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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This is what globalized crony capitalism looks like, GE’s (former) CEO Jeff Immelt

He was one of the crony “kings” until yesterday. Once the toast of the Obama White House, (he headed the “Jobs Council”) the shareholders of General Electric gave him the ole’ heave ho earlier than expected.

Of course Immelt leaves the scene an extremely wealthy man and much of this wealth comes courtesy of US taxpayers.

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Son of NAFTA? : Trump agrees not to terminate NAFTA treaty ‘at this time,’ will attempt renegotiation: White House

NAFTA probably deserves to die outright. It is a crony arrangement and is a great example of how what is often called “free trade” is actually managed trade. Managed for vested interests that is. 

As Mises.org pointed out in 2015,

Murray Rothbard opposed NAFTA and showed that what the Orwellians were calling a “free trade” agreement was in reality a means to cartelize and increase government control over the economy.

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FLASHBACK —— Latest Wikileaks Releases Boost Case for DNC Class Action Lawsuit (Because the DNC allegedy rigged the primaries for Hillary)

Uh oh. No wonder they fired the entire DNC staff this week.

That this really happened and that a wounded mainstream meadia continues to try to push the Russian collusion narative at any and all cost is remarkable. The old media, the #cronymedia, and the Clintons thought they had it in the bag.

Boo, friggin, hoo for them.

Though Bernie was/is utterly clueless on economic issues, at least the guy doesn’t make you want to take a shower after shaking his hand.

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An amazing ad on Wall Street from 2012, We’re for “the 1% that matters.”

This is not the way to gain friends. Remember this was back when the bank bailouts were still fresh in the minds of the public. (They will ALWAYS remain fresh for me.)

I took a picture of this ad (for a personal security company) as it was right next to the venue at which I was speaking (on crony capitalism) on Wall Street.

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Trump tax cut doubts hit stocks (We need tax cuts and deregulation. The economy needs to breathe.)

Taxes need to be cut. That is key. That must happen. Deregulation needs to happen. That also is key. The economy needs these things so that it can breathe.

But between Ryancare and the “Russia” dog and pony show perpetuated by a delusional (and wounded) political class in Washington the market is worried about the future.

And then there is the $20 trillion in debt hanging out there because for some reason we find it impossible to cut government.

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“Growing levels of perceived corruption and social inequality provided fertile ground for the rise of populist politicians in 2016”

Perceived and REAL corruption. Particularly systematic, often legal corruption. A crony system that is gamed against the unconnected. Yeah, crony capitalism has a lot to do with the anger burning the Establishment around the world.

Technology and information have a lot to do with it too. Whereas before people largely just had to believe the official media narrative (the narrative “sea” through which we swim), now they can challenge what they are told by the information gate keepers.

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