Economists Arthur Laffer and Stephen Moore are predicting that the new tax bill and high state taxes will cause 800,000 people to leave California and New York over the next three years.
Despite President Donald Trump's “America First” campaign promises to rein in globalism in favor of Americanism, analysts on both sides say new reforms being pushed at the World Bank represent a “departure” from that agenda. Under the proposed agreement, which has not been made public yet, the World Bank is set to receive an infusion of new tax dollars while handing more power and influence to the regime ruling Communist China. A senior U.S. Treasury official told The New American that the “transformational reforms” were in line with Trump's vision and would protect U.S. taxpayers. But already, establishment-minded analysts are celebrating the move as a betrayal of the “America First” agenda articulated by President Trump.
After suggesting last week that the U.S. government would seek to rejoin the sovereignty-shredding Trans-Pacific Partnership (TPP), President Donald Trump took to social media on April 18 to slam the controversial “free trade” regime that he once described as the “rape of our country.” Instead, Trump is seeking a bilateral agreement with remaining Pacific-rim governments such as Japan. Grassroots conservatives celebrated the announcement. But establishment voices were less than happy about it.
Thursday's report that unemployment remains very low should be no surprise to those who understand how the capital system works, when it's allowed to.
The latest report from the Congressional Budget Office about the state of the economy isn't apocalyptic. It just points the way.
Legislation introduced in Congress recently would define the U.S. dollar as a fixed amount of gold, a move that supporters say would help stabilize the monetary system while protecting savers, workers, and investors from the ravages of inflation. If signed into law, the bill would also restrict the ability of the controversial Federal Reserve System to confiscate the American people's wealth and manipulate the economy by expanding the currency supply. President Donald Trump has publicly supported the idea of returning to a gold-backed dollar, but the prospects for the new legislation remain uncertain.
A Census Bureau report noted that by 2030, as Baby Boomers age, the size of the older population will grow such that one in every five U.S. residents will be of retirement age.
In the past few years of heavy marketing and favorable media coverage, one would expect that the electric-car market would have taken off. It hasn’t, though; it survives on government handouts.
President Trump announced that he is going to impose tariffs on imported steel and aluminum, much to the consternation of House Speaker Paul Ryan and others in the GOP.
Fed Chairman Jerome Powell addressed the House Financial Services Committee, and his hints that interest rates may gradually be increased affected the financial markets.