By: Trapper Pettit
I’m old enough to remember that owning a second car was considered a step up to the middle class, but I’m also smart enough to know that if the fools in Washington keep printing and spending, this is going to be the case again.
By: Denise Simon | Founders Code
BRICS is a collection of countries that launched in 2010 to dominate the global economy. BRICS stands for Brazil, Russia, India, China, and South Africa.
Just recently, a BRICS summit was held in Johannesburg to discuss the next mission and that is oil and the expansion of alternative currencies.
(Video Credit: FRANCE 24 English)
Russian President Vladimir Putin attended by video link since he is facing arrest by the International Criminal Court for war crimes. That has not stopped the emerging threat BRICS is about to impose on the global stage… control of at least 30% of the world’s oil industry.
Putin in his remarks states that Western powers with their “neo-liberalism” pose a threat to traditional values in developing countries.
Several additional countries were extended an invitation to join BRICS. They include Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the United Arab Emirates. If these countries accept the invitation to join, collectively 30% of the world’s GDP would be under BRICS. China pushed the hardest for the expansion of the bloc as a way to counter Western dominance.
White House National Security Advisor Jake Sullivan attempted to play down the bloc’s expansion plans.
He said that due to BRICS countries’ divergence of views on critical issues, he did not see it as “evolving into some kind of geopolitical rival to the United States or anyone else.”
By: James Simpson | Capital Research Center
Bad Economics
The New Green Deal advocates would like to see net-zero carbon emissions. This imperils the economy of the world. The baby steps the Biden administration has already taken have pushed the U.S. toward recession and inflation not seen since the early 1980s. These kinds of policies will destroy the economy well before any workable transition to a carbon-free world is developed, if indeed one can be developed.
The UN notion of sustainability displays a profound misunderstanding of elementary economics. The UN’s “sustainable” development concept requires government control over the economy because it assumes that private markets will simply use resources to exhaustion—never bothering to find substitutes when resources become scarce.
This is a common misperception. A good example is the history of whaling. Whales were hunted largely for the oil used in oil lamps and for other purposes. As demand for whale oil grew, some species of whales were pushed to near extinction. Whale oil became increasingly expensive as a result. The whales were saved by the “robber baron” John D. Rockefeller, founder of Standard Oil, and those who followed him.[1] Petroleum-produced kerosine rapidly replaced whale oil as a much less expensive, safer, and more versatile substitute. Edison’s electric light later replaced kerosine.
This type of automatic market response happens over and over again, but only because the market can quickly react to shortages to find profitable alternatives. The price mechanism guarantees that as a resource becomes less plentiful, less expensive alternatives are found. Market forces also disrupt monopolies because the price mechanism motivates people to find cheaper alternatives to a monopoly-priced product. The only way monopolies last for any appreciable time is if they are protected or created by government. Yet government control of everything is the UN mantra.
By: Trapper Pettit
Wendy’s is installing ‘AI Chat-Bots’ for drive-thru orders. This action tells me that the once-human position is now one for the history books. With this coming trend at the behest of AI, I wonder if my accountant is looking over her shoulder, as well as my lawyer, my broker, my doctor, and, for the record… YOU.
By: Cliff Kincaid
Whatever the probability of a recession, it is inevitable that, sooner or later, under its current rulers, the U.S. economy will go bankrupt, leading to a reorganization under the “global leadership” of the International Monetary Fund (IMF) and the World Bank.
Such a development will result in an international socialist state, including a global minimum tax on U.S. corporations (and consumers) and then a global tax on individual Americans and their stocks, mutual funds, and pensions.
My 1997 book, Global Taxes for World Government, explains how it will come about.
In this context, as bankruptcy approaches, the IMF has published a report arguing that the founder of the IMF was not a Soviet espionage agent in the U.S. Government. This is an important topic since there are major implications if we discover that the “international order” supposedly developed by the United States at the end of World War II was really designed to serve the interests of world communism.
White had served as Director of the Division of Monetary Research at the Secretary of the Treasury.
Former Communists Whittaker Chambers and Elizabeth Bentley accused White of having been a Soviet agent while in government. The Venona communications, which exposed a massive Soviet espionage effort against the U.S., unmasked such traitors as State Department official (and U.N. founder) Alger Hiss, Department of Justice official Judith Coplon, and Harry Dexter White.
By: Trapper Pettit
It’s apparent that Brandon and company are spending our children’s future like it’s their last night on the Titanic, but there’s one thing Brandon and his Robber Baron’s have forgotten; they’re aboard the f***ing Titanic.
By: Cliff Kincaid
In justifying the “historic” debt deal, Rep. Jason Smith said Republicans only control one-half of one-third of the federal government. But it was the most important one-half of one-third. The failure by the House to take advantage of its constitutional power may deliver the United States into receivership by the International Monetary Fund as the nation careens toward bankruptcy.
The House is where money bills are supposed to begin. All bills for raising revenue shall originate in the House of Representatives, the Constitution says.
Smith can find that on the website of his House Ways and Means Committee.
The Constitution also says: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and…To borrow Money on the credit of the United States.”
In the case of the debt deal, the House had passed a bill and the Senate did nothing with it. That’s not the fault of the House. The House did its constitutional duty.
The House should have stood its ground. Indeed, McCarthy had all the leverage and could have insisted on a reduction in debt as well as:
By: Trapper Pettit
Our dollar was once backed by gold before the fools concocted the petrodollar. And now, with the new proposed CBDC (Central Bank Digital Currency), the greenback will be valued by politicians, what’s left of your freedoms, and hot air. Shoot me now.
By: Trapper Pettit
Instead of worrying about the sexual orientation of a stupid crash test dummy, the fools in Washington should worry about something worthwhile, like the impending crash of the world’s reserve currency. Which, for the record, won’t be a test.
By: Trapper Pettit
I know that even if we created the perfect utopian society, we’d somehow figure out a way to screw it up.
In Memoriam
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