Tag Archives: What Could Possibly Go Wrong

Trump’s North Korea blockade threat amounts to illegal starvation

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“Not only would a US  blockade be an act of war, but it is one that would be responded to with retaliation from Pyongyang.  Assuming even a single North Korea missile is able to penetrate America’s missile defence shield which according to recently consulted experts, only has a success rate of about 50%, millions of Americans would die as a result.  If more people in the United States were exposed to this vital information about the provocative antics of their own government, it is highly likely that millions more Americans would join Russia and China in calling for an immediate de-escalation of tensions on the Korean peninsula.”

Read more: http://theduran.com/threatened-us-naval-blockade-north-korea-represents-illegal-starvation-nation/

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

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“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.”

Read more: http://www.thedailybell.com/news-analysis/warning-trumps-federal-reserve-pick-hates-gold-and-cash/

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

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“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.”

Read more: http://www.economicpolicyjournal.com/2017/12/insane-senate-bills-marginal-rates.html

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Millennials Get It Wrong about Socialism

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“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.”

Read more: https://fee.org/articles/millennials-get-it-wrong-about-socialism/

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China’s banks imperiled as property binge fuels mortgage fraud frenzy

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“Gravity-defying property prices in China have spawned widespread home-loan fraud as buyers fear missing out on what seems like a sure bet. Real estate agents, valuation companies and banks themselves are party to the scam.”

Read more: https://www.reuters.com/investigates/special-report/china-risk-mortgages/

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

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“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.”

Read more: http://www.newsweek.com/we-cant-attack-north-korea-its-against-law-727009

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Some Venezuelan Socialists Are Now Pushing for Free-Market Reforms

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“As Venezuela’s economy sinks deeper into depression with a fourth consecutive year of recession to go along with hyperinflation, some ruling socialist party members are raising their voices to call for reforms.”

Read more: https://www.bloombergquint.com/business/2017/11/30/some-venezuelan-socialists-are-pushing-for-free-market-reforms

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From North Korea, With Dread

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“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.”

Read more: https://www.nytimes.com/interactive/2017/11/28/opinion/columnists/missile-test-north-korea.html

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Alfred McCoy: The Future of the American Empire

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“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.”

Read more: https://www.thenation.com/article/alfred-mccoy-the-future-of-the-american-empire/

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In Baltimore, Residents Support Martial Law

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“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’…”

Read more: http://www.zerohedge.com/news/2017-11-22/out-control-genicide-baltimore-residents-support-martial-law

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