Now That Universal Basic Income Checks Have Started, The American People Will Go Mad If They Don’t Continue

We crossed a line that should have never been crossed when we sent “stimulus payments” directly to the American people during the very early stages of the COVID pandemic.  Even many Republicans that supported the measure acknowledged that what they were doing was pure socialism, but they defended the payments by insisting that we were in the middle of a major national emergency.  At the time, I warned that once the government started issuing such checks, the American people would always keep demanding more.  When it was announced that the latest round of “stimulus payments” would only be $600 per person, angry activists vandalized Nancy Pelosi’s house.  Of course they got Mitch McConnell’s house too.  In both cases, the vandals made it exceedingly clear that they wanted more government money. (Read More...)

America’s Slide Into Economic Oblivion Is Already Starting To Accelerate Here In 2021

Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us?  The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that better days are right around the corner.  We have just got to be willing to accept the “new normal” which includes living in “tiny homes”, snacking on worms, and never expressing any independent thoughts which diverge from official mainstream narratives.  So with that in mind, I will try to share the horrible economic news that we have been getting in the most positive light possible. (Read More...)

“655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.”

The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before.  Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months.  This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country 2020 was an unmitigated nightmare.  As I have discussed previously, one survey found that 2020 was a “personal financial disaster” for 55 percent of all Americans.  More than 110,000 restaurants shut down permanently last year, Americans filed more than 70 million claims for unemployment benefits, and tens of millions are potentially facing eviction in 2021.  But even though we are mired in the worst economic downturn since the Great Depression of the 1930s, those at the very top of the economic pyramid are laughing all the way to the bank. (Read More...)

Wow, That Was Fast…

Over the years, the big tech companies have made enormous amounts of money by monetizing discussions about politics.  But now that Twitter and Facebook have silenced President Trump and have deeply alienated large portions of their user bases, their stock prices are tumbling.  I figured that this would happen, but I didn’t anticipate that it would happen this rapidly.  To be honest, what we are witnessing is nothing short of breathtaking.  For example, at one point on Monday Twitter’s market value had fallen by five billion dollars… (Read More...)

Without Freedom Of Speech, What Is Going To Happen To America?

It is quite ironic that many of those that are always telling us that we need “diversity” in our society are also some of the strongest voices against a “diversity of viewpoints” on social media.  The founders of this nation wanted to make sure that nobody would ever take the right to freedom of speech away from us, and that is why it was enshrined in the Bill of Rights.  Unfortunately, courts have greatly eroded that right over the last several decades, and now we are facing an all-out assault on freedom of speech that is unlike anything that we have ever seen before.  And once freedom of speech is completely gone, all of our other rights will soon follow, because there will no longer be any way to defend them. (Read More...)

The Worse Things Get, The More The Stock Market Likes It

No matter how bad things become, stock prices just keep going up and up and up.  In 2020, we experienced the worst public health crisis in 100 years, the U.S. economy was plunged into the worst economic downturn since the Great Depression of the 1930s, Americans filed more than 70 million claims for unemployment benefits, and civil unrest raged in major cities all across the United States.  Meanwhile, we witnessed the greatest stock market rally in American history.  No matter what happened, nothing could seem to dampen the wild euphoria on Wall Street. (Read More...)

Experts Are Warning That The Stock Market Could Fall Dramatically If Democrats Take Control Of The Senate

The results from Georgia are going to have enormous implications for the financial markets.  If Democrats win both of the seats that are up for grabs, that will give them control of the Senate, the House of Representatives and the White House.  For the first time since the first two years of Barack Obama’s presidency, the Democrats would have an opportunity to advance their agenda without compromising with the Republicans, and that is extremely frightening for investors.  The Democrats have made it very clear that they intend to raise taxes on big corporations and the ultra-wealthy, and that wouldn’t be good for the stock market bubble at all. (Read More...)

+ More