The Swamp, exposed. Every US voter needs to see this!

A new TV series, “The Swamp” – on Facebook, of all places – purports to document the shady backroom deals that infest politics and politicians in Washington D.C.  The Federalist explains. Every grassroots political activist knows something is deeply wrong in Washington, D.C. No matter how hard we work to send good people to Congress, the majority of them go native upon arrival, forgetting their campaign rhetoric and falling in line with the political establishment. The few who retain their principles often seem sidelined and ineffective. Meanwhile, the legislative process is an unfunny joke: the Republican Congress can’t manage to

Continue reading

It sounds like President Trump brought the smackdown to Republicans in Congress

At least, that’s what DC Whispers reports. “You really want to try and win your election in November without me? I don’t think so.” UPDATE: “I’m following the law as it’s written. If you don’t like the law then Congress needs to change it. It’s simple. Simple. I’m with you but if you don’t like it you need to do something about it…It looks bad. Sure. Really bad. If you want to change that then change the law. DO SOMETHING. You people (Congress) have to change it. That’s how it has to be done.” . . . UPDATE #3: “Why

Continue reading

How China sets about global economic domination

The White House Office of Trade and Manufacturing Policy has just released a report titled “How China’s Economic Aggression Threatens the Technologies and Intellectual Property of the United States and the World” (link is to an Adobe Acrobat document in .PDF format).  It’s obviously a partisan report, given its source, but even without that, it provides enough links to verify its arguments that it’s hard to dismiss as merely a political perspective.  It makes sobering reading. Here’s how it begins. The People’s Republic of China (China) has experienced rapid economic growth to become the world’s second largest economy while modernizing

Continue reading

It’s not about the children – it’s about the state of the world

The concerted, all-out media and left-wing and progressive onslaught against the present Administration’s practice of separating newly-arrested parents from their children is nothing less than hypocrisy.  Precisely the same policy was followed by the Obama administration, and before it by the Bush administration.  It’s nothing new.  It’s simply being used as a convenient emotional rallying cry by the forces arrayed against President Trump, who are determined to remove him at any cost. However, it’s also symptomatic of an underlying reality that not only won’t go away – it’s going to get worse.  That reality is the state of the world

Continue reading

Sounds great, but there’s a catch

There was seemingly great news from the Federal Reserve today. Americans’ wealth surpassed the $100 trillion mark for the first time in early 2018, as rising home prices offset the hit to households’ assets from a stock-market swoon in the first quarter. Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose by 1% from the previous quarter, or more than a trillion dollars, to a record $100.768 trillion, according to a report released by the Federal Reserve on Thursday. There’s more at the link. Zero Hedge provided this graphic breaking

Continue reading

Not quite accurate, but a good meme nonetheless

Received via e-mail, origin unknown (clickit to biggit): Silly, perhaps, but then, so are most of the rationales advanced for gun control.  They won’t succeed in stopping criminal violence, or even in reducing it much.  Case in point:  “moped crime” in London.  Armed individuals would go a long way towards reducing that type of crime, I reckon.  Certainly, nothing else is working! Peter

Continue reading

Where housing goes, so goes the economy?

We need to be paying closer attention to what’s happening beneath the surface of the housing market.  It’s beginning to look a lot like 2007. On the surface, things look great.  We see headlines such as: Millennials Help Sustain Twin Cities Housing Market Boom Real estate CEO: Record-low housing inventory is ‘freaking us out’ Houses selling fast: ‘If you wait, boom it’s gone’ Building to a boom: Subdivisions filling in quickly as real estate market rebounds However, below the surface, there are worrying signs – and they have to do with buyers, not sellers.  Two articles in recent weeks have

Continue reading

No, Starbucks, that’s not true for anyone, not even you

I note that Starbucks, as part of its drive towards political correctness, has put out a training workbook for its staff (link is to an Adobe Acrobat document in .PDF format).  It includes this drivel (click the image for a larger view): There is no such thing as “your” truth or “other people’s” truth.  There is only TRUTH, and that word has meaning.  Here are a couple of definitions: The truth about something is all the facts about it, rather than things that are imagined or invented. Synonyms: reality, fact(s), real life, actuality.  (Collins) (1) : the body of real things,

Continue reading

The value of cash on hand is proved yet again

I’ve written before about the need to have a “cash stash” for emergencies.  As far as I’m concerned, that also means carrying with me enough cash for a day-to-day emergency like paying in cash for something I’m buying, in case the power goes out and card machines stop working.  I try to keep a couple of hundred dollars in my wallet, just in case. It looks as if that would come in very handy across Europe right now. Millions of people have been left unable to pay for goods and services in shops, petrol stations and railway stations across Britain

Continue reading

Inflation and the “burrito index”

I’ve written often enough about inflation here, most recently last month.  It’s a serious and growing threat, particularly because the government persistently and deliberately understates the actual rate of inflation, so that it doesn’t have to pay out so much in inflation-linked indices.  On that same date, I embedded the video below, in which Ed Butowski explains why he created the Chapwood Index to give a more accurate, more realistic understanding of the real rate of inflation. Now, Charles Hugh Smith (whom we’ve met in these pages before) updates his “Burrito Index” measurement of inflation. Long-time readers may recall the

Continue reading