Tag: Politics
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Trump defending Disney is proof he’s never been the right person to be President
Trump sees Florida Ron DeSantis as his main competition for the Republican nomination for President of the United States. Therefore DeSantis can do no right. Trump is like Biden in that each man has no moral center or compass driving their actions. Both will say any stupid thing they think will move people in their…
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It’s sad that this is now true… real men of women’s sports
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Government regulation of banks resulted in larger disasters
Since the creation of the modern banking regulatory apparatus the losses, as a percentage of GDP, have grown from 1% in 1913 to 7% in 2009. The safer the government tried to make banking the greater the risks people and businesses took. This resulted in larger failures and losses. “It is scarcely to be expected…that…
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Jussie Smollett re-enactment by the Osundairo brothers
Further proof of the end of Western Civilization. What the hell happened to us? It is funny, though, to watch these two knuckleheads re-enact one of the dumbest events in Chicago history.
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Safeguard your wallet… President Biden says the banking system is safe.
I would feel better if he would have never given a speech. In hindsight the collapse of SVB is simple. They were under water in government treasuries. When the Fed raised interest rates the bonds they held became worth less than the amount they could sell them. They didn’t have the liquidity to handle the…
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Inflation in reality explained
Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy.…