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2021’s Deficit Spending Is Already Out Of Control. Here’s Why That’s A Problem Authored by Ryan McMaken via The Mises Institute, This morning, President Trump apparently threatened to veto the so-called stimulus legislation recently approved by Congress. The legislation features approximately $908 billion worth of spending including $600 stimulus checks for many millions of Americans who qualify.…

Two Pandemic Assistance Programs Expire Today, Leaving 12 Million Without Benefits With Congressional leaders feigning productivity for two months on a renewed stimulus – only for President Trump to veto their 11th hour porkfest and demand they increase direct stimulus checks from $600 to $2,000 per person – a series of assistance programs are set…

Survival Of The Biggest Authored by Matthew Piepenburg via GoldSwitzerland.com, Small Business Extinction, Walking-Dead Bonds, & Golden Solutions Regardless of one’s views as to the most realistic means of balancing human risk with economic risk, all would agree that COVID has both revealed and accelerated critical (and pre-existing) fissures in the financial landscape. The hitherto…

Roger Stone Announces $25M Lawsuit Against DOJ, Mueller, Comey, Barr And Brennan Longtime Trump ally Roger Stone announced on Friday that he will be filing a $25 million lawsuit against the department of Justice, along with former FBI Director James Comey, former CIA Director John Brennan, Special Counsel Robert Mueller and several other individuals, according…

Dreaming Of A Christmas Without Stuff Nobody Wants Or Needs Authored by Charles Hugh Smith via OfTwoMinds blog, Freeing ourselves of unwanted/unneeded gift-giving is not just heresy in a debt-funded consumerist economy… it is tantamount to treason. Did you see the new “gotta-have” coffee-pod flavors this Christmas? Crayfish, Spanish Moss, Pumpkin Spicy Radish and Jungle Rot.…

Where Analysts Are Most Optimistic And Pessimistic On Company Ratings For 2021 With the end of the year just days away, Factset looked at where sellside analysts are most optimistic and pessimistic in their ratings for S&P 500 stocks for 2021, and also how have their views changed since the start of the COVID-19 pandemic?…

Crappy Holidays & Other Economic Carols For 2020 While singing of all sorts is officially off the table in Newsom’s Californiastan, the kind gentle folk at BMO Capital Markets offer the following ‘Economic Carols’ for your entertainment… It’s Beginning To Look A Lot Like Stimulus (sung to the tune of It’s Beginning To Look A…

Global Outrage Follows Trump Pardons Of Blackwater Mercenaries Who Killed 17 Iraqis Authored by Brett Wilkins via via CommonDreams.org, A senior United Nations human rights official on Wednesday added her voice to the chorus of condemnation of President Donald Trump’s pardons for four U.S. mercenaries convicted of massacring 17 Iraqi civilians in 2007.  Marta Hurtado, a spokesperson for the U.N.…

Ex-Apple Engineer Unveils “Glitterbomb 3.0” Device To Combat Porch Pirates  This year has been awfully stressful for retailers and package delivery companies, strained by the virus pandemic surge in e-commerce. About three billion packages will traverse the country’s shipping infrastructure this year – about 800 million more than last year, leaving many packages, once delivered to…

Is “It’s A Wonderful Life” The Perfect Christmas Film? Authored by Alexander Larman via The Critic, This Christmas, more than any other, people will be slumped in front of their televisions, glass of something strong and dark in hand, looking in vain through the schedules to see if anything worthwhile is on. While some may…

A Very COVID Christmas: Visualizing The Pandemic’s Impact On Festive Spending From mass job losses to not seeing family and friends for months on end, the COVID-19 pandemic has pushed people to their limits in 2020. As an incredibly difficult year draws to a close, Visual Capitalist’s Katie Jones notes that people are starting to…

What If Jesus Had Been Born In The American Police State? Authored by John Whitehead via The Rutherford Institute, “When the song of the angels is stilled, when the star in the sky is gone, when the kings and princes are home, when the shepherds are back with their flocks, the work of Christmas begins:…

Did Fauci Just Admit He Lied About Herd Immunity To Trick Americans Into Vaccine? Dr. Anthony Fauci, the Democrat-approved ‘science’ in ‘trust the science,’ appears to have just admitted to lying about COVID-19 herd immunity in order to goad more people into taking the vaccine, according to a new report in the New York Times.…

FedEx, UPS Take Different Routes On New Parcel Surcharges By Mark Solomon of FreightWaves, For decades, an immutable law of business has been that whenever FedEx changed its pricing or related terms and conditions, rival UPS would soon follow suit. Or vice versa. However, a few changes to peak-season delivery surcharges that the two carriers…

Fast-Moving Wildfire Threatens Major Marine Corps Base Near San Diego A major Marine Corps base in southern California is under emergency evacuation orders as a wildfire has grown out of control and is now encroaching on the area.  Marine base Camp Pendleton, which is home to the 1st Marine Division, Marine Expeditionary Force, infantry training schools…

Peter Schiff: Government Sedating The Economy With Stimulus Via SchiffGold.com, President Trump threw a wrench into coronavirus stimulus relief, calling the massive spending bill “a disgrace” and threatening to veto the legislation if Congress doesn’t go back and up the individual checks from $600 to $2,000. It remains unclear how the politics will play out. House Speaker…

BABA Battered, Brexit Breakthrough, & Bailout Busted – Buck & Bond Yields Drop Jack Ma might be (or have been) the richest man in China, but right now he is learning the hard way, you don’t mess with the gods. Since his criticism of China’s financial regulations during an appearance at a high-profile industry conference…

ARK Funds Could “Take In More Cash Than Blackrock” In December, ETF Expert Balchunas Says The market distortions created by an engineered gamma squeeze of the NASDAQ know no bounds. Yesterday we published a report highlighting Bloomberg’s ETF expert Eric Balchunas’ take on how ARK Funds could wind up becoming victims of their own success. …

Ossoff Refuses To Disclose Murky Deals With Qatar, China As Georgia Runoff Election Nears Georgi Democratic Senate candidate Jon Ossoff has come under fire for refusing to disclose details about his personal finances and investments, including media deals he made with state-owned news outlets in Qatar and China. The 33-year-old trust fund Democrat is facing…

“500 Officers Short” – Baltimore City Faces Mass Cop Exodus On Tuesday morning, the Baltimore City Fraternal Order of Police warned in a series of tweets that more officers have left the department than hired over the last two years.  The tweets read: “500 Officers short! Homicides and shootings are pacing with last year’s record violent crime…

Dave Collum’s 2020 Year In Review, Part 1: “Willfully Ignorant” Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology – Cornell University (Email: dbc6@cornell.edu, Twitter: @DavidBCollum), “David Collum is willfully ignorant.” ~ Mountain Man (@Pjas77) Every year, David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit.…