When a commodity such as hogs trades at significantly more than the cost of production, you can count on producers to flood the market to take advantage of those high prices. When the new product hits the market, it typically collapses the price, perhaps considerably below the cost of production. The market regularly goes from […]
In his book entitled, Cina COVID 19: La Chimera che ha cambiato il Mondo, which translates as “China COVID 19: The chimera that changed the world,” Tritto explains how a People’s Liberation Army (PLA)-owned coronavirus was genetically modified to become the China Virus that is being reported around the world today. He says the novel virus […]
For economies to grow and prosper requires the decentralized effort of multitudes of individual entrepreneurs, in the pursuit of profit and prestige, experimenting with new combinations of productive resources. It’s this process of trial and error, with the profit and loss system providing quick feedback on the quality of these innovations, that is the engine […]
Pelosi’s plan will lead to either a federal mask mandate or federal funding of state and local mask mandate enforcement. Those who resist wearing masks could likely be reported to the authorities by government-funded mask monitors. We can label this the “Stasi” approach to health policy, after the infamous East German secret police force. Contact tracing […]
Trump needs our support to even have a chance of dismantling the Big Pharma drug cartels. Trump also knows that a really big counterattack against pharma is to issue an executive order that tells the FDA to ban direct-to-consumer drug advertising, which currently provides up to 70% of the revenue for CNN and other corporate media […]
It doesn’t even seem to matter what the issue is anymore (racism, Confederate monuments, Donald Trump, COVID-19, etc.): modern-day activists are busily tearing down monuments, demonizing historic figures, boycotting corporations for perceived political transgressions, and using their bully pulpit to terrorize the rest of the country into kowtowing to their demands. All the while, the American […]
The influence that the pharmaceutical industry wields over media outlets is no secret. As of 2018, an estimated 70% of all news advertising in the US came from pharmaceutical companies. I have written elsewhere about how “reporting” on medical issues can be difficult to distinguish from outright marketing for drug companies. Social-media platforms are not immune to […]
The economic collapse will be worse than the Great Depression. This will result in widespread violence along with government crackdowns on liberties, accelerating the US slide into authoritarianism. The only way to avoid this is for Congress to make drastic cuts in spending — starting with defunding the military-industrial complex — and to audit then […]
Money velocity will accelerate but it won’t be into consumer goods. It’ll be into hard assets that hold their value over time, gold in particular. In other words, the best leading indicator of inflation won’t be found in the grocery store or at the gas pump. It’ll be found in the dollar price of gold. When gold […]
If you want to understand America’s dangerously deepening travails, you have to start at the Federal Reserve’s Eccles Building. How do we get 50 million unemployed… the stock market at record highs… companies trashing their balance sheets to buy back stock and do vastly overpriced M&A deals… doctors and politicians savaging the economy and the […]