Boom and bust is more a result of government-caused inflation than any action taken in the free market.
The Texas Bullion Depository, a gold-backed bank that would allow depositors to store precious metals and bypass the Federal Reserve System, opened in Austin on July 13.
Just one month after Seattle voted unanimously to pass a head tax on businesses such as Starbucks and Amazon, the City Council repealed it by a vote of 7-2, noting that the head tax (not surprisingly) hurts businesses.
The United States has asked OPEC producers to increase oil production by about one million barrels a day after Trump complained about “artificially very high” oil prices.
Forty-six percent of Bay Area residents surveyed said they are likely to move out of the area in the next few years, and 61 percent of those plan to leave California.
Financial expert John Mauldin believes that actions the Federal Reserve will likely take to deal with inflation from government overspending will soon cause a massive recession. by Bob Adelmann
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.