Since October 2021, it has either failed the flight test or scrubbed launches. Three years. The joint Army/Navy Dark Eagle Long Range Hypersonic Weapon, that despite the $8.3 billion in R&D invested in it have so far failed to successfully fire a single AUR, All...
spending
The Pentagon Follies Continue
The most expensive paper tiger in Earth's history. The F35 continues to bleed out the treasury for no return. The House Armed Services Committee draft version of the bill, released today, also includes $33.8 billion in defense spending at other federal agencies such...
Biden’s Sham Snickers Salvation Shtick
In 1896, Democratic Party presidential candidate William Jennings Bryan made a famous pro-inflation speech, proclaiming "you shall not crucify mankind upon a cross of gold" (and stable prices). In 2024, President Joe Biden is campaigning for re-election by denouncing...
Gold Is Doing Its Job
On Monday, the U.S. Commerce Department announced it was awarding Taiwan Semiconductor Manufacturing Company (TSMC) a $6.6 billion CHIPS Act subsidy for the fabrication of computer microchips in Phoenix, Arizona. TSMC will also receive up to $5 billion in low-cost...
News Roundup 4/11/2024
US News Bill to Extend Mass Surveillance Program Fails House Vote The Institute Biden Says He’s Considering Dropping Charges Against Julian Assange AWC Ukraine Biden Administration Has Undercounted Ukraine Spending By $14 Billion AWC Israel CNN Says Evidence Shows...
No, World War II Didn’t Cut Short the Depression
A principal goal of Stark Realities is to “expose fundamental myths across the political spectrum”—and few myths are as universally embraced as the notion that US participation in World War II (1941-1945) lifted the American economy out of the Great Depression. This...
IDF Officer: ‘We Are Demolishing Everything Before Entering’
A senior Israel Defense Forces (IDF) officer said that Tel Aviv is engaged in an overly wasteful war in Gaza. The soldier went on to estimate that Israelis could have achieved similar results against Hamas with only ten percent of the destruction inflicted upon the...
The Fed and the Fight for 2%
Last week, Jerome Powell & Co. met to issue an immediate decision regarding the status of the federal funds rate for March, and to provide some insight into the trajectory of monetary policy for the rest of 2024 and into 2025. As with the past few inflation...
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