From Zerohedge Patrick Byrne the ex-CEO of Overstock sold his entire holding of stock totaling 90 million dollars. What did he do with the money? "...after paying tens of millions in taxes (after all, “We didn’t build that,” right?) by Friday the rest will be in...
economy
Real US Debt Levels Could Be 2,000% of Economy
Is that alot?
Wall Street Journal: Rich Get Richer
Due to government economic policy: The decadelong economic expansion has showered the U.S. with staggering new wealth driven by a booming stock market and rising house prices. But that windfall has passed by many Americans. The bottom half of all U.S. households, as...
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...
The F-35
It must be fate. The F-35 is the perfect plane for the American empire in the 2020s; the perfect expression of our "mixed" economy, of our values, our system, our way of life; Corrupt, broken, ridiculous, doomed.
Space Weapons, North Korea, & Citgo
On FPF #324, I break down several important news stories. An IG report shows billions of dollars were spent on the F-35 without oversight, and the US is planning to invest over $300 million on space lasers. The US will allow Citgo to make debt payments to Venezuela....
We Are Still Undergoing A Massive Stock Market Cycle Shift
Going into the end of last year and at the start of this year I released a series of videos in which I said that the stock market weakness last year and gyrations across multiple financial markets represented a major stock market cycle shift that would lead to a very...
Episode 190: ‘Trump Controls the Economy,’ ‘Tucker Hates Automation’ and ‘Abortion in a Libertarian Society’
72 Minutes Suitable for All Ages Pete did a youTube Livestream last week with Rollo and Slappy of "The Rollo and Slappy Show." They started off talking about the nature of co-ops but quickly pivoted to the topics contained within the title of this episode....
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