Asia also worsened on an annual basis, compared with July, while shipments to Japan and Taiwan posted slightly better growth than the previous month.
Sunday’s data also showed China’s imports shrank for the fourth consecutive month since April. Imports dropped 5.6% on-year in August, slightly less than an expected 6.0% fall and unchanged from July’s 5.6% decline. (read more)
.@TheLastRefuge2 There’s that word ‘Unexpectedly’
China’s exports fall unexpectedly in August, as trade war continues to slam industrial economy https://www.scmp.com/economy/china-economy/article/3026211/china-export-fall-unexpectedly-august-trade-war-continues …
House Judiciary Committee Chairman Jerry Nadler has announced his intent to proceed with a formal impeachment investigation of President Trump. Ranking member of the committee, Doug Collins, appears on Fox News to discuss the Nadler plan.
Additionally, Rep Collins discusses the return of the legislative branch from their summer recess and the possibilities for the legislative calendar.
It is a metaphor often used to say President Trump’s tweets and media messages are akin to watching a cat chase a red dot controlled by POTUS…. Apparently President Trump also thought it was funny:
Representative John Ratcliffe was/is a key member of the House who has investigated the details of the DOJ and FBI intelligence abuse during the 2016 election. Factually, Ratcliffe is one of only a few high-clearance House members who had seen all of the unredacted and classified documents associated with the DOJ and FBI activity.
Representative Ratcliffe appears for a discussion with Maria Bartiromo and states his confidence that former FBI Deputy Director Andrew McCabe will be indicted for lying to internal investigators. Additionally, and perhaps more interestingly, Ratcliffe outlines how SSCI Chairman Richard Burr working together with Majority leader Mitch McConnell, blocked his nomination to the Office of Director of National Intelligence.
There are always a few interviews and discussion per month that are more important than the general DC banter. This is one of those insightful interviews:
Long before most realized how specifically rigged and corrupt the current political system is, CTH was sharing research -very specific examples- highlighting the origin of the most consequential corruption. Thankfully the election of Donald Trump helped to open many more eyes. People now see what years of ‘Last Refuge‘ discussions were all about.
Years of research indicated the Senate Select Committee on Intelligence (SSCI) was always the epicenter of the DC swamp; where an over-powerful and extra-constitutional group of UniParty senate power brokers gather ‘black files‘ on politicians, lobbyists and government officials for use in leveraging votes, support and changes in behavior for various corporate interests. This intelligence exploitation is worth BILLIONS.
The potential for John Ratcliffe as ODNI to disrupt those long-constructed exploitation(s) of the intelligence apparatus [writ large] is exactly why he was kept out.
The issues are not partisan. There are NO Party alignments in the power structure. The total U.S. Senate chamber is a completely corrupt political entity. It’s not an issue of Democrats or Republicans; within the senate corrupt models there is no party split. The driving force is power… the purpose of the chamber membership is wealth accumulation.
Candidates for Senate spend tens-of-millions on campaigns to get seats that pay $300k/year. On its face it doesn’t make sense…. until you recognize the billions that are paid, earned and distributed on the backside of political construction. Six year terms, means you can sell a lot of influence…. It is a system intentionally designed to do exactly what it is doing.
The Senate then has assignments, groups of individuals that are in place specifically to protect the internal business model of scheme and graft within the Senate. The Judiciary Committee (Graham), and the Intelligence Committee (Burr), are like the law and order mechanisms that protect Senate members from external accountability. A code of Omerta exists over the entire network. Some call this network “The Deep State”.
It doesn’t matter whether the McConnell flag or the Schumer flag adorns the spire; they each protect the entirety of the membership. Every conflict is constructed as a pantomime to stop people from recognizing the UniParty. Watch the outcomes, they’re identical.
The Senate uses intelligence ‘black files’ to corrupt new additions to the network; and they carry out independent intelligence operations designed to generate senate power over all other institutions of government. The senate is far more powerful than the DOJ or FBI… this is primarily how the Senate chamber retains power.
This is why anytime you see a Senator encounter a DOJ/FBI issue; there’s rarely any time when the DOJ or FBI can win the legal confrontation. The Senate is just too powerful as an institution…. Yes, even more powerful than the office of the President.
….The problem for Attorney General Bill Barr is not investigating what we don’t know, but rather navigating through what ‘We The People’ are already aware of…. (more)
White House Director of Trade and Manufacturing Policy Peter Navarro appears on Fox News to discuss the current status of the U.S-China trade discussions and the USMCA.
Ms. Bartiromo points out how U.S. multinationals are holding back further investment in Asia due to ongoing President Trump tariffs. Mr. Navarro points out there is no uncertainty if U.S. companies would invest in Main Street USA.
However, the Wall Street multinationals do not want to give up on their Asian investments and bring U.S. manufacturing jobs back to North America. Hence the conflict between Wall Street/The Big Club and Main Street/President Trump.
.
As Navarro noted, the narrative about October talks between the U.S. and China are driven by the collaborative financial interests of Beijing and Wall Street multinationals in an effort to create the image of something that doesn’t exist. Prepare accordingly.
Secretary of State Mike Pompeo appears on Fox News for an interview with swamp gatekeeper Chris Wallace. Geopolitical topics include the cancelled Taliban negotiations; the ongoing nuclear ambitions of Iran; and Pompeo’s political career.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Then TIME magazine’s January 31, 1977 edition had the cover story featuring “The Big Freeze.” They reported that scientists were predicting that Earth’s average temperature could drop by 20 degrees fahrenheit. Their cited cause was, of course, that humans created global cooling. It just seems that humans are so powerful we can alter the universe but cannot manage to create corrupt-free governments.
Centinel2012 