What Could Possibly Go Wrong

Warning: Trump’s Federal Reserve Pick Hates Gold and Cash

"Marvin Goodfriend thinks there should be a robust negative interest rate placed on cash. For example, if there was a -10% interest rate on cash, your $10 bill would actually be worth only $9. It is basically a penalty for using cash. The excuse is that this will stabilize the economy by keeping more capital in the banks. It means banks, and by extension, the Federal Reserve, have more control over your money. The gold standard, Goodfriend argues, was also an encumbrance on monetary policy, 'destabilizing' prices."

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Senate Tax Bill’s Marginal Rates Could Top 100% for Some

"The possible marginal tax rate of more than 100% results from the combination of tax policies designed to provide benefits to businesses and families but then deny them to the richest people. As income climbs and those breaks phase out, each dollar of income faces regular tax rates and a hidden marginal rate on top of that, in the form of vanishing tax breaks. That structure, if maintained in a final law, would create some of the disincentives to working and to earning business profit."

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Millennials Get It Wrong about Socialism

"I’m left to conclude that they have no appreciation for how socialism actually works in the real world. The economic track record of socialism is as dismal as its human rights record. But we need not direct Millennials to history books to see it. They need only look at what has happened to former socialist countries during their own lifetimes, as these countries have moved away from socialism and towards capitalism."

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We Can’t Attack North Korea. It’s Against the Law

"There was zero discussion at the hearing of the illegality of the U.S. attacking North Korea under the U.N. Charter. Yet as we learned from the Iraq War, there is great wisdom in the charter requirement that peaceful solutions, however difficult to achieve, take precedence over resorting to force."

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From North Korea, With Dread

"The risk of war is greater than the public appreciates. There’s a complacency surrounding this crisis, which has been kicked down the road by several American presidents. Now, with war more likely than ever, talks are even more urgent, and we hope this video can serve as a call for politicians on both sides to seek exit ramps for peace."

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Alfred McCoy: The Future of the American Empire

"Alfred McCoy was a young rebel academic who waded into the war zone in Southeast Asia to investigate the relationship between the CIA, crime syndicates, and local drug lords. The result, which the Agency tried unsuccessfully to suppress, was his classic The Politics of Heroin: CIA Complicity in the Global Drug Trade. In the 45 years since, McCoy has consistently probed the underside of American global power, analyzing how the United States uses covert interventions, local proxies, torture, and worldwide surveillance to maintain its global empire."

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In Baltimore, Residents Support Martial Law

"Neighborhoods are rotting away as the local economy crumbles giving way to a surge in homicides. Baltimore is on track for the worse year ever with a homicide rate the highest in the United States. Baltimore is home to about 615,000 people, but the city has more homicides than New York or Los Angeles, both of which have far larger populations. Earlier this year, Mayor Catherine Pugh called in the Federal Government in hopes to restore order. She was even quoted, 'violence in the city is out of control'…"

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US, S. Korea to stage massive air exercise in show of force against N. Korea

"The massive five-day annual exercise comes as Washington pushes what President Donald Trump has called a 'maximum pressure campaign' against Pyongyang over its nuclear programme. The exercise, named Vigilant Ace, starts on December 4 with 12,000 US personnel and an unspecified number of South Korean airmen flying more than 230 aircraft at eight US and South Korean military bases."

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These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

"'Buy bitcoin' is now a more popular search phrase than 'buy gold' on Google. The buzz is starting to impinge on gold’s role as a store of value especially since, like the precious metal, there’s a finite supply of bitcoin, which proponents say gives it anti-inflationary qualities. Sales of gold coins from the U.S. Mint slid to a decade low in the first three quarters months of 2017."

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