The ripple effect of business investment in the United States, thanks to the friendly face in the White House, is likely to accelerate.
Facing its best chance of passage ever under the new GOP-controlled Congress and the incoming Trump administration, wildly popular legislation to open up the Federal Reserve's books, known as “Audit the Fed,” was just re-introduced in the 115th Congress. The bill, sponsored by dozens of lawmakers in the House and the Senate the day it was re-introduced, would force the obsessively secretive and increasingly controversial central bank to submit to a full government audit. But the Fed and its apologists do not plan to allow a real audit without a tough fight.
Reality has yet to set in among those professionals managing billions in pension plans across the land, as they set target rates of return on investments far above what they will likely make.
It’s official: McDonald’s says that every one of its 14,000 stores nationwide will be replacing cashiers with automated touch-screen kiosks.
As part of the globalist establishment's ongoing push to create a totalitarian “cashless society” where every transaction can be tracked and controlled, Indian authorities last week suddenly demonetized the two largest denomination bills in circulation. In Sweden, where government already tracks and monitors almost everything, central bankers are plotting the creation of a “digital currency” that could be completely controlled — along with those who use it — by authorities. And in Australia, establishment-minded mega-banks are plotting with politicians to force everyone into a United Nations-backed “cashless society” where banks and government have total control over the population. In each case, different excuses have been used. But taken together, it is obvious that something major is going on, worldwide. Liberty and privacy are literally at stake.
The Cost of Living Adjustment (COLA) announcement to be made next week has stirred offerings of how to "fix" Social Security.
On September 19, 2016, at Rice University’s Baker Institute for Public Policy in Houston, James A. Baker III, former chief of staff to President Ronald Reagan and later secretary of state and of treasury, introduced U.S. Trade Representative Michael Froman, who then gave a speech promoting one of the new “free trade” agreements called the Trans-Pacific Partnership (TPP). According to both men, our country can only make one realistically constructive choice: U.S. adoption of, and accession to, the TPP.
Taking aim at the Federal Reserve's politically motivated manipulation of the U.S. economy, GOP presidential candidate Donald Trump blasted the central bank's artificially low interest rates. He also denounced the “very false economy” propped up by Fed monetary gimmicks. Democrat nominee Hillary Clinton, though, hit back immediately, saying Trump should not malign or even comment on the increasingly unpopular institution that controls America's monetary system.
Although supply-side economics produced two of the longest expansions in U.S. history, the current reliance on Keynesian economic principles — including the potential for negative interest rates — is being allowed to damage the economy.