Will the boys and girls still in the casino after the current election gong show is over patiently wait for their next fix from a beltway governance process that is in sheer pandemonium and stalemate? We think the odds are between slim and none. As we indicated previously, if Trump is elected the fiscal process will lapse into confrontation and paralysis for an indefinite spell.And if Hillary is elected, the Republican House will become a killing field for almost anything she proposes, and most especially the rank Keynesian apostasy of outright and massive debt monetization...
The world’s leading governments have become decidedly fascist and are rapidly heading in a totalitarian direction. There are a number of facets to this development, all of them disturbing: The elimination of personal privacy, the creation of capital controls, confiscation of wealth, the conversion to electronic banking as the sole form of currency, international taxation standards and the creation of a police state.
"If one belongs to that third of the nation that pays no income taxes but receives copious benefits, why would you vote for a party that will cut taxes you don’t pay, but take away benefits you do receive?" And so they did, and so they do. But this is a game that cannot go on forever.
So the next round of experiments will probably feature bigger deficits and more aggressive public hand-outs. Which – since these have already been tried and failed – doesn’t give much hope for the future.
“We call ourselves “Generation Screwed” because governments are spending money but leaving the bills behind for the young to pay,” says Gunn. “Apathy is our biggest challenge. Many youth are so burdened with the demands of getting a start in life, they are unaware of the lousy hand they are being dealt.”
Gold buying surged to record levels in H1, 2016 due to increasing concerns about the political, economic and monetary outlook. In particular, deepening concerns about the negative interest rate money "madness" of central banks today.
As athletes from all corners of the globe compete in the Olympic spirit, news outlets forget about the country’s problems. Here’s a rundown of the five most concerning issues facing tourists, athletes, and Brazilians themselves during this year’s leading international sporting event.
Moments ago the CRFB scored Trump's adjusted proposal, and found that as a result of the revisions to his tax plan, total US debt would increase by only $2.55 trillion over a decade, nearly five times less than his original proposal, and certainly a far more realistic number to pitch to America's conservatives.
Flanked by sleepy billionaire-for-the-masses Warren Buffett, Hillary Clinton was cheered by a crowd of mooing followers in Omaha as she angrily exclaimed "...we are going to raise taxes on the middle class!”