Dear Jamie Dimon: Predict the Crash that Takes Down Your Produces-Nothing, Parasitic Bank and We’ll Listen to your Bitcoin “Prediction”

This is the begging-for-the-overthrow-of-a-corrupt-status-quo economy we have thanks to the Federal Reserve giving the J. P. Morgans and Jamie Dimons of the world the means to skim and scam the bottom 95%. Dear Jamie Dimon: quick quiz: which words/phrases are associated with you and your employer, J. P. Morgan? Looting, pillage, rapacious, exploitive, only saved from collapse by massive intervention by the Federal Reserve, the source of rising wealth inequality, crony capitalism, privatized profits-socialized losses, low interest rates = gift from savers to banks, bloviating overpaid C. E. O., propaganda favoring the financial elite, tool of the top .01%, destroyer of democracy, financial fraud goes unpunished, free money for financiers, debt-serfdom, produces nothing of value to society or the bottom 99.5%. Jamie, if you answered “all of them,” you’re correct. The only reason you have a soapbox from which you can bloviate is the central bank (Federal Reserve) saved you and your neofeudal looting machine (bank) from well-deserved oblivion in 2008-09, and the unprecedented, co-ordinated campaign by global central banks to buy trillions of dollars of bonds and stocks.

This post was published at Charles Hugh Smith on WEDNESDAY, SEPTEMBER 13, 2017.

Podesta Group Subpoenaed By Special Counsel Mueller In Russia Probe

Just over a year ago we wrote about Paul Manafort resigning from the Trump campaign amid outrage over his consulting firm’s ties to a lobbying campaign designed to sway American public opinion in favor of the Ukraine’s pro-Russsian government (see: FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties).
The top political news on Friday was the unexpected resignation of Trump campaign chairman, Paul Manafort, which was the result of emerging revelations that his political consulting firm, DMP International, had orchestrated a covert Washington lobbying operation in the period 2012-2014 on behalf of Ukraine’s then ruling political party, attempting to sway American public opinion in favor of the country’s pro-Russian government (which was overthrown in a CIA-orchestrated coup in early 2014).
As the AP reported yesterday, the lobbying included attempts to gain positive press coverage of Ukrainian officials in The New York Times, The Wall Street Journal and The Associated Press. Another goal: undercutting American public sympathy for the imprisoned rival of Ukraine’s then-president. At the time, European and American leaders were pressuring Ukraine to free her. Furthermore, under the U. S. Foreign Agents Registration Act (or FARA), US entities who lobby on behalf of foreign political leaders or political parties must provide detailed reports about their actions to the Justice Department.
Now, fast forward one year and it seems as though an honest attempt to destroy Trump’s campaign may ensnare another rather unlikely victim, namely The Podesta Group. As our readers are undoubtedly aware by now, The Podesta Group (PG) was co-founded by Hillary Clinton’s former campaign chairman, John Podesta, and is still run by his brother, Tony Podesta. Now, according The Daily Caller, PG, one of six lobbying firms that worked on Manafort’s campaign to get Ukraine into the European Union between 2012 to 2014, finds itself directly in the crosshairs of Special Counsel Mueller’s Russia probe.

This post was published at Zero Hedge on Aug 28, 2017.

Entire San Francisco Police Force Will Work The Patriot Prayer Rally

San Francisco city leaders are terrified of violence at a Patriot Prayer Rally. They have dubbed it a ‘rally by a far-right group’ and on Saturday, the city will bring in the entire police force work that day.
When a group that claims its intention is to promote peace, love and unity applies for government permission (a permit) to hold a prayer rally (free speech) in a national park, Democrats like Nancy Pelosi declare them ‘white supremacists’ and a ‘hate group.’ In fact, that was the first reaction after the city approved the permit for the Patriot Prayer Rally in the park. The second response? The city of San Fransisco is rallying their entire police force to make sure those who participate in the prayer rally stay in line.
Patriot Prayer bills itself as a peaceful First Amendment advocacy group that appears in locations where there have been past confrontations over free speech. For example, Patriot Prayer organized the Evergreen State College protest outside Seattle where Gibson was pepper sprayed by counter-protesters. According to their Facebook page, Patriot Prayer is also dedicated to fighting government corruption. Now it makes sense that they’ve been labeled as ‘extremists’ by the left.

This post was published at shtfplan on August 24th, 2017.

Wages, Productivity, and Inequality

“Inequality is a euphemism, a kind of shorthand, for all of the things that have gone to make the lives of the rich so much more delicious, year on year, for the last three decades. And also for the things that have made the lives of working people so wretched and so precarious in that same time.
This word inequality. It’s visible in the ever rising costs of healthcare and college, in the coronation of Wall Street, and the slow blighting of wherever it is that you happen to live. And you catch a glimpse of inequality every time you hear about someone that had to declare bankruptcy because a child got sick, or you read about the lobbying industry that drives Washington DC, or the new political requirement, the new constitutional requirement that every presidential candidate has to be a billionaire’s favorite, or a billionaire themselves.
Inequality is about the way in which speculators, and even criminals, get a helping hand from Uncle Sam, while the Vietnam Vet down the street from you loses his house. Inequality is the reason that some people find such incredible significance in the ceiling height of an entrance foyer, or the hop content of a beer, while other people will never believe in anything again.”
Thomas Frank
“People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich.”
John Kenneth Galbraith

This post was published at Jesses Crossroads Cafe on 24 APRIL 2017.

Germany Building Free Housing for Refugees worth 3 million

In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them. The German politicians are now giving them apartments they are constructing that cost about 3 million each. The construction costs actually come out to about 1600 per square meter and since each apartment is about 470 square meters, the cost to build one apartment is more than 3 million. It is stunning that Merkel was so fearful of inflation that she would not yield to Greece and saw fit to impoverish the people to pay for the political corruption of their politicians. Yet building dwellings for refugees without language and job skills that cost 3 million each is some how not inflationary.

This post was published at Armstrong Economics on Apr 15, 2017.

Is The U.S. Forcing Egypt Toward A Russian Alliance?

Submitted by James Durso
‘The lion is back in his den!’
Hosni Mubarak, former President of Egypt, walked free last week after six years in detention on charges of murder and corruption. What does the U. S. have to show for it? Nothing.
In January 2011, Egyptian activists planned protests against corruption, lack of economic growth, and the heavy-handed police tactics of the recent years. The protests were scheduled for 25 January in Cairo and across Egypt. A broad swath of Egyptian activist groups participated, including the Islamists. The protests quickly escalated and became increasingly violent to the extent that the police were replaced by the military. At the end of two weeks, Mubarak had dissolved his government, appointed an interim leader, and announced he would not seek re-election in the September 2011 elections.
In early February 2011, on the same day that Vice President, and former intelligence chief, Omar Suleiman announced that Mubarak would resign as President, the Supreme Council of the Armed Forces suspended the constitution and dissolved both houses of Parliament for six months until elections could be held. In May 2011, Mubarak was charged with the murder of protesters and ordered to stand trial. The elections of June 2012 handed power to the only organized opposition group, the Muslim Brotherhood and its leader, Mohammed Morsi, who promptly tried to install an Islamist constitution and grant himself broader power than had Mubarak. The secular opposition was upset that the Islamist opposition they helped usher into power would be so… Islamist. More violent protests ensued. The whole sorry mess came to an end in July 2013, when the military seized power and Morsi’s hand-picked minister of defense, General Abdel Fattah El-Sisi, became Egypt’s leader and was elected President in May 2014 with a Chicago-like 93 percent of the vote.

This post was published at Zero Hedge on Apr 4, 2017.

Kremlin Rejects US, EU Call To Free Detained Protesters As Court Fines Opposition Leader Navalny

One day after snap protests against corruption and Russia PM Medvedev broke out across numerous Russian cities, leading to the detention of hundreds of protesters as well as opposition leader Aleksey Navalny, the Russian opposition activist was found guilty of staging an unsanctioned rally, and will be fined 20,000 rubles (US$350) for his role in organizing what the authorities said was an illegal protest in Moscow on Sunday.
The Russian protests, estimated to be the biggest since a wave of anti-Kremlin demonstrations in 2011/2012, come a year before a presidential election that Vladimir Putin is expected to contest, running for what would be a fourth term.

This post was published at Zero Hedge on Mar 27, 2017.

Watch Live: Navalny Arrested As Opposition Protests Sweep Russia

In a day of anti-corruption protests across Russia, thousands of people crowded into Moscow’s Pushkin Square on Sunday for an unsanctioned protest against the Russian government, part of a wave of demonstrations taking place throughout the country. For the Moscow demonstration, around 8,000 people took to the streets according to police. As the rally continued, police used loudspeakers to call on the protesters to disperse. A number of people were detained for disorderly conduct, among whom was the prominent leader of the anti-Putin opposition.
Alexei Navalny, the anti-corruption campaigner who is leading the opposition to President Vladimir Putin, was arrested while walking from a nearby subway station to the demonstration, according to Associated Press journalists at the scene.

This post was published at Zero Hedge on Mar 26, 2017.

All Washington blames Putin and calls for investigations of Russian villainy: John Batchelor interviews Stephen F. Cohen

The character of events from week to week, and as discussed by both Batchelor and Cohen, is manifestly worsening. While the proxy wars are stabilizing to some little extent, we see the political wars in governments as fall out of the New Cold War in a constant state of escalation. Cohen notes a New York Times piece by Charles Blow that coined a name for what is happening as an ‘Era of Suspicion’ and the author considered this a positive thing for the country – where all the interest groups are being forced by the hate and fear campaign to align with the anti-Russian narrative whether it serves their interests or not. This past week Batchelor brings up the news about the Estonian Ambassador, Eerik Marmei and the Ukrainian Minister of Foreign Affairs, Pavlo Klimkin who spoke to a Senate subcommittee about Russia disrupting elections in Europe, and the danger of cyber warfare by Russia. Also mentioned were the Trump charges that Obama had his Trump Tower ‘bugged’. Cohen then launched into what the consequences of this new ‘Era of Suspicion’ and the professor describes how the pressure to conform has influenced all the politicos (Flynn debacle) and the masters of industry in the United States, who want to have business dealings with Russia, into remaining cautiously silent. These and other efforts are being used to isolate Trump and neuter or redirect any chance of dtente or even honest discussion of serious geopolitical events. It is working too – with Republicans also becoming divided. Some Republicans are looking at Vice President Pence for the president’s position.
Cohen also discusses the role of ‘expert consultants on Russia’ in the media and their efforts to vilify Putin and the Kremlin. All interviews using these people are factually untrue. The most egregious of these, for example, maintained that Putin was ‘deliriously happy that Washington was in complete chaos over Russian policies’. Batchelor exclaims that this is ‘complete rubbish’. It was also Batchelor’s opinion that it was serious that Trump did not mention Russia in his address to Congress. What this indicates is that dtente is getting much less likely. Cohen also mentions the resurrection of McCarthyism with a Committee of Un-American Activity being formed and concludes that disorder is the contrived tenure of modern Western diplomacy. In my opinion Trump has to decide whether folding to the will of his opposition will stop this campaign to remove him or will it show weakness that will lead to escalation. His reticence to talk about Russia may be testing the waters, or be showing weakness. Senator Graham, who talked with the president, seems to think the latter and the US will ‘push back’ against Russia. I think Trump is folding too.
The push back will see more support for NATO and perhaps more military help for Ukraine. Cohen discusses the quasi NATO presence now in Ukraine, and he also brings up a potential increase in US troop presence in Syria. He discusses the dangers of a combined military presence of US and Russian assets in Syria. Cohen then discusses the simple solution to ease the danger, and it really is simple. Disengagement. But Putin needs Washington (Trump) to cooperate. But Cohen now considers this as unlikely as he thinks Trump is folding to his opposition in Washington. In Ukraine the political and economic situation is worse and where President Poroshenko is having no control over the ukronazis – who are now embargoing coal imports from the Donbass. This hurts Kiev, but also illuminates the reality of a failing central government. A personal question: Will NATO continue to base troops there? It would mean contending with or working with nazis in a failed state environment? But would most of the West hear about it? That’s where we are, living behind a virtual information wall that George Orwell would immediately recognize.
From my point of view the Military Industrial Complex has shown no sense of danger in supporting a ‘confrontation for profit’ policy against Russia, and now the people of the West are effectively ‘walled off’ from learning about critical realities by a systemic corruption of the MSM. Washington is creating its own “Iron Curtain”. Not even discussions at the highest levels of Washington are tolerated unless they support the narrative. One wonders how long this can go on with the Military Industries dependent on tax dollars, and the financial sector and other interests looting the economy and destroying that same tax base. This becomes another reason to impose that ‘Era of Suspicion’ on the whole country; if one cannot advise or discuss an argument against war dangers (or government policies) without censure, then war becomes more inevitable in spite of the fundamentals that work against it. One could say, ‘unleash the dogs of war’ but first hugely increase the fiscal deficit.

This post was published at Audioboom

It’s What’s Happening Beneath the Surface That Matters: Moral Decay and Rising Inequality

These disintegrative forces are easy to see but elusive to pin down. Nobody defines themselves as self-serving, greedy and lacking in virtue. Everyone feels trapped in the system.
With the media’s hyperactive three-ring circus blasting 24/7, it’s easy to forget that everything consequential is happening beneath the surface, out of sight and largely out of mind. What’s going on beneath the surface is structural and systemic–for example, the 4th Industrial Revolution that is transforming the global economy and social order, regardless of political ideologies or our wishes. Centralization–the “solution” to every problem since 1940–is now the problem. Centralization generates corruption, privilege, rentier skims, institutionalized rackets and pushes one-size-fits all failure down the chain of command.

This post was published at Charles Hugh Smith on SUNDAY, MARCH 05, 2017.

TURKEY: Reverse Regime Change, Replacing Secularism with Sultanism

Since 2002, the Republic of Turkey has been ruled by the Justice and Development Party (or AKP), founded Recep Tayyip Erdoan and other prominent figures hailing from Necmettin Erbakan’s Welfare Party (or Refah Partisi, better known under the acronym RP) that had made Islamist politics mainstream in 1990′s Turkey.
At first, Erdoan and his henchmen appeared to respect the rule of law and the political traditions established by Mustafa Kemal Atatrk (1881-1938) and his followers (colloquially known as Kemalists, adhering to the ideology of Kemalism). The economic boom of the early AKP years and the concomitant political clout have allowed AKP-led Turkey to go down a post-Kemalist path into distinctly Muslim waters where authoritarianism and Ottoman nostalgia have managed to seduce the bulk of the Turkish population.
In reality, the economic boom overseen by the AKP was nothing but a mirage, after all, largely financed by borrowed money and extreme privatization – ‘a flood of near zero-interest foreign capital.’ At present, the Turkish economy appears to be in the doldrums, with unemployment currently at 11.8%, the highest level reached since March 2010 according to the Turkish Statistical Institute (or TK in acronymized Turkish).
The well-respected Turkish economist Taner Berksoy, for example, opines that the Turkish economy will experience a major downturn this year, in spite of the government’s encouragement packages, citing internal political instability as well as geopolitical risks, including Syria’s not-so civil war next door, and a general slowing down of the global economy.

This post was published at 21st Century Wire on MARCH 5, 2017.

Lana Del Rey turn to Witchcraft to Get Rid of Trump While Protesters are the Pawns of Special Interests

The singer Lana Del Rey is attempting to use witchcraft to remove Donald Trump from the Presidency. She Tweeted: ‘At the stroke of midnight, Feb 24, March 26, April 24, May 23… Ingredients can be found online.’
The cryptic message is all about witchcraft. These dates line-up with the ‘waning crescent moon ritual dates’, which are the dates that made headlines as members of the occult claimed they would perform ceremonies to rid the world of Donald Trump each time the event occurs. A representative for Del Rey confirmed to Pitchfork that the singer-songwriter’s tweet was in reference to the occult rituals.

This post was published at Armstrong Economics on Mar 3, 2017.

The Unrevolutionary Revolution

February in Romania has brought 27 consecutive days of protests against the current government, at a scale unmatched since the Revolution in 1989. In a record day, more than 600,000 people gathered in the capital’s Victory Square and around the country to overturn a decision by the current ruling party to decriminalize some acts of corruption and abuse of office. This decision was especially self-serving given the high number of party members already serving suspended sentences for similar graft offenses. News outlets around the world have covered the events using flattering words, describing the peaceful riots as a ‘poetry of international resistance’ and a ‘massive political awakening.’
The resilience – and moderate success – of protesters, in spite of the government digging its heels in and the temperatures dropping, has been undeniably impressive, and has demonstrated an energetic interest in pursuing justice, which, rightly employed, could become the driver of a much needed change in Romanian politics.
Yet at the same time, amongst the shouting against totalitarian measures aimed at changing the penal and civil code, other voices emerged as well. Equally numerous, and sometimes belonging to the same people, they call for stronger ‘democratic’ processes and offer public displays of affection for the European Union. Unsurprisingly, there have also been no mass protests against another fairly recent economic policy which forces supermarkets to ensure at least 51% of their grocery offers are of Romanian provenance. In this regard, many protesters might decry the ‘thieving multinational corporations’, and ask for a government crackdown on tax evasions, in order to provide for socialized healthcare and education.

This post was published at Ludwig von Mises Institute on February 27, 2017.

Eastern Europe & World War III

Europe could become the site of a new global war in the East as tensions build there against refugees and the economic decline fosters old wounds. The EU is deeply divided over the refugee issue and thus it is fueling its own demise and has failed to be a stabilizing force. After five days of demonstrations, Romania’s month-old government backed down and withdrew a decree that had decriminalized some corruption offenses. They were still acting like typical politicians and looking to line their pockets. After one month, the people have rising up saying ‘We can’t trust this new government.’
On the eastern border of the EU, only a few hundred kilometers from Berlin as well as Vienna, there is a growing danger that the world will stumble into a global war primarily from through the incompetence of the politicians in the EU as well as in the East. The EU is more concerned about punishing Britain and trying to hold on to overpaid political jobs that to address the real issues facing Europe.

This post was published at Armstrong Economics on Feb 8, 2017.

PROTESTS IN MEXICO PUSH COUNTRY TO BRINK OF REVOLUTION AND NOBODY’S TALKING ABOUT IT

San Diego, CA – Long-simmering social tensions in Mexico are threatening to boil over as failing neoliberal reforms to the country’s formerly nationalized gas sector are compounded by open corruption, stagnant standards of living, and rampant inflation.
The U. S. media has remained mostly mute on the situation in Mexico, even as the unfolding civil unrest has closed the U. S.-Mexico border in San Diego, California, several times in the past week. Ongoing ‘gasolinazo’ protests in Mexico over a 20 percent rise is gas prices have led to over 400 arrests, 250 looted stores, and six deaths. Roads are being blockaded, borders closed, and government buildings are being sacked. Protests have remained relatively peaceful overall, except for several isolated violent acts, which activists have blamed on government infiltrators.
The few mainstream news reports that have covered the situation blame rising gas prices but fail to examine several other factors that are pushing Mexico to the brink of revolution.


This post was published at The Daily Sheeple on JANUARY 11, 2017.

We All Lose: Obama’s Legacy And What It Means For A Trump Presidency

Submitted by John Whitehead via The Rutherford Institute,
‘This light of history is pitiless; it has a strange and divine quality that, luminous as it is, and precisely because it is luminous, often casts a shadow just where we saw a radiance; out of the same man it makes two different phantoms, and the one attacks and punishes the other, the darkness of the despot struggles with the splendor of the captain. Hence a truer measure in the final judgment of the nations. Babylon violated diminishes Alexander; Rome enslaved diminishes Caesar; massacred Jerusalem diminishes Titus. Tyranny follows the tyrant. Woe to the man who leaves behind a shadow that bears his form.’ ? Victor Hugo, Les Misrables
Let’s talk about President Obama’s legacy, shall we?
This was a candidate who was ushered into office promising hope and change, pledging to put an end to the endless wars that were bankrupting the country (he was actually awarded the Nobel Peace Prize in anticipation of his efforts to bring about world peace), and vowing to put an end of the corporate revolving door that had turned our republic into an oligarchy.
After eight years in office, Barack Obama leaves our nation with a weakened Constitution that has been dealt one crippling blow after another by court rulings and government overreach, with more militarized police empowered to shoot first and ask questions later, with more SWAT team raids, with more government corruption, with more debt than ever before ($19 trillion and rising), with more racial tensions bubbling over into confrontations, with even greater surveillance intruding into the privacy of the citizenry, with less tolerance for free speech and thought, with taxpayers groaning under the weight of even more taxes disguised as fines and fees, with a more ‘imperial’ president empowered to act unilaterally through the use of signing statements and executive orders, with a greater risk of blowback from military occupations, drone strikes and endless wars abroad, and with a citizenry more broken and oppressed than ever.

This post was published at Zero Hedge on Jan 9, 2017.

Dear Self-Proclaimed “Progressives”: as Apologists for the Neocon-Neoliberal Empire, You Are as Evil as the Empire You’ve Enabled

Sorry, pal, you’re evil. Self-righteous indignation counts for nothing in the strict accounting of real progressivism. Dear Self-Proclaimed “Progressive”: I love you, man, but it has become necessary to intervene in your self-destruction. Your ideological blinders and apologies for the Establishment’s Neocon-Neoliberal Empire are not just destroying your credibility, they’re destroying the nation and everywhere the Empire intervenes. While you squandered your political capital defending zero-cost causes like “safe spaces on college campuses,” the Empire was busy killing, maiming and making refugees of women and children in Syria. President Obama and his Neocon crew (former Secretary Hillary Clinton included) aren’t fools; they rely on drones and proxy armies to do their dirty work. Neoliberalism is the Establishment’s core ideology, and by supporting Bill Clinton and Barack Obama, you furthered, defended and rationalized the Empire’s neoliberal expansion and exploitation. Neoliberalism’s Big Lie is transforming everything into a market makes everyone richer. The dirty little secret of Neoliberalism is that the markets it creates are rigged in favor of Elitist cronies. If you can set aside your “progressive” blinders for a moment (Bill and Barack could do no wrong for 16 long years of neoliberal exploitation), you might learn that the Presidents and party you supported ushered in the era of neoliberal pillage as public-private partnerships, Philanthro-Capitalism, and rigged markets that enriched the elitist Establishment you defend at the expense of the bottom 95% non-elites.

This post was published at Charles Hugh Smith on MONDAY, JANUARY 09, 2017.

Hideous Constellation of Threats and Challenges Facing Mexico

The Risk of Contagion of a full-blown Mexican crisis is far greater today than it was during the Tequila Crisis 22 years ago. Things are rapidly going from bad to worse in Mexico. Hundreds of people were arrested and a handful of people killed over the past week as peaceful protests against the government’s hike of gasoline prices (by as much as 20% in some states) descended into widespread looting and rioting. The mood on the street was hardly helped when Mexico’s deeply unpopular president, Enrique Pea Nieto, tried to defend his actions by asking the public, ‘What would you have done?’
For a lot of people, the answer’s clear: a lot of things, very differently. Right at the top of the list would be launching an all-out war against the endemic culture of corruption plaguing virtually all levels of government. But now, time is fast running out as Mexico now faces a hideous constellation of threats and challenges, all at the same time.

This post was published at Wolf Street on Jan 8, 2017.

Nassim Taleb Explains “How To Go Bankrupt & Be Loved By The Many”

Inequality vs Inequality
There is inequality and inequality.
The first is the inequality people tolerate, such as one’s understanding compared to that of people deemed heroes, say Einstein, Michelangelo, or the recluse mathematician Grisha Perelman, in comparison to whom one has no difficulty acknowledging a large surplus. This applies to entrepreneurs, artists, soldiers, heroes, the singer Bob Dylan, Socrates, the current local celebrity chef, some Roman Emperor of good repute, say Marcus Aurelius; in short those for whom one can naturally be a ‘fan’. You may like to imitate them, you may aspire to be like them; but you don’t resent them.
The second is the inequality people find intolerable because the subject appears to be just a person like you, except that he has been playing the system, and getting himself into rent seeking, acquiring privileges that are not warranted -and although he has something you would not mind having (which may include his Russian girlfriend), he is exactly the type of whom you cannot possibly become a fan. The latter category includes bankers, bureaucrats who get rich, former senators shilling for the evil firm Monsanto, clean-shaven chief executives who wear ties, and talking heads on television making outsized bonuses. You don’t just envy them; you take umbrage at their fame, and the sight of their expensive or even semi-expensive car trigger some feeling of bitterness. They make you feel smaller.
There may be something dissonant in the spectacle of a rich slave.
The author Joan Williams, in an insightful article, explains that the working class is impressed by the rich, as role models. Michle Lamont, the author of The Dignity of Working Men, whom she cites, did a systematic interview of blue collar Americans and found present a resentment of professionals but, unexpectedly, not of the rich.
It is safe to accept that the American public -actually all public -despise people who make a lot of money on a salary, or, rather, salarymen who make a lot of money. This is indeed generalized to other countries: a few years ago the Swiss, of all people almost voted a law capping salaries of managers . But the same Swiss hold rich entrepreneurs, and people who have derived their celebrity by other means, in some respect.

This post was published at Zero Hedge on Dec 28, 2016.

Democrats Desperate to Steal Election from Trump at All Costs

I have never seen in my lifetime the deep hatred that is emerging in politics. Obama is clearly getting his CIA cronies to stir the pot claiming that Putin hacked the DNC to seek revenge of Hillary. But exposing the corruption inside the Democrats is just justification to overturn the election. Nancy Pelosi’s (D-CA) daughter and Clinton campaign chairman John Podesta are backing the effort to get electors to ignore the election and vote for Hillary. They are claiming they have now 30 people to turn and that means if neither candidate get 270, it goes to the House or Representatives. Yet we are talking about really turning up the civil unrest. The Democrats refuse to accept any loss and they are intent on trying to really force Marxism down everyone’s throats. We are talking about real bloodshed on the streets if this were to take place. It will be civil war.

This post was published at Armstrong Economics on Dec 15, 2016.