Category Archives: Economics

Odds & Ends

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Ireland has seen a recent spate of mob violence over the multiple stabbings of several children by Muslim migrants in Dublin.  Several buildings were burned where the illegal Muslim aliens were being housed in Ireland.  Numerous cars, trucks and buses were also torched.

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Winning

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A group of quiet, deliberate nationalists has taken the Netherlands by surprise.  No one saw this coming.  It is a bigger upset than the election in Argentina.  The Party for Freedom (PVV) won 37 seats in Parliament and now stand as the largest political force in the country.  Populist Geert Wilders is now on track to be the next prime minister.

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Odds & Ends

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New Jersey will phase out the sale of new gas-powered cars by 2035, joining states such as California and New York, Gov. Phil Murphy (D) announced Wednesday.  This goes hand in hand with the Left’s plan to reduce or eliminate the public’s ability to travel freely.

In the future that they envision for the rest of us, the only people who will be able to own a car are the wealthy and powerful. Everyone else will be expected to use public transportation.  Think back to Moscow in the days when the communists ruled the Soviet Union.

The Advanced Clean Cars II rule, set to take effect Jan. 1, comes amid a growing plethora of problems with EV’s.  Car makers are stuck with an inventory of EV’s that nobody wants despite the government’s campaign to coerce people into EV’s.  Major car companies are shuttering their EV production.

Congratulations to NJ for being late to the party.  In fact, the party is over when it comes to EV’s.

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Trajectories

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If there is one thing most elite politicians understand it is trajectories.  By trajectories, I mean the general trend of where history is headed.  This will often allow a politician to “evolve” on issues.  In the Republican Party, one of the clearest purveyors of trajectory thinking is Lindsey “Weather Vane” Graham, the Republican Senator from South Carolina.  Once Lindsey figures out where the prevailing sentiment on an issue is headed, he will most likely stake out a position in that direction.

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Highlights & Lowlights

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The collapse in Treasury bonds now ranks among the worst market crashes in history. Since March 2020, Treasury bonds with maturities of 10 years or more have plummeted 46%, Bloomberg says. That’s just under losses seen in the stock market when the dot-com bubble burst at the end of the last century. The bond rout is worse than the one seen in 1981 when the 10-year yield neared 16%.

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Our National Debt

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Some more insights from Rep. Ralph Norman about the debt problem that America has.  We must stop this asinine spending beyond our means.  If we don’t, the economy will collapse at some point.  And that point is not just on the horizon.  It is a lot closer than that.

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Government Shutdown

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A note from Rep. Ralph Norman (R-SC) on the current budget process.

Quick update this Tuesday morning from Washington. As many of you know, Congress is once again up against a deadline to pass legislation funding the federal government’s discretionary spending.

If you read no further, read this:

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Sanctuary Cities Plead “No Mas”

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A group of mayors from sanctuary cities (specifically NYC, Chicago, LA, Denver and Houston) are requesting that all US taxpayers support them as they try to cope with the impact of mass illegal alien arrivals.

They publicized themselves as being great humanitarians standing up for the downtrodden.  They interfered with attempts by federal officers from deporting such illegal aliens.  Many of those who were “saved” from deportation went on to commit crimes including murder and rape.  Their virtue signaling has created a surge in crime.

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White Smoke 

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It was a tradition in the Catholic Church that, when a new Pope had been elected, white smoke would emanate from the Vatican.  It did not matter how long such a process took.  It did not matter how many votes were needed.  It was over when white smoke was seen.

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