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The government plan to turn us all into snitches. Whistleblowers help government collect billions in unpaid taxes WASHINGTON — Whistleblowers who helped the federal government collect $1.4 billion in unpaid taxes last year reaped a record $312 million in reward money...

The State of the American Debt Slaves, Q2 2019

Wolf Richter at Wolf Street. Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in the second quarter compared to...

News Roundup 8/8/19

News Roundup 8/8/19

US News  Former Secretary of Defense James Mattis returns to his position as a board member at General Dynamics. [Link] New SecDef Mark Esper says the US will not overreact to NK missile tests. [Link] Venezuela  Bolton said the US is ready to target countries that...

News Roundup 8/8/19

Bolton’s Economic War on Venezuela

On FPF #385, I cover the US economic war against Venezuela. The US imposed sanctions on Venezuela under Obama. After John Bolton joined the Trump administration as National Security Adviser, the US ramped up the economic war against Venezuela by sanctioning the state...

Venezuelan Sanctions are a Bad Idea

The Trump administration recently enacted sanctions against Venezuela, citing human rights abuses among its justifications. But if violations of human rights are a legitimate concern for the administration, then pursuing economic sanctions is bad policy. Research...

Sanctions Fail to Coerce Chelsea Manning

Despite facing another year in prison, and compounding fines Chelsea Manning refuses to comply with the demands of the justice department. Good for her!! Her refusal to blink in the face of persecution is nothing short of heroic!!

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