We’re pleased to see movement in this direction from Jindal. We are even more pleased to see that the fight against crony capitalism is becoming a vital issue which candidates feel they must address in the upcoming 2016 election.
Well this is pretty interesting. I think most of us who are paying attention have lost a lot of faith in cash over the past few years, but it sure is something when the head of the Federal Reserve admits on camera that the dollar isn’t a “convenient” store of value.
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.
As a navy brat I moved around a lot. Sometimes we moved across oceans. Millions of other people have done the same thing. Most of us did not get a quarter of a million dollars to relocate however.
I didn’t need to see the ridiculousness of this past week to know that the GOP can’t be trusted to reduce spending. But the current Pentagon budget battle certainly illustrates the point.
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.
Goldman Sachs is a crony capitalist organization. That can be said with certainty.
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.
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.
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.