By: Scott Cosenza If Ghislaine Maxwell were a single mom who worked at a Walmart, she would likely be free on bail today. When Maxwell – the alleged accomplice of accused child sex trafficker Jeffrey Epstein – was denied bail on Tuesday, Judge Alison Nathan said her wealth and lack of gainful employment were to be […]
Citibank: 30% chance gold tops $2,000 within five months
It is anybody’s guess as to how high gold prices will climb in the pandemiconomy. The consensus is that it is only a matter of time before it hits $1,900 or $2,000. But what about anything above $2,000? Citibank wrote in a research note that there is a 30 percent probability that the precious metal […]
Africa’s perpetual poverty problem from socialism, protectionism
By: Germinal G. Van During the postcolonial period, most of the African countries which had opted for socialism as their economic system also adopted protectionism as an economic measure to favor certain politically preferred industries. Policymakers wanted to protect domestic industries from foreign competition through tariffs, subsidies, import quotas, or other restrictions or handicaps on the imports of foreign competitors. […]
WATCH: Rioters loot an Amazon store in Seattle
Didn’t Representative Alexandria Ocasio-Cortez (D-NY) recently tell us that people are rioting in the streets because they want bread? Well, it turns out that rioters are destroying property and looting stores for more than just bread. Case in point, here are Antifa members smashing the windows and vandalizing the exterior of an Amazon store in […]
U.S. overall delinquency rate surges to 6.1% in April
One of the least surprising developments in today’s pandemiconomy is the accelerating number of mortgage delinquencies. Despite households deferring their payments, it was only a matter of time before homeowners would fall behind on their mortgages. According to CoreLogic, the share of all mortgages that were past due soared to 3.4 percent in April. This […]