By: Jeff Deist In the period leading up to the US invasion of Iraq in 2003, the Bush administration and its media accomplices waged a relentless propaganda campaign to win political support for what turned out to be one of the most disastrous foreign policy mistakes in American history. Nearly two decades later, with perhaps a […]
Archives for May 2020
Maxine Waters blames Donald Trump for George Floyd’s death
It is evident that George Floyd’s death commands justice. The shocking and disturbing video of his forceful arrest should lead to the police being arrested and sentenced to prison without parole. But the courts will decide the officers’ fate. That said, on Wednesday night, rioters took to the streets and a nearby Target and looted […]
Swiss National Bank is now a hedge fund, adds 22% to portfolio of stocks
The Swiss National Bank (SNB) has gone from a central bank to a hedge fund, investing billions of dollars into the U.S. stock market. And if SNB’s Thomas Jordan’s remarks are anything to go by, the central bank is going to scoop up more shares to help weaken the franc. According to its balance sheet, […]
Ex-Federal Reserve president pushes basic income, tax cuts
Hey, two out of three ain’t bad! Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis from 2009 to 2015, is prescribing public policy panaceas to rescue the U.S. economy from the doldrums of the coronavirus pandemic. If you remember, last time he encouraged the Fed to adopt subzero interest rates. Now he is […]
Americans ditch gambling, spend coronavirus checks on stock market day-trading
By: Andrew Moran You just purchased 1,000 shares in Acme International at the opening bell for $3.29. Let the games begin. The stock moved up to $3.35! Should you sell? No, wait a bit longer. Darn! The stock tumbled to $3.28, and now it is down to $3.20. Why did you enter the market in […]