The Trump Administration is following the playbook of Reaganomics. As part of its Reaganomics program, the Reagan Administration cut back sharply on the regulation of everything from monopoly and oligopoly to pollution and product safety, important elements that likewise effect the aggregate supply curve. Continue reading “Oligopolies and Monopolies”
Put on your macroeconomics hat and hold on for a wild, brain-stimulating ride as Lance dives into the GDP formula and explains the President’s monumental speech at the Asia Economic Summit in Vietnam last week.
This week’s show features commentary on President Trump’s monumental speech at the Asia Economic Summit in Vietnam last week.
Folks, this speech from the President was bigger than all other stories combined.
Russia expels US diplomats in retaliation for Congress increasing sanctions against Russia last week. Let’s just get it out of the way. Congress is stupid. Congress can’t act to help Americans who are suffering under a collapsing ObamaCare. Congress can’t help out Americans who are paying too much in taxes. Congress can’t even act to help the failing infrastructure across this country.
Folks I’m on the verge of exercising my constitutional right to take up arms against my government. Alright so maybe that’s not a constitutional right but it should be one! I’m thinking of Thomas Jefferson saying, “a little rebellion now and then is a good thing.”
Sanctions never should have been put against Russia for Ukraine. John “traitor” McCain and others in Congress worked with George Soros and the Obama Administration and used NGOs to destabilize Ukraine and oust an elected leader. It is illegal for the US government to use tax payers money to overthrow an elected leader.
Those inside the US government did it to gain control of the oil pipelines in Crimea and to move NATO missiles into the country to point at Russia.
Ukraine is right on the doorstep of Russia. How would we feel if China used NGOs to overthrow the government of Canada or Mexico so that they could control the flow of oil from Canada into the US and point missiles at us from across the border?
President Trump Is a Colossal Failure On Dealing With Russia
President Trump should have ended sanctions against Russia and apologized for what the former Administration and those in Congress like John McCain had done. Instead, Trump got manipulated by the Establishment like a school boy going to the restroom without a hall pass.
Looking at Federal Government tax revenue is an excellent way to measure the health of the economy. Most investors overlook using tax receipts as a way to cut through the political propaganda in the mainstream financial media and to see the economy the way it really is.
Federal Government Tax Revenue Dropping Fast
Government tax receipts are falling fast. In fact, the Washington Post (link above) reported last week that the Trump Administration has warned that because tax receipts are coming in so slowly, the government could run out of cash sooner than expected if the debt ceiling is not raised.
Democrats and Republicans ran this country into the ground by bringing this country to the edge of bankruptcy at $20 trillion in debt. But there’s more. Democrats increased government regulations and raised taxes at the same time to pay for those regulations. This has made the economy so weak (increased government regulations shift the supply curve inward) that now Federal government tax revenue is falling. Worse, we have the Democrat-appointed Janet Yellen raising rates into the weakening economy. That’s a really bad combination. I get the argument that the Federal Reserve needs to hike rates and push up bond yields to stop pension funds from collapsing. But that’s a big gamble by the Fed that could result in a bear market.