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 economics. Show all posts
Showing posts with label economics. 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.

Wednesday, April 6, 2016

California and New York ready to join Seattle in destroying jobs with new minimum wage laws

Economics is a social science, and as such it can be greatly affected by the emotional demands of a given people or culture.  And just as the government, Federal Reserve, and Wall Street helped create the political climate of the 2016 election through their full buy-in of crony capitalism, so too are states signing their own economic ‘death warrants’ by giving into the demands of a $15 minimum wage.
Last year, places like Seattle, Washington signed new legislation imposing a $15 minimum wage on businesses and government employees, and the results were as expected by economists who look at the true data rather than those who are bought into the political spin.

Friday, April 1, 2016

Long-standing U.S. ally Israel moves into China’s camp for free trade agreements

As the U.S. spins draconian trade agreements into Orwellian ‘free trade’ rhetoric, China continues to attract countries from around the world who are no longer enamored by dollar hegemony, and secret deals such as the TPP and TTIP.  And now joining in this conversion from West to East is long-standing U.S. ally Israel, who is finding the political winds of Middle Eastern foreign policy directed squarely against them.
On March 29, Chinese Vice Premier Liu Yangdong announced during a visit to Jerusalem that China and Israel would begin negotiations for new free trade agreements that would boost economic growth for both nations.
china-debt-cartoon

Tuesday, February 9, 2016

2015 sets new record for Americans renouncing their citizenship

Two hundred years ago, our ancestors chose to leave their ancestral homelands and renounce their citizenship’s to come to America for a better life and a chance at a freedom not allowed in most of Europe.  This pursuit of economic freedom was the foundation for making the United States the most powerful empire in history, and made the ‘melting pot’ a phenomenon envied by other nations.
But like most empires, human frailties eventually lead to its demise as fraud, corruption, greed, and the need for power override the honest and righteous works of the common people who built the country.  And when this happens, many find that like their forefathers before them, the liberties and opportunities they desire are found in other places and in other lands.
And America is now at that time when more and more people, and in record numbers, are renouncing their citizenship to move out of the U.S..
expats annual

Read more on this article here...

Thursday, November 12, 2015

Bitcoin creator nominated for the 2016 Nobel Prize in economics

On Nov. 9, Satoshi Nakamoto, the believed inventor and creator of the crypto-currency Bitcoin, was nominated for the 2016 Nobel Prize in the field of economics by a UCLA finance professor.  In his submission, Professor Chowdhry cited the revolutionary vision that bitcoin has brought to the concepts of money and crypto-currency, and how it has the potential to change commerce as we know it in the 21st century.
Nakamoto is believed to have created the first crypto-currency in 2009, using block chain technology and a platform of de-centralized money that can be used outside of the banking system, and on tools as small as a Smartphone.

Tuesday, August 4, 2015

Minimum Wage: In the end, economics always wins out over emotion and stupidity

Now that several states and businesses have ceded to the masses and are beginning to institute large hikes in the minimum wage, the reality of economics and human greed is setting in almost immediately.  For years, Democrats, liberals, and and progressives have sought to raise the minimum wage for the unskilled worker as a means of appeasing their voter base, yet this argument has missed the point entirely since the problem has never been about wages, but about the devaluation of the currency.  And with the success of the activist led minimum wage movement having finally resulted in hikes of as high as $15 per hour, the consequences of not seeing the entire picture is leading many to abandon their newly acquired increases for a whole host of reasons that include: losing welfare benefits, envy by those with more education, skill levels, and achievements, and the newest reason… replacement by machines.



Read more on this article here...

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.

 

Thursday, November 1, 2012

Comedian shows children about Obama economics by redistributing their halloween candy

Obama economics is about two things.  Crony capitalism (Solyndra, GM, etc...), and taking from the middle class to give to the poor.  Through inflation, taxation, and regulation, the Obama administration's policies have destroyed more middle class incomes than any President in history.

So to ensure that the younger generations understand what President Obama's class warfare and tax the rich socialism is all about, a Fox News correspondant on Oct. 30 went out to a local trick or treating area and began to teach redistribution to the children, using their halloween candy.


Picture courtesy of Sodahead.com



There you go.  It is ingrained in human kind at birth to enjoy the fruits of ones own hard work, and redistribution, as stated plainly from the mouths of babes, is stealing.

Friday, May 18, 2012

Treasury Secretary Geithner admits he has no idea about government finance

Appointments to cabinet positions in the Executive Branch have frequently been cronyistic rewards for supporters and those who helped finance a President in office.  Take for example former NY Fed President, and now Treasury Secretary Timothy Geithner, who admitted on on May 17th in a PBS interview that he has no idea how the government debt and other financial boondoggles have take place.



While we knew TurboTax was beyond him, the Treasury debacle-in-chief admits he doesn't understand how the debt limit has bubbled back up (seeing it as part of a partisan political agenda); admits that perhaps the NY Fed has a 'perception problem' with Jamie Dimon on the board; and his piece-de-resistance his cognitive dissonance erupts as he touts Obama's economic and jobs record: "look how well we are doing relative to any other major country". - Zerohedge



 
All we have to do is remember three years ago when Geithner went to speak before university students in China on economics and finance, and he was virtually laughed off the stage for his idiotic understanding and attempted propaganda regarding the US dollar.