By: Andrew Moran Revered folk hero to urban, latte-sipping, militant leftists, Karl Marx is known mainly for his insipid commentary on capitalism and failed economic prescriptions for an egalitarian society. His seminal 1867 work of fiction, Das Kapital, has spawned generations of diehard Marxist disciples and many incoherent branches and schools of thought. But while the literal unwashed […]
Archives for June 2020
Federal Reserve buys $428 million in Walmart, Berkshire Hathaway debt
The Federal Reserve keeps bailing out Wall Street, and nobody seems to be noticing. This is becoming egregious, even for a corrupt institution like the U.S. central bank. When the Eccles Building announced it would start buying corporate bonds, the next question was: So, when will it begin to acquire stocks? Until it officially does, […]
U.S. government gifts big banks with relaxed Volcker Rule, $40 billion in freed up cash
Wall Street has just been given a big fat gift. United States banking regulators announced on Thursday that they will ease restrictions and regulations for the big banks and their investment portfolios with a couple of rule changes. The first is that banks will now be permitted to make larger investments in riskier funds, such […]
The left’s new strategy of racism credits, Soviet-style show trials
By: Andrew Moran Communism is gaining popularity in America today, especially among youth. When critics say that millennials are ignorant of what communism is, their actions suggest they are quite aware of the ideology’s horrors. The left has embarked upon an odious Kafka-esque crusade that integrates the social credit system of the Chinese Communist Party (CCP) and the infamous […]
REPORT: IRS wasted $22.7 million auditing tax returns with zero results
All eyes are on a new finding that the U.S. government sent $1.4 billion in $1,200 stimulus checks to dead people. Only can the state make such a disastrous mistake. But here is another discovery that is flying under the radar: Audits are a waste of money. According to a new report from the Treasury […]