Ron Paul explains the Subprime mortgage crisis and predicts the dollar collapse (VIDEO)

If you REALLY want to understand what happened in 2008 read Meltdown by Tom Woods. It’s not a tome. Quick read and common sense.

Everyday people would be wise to understand the basics of what is called “Austrian Economics.” The Austrians, not the people who run the Fed, or bobble along on CNBC and Bloomberg were the ones who were right about The Crash we saw in 2008 (and the Great Depression for that matter).

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Restaurant Die-Off Is First Casualty Of California’s $15 Minimum Wage

The good news is more people are cooking at home. I guess.

Look, reality is reality. Restaurants, many anyway, operate on thin margins. A forced higher wage means margins disappear as does the incentive to stay open.

If the work isn’t WORTH $15 an hour and the minimum wage is $15 an hour, that work will go away. It’s not complicated.

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Fed official in effect says that competition and lower prices for consumers are bad for the economy and must be offset by Fed policy!

Yeah, I mean who wants lower prices and a higher standard of living anyway right? Screw that. We want higher prices and less for each dollar we earn. That’s much better.

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Don’t Bail Out Failing States Like Illinois

Sounds like a case of the “Detroits.” Actually many cases of the Detroits.

The government is too big in these states. There are too many state employees. These employees want unrealistic pensions. (What’s a pension?) They lived like there was no tomorrow for decades and now “tomorrow” is here.

And we ain’t – I repeat are not, will not, ain’t – a’gonna bail you out.

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The Dow has rallied 3000 POINTS since Donald Trump was elected, Media silent

People seem confused by this rally. Really a rally on top of a Fed induced (to a very large extent) bull market extending back many years. How can this be, some wonder? Trump is bad news. How could the market tick up, solidly and definitively, in the wake of Trump’s election?

My feeling, and it is only this, and it is sure to contradicted by many a CNBC Squawk Box special guest, is that investors are just relieved that Obama is gone and that America dodged the Hillary bullet.

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The “I’ve paid in all my life” fallacy — Social benefits are often sold as insurance-based schemes. But they don’t work that way

If there is one thing that will get people worked up it’s talking about the real nature of Social Security.

Social Security is not an insurance product. It is pay as a society goes. Payroll taxes pay for people currently on Social Security. Then, one day the payers become payees. Or that’s how it’s supposed to work. But what happens when one generation (the baby boomers) is larger than the following generation?

And that’s just one of the giant problems that need to be confronted with Social Security.

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