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Tag Archives: cronyism

Another Oligarch Preaches to the Peasants – Charlie Munger Says “Prepare for Harder World”

I’m not a fan of Charlie Munger, Warren Buffett’s right hand man. I haven’t been a fan for a long time but this statement back in 2012 really annoyed me.

Such arrogance. I’m sorry Mr. Munger but not all of us get to drink from the Fed’s fire hose of easy money. For many of us gold is a last resort. Not an investment per se, but a hedge against guys like you. Of course you know that and that’s why you said what you said.

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Crony marijuana in Ohio, Cartelization in the legal pot market

The good news is that Ohio may soon legalize the recreational use of cannabis. This is a huge step forward for personal liberty and common sense generally. No one should be going to jail for weed.

But there is a fly in the hash oil. If the new law in Ohio passes, and it likely will, only a few select marijuana “investors” will have the right to grow the plant for profit. Essentially Ohio will create a cartel for weed and that certainly is NOT progress.

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Corruption: The Chicago Way (Video)

Adam Andrzejewski the founder of Open the Books discusses Chicago’s culture of crony capitalism.

One has to love Chicago. Home of Capone, John Dillinger, Richard Daley, Rod Blagojevich, Louis Farrakhan, Bill Ayers, Jack Ruby, Jesse Jackson, Saul Alinsky, President Obama, technically Hillary Clinton. It is an empire of corruption and it has been since the 1920s. And probably even before that.

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Mining Taxpayers: Crony Capitalist Return on Investment

Influence in Washington DC is a good buy. If one has no qualms with using the state to take (legally in most cases) from taxpayers then K Street is where one wants to spend some cash. The returns, particularly of late, have been spectacular.

This is is our crony capitalist system.

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Allegations of pay (The Clinton Foundation) to play from former Clinton advisor

Dick Morris says that the United Arab Emirates has poured millions into the Clinton political machine. He says the gravy train started in 2002. Back when the Clintons were dead broke according to Ms. Clinton. (Sorry but I’m not going to forget that line from her.) A few million dollars from the Persian Gulf state I’m sure helped the destitute couple from Arkansas pay a few outstanding bills.

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