Check out: www.greatagain.gov
Specifically, scroll down the page to the bottom (blue section). Click each of the links (and read the section) under the center heading MAKE AMERICA GREAT AGAIN.
Sounds a lot like, "Mint the money and defend the borders."
Optimism...
Thursday, November 10, 2016
Wednesday, June 29, 2016
Brexit
I have been surprised by the crazy claims in the media about the impact of Britain leaving the EU (even though I know better than to hope for thoughtful coverage). Personally, I applaud the desire to be free of the central european government. On the other hand, the existence of the EU has coincided with a long peace (by European standards) and I have to wonder how long that will last if the Empire based in Brussels comes apart.
Here is an interesting take on the decision the UK made:
http://charleshughsmith.blogspot.com/2016/06/brexit-step-in-right-direction_28.html
Tuesday, March 8, 2016
The Fruits of Repealing the Glass–Steagall Act
This is not surprising. But, I am sad to say it probably isn't rare:
Weatherford has been in talks with JP Morgan Chase to re-negotiate its revolving credit facility -- the only thing keeping the company afloat. However, in a move that shocked the financial markets, JP Morgan led an equity offering that raised $565 million for Weatherford. Based on liquidation value Weatherford is insolvent. The question remains, why would JP Morgan risk its reputation by selling shares in an insolvent company? JP Morgan is head of a banking syndicate that has the revolving credit facility.JP Morgan and Morgan Stanley also happen to be lead underwriters on the equity offering. The proceeds from the offering are expected to be used to repay the revolving credit facility.
http://www.zerohedge.com/news/2016-03-08/oil-short-squeeze-explained-why-banks-are-aggressively-propping-us-energy-stocks
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