Independent thinking for complex markets and current events
Lots of analysts on the right throw the term “communism” around recklessly. Even I, on occasion, flippantly refer to this or that as “commie” because it’s a fun word, even when it doesn’t necessarily apply. But this, boys and girls, is about as close to literal communism as we’ve ever seen in American politics, in …
WATCH: California Democrat Governor Gavin Newsom has ratcheted up his war on energy. Newsom appointed Siva Gunda of the California Energy Commission. Gunda just testified that state-run refineries are “on the table.” pic.twitter.com/L93qHOfXcO — Steve Guest (@SteveGuest) May 15, 2024 Refinery capacity is tight because no refinery has been built on American soil since the …
The chainsaw-wielding Argentine president Javier Milei has consolidated eighteen government ministries into nine, fired 5,000 government workers, devalued the peso near market rates, and introduced economic reforms to overhaul the faltering economy after a series of devastating financial crises. The latest fat Milei has trimmed from the bloated government’s books is the largest and most prestigious …
via schiffgold: Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserve’s monopoly …
via YAHOO: The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to sell some bonds including those from riskier LGFVs and private developers after a review, people familiar with the matter said, asking not to be identified discussing …