There is an old saying, “Don’t confuse brains with a bull market.” I tried to tell a number of friends this the last year or two. It was meant constructively, since I was the only one most of them knew who actually flourished during the last crash. No one was interested though. Kind of like …
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Ever more proof that man does not learn from history – and, in all his greed, pride and arrogance, in fact has little interest in it at all, at least in any real history… “The Lord giveth increase, but man devised credit.” “The general shape of the universal delusion may be indicated by three of …
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“We are doing God’s work,” said Lloyd Blankfein, CEO of Goldman Sachs in 2009. Let’s take a quick look at that. In contrast let us also establish the definition of usury, a concept abominable since Biblical times. usury – noun the illegal action or practice of lending money at unreasonably high rates of interest. interest …
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The U.S. Government does not know what “happened” to $21,000,000,000,000.00 ($21 Trillion) of past budgets. This is just the official number. The actual number is about double this (not counting unfunded liabilities). When pushed for an answer they say “Trust us. It’s a ‘national security’ issue.” That’s their answer for everything. The biggest accounting swindle …
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Nearly four score and seven years ago this nation declared bankruptcy. I have tried the last few years to get friends and family to understand the implications of this. My efforts have been largely in vain. The concepts of the nature of money itself (and wealth creation) are foreign to most people. Under the present …
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The Wolf Street Report: The Giant Sucking Sound of Financial Repression 9:48 – Wolf Richter – The Wolf Street Report: 2019-07-28 Wolf Street | The stories behind business, finance, and money https://wolfstreet.com
It is my intention to do a post or series of posts on this topic after doing more research, but I wanted to open this up for discussion. I want us to have a copy here of the Talmud for reference and research, and have been looking for a good resource for that. I believe …
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Added Page Bastiat’s Parable of the Broken Window to the More Documents tab at the top of the site.
There are three ways to create wealth: You can grow it, you can mine it, or you can manufacture it. Anything else is just a transference of wealth. Said in a simpler way, “No wealth is created without sweat.” Those who actually built this country knew this instinctively. We should be clear that there have …
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