Tag Archive: Deep State

Time to Raise the White Flag at Gualfin?

2016-05-26

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2016-05-26

  Who Cares What Voters Want? BALTIMORE, Maryland –  There were two newsworthy developments last week, neither of them really important – the first because it won’t happen, the second because it won’t matter. First, the Fed let it be known that it ha...

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How the Deep State’s Cronies Steal From You

2016-05-20

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2016-05-20

The relentless growth of Leviathan: Total Pages of Code of Federal Regulations from 10000 in 1950 to 170000 in 2014. Federal tax rules – from 400 in 1913 to 74,000 in 2012. Aggregate word count of Dodd-Frank regulations doubled.

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Pareto’s Wily Foxes

2016-05-20

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2016-05-20

  Smart Money Fleeing Stocks DUBLIN – The Dow dropped 180 points on Tuesday – or about 1%. And another clever billionaire says he is looking elsewhere for profits. Reuters:   “Activist investor Carl Icahn on Monday said there was a chance the stock m...

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Trump’s Biggest Deal

2016-05-17

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2016-05-17

A reader asks Bill Bonner "Trump is the only candidate that might have a chance to get us out of the financial and economic mess the United States is in." Is he really?

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The Fatal Conceit

2016-05-17

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2016-05-17

Bonner shows that Hayek's Fatal Conceit is valid today: central economic planning is literally impossible – there can be no centrally planned rational economy. Individual planning is distinct from central planning, in that the many individual plans pursued by self-interested individuals mesh and create a spontaneous order.

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Heretical Thoughts and Doing the Unthinkable

2016-05-13

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2016-05-13

  Heresy! NORMANDY, France – The Dow rose 222 points on Tuesday – or just over 1%. But we agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull.   Legendary former hedge fund manager Stanley Druck...

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Staying Home on Election Day

2016-05-11

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2016-05-11

  Pretenses and Conceits The markets are eerily quiet… like an angry man with something on his mind and a shotgun in his hand. We will leave them to brood… and return to the spectacle of the U.S. presidential primaries. On display are all the pretens...

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Trump and Clinton: Neither is Fit to Tell the Rest of Us What to Do

2016-05-06

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2016-05-06

  Misinformation and Delusions PARIS – Too bad about Ted Cruz. His tax plan was pretty good. A flat tax of 10% on anything over $36,000. And a 16% “business transfer tax” to replace the corporate income tax and all payroll taxes.   Ted Cruz bows out…...

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A Trump Landslide in November?

2016-05-05

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2016-05-05

  Objective Reality After spending three weeks with objective truth at the ranch, we are now forced to return to the world of myths, delusions, and claptrap. Yes, we are in Buenos Aires looking at a TV! And there they are… talking about the world of ...

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Why Janet Yellen Can Never Normalize Interest Rates

Bill Bonner explains why the Fed will normalize interest rates. With higher rates, Yellen risks corporate profits and bond defaults. With higher rates, Yellen risks not only bond defaults, but also bank defaults.

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A Tribute to the Jackass Money System

2016-04-04

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2016-04-04

  A Witless Tool of the Deep State? Finance or politics? We don’t know which is jollier. The Republican presidential primary and Fed monetary policies seem to compete for headlines. Which can be most absurd? Which can be most outrageous? Which can ge...

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Are We Becoming a Nation of Silver-Haired Crooks?

2016-03-30

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2016-03-30

  A Salutary Effect BALTIMORE – “Ike and Dick Sure to Click” was an exciting election slogan. Their Democratic opponents, Adlai Stevenson and Estes Kefauver, had their snazzy campaign jingle, too: “Adlai and Estes… They’re the Bestes.” Surely, the me...

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