The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label bernie sanders. Show all posts
Showing posts with label bernie sanders. Show all posts

Wednesday, February 22, 2017

The mayor of Philadelphia proves why liberals should never be in charge of finance, economics, or anything to do with money

For years liberal politicians have used the offer of free stuff to try to entice the voting public into believing that money simply grows on trees and that the laws of economics don't matter if the right party is in office.  Case in point, the fact that Bernie Sanders ran for the Presidency on a platform of free education, free healthcare, and a myriad of other free welfare programs that would have doubled the national debt from $19.5 trillion to right around $40 trillion.

Image result for weekend at bernie sanders
Presidential contender Bernie Sanders' broadly progressive tax and spending proposals would add a whopping $21 trillion to the national debt over the next decade, according to a joint analysis released Monday. 
Sanders' proposals would cost $33.3 trillion in new spending, mostly from his health-care proposals — more than double the $15.3 trillion in new taxes, mostly on wealthier American households, that he proposes if he's elected president, according to the analysis by the Tax Policy Center. - CNBC
Of course, socialists, liberals, and Marxists like Sanders fail to ever look at the long history of nations who implemented their own versions of this, and the graveyard of failed economies that resulted from it.

Their solution?  More of the same, only on a much greater scale.

But liberal economics isn't relegated to just 'taxing the rich'.  And whether it involves trying to bankrupt individuals and economies through moronic schemes such as carbon credits, they have never learned that when governments get involved in an economy, there are consequences that emerge that they never plan for.

Such as in the city of Philadelphia, where the Mayor's push to 'fight obesity' through a beverage tax has now resulted in a massive decrease in tax revenues, and the onset of layoffs in industries that sell soda and other drinks with a modicum of sugar.

Image result for huge big gulp
According to Philly.com reports, two months into the city’s sweetened-beverage tax, supermarkets and distributors are reporting a 30% to 50% drop in beverage sales and - adding insult to injury - are now planning for layoffs. 
One of the city's largest distributors told the Philadelphia website it would cut 20% of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring. “People are seeing sales decline larger than anything they’ve seen up to this point in the city,” said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association. 
Since all of this is taking place as previewed in a recent post: "The 'Soda Police' Just Learned A Valuable Lesson About Taxes", we doubt it would come as a surprise to anyone, although we are confident that Philadelphia city workers will be amazed by these unexpected developments. 
Sure enough, in response instead of admitting the tax was a bad decision, the city lashed out by launching the latest "fake news" campaign, when it questioned the legitimacy of the early figures and predicted that customers responding to the initial sticker shock by shopping outside the city would return. “We have no way of knowing if their sales figures and predicted job losses are anything more than fear-mongering to prevent this from happening in other cities,” said city spokesman Mike Dunn.
Mayor Kenney harshly rebuked reports of coming layoffs late Tuesday night. 
"I didn't think it was possible for the soda industry to be any greedier," Kenney said in an emailed statement. “…They are so committed to stopping this tax from spreading to other cities, that they are not only passing the tax they should be paying onto their customer, they are actually willing to threaten working men and women's jobs rather than marginally reduce their seven figure bonuses." 
Bob Brockway, chief operating officer of Canada Dry Delaware Valley, which distributes about 20 percent of the city’s soft drinks, said sales were down 45 percent in Philadelphia. The company will lay off 20 percent of its workforce the first week in March. The distributor is a subsidiary of Honickman Affiliates, owned by Harold Honickman, who helped lead the opposition to the tax last summer. The 35 jobs on the line include managers, sales people, and drivers, Brockway said. Sales are up about 20 percent in the suburbs, but that hasn’t helped the business break even, he said. - Zerohedge
The bottom line.  Taxing a product or service to push a political or social agenda simply means people will either quit using it, create a black market for it, or go someplace where there isn't a tax on it.  And all one has to do is look at when states began to tax cigarettes and realize that online sales, and sales of smokes from Indian reservations, would easily defeat the best intentions of liberal economics.

Tuesday, August 9, 2016

Millennials force University of Wisconsin to take down historic paintings because it affects their 'safe space'

During the start of the Renaissance in the the city state of Florence, the wealthy banking family known as the Medici's patroned many fine and historic works of art that in part helped lead Europe completely out of the Dark Ages and into their greatest era of growth in 1000 years.  But as a side consequence of their willingness to fund and support radical thinkers and artists, many in the Roman church felt threatened and sought to end the power of the Midici's in their intolerance.

One such radical religious zealot was a man by the name of Girolamo Savonarola, who preached against anything that did not follow church doctrine, and behind the scenes brewed hatred and intolerance into the minds of the poor and fearful.  And in the end, Savonarola was successful in burning and destroying many priceless works of art when the last of Medici power ended in Florence.

Fast forward to 2016...

Colleges and Universities were originally built to be the bastion of open learning, and even questioning the status quo to find new opportunities for progress.  But today they have become like the Medici family, and are under attack by a whole generation of radical and intolerant bigots who despise and hate anything that doesn't fit into their narrow beliefs.

That generation is the millennials.

The University of Wisconsin-Stout has decided to take down historical paintings that show interactions between white settlers and First Nations people because of their potentially “harmful” effects on students and viewers. The move was sparked by complaints from a diversity group. 
One of the paintings shows French fur traders canoeing down the Red Cedar River with American Indians; the other is of a French fort. Both were painted by artist Cal Peters in 1936 and were recently restored with funding by the Wisconsin Historical Society. 
After 80 years of decorating the university’s Harvey Hall, the paintings caught the attention of the school’s Diversity Leadership Team (DLT), which complained to the administration that this depiction of First Nations people reinforced racial stereotypes and promoted “acts of domination and oppression.” - Fox News
Following the purge of paintings, sculptures, and other priceless art in Florence many hundreds of years ago, the city never regained its stature during the greatness of the Renaissance.  And sadly, it appears that United States is following that same track since this intolerant generation will one day carry the future of America, and history has a very good record of repeating itself when human beings never learn the lessons from the past.

Of course, perhaps the real problem is that the paintings did not reflect the desires of UW's Diversity Group in that had Elizabeth Warren been one of the native Americans standing in the canoe, and Bernie Sanders been a fur trapper handing out free pelts in front of the fort, then the depiction of history would have been completely in line with the belief codes of these indivduals.

Thursday, July 28, 2016

First an email scandal to stop Bernie, and now the Democrats have to hire seat fillers for convention

The Democratic Party likes to call themselves the party of 'inclusion'.  And with Virginia Governor Terry McAuliffe trying to usurp Federal law by allowing felony convicts to vote, and California providing credentials to illegal aliens so they can effect our political system, it appears that the left would even welcome a ham sandwich if it could cast a ballot.

But the one thing they cannot seem to get this election season is a passionate electorate.  And in a Craigslist ad found this week in the Philadelphia area, it appears that the DNC is having to pay people to just to show up and fill thousands of empty seats at their convention.


Ironically, the majority of Democrats who suffered through blistering hot and humid July weather to attend the convention were not there to coronate Hillary Clinton, but instead to wreak havoc on the Democratic Party for purposefully ensuring their hero Bernie Sanders never had a chance to win the nomination.

Monday, July 11, 2016

Bernie Sanders throws supporters under the bus by choosing to follow Hillary and her 'free college' program

Democratic candidate Bernie Sanders will formally give his support to Hillary Clinton on Tuesday, July 12 as he ends a presidential campaign that was fueled by younger voters motivated by his promises for free stuff.

Like Donald Trump, Bernie Sanders was an outsider who offered a more Socialist agenda for the American people, and campaigned on promises of free college, free healthcare, $15 minimum wage, and a myriad of other programs that according to his estimation would have doubled the $18 trillion national debt during his term in office.

On Tuesday, 74-year-old Socialist titan Bernie Sanders, a man who displayed a vibrant energy and enthusiasm that caught fire with young people across America in his noble fight against the establishment, will formally endorse Hillary Clinton who is perhaps the most corrupt politician in US history with more skeletons hiding in her closet than the crypt keeper. - Sputnik News
In perhaps an attempt to co-opt Sanders voters, Hillary Clinton recently announced her own 'free college' plan that like Obamacare, would only aid a small portion of students while at the same time subsidize Big Education with hundreds of billions of dollars.
Although many millennials scoffed at Hillary’s announcement that she had conjured up a free college plan as simply “stealing the Bern” - appropriating her opponents policy position and pretending that the idea was her own - after reading the details it is all too obvious that this plan has Clinton written all over  it. 
For one, the proposal is designed to fail offering free tuition to students whose families earn less than $80,000 per year in the first year while edging up to $125,000 by the fifth year. That sounds wondrously sensible, but it begs the question what happens to the kid whose parents make $80,001? Or do parents instead decide to forego work if they have children in college so as to fit under the threshold. 
The plan also calls for an addition $350 billion to colleges and universities across the country with no strings attached requiring the funds to go towards student scholarship while students allow them to cut costs by performing vital college services currently done by employees that make much more than $9/hr. It is, in fact, a free money giveaway to millionaire ‘public’ college and university presidents to pad their already lavish six and seven figure salaries.
So in the end, the 'Feel the Bern' revolution peters out with little fanfare and a concession to the establishment candidate.  And the millennials and younger generation who followed Sanders all the way to the end, are left with a difficult choice, of two candidates that appeal to none of them.

Friday, June 17, 2016

Only 27 percent of Americans trust banks and the media, and nearly all institutions rank in bottom 30 percent

A new Gallup poll out on June 14 shows that very few Americans have any faith in their core institutions, with banks and the media registering near the bottom of the people’s trust.
In the decade since the start of the housing crisis and subsequent bank bailouts, trust in America’s financial system has fallen from 49% in 2006, down to just 27% in 2016.  And other institutions like the media have dropped to below even that percentage as only 20% of Americans trust their news outlets to provide them the truth and correct information.
gallup poll
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Monday, May 23, 2016

Loss of confidence in central bank policies seen as a major driver for gold prices to go higher

Last week, no less than four Federal Reserve regional Presidents went public in advocating that the U.S. central bank raise rates during their quarterly meeting in June.  Of course, every one cited a caveat that it should be done only if economic conditions warrant it, but seeing as the Fed, as well as the ECB, have spent more months jawboning policy changes than actually doing them, the market has come to the realization that central banks more and more are to be likened to the boy who cried wolf.

And this is one of the major reasons why gold prices have soared to more than 20% gains since the beginning of the year, and following the unexpected December rate hike by Janet Yellen.  And it is because of the combination of central banks not following through on their promises, and a growing lack of confidence in them, that is leading many investors and fund managers to advocate to their clients to buy gold for the first time since 2013.

I think we are in a new gold market actually. Investors are very concerned about financial risk and gold is being used as a safe heaven. Especially, investors are looking at central bank policies. We've seen these radical central bank policies that don't seem to be working and now with negative rates, the Fed not able to increase rates as aggressively as they'd like to, it's creating a lot of concerns in the financial system. - Joe Foster, Manager of the Lombard Odier World Gold Expertise Fund. - Morningstar
In addition to Joe Foster, several hedge fund managers like Stanley Druckenmiller and George Soros have put their own money on the line and are taking large positions in gold because the state of the financial system is warranting it in spades.

This current Presidential election cycle is also revealing the lack of confidence in central banks to be able to create monetary policies that will rescue both the economy and the debt bomb that they and governments have created since the advent of ZIRP, NIRP, and QE over the past eight years.  And it is why the likes of Donald Trump and Bernie Sanders are joining in with economists like Jim Rickards to call for a return to a gold standard of some form, and removal of absolute power over currencies by the central banks.
The Fed was getting bashed from all sides. "It is unacceptable that the Federal Reserve has been hijacked by the very bankers it is in charge of regulating," Democratic candidate Bernie Sanders said in a New York speech in January. Economists who support Sanders, like Nobel prizewinner Joe Stiglitz, see the Fed's quantitative easing as a form of trickle-down economics that's exacerbated inequality. 
The proponents of gold or some other fixed monetary rule are more likely to be found in the Republican Party, and what they object to is the very idea of money creation by fiat, not just its distributional effect. Still, there's some overlap. Ted Cruz, in one of the early candidate debates last year, said the Fed "should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold." 
Then there was Donald Trump. "We used to have a very, very solid country because it was based on a gold standard," he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because "we don't have the gold. Other places have the gold." - St Louis Post Dispatch
In the end however, the U.S. may end up being the follower and not the leader of the return to the gold standard, as economies like China and Russia are preparing for a return of gold backed money and trade through their massive accumulation of physical gold.  And at stake is the power and authority to control the next coming global financial system, and where that old axiom still rings true... as those who hold the gold, make the rules.

Millennials partying on taxpayer money long before the rise of Bernie Sanders

Before there was Bernie Sanders there was Barack Obama, who throughout his eight years in office has been the benefactor of free stuff long before the current Presidential candidate for the Democratic party began running on a platform of cradle to grave welfare.  And whether it was free Obama phones or free Obamacare to the poorest in the land, perhaps the biggest ‘free’ gift the commander-inf-chief gave to millennials was access to unlimited debt.
The current 18-30 generation in just eight years has compiled more than $1 trillion in student loan debt.  And perhaps the most devious thing behind this is that access to hundreds of thousands per person in student loans was done with the knowledge that there were going to be no real jobs created during his tenure, and as a side effect the system helped create new debt which was absolutely necessary to keep the financial system from imploding.

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Wednesday, April 13, 2016

Who needs Bernie? Americans spend more on taxes than on food, clothing, and shelter

Independent/Democratic candidate for President Bernie Sanders has been running on a platform of not just tax the rich, but pretty much tax everyone more to pay for his $18 trillion program of full blown Socialism.  But what the old man from Vermont who never worked an honest job in his entire life is failing to see is that as Americans rush towards tax day less than a week from now, they already give away to government agencies more in taxes than they spend each year on food, clothing, and shelter…
Combined.
This year, Tax Freedom Day falls on April 24, or 114 days into the year (excluding Leap Day).
Americans will pay $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of almost $5.0 trillion, or 31 percent of the nation’s income.
Americans will collectively spend more on taxes in 2016 than they will on food, clothing, and housing combined.
That last statistic is a huge sore point with me.
How can anyone argue that we are not a socialist society when the government takes more of our money than we spend on food, clothing and housing combined?
What they are doing to us is deeply wrong and it is fundamentally un-American. -Theeconomiccollapseblog
tax foundation chart
Chart courtesy of Taxfoundation.com
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Sunday, December 27, 2015

Democratic Presidential candidate Bernie Sanders channels his inner Ron Paul

Former Congressman and Presidential candidate Ron Paul was known primarily for his movement within the financial and political realms, and it involved a crusade to both audit and end the Federal Reserve bank.  And while his tireless efforts led to a miniscule audit of the private central bank which revealed how it had bailed out domestic and foreign banks, as well as many multi-national corporations, the end result accomplished little as his retirement signaled the end of the war on the Fed.
Or has it?
On Dec. 23, Senator and Democratic Presidential candidate Bernie Sanders wrote an op-ed in the New York Times picking up Ron Paul’s mantle and channeling his own crusade to bring about a full and independent audit of the 100 year old central bank.

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Wednesday, September 16, 2015

Next Democrat hopeful wants to follow in Obama’s footsteps by doubling national debt

Socialism works until you run out of other people’s money.  This is a famous quote that was attributed to the former Prime Minister of Britain during the final decade of the Cold War, and during the rise of socialism in what would become the European Union.  And since the 1980’s when capitalism flourished in its final decade of free markets, growth has been measured not by productivity, but by how much administrations around the world could increase their money supplies and national debts.
And while many Republican Presidents, including the well respected conservative Ronald Reagan, have used borrowing to facilitate their goals and agendas, it has been the current President, and the front runner from the Democratic Party for the 2016 election, that have placed any semblance of fiscal responsibility in the distant past, and could potentially be two back to back Presidents who would double the national debt during their times in office.

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Election of Britain’s new communist labour party leader microcosm of wealth disparity

Over the weekend, Britain’s Labour Party held an election to vote for their next leader after the conservative Tories swept through a majority of seats in the House of Commons last May.  And with Labour in veritable turmoil from years of declining support, the winner of the election was an interesting man named Jeremy Corbyn, who is not only a radical leftist, but an extremely opinionated Marxist who wants to radically change Britain at a time when the world is rushing headlong into economic crisis.
Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour leader.  Corbyn is really communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour party which will help to make a British EU exit more likely. The Marxist sophistry is rob anyone who has more. They never understand that we all provide our piece of the economy that creates the whole. Many are starting to realize that this could be thedownturn for Britain. - Armstrong Economics


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Friday, July 31, 2015

Bernie Sanders: Meet the new Marxist, same as the old Marxists

While the Donald Trump phenomenon has made it popular to finally be allowed to ask the questions millions of Americans have been afraid to ask since the advent of political correctness, on the other side of the political ledger another candidate has stepped up to challenge the Progressive status quo.  And yet as independent Bernie Sanders creates new and refreshing discourse to compete against the old guard of Hillary Clinton, the sad truth about the Senator from Vermont is slowly rising to the surface.
And that is, he is just as much a Marxist and European Socialist as the rest of the Democratic party.
In a speech given on July 30 just outside Capital Hill, Senator Sanders called for a single payer system of healthcare that parallels those used in the rest of the ‘industrialized world’ (Europe), and where it would run like Medicare under the complete supervision and control of the Federal government.

 
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