Trump Proposes a Record $4.75 Trillion Budget (Thomas R.)
Senator Chuck Schumer of New York, the Democratic leader, called the proposal “a gut punch to the American middle class.” He said Mr. Trump’s requested cuts to Medicare, Medicaid and Social Security, “as well as numerous other middle-class programs, are devastating, but not surprising.”
With the 2020 campaign on the horizon, the blueprint gives Trump a chance to tout his attempt to fund conservative priorities and deliver deep cuts to domestic spending programs that would be popular with his political base.
Alongside a 5% boost to defense spending, the plan calls for $2.7 trillion in cuts to federal spending by slashing the budgets for a host of federal departments and agencies, including the Environmental Protection Agency, Department of Education and State Department, among others.
Little wonder some are ready to snap. “I have a two-year-old son. Yesterday evening there was nothing to eat,” Majorie says, visibly angry outside a supermarket in the Terrazas del Club Hípico neighbourhood in Caracas.
Government can mandate this and that, but it can’t force a negative return on investment (ROI) to magically become positive. Government can prohibit and tax and force outward compliance, but it can’t force people to agree with policies that run counter to their beliefs.
“Now Is the Time of Monsters” (thc0655)
It’s also true that, when empires get into economic trouble that’s too far gone for any viable solution, a trick that’s always employed by political leaders to keep the citizens from removing them from their seats of power, is to start a war. A people will, if they believe their homeland is in peril, accept the “temporary” removal of their freedoms.
The database, whose server is in China, included fields labeled in English for sex, age, education, marital status, as well as a column titled “BreedReady”, which could be a poor translation of Chinese terms to describe whether a woman has children or is of child-bearing age, observers noted. It was taken down late on Monday afternoon local time, according to Gevers.
For those new to reading my work, simply put, the Falling EROI is nothing more than the decline in vital net energy for the global economy. The United States was producing oil in the 1930s at a staggering 100/1 EROI. Thus, the oil industry delivered 100 barrels of oil to the market for the energy cost of one barrel. By 1970, this fell to 30/1 and today; the U.S. Shale Oil Ponzi Scheme is producing oil at less than 5/1 EROI.
If you’re an avid follower of the precious metals, then you no doubt noticed the tremendous rally that prices experienced over the 100 days from November 14 through February 20. Global equity market weakness, falling interest rates and a change in Fed policy all combined to send the COMEX gold price higher by 11.6%, from $1210 to $1350 over this time period.
The people at the highest levels of these institutions see each other socially and look after one another by doing each other favours because they not only serve together on the boards of directors of corporations, charitable organisations, and other bodies, but they also share a mutuality of life experiences, educational backgrounds, and economic situations. This self-interest is of course to the detriment of the American people who they derogatively refer to as the masses.
All are rebellions forming against a greedy, unsinkable establishment that has managed to stuff 80% or more of the nation’s wealth into the pockets of 10% of the people. So, that, to me, is where we need to focus our attention. We need to correct the deep economic flaws that are energizing all of this.
U.S. Oil Production Is Headed For A Quick Decline (Michael S.)
Data on bank lending and statistics issued by futures authorities provide some advance indication of the planning decisions of farmers. The amount of bank loans issued to them gives an indication of crop size. Increases in open interest for futures such as corn during the spring also provide a signal as to future production.
One scientist who read the paper published on Monday said it was not comprehensive enough to conclude that solar geoengineering – most likely involving spraying sulphur dioxide into the atmosphere, thereby mimicking gas from volcanoes and reflecting the sun’s heat – would be safe.
Some climate advocacy groups argue that banking on an unproven technology could hamstring efforts to reduce carbon dioxide still spewing from power plants and cars.
Gold & Silver
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