Peter McCormack discusses the latest developments in the world of Bitcoin. The most important news is that El Salvador moved to make Bitcoin legal tender, alongside the U.S. dollar, which McCormack says is huge for its viability as a mainstream currency. Bitcoin...
spending
7/2/21 Mark Perry on the Pentagon’s Latest Corporate Welfare Boondoggle
Mark Perry discusses the bizarre case of the Stryker, a vehicle used by the U.S. army to transport infantry troops to the battlefield. The Stryker, Perry explains, is a deathtrap: it isn't heavily armored enough to stand up to real combat, it rolls over easily and it...
Stagflation is Coming, Prepare Accordingly
The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive...
COI #123 – A Frozen Conflict Begins to Thaw: More War to Come?
On COI #123, Maj. Danny Sjursen returns to the show to discuss Daniel Ellsburg, the coup in Mali, and the potential for another war between Armenia and Azerbaijan. This week marked the 50th anniversary since the NYT began publishing the Pentagon Papers, leaked by the...
Stimulus Is Not the Answer to Your Economic Woes
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the...
News Roundup 6/9/21
US News IRS head Charles Rettis is asking Congress for more authority to regulate cryptocurrencies. [Link] Great Power The US plans to spend $152 million on a Romanian air base to make it a hub for NATO. [Link] The Senate passed a massive $250 billion dollar spending...
Biden Proposes Globally-Imposed Corporate Tax Rates
In a move that would primarily benefit the world’s largest economies and most bloated governments, the Biden administration has proposed that all the world’s countries agree to impose corporate taxes at a rate no lower than 15%. Biden also proposes punishing countries...
COI #117: Biden’s Pentagon Budget Is a Giveaway to the Military-Industrial Complex
On COI #117, Kyle Anzalone breaks down Biden's Pentagon budget proposal for FY 2022. The President is asking Congress to give $715 billion in taxpayer dollars to the military-industrial complex. The proposal calls for tens of billions to be spent on weapons systems...
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