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Monday, 20 November

03:00

Judge Jeanine Blasts Jeff Sessions, 1894 The Still Report

- PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still Good morning, Im still reporting on: Judge Jeanine Blasts Jeff Sessions, 1894 Synopsis: Judge Jeanine Pirro blasted the Clintons and their Uranium One deal, but mostly from the aspect of why hasnt the Attorney General done something about it all. [insert : up to you should now.] This is the second time in a week that I have not agreed completely with Judge Jeanine. The first time was when she came out against Judge Roy Moore. I think Judge Pirro just got swept up in a tidal wave of opinion when the herd led by Mitch McConnell turned on Judge Moore. At this point, the evidence is clear that Judge Moore has been vindicated. But this second difference of opinion puts me out on an even more tenuous limb. This opinion will be counter to what most of you believe. I watched the entire Sessions appearance before the House Judiciary committee this week up until their break for a vote and lunch. I saw all the clips she just used of the various congress-folk all good people, interrogating Sessions - and although I know I could easily be wrong, Im thinking hoping that Sessions has this under control. I sympathize with Sessions because he is like myself not a good extemporaneous speaker when under any sort of pressure. [insert: I dont know what the problem is to Why isnt this in front of a grand jury?] Your Honor, with respect - but how do you know that it is not in front of a grand jury? Grand juries are typically conducted in secret.bb What if we are just so used to having a Justice Department which does everything wrong, that we arent being patient enough when things are being done right. There are rumors out there that 842 sealed indictments were issued by the Justice Department between Oct. 30 through November 10th. Of those, 323 are in California yup, thats a whopping 38%. If you throw in Washington, D.C., Maryland, and Northern Virginia where over 90% of the swamp-dwelling lobbyists live, thats an additional 15% of the total. If you throw in the New York City area and the Philadelphia area, thats another 138 sealed indictments, or 16% of the total. So, those 4 areas would represent 70% of these rumored indictments. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You C...

03:00

Judge Moores Signature Exposed - a Naked Forgery, 1892 The Still Report

- Virtual Shield VPN - the easiest way to create a home VPN. See the Black Friday SPECIAL, 20% OFF - Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: Judge Moores Signature Exposed - a Naked Forgery, 1892 Synopsis: The mystery behind the initials D.A. appended to Judge Roy Moores signature on his legal decisions have been cleared up. D.A. are the initials of his longtime legal secretary, Delbra Adams. The revelation, which came yesterday crushed Democrat hopes of taking Moore out of the Dec. 12th race to replace Sen. Jeff Sessions vacated seat. Delbra Adams worked for Moore for 13 years. She told Breitbart yesterday that she never saw or experienced any inappropriate conduct towards women. I think hes a good man. I dont believe any of this. I never saw anything like that out of him. Adams initials D.A. were mistakenly thought to be a part of Judge Moores name by someone amateurishly forging his signature in the high school yearbook of Moores latest accuser, Beverly Nelson. Nelson had a copy of Judge Moores signature because incredibly, he was the judge in her divorce, so she naturally had a copy of those divorce papers. Watch Gloria Allred being grilled about this by a real reporter who somehow became employed at MSNBC: [insert] Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. See the Black Friday SPECIAL, 20% OFF - Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, Call Tom @ 843-729-7837, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today,...

02:59

Trump Decreases Debt to GDP Ratio by more than 1%, 1893 The Still Report

- Trade Genius Academy: Learn the safe, sure way to trade. See our Black Friday Specials. https://www.TradeGeniusAcademy.com Good morning, Im still reporting on: Trump Decreases Debt to GDP Ratio by more than 1%, 1893 Synopsis: Good news on the economy. The Atlanta Fed announced yesterday that the 4th quarter GDP estimate shows growth jumped to an annualized 3.4%. The US Gross Domestic Product has increased each quarter in 2017, with 3rd quarter GDP Up to an annualized 19.5 Trillion dollars. On the other side of the debt-to-GDP ratio, President Trump has curtailed US spending. The result is that US debt-to-GDP ratio has decreased year to date from 105% to 104% No president in more than 50 years has decreased the debt-to-GDP ratio in his first year by more than 1%. The last president to do so was Nixon in 1969. Presidents Reagan and George W. Bush decreased the debt-to-GDP ratio in their first years in office, but by less than 1%. President Obama increased the debt-to-GDP ratio his first year by 15% and over his 8 years in office by 37%. Im still reporting from the one-time free speech capitol of the world. Good day. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamondGallery.com - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 https://preparewith.com/Bill.Still - Kangen Water, ionized, alkaline water, Call Tom @ 843-729-7837, website: https://www.TopShelfWater.com Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of...

02:40

Gold and Silver: Range-bound The Daily Coin

silver gold

Gold and Silver: Range-bound by Alasdair Macleod GoldMoney Gold and silver traded in narrow ranges this week, with gold up $7 from last Fridays close, at $1282 in early European trade this morning (Friday).On the same time scale, silver...

The post Gold and Silver: Range-bound appeared first on The Daily Coin.

02:37

Opposition to Judge Moore Crumbles, 1891b The Still Report

- Kangen Water, ionized, alkaline water, website: https://www.TopShelfWater.com Good morning, Im still reporting on: Opposition to Judge Moore Crumbles, 1891b Synopsis: White House Press Secretary Sarah Huckabee Sanders yesterday announced that President Trump will not ask Judge Roy Moore to withdraw from the Dec. 12th special election to replace Jeff Sessions as one of Alabamas two Senators. That is a decision the people of Alabama need to make, not the president. President Trump endorsed Moore after Moore trounced State Senator Luther Strange in the GOP primary. As the credibility of the stories of the accusers of Judge Moore one-by-one dissolve away like the wicked witch in the Wizard of Oz, the Alabama Republican partys executive committee met yesterday to discuss what their position would be going forward. Senate Majority Leader Mitch McConnell had pressured the state party to do something to drive Moore from the race. This mornings The Hill reported that an unnamed source close to McConnell painted a picture of gloom and doom if Moore is allowed to remain. The Alabama Republican Party has to come to grips with the fact that theyre going to lose that seat. Why? A new poll commissioned by the National Republican Senatorial Committee (NRSC) was taken on Sunday a day before support for Moores accusers began to crumble. It claims Moore is trailing the far-left Democrat candidate by 12 points. Nevermind that the sample size of the NRSC poll may have been restricted to Democrats and blood relatives of Mitch McConnell and John McCain. No, fake polls have not gone away and they are still daily reported as fact by every single unit of the mainstream media. We have done many reports on fake polls and how they are done. Please see reports #986, 1096, 1197, 1304, but especially my last report before the 2016 election, #1314. So does anyone with a lick of common sense actually believe that a far leftist sacrifice candidate will take out the most popular judge in Alabama history? No way. The Alabama Republican party in essence told Senator McConnell and the rest of the Washington swamp-dwelling RINO herd to forget it. They decided to do nothing. The election will go on as scheduled. Their decision left Senate Majority Leader Mitch McConnell with no way to disqualify Moore from the race. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - Nobel Gold: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ - Trade Genius Academy: Learn the safe, sure way to trade. https://www.TradeGeniusAcademy.com - Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; https://www.SeaShellDiamon...

02:15

Justice with Judge Jeanine Pirro w/ Tom Fitton, Judicial Watch (Video) The Daily Coin

Justice with Judge Jeanine Pirro w/ Tom Fitton, Judicial Watch Video Fox News TDC Note Judge Jeanines Open is, as always, hard hitting and on point. If youre short for time Tom Fitton begins at the 10:30 mark....

The post Justice with Judge Jeanine Pirro w/ Tom Fitton, Judicial Watch (Video) appeared first on The Daily Coin.

01:50

Central Bankers Met In New York For Ripple Event; Ripples CEO Believes Adoption Is Inevitable The Daily Coin

Central Bankers Met In New York For Ripple Event; Ripples CEO Believes Adoption Is Inevitable from Coinivore Ripple worked recently on a blockchain distributed ledger trial with the Bank of England after earlier this month hosting officials from more than...

The post Central Bankers Met In New York For Ripple Event; Ripples CEO Believes Adoption Is Inevitable appeared first on The Daily Coin.

01:25

A Perfect Storm for Silver Steve St Angelo (Video) The Daily Coin

A Perfect Storm for Silver Steve St Angelo Video Silver Fortune An interview with Steve St. Angelo of the SRS Rocco Report. This includes discussion about precious metals, the energy sector, and a potentially groundbreaking project that Steve...

The post A Perfect Storm for Silver Steve St Angelo (Video) appeared first on The Daily Coin.

01:00

Is Satire Fakenews? How Fact-Checkers Peddle Snake-Oil The Daily Coin

Is Satire Fakenews? How Fact-Checkers Peddle Snake-Oil from Moon of Alabama Since the issues of alleged fake news and Russian influence have cropped up, several media institutions highlight their public fact-checkers. Social media companies hire them to filter fake...

The post Is Satire Fakenews? How Fact-Checkers Peddle Snake-Oil appeared first on The Daily Coin.

00:35

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom The Daily Coin

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom By: Gary Tanashian  Market Oracle This was going to be part of an NFTRH update, but I decided to make it public, as well have plenty of other...

The post Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom appeared first on The Daily Coin.

00:10

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Sunday, 19 November

23:45

Humans Are Trying to Make Contact with Aliens on a Nearby Super Earth The Daily Coin

Humans Are Trying to Make Contact with Aliens on a Nearby Super Earth by Josie Wales  The Anti-Media In case anyone missed it due to the raging political wars consuming the consciousness of many inhabitants of Earth, the discovery of...

The post Humans Are Trying to Make Contact with Aliens on a Nearby Super Earth appeared first on The Daily Coin.

23:25

Thrasher and Gaus on the Calculus of Consent Marginal REVOLUTION

Writing for the The Oxford Handbook of Classics in Contemporary Political Theory, political philosophers John Thrasher and Gerald Gaus review Buchanan and Tullocks The Calculus of Consent:

Calculus advances new methods in an attempt to solve an old problem: the problem of
democratic justification. While democracy claims to be the rule of the people in any
actual democratic system we actually find the rule of some people over others. More
formally, the winning coalition in any election is able to impose its authority on the losers.
This is true however large the majority happens to be, and however small the minority is,
unless the vote is unanimous; and even then, there may be an excluded minority of those
who did not or could not vote. Yet at the heart of the democratic ideal is the principle that
all are inherently free and equal, with no natural authority to rule over one another. How
odd then to start from freedom and equality and end with majority coalitions imposing
their policies on minorities merely because they have the numbers to do so. Once we see
this oddity we are confronted with the question: how could the authority of democratic
assemblies over free and equal persons be justified? This is the problem of democratic
justification, a problem that animates Calculus.

A feature of Calculus typically missed is its optimism. Public choice theory is commonly
characterized as anti-democratic, or as undermining faith in the democratic process
(Barry 1989; Christiano 1996, 2004). Rightly understood though, Calculus is an almost
giddy endorsement of democracy (of a specific form) in the face of what looked like dire
prospects for democratic theory.

The post Thrasher and Gaus on the Calculus of Consent appeared first on Marginal REVOLUTION.

23:15

USAID and Wall Street: Conflicts, Coups, and Conquest The Daily Coin

USAID and Wall Street: Conflicts, Coups, and Conquest by Tony Cartalucci Land Destroyer In 1928 when the US-based United Fruit Company now known as Chiquita Brands International faced labor issues in Columbia, it had at its disposal Colombian...

The post USAID and Wall Street: Conflicts, Coups, and Conquest appeared first on The Daily Coin.

23:00

10 Sunday Reads The Big Picture

My easy like Sunday morning reads:  The Robot Revolution Is Coming. Just Be Patient. (BloombergView)  This Market Isnt Ready to Surrender (Barrons)  Data Suggests Women Are Better (Behaved) Investors (Betterment)  5 Flaws That Kill Student Loan Collection Lawsuits (New York Times) Inside Googles Struggle to Filter Lies from Breaking News (BloombergTechnology) see also Google Has Picked

Read More

The post 10 Sunday Reads appeared first on The Big Picture.

...

22:45

WalMart Sells Silver Shield Den of Thieves Bars (Video) The Daily Coin

WalMart Sells Silver Shield Den of Thieves Bars Video Truth Never Told TDC Note Normally we wouldnt publish this type of material but it is too good to pass up. Video Source

The post WalMart Sells Silver Shield Den of Thieves Bars (Video) appeared first on The Daily Coin.

22:15

Lavrov Throws Washington a Bone over ISIS Collusion The Daily Coin

Lavrov Throws Washington a Bone over ISIS Collusion by Tom Luongo  Russia-Insider Russian Foreign Minister Sergei Lavrov hasnt become the worlds most respected diplomat without cause.  His recent statement, carried by Russian news agency ITAR-TASS, leaves open the avenue for a face-saving...

The post Lavrov Throws Washington a Bone over ISIS Collusion appeared first on The Daily Coin.

21:45

The two things that can pop the ICO bubble (Podcast) The Daily Coin

The two things that can pop the ICO bubble Podcast by Simon Black Sovereign Man In todays podcast, I tackle the subject of Initial Coin Offerings (ICOs). Regular readers know Im skeptical of cryptocurrencies. And I think many ICOs...

The post The two things that can pop the ICO bubble (Podcast) appeared first on The Daily Coin.

21:15

Judge Moores Signature Exposed a Naked Forgery (Video) The Daily Coin

Judge Moores Signature Exposed a Naked Forgery Video Bill Still The mystery behind the initials D.A. appended to Judge Roy Moores signature on his legal decisions have been cleared up. D.A. are the initials of his longtime legal...

The post Judge Moores Signature Exposed a Naked Forgery (Video) appeared first on The Daily Coin.

21:04

Debt Rattle November 19 2017 The Automatic Earth

Wyland Stanley Pontiac coupe at San Francisco Palace of Fine Arts 1935   A Fiscal Disappointment Tax Bill (Lebowitz) Mt. Goxs Bitcoin Customers Could Lose Again (R.) The Coming Economic Downturn In Canada (MN) How a Half-Educated Tech Elite Delivered Us Into Chaos (Naughton) Europe Turns On Facebook, Google

The post Debt Rattle November 19 2017 appeared first on The Automatic Earth.

20:45

Louis Vuitton Handbags Murdered to Make Gold Toilet The Daily Coin

Louis Vuitton Handbags Murdered to Make Gold Toilet from Schiff Gold At SchiffGold, we pride ourselves on being a full-service precious metals dealer, and my Fun on Friday column is no exception. I want to make sure Im providing you all...

The post Louis Vuitton Handbags Murdered to Make Gold Toilet appeared first on The Daily Coin.

20:42

Russia blocks UN draft on Syria, cites Western bias The BRICS Post

Russia has vetoes 11 draft resolutions on Syria which it says are unfair and biased, often following fabricated evidence [Xinhua]


Russia has for the second time this week vetoed a draft resolution in the Security Council aimed at renewing the mandate of the Joint Investigative Mechanism (JIM), which investigates chemical weapons attacks in Syria.

The vetoed drafted presented by Japan to the Security Council on Saturday was designed to give JIM a temporary extension to continue its work.

It was a compromise draft that was meant to bridge differences between Russia and the US after Moscow vetoed a resolution on JIM on Friday.

Russian Ambassador to the UN Vassily A. Nebenzia said that Moscow could not support extending JIMs mandate because it had been biased and largely implementing an anti-Syria agenda imposed by Western countries.

There can be no other way after the JIMs [the UN-OPCW Joint Investigative Mechanism] leadership disgraced itself with its fictitious investigation into the sarin use incident in Khan Shaykhun and signed off on baseless accusations against Syria, he said.

In a September (and again in October) report, JIM had accused Syria and Russia of using chemical weapons against civilian centers in the city of Khan Shaykun last April.

Moscow had then accused the group of fabricating events; both Damascus and Moscow denied being involved in a chemical weapons attack and instead blamed Islamist extremist rebel groups for storing such armaments in civilian areas.

But JIM has generally blamed both sides for the use of illicit weapons during the seven-year Syrian civil war.

Bolivia also voted against the Japanese draft resolution, while China abstained.

The Russian veto sparked criticism from US Ambassador to the UN Nikki Haley: In a world in which the councils time and attention could be productively devoted to 100 different things, Russia is wasting our time, Ambassador Nikki R. Haley of the United States said after Russias latest veto was cast.

Russia can obstruct this council but it cant obstruct the truth.

Yet Russian officials maintain that JIM has been plagued with systemic deficiences and that its methods of operations and gathering evidence are flawed.

It warned that the mechanism needed significant and comprehensive overhaul in order to be a legitimate UN apparatus for fact-finding.

The BRICS Post with inputs from Agencies

20:15

What Happens When Quantum Computing and AI Merge? The Daily Coin

What Happens When Quantum Computing and AI Merge? from Financial Sense Theres a global arms race among companies and nations to achieve supremacy in both quantum computing and AI, Woody Preucil at 13D Research recently explained to Financial Sense Newshour...

The post What Happens When Quantum Computing and AI Merge? appeared first on The Daily Coin.

19:45

3 TROUBLING SIGNS OF THE EXPANDING WAR ON CHILDRENS HEALTH The Daily Coin

3 TROUBLING SIGNS OF THE EXPANDING WAR ON CHILDRENS HEALTH by ALEX PIETROWSKI The Daily Sheeple There are some disturbing trends developing in childrens welfare, tell-tale signs of which are emerging from mainstream media sources. Its an assault on the...

The post 3 TROUBLING SIGNS OF THE EXPANDING WAR ON CHILDRENS HEALTH appeared first on The Daily Coin.

19:25

As US Fuels War Crimes in Yemen, House Says US Involvement is Unauthorized naked capitalism

House passes non-binding resolution on US role in war in Yemen; the measure fails to confront the magnitude of the humanitarian crisis there.

19:15

The US/China Deal The Cabal Didnt Want You To Know About: Harley Schlanger (Video) The Daily Coin

The US/China Deal The Cabal Didnt Want You To Know About: Harley Schlanger Video X22 Report Video Source

The post The US/China Deal The Cabal Didnt Want You To Know About: Harley Schlanger (Video) appeared first on The Daily Coin.

18:54

How to fix racial bias in policing Marginal REVOLUTION

We estimate the degree to which individual police officers practice racial discrimination. Traffic police regularly discount the charged speed on drivers tickets to avoid a discrete jump in the fine schedule. This behavior leads to an excess mass in the distribution of charged speeds just below the jump. Using a bunching estimation design and data from the Florida Highway Patrol, we show that minorities are less likely to receive this break than white drivers. We disaggregate to the individual police officer level and find significant heterogeneity across officers in their degree of discrimination, with 40% of officers explaining the entirety of the aggregate discrimination. Our measure of discrimination is easy to calculate and can be used by police departments as part of an early warning system. Using a simple personnel policy that reassigns officers across locations based on their lenience, departments can effectively reduce the aggregate disparity in treatment.

While 40% is a high number, overall I find that reassuring. That is from the job market paper of Felipe Goncalves, of Princeton University.

The post How to fix racial bias in policing appeared first on Marginal REVOLUTION.

17:15

Doug Casey on the Destruction of the Dollar The Daily Coin

Doug Casey on the Destruction of the Dollar by Justin Spittler Casey Research Justins note: Today, Casey Research founder Doug Casey explains the major problems with todays political solutionsand why its more irresponsible than ever to count on them....

The post Doug Casey on the Destruction of the Dollar appeared first on The Daily Coin.

17:05

How I stopped worrying and learned to love Amazon The Daily Coin

How I stopped worrying and learned to love Amazon by AGXIIK While I dont trade Amazon or buy from this company, an article from Michael Krieger of Liberty Blitzkrieg, posted on Zero Hedge, caught my eye. It lead me to...

The post How I stopped worrying and learned to love Amazon appeared first on The Daily Coin.

16:49

This seems whacky, yet I cannot refute it (from the comments), tax incidence department Marginal REVOLUTION

Here is an unrelated topic, but part of the general topic of tax incidence. Do federal employees pay income tax on their wages? I know they do nominally, but that tax goes back to their employer, the federal government. So, doesnt that mean that, while their actual salary may be lower than their official nominal salary, they actually dont pay any tax? (NB: this is quite different from a private sector employee whose after-tax salary is less than the pre-tax salary. In that case, the difference between the two does *not* go to the employer, creating a gap between what the employer pays and what the employee receives.)

For example, suppose a private firm and the federal government both value a workers output at $100k/yr and the tax rate is 20%. The private firm offers the worker $100k and the worker receives $80k after paying taxes. The federal government, however, can offer the worker $125k in nominal salary, *knowing that it will receive $25k back in income tax*. The net result is that the federal government pays $100k and the worker receives $100k after taxes, i.e., the worker earns $100k tax free, $20k more than he or she would earn at the private firm. Another way of seeing this is to note that taxes paid by employees are economically equivalent to taxes paid by employers. So, if employers received rebates for income taxes paid by employees, then the net income tax would be zero. Well, the federal government *does* receive a rebate for all income taxes paid by employees!

Doesnt this mean that taxes are doubly distortive? Not only do they discourage employment by creating a gap between what (private) employers pay and what workers receive the usual cited distortion they also distort the *composition* of the workforce by allowing the federal government to crowd out other employers.

That is from BC.

The post This seems whacky, yet I cannot refute it (from the comments), tax incidence department appeared first on Marginal REVOLUTION.

15:45

Uranium One Investigation Is Heating Up Avalanche To Start Dropping On Hillary Clinton By Monday The Daily Coin

Uranium One Investigation Is Heating Up Avalanche To Start Dropping On Hillary Clinton By Monday by Susan Duclos All News Pipeline John Solomon, one of The Hill writers that published a blockbuster report back in mid-October that there...

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15:20

The Kecksburg UFO Incident | The Conspiracy Files (Video) The Daily Coin

The Kecksburg UFO Incident | The Conspiracy Files Video AllTime Conspiracies In December 1965, a UFO crashed in Kecksburg, Pennsylvania. Government authorities swiftly confiscated the object. What exactly fell to Earth? Martin and Robin look at all the available...

The post The Kecksburg UFO Incident | The Conspiracy Files (Video) appeared first on The Daily Coin.

14:55

Shock: Black Death Patients Are ESCAPING The Hospital Over Fear Of Needles As Officials Worry Plague Could Spread The Daily Coin

Shock: Black Death Patients Are ESCAPING The Hospital Over Fear Of Needles As Officials Worry Plague Could Spread by Alex Thomas SHTFPlan Patients in Madagascar who are currently suffering from the plague have escaped multiple hospitals in the area over...

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14:40

Great Migration: 168,000 people Move From Puerto Rico to Florida The Daily Coin

Great Migration: 168,000 people Move From Puerto Rico to Florida by Mike Mish Shedlock The Maven The migration rivals those from New Orleans to Houston after Hurricane Katrina and from Cuba to Miami during the Mariel boatlift according to...

The post Great Migration: 168,000 people Move From Puerto Rico to Florida appeared first on The Daily Coin.

14:15

US Special Forces Provide Secret Cover For ISIS Retreat in Syria (Video) The Daily Coin

US Special Forces Provide Secret Cover For ISIS Retreat in Syria Video Russia-Insider Large ISIS combat units equipped with heavy weaponry and vehicles withdrew to the area controlled by Americans. According to Russias Ministry of Defense, the coalition aviation...

The post US Special Forces Provide Secret Cover For ISIS Retreat in Syria (Video) appeared first on The Daily Coin.

13:45

Federal Reserve Controls Coinbase, Coindesk, Kraken, Ripple The Daily Coin

Federal Reserve Controls Coinbase, Coindesk, Kraken, Ripple By Justin Danneman  Squawker My previous article focuses more on the central banker connections with Bitcoin and Bitcoin Cash, however I felt that exposing more of their connections is warranted. As an investor knowledge...

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13:15

5 Steps To Retiring Rich (Step 3) The Daily Coin

Retirement Dreams Becoming Nightmares

5 Steps To Retiring Rich (Step 3) by Nilus Mattive Daily Reckoning Part 1 Click Here Part 2 Click Here So far in this special series on retirement accounts weve talked about: Step 1: The two basic types of...

The post 5 Steps To Retiring Rich (Step 3) appeared first on The Daily Coin.

13:00

The Problem With Apu The Big Picture

In The Problem With Apu, South Asian-American comedian Hari Kondabolu confronts his long-standing nemesis Apu Nahasapeemapetilon better known as the Indian convenience store owner on The Simpsons. Creator and star Kondabolu discusses how this controversial caricature was created, burrowed its way into the hearts and minds of Americans, and continues to exist intact

Read More

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...

12:45

Danielle DiMartino Booth: A Sea Change Could Be on the Feds Horizon (Video) The Daily Coin

A Sea Change Could Be on the Feds Horizon Video Grant Williams Three contributors to the Real Vision Think Tank discuss their views on the most important areas upon which investors should currently be focusing. Maleeha Bengali of MB...

The post Danielle DiMartino Booth: A Sea Change Could Be on the Feds Horizon (Video) appeared first on The Daily Coin.

12:15

You Have Been Warned The Daily Coin

You Have Been Warned by Lance Roberts Real Investment Advice Investors arent paying attention. There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market. Lets take a look...

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11:45

BITCOINS SUCCESS IS EXCELLENT NEWS FOR GOLD The Daily Coin

BITCOINS SUCCESS IS EXCELLENT NEWS FOR GOLD BY PHILIPPE HERLIN  GoldBroker 2017 isnt over yet but one could say, without a doubt, it has been a good year for Bitcoin from 1,000 dollars at the start of January to more...

The post BITCOINS SUCCESS IS EXCELLENT NEWS FOR GOLD appeared first on The Daily Coin.

11:15

Images 19/11/17 Follow The Money

the latest from snoop dogg..er..lion..erm..dogg again..

...

11:15

Keiser Report: Will Weapons of Mass Financial Destruction Be Used against Qatar? (Video) The Daily Coin

Keiser Report: Will Weapons of Mass Financial Destruction Be Used against Qatar? Video RT In this episode of the Keiser Report Max and Stacy discuss the bizarre documents leaked to TheIntercept.com exposing an alleged financial plan to attack Qatar...

The post Keiser Report: Will Weapons of Mass Financial Destruction Be Used against Qatar? (Video) appeared first on The Daily Coin.

10:48

Putin Delivers Over Two Thousand Tonnes Of Humanitarian Aid To Syrias Golan Heights Region Of Daraa: U.N. Demands Israel Leave Golan Heights Political Vel Craft

KHMEIMIM /Syria/, November 18. /TASS/. Russian officers have delivered more than 2,000 tonnes of humanitarian aid to residents of the populated locality of Al-Shakrahiyah in the Syrian region of Daraa, Chief of the Russian center for reconciliation of opposing sides in Syria General Sergei Kuralenko said at a daily briefing on Saturday. The Russian center []

10:45

U.S. Treasury Becomes a Laughing Stock The Daily Coin

U.S. Treasury Becomes a Laughing Stock By Pam Martens and Russ Martens Wall Street on Parade U.S. Treasury Secretary Steven Mnuchin appears to have inaugurated a perpetual bring your wife to work day. Its become so farcical that it frequently...

The post U.S. Treasury Becomes a Laughing Stock appeared first on The Daily Coin.

10:15

US Congressional hearing: Former FBI agent says tech companies must silence sources of rebellion The Daily Coin

US Congressional hearing: Former FBI agent says tech companies must silence sources of rebellion By Andre Damon The Greanville Post Top legal and security officials for Facebook, Twitter and Google appeared before the Senate Judiciary Committee Tuesday, in a hearing...

The post US Congressional hearing: Former FBI agent says tech companies must silence sources of rebellion appeared first on The Daily Coin.

09:45

How Banks, Investment Companies, and the Stock Market Are RIPPING YOU OFF Right Now! (Video) The Daily Coin

How Banks, Investment Companies, and the Stock Market Are RIPPING YOU OFF Right Now! Video The Money GPS Video Source

The post How Banks, Investment Companies, and the Stock Market Are RIPPING YOU OFF Right Now! (Video) appeared first on The Daily Coin.

09:43

Have You Lost Your Mind? (Preview) Jim Sinclair's Mineset

Dave asks the question have you lost your mind? One of our more interesting, yet down to basics recordings. A gold subscription gives you access to Bill Holters full articles and a weekly discussion video posted on the weekend. If you would like to purchase a subscription please go to https://www.jsmineset.com/membership-account/membership-checkout/?level=1 If you wish to... Read more

The post Have You Lost Your Mind? (Preview) appeared first on Jim Sinclair's Mineset.

09:15

Shocking CDC Tests Reveal 3,800 US Water Supplies Up To 400% MORE Contaminated Than Flint The Daily Coin

Shocking CDC Tests Reveal 3,800 US Water Supplies Up To 400% MORE Contaminated Than Flint by John Vibes The Free Thought Project An investigation found that Flint, Michigan ranks nowhere near the top when it comes to lead in...

The post Shocking CDC Tests Reveal 3,800 US Water Supplies Up To 400% MORE Contaminated Than Flint appeared first on The Daily Coin.

09:05

FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal The Daily Coin

FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal from iBankCoin via ZeroHedge An undercover FBI informant in the Russian nuclear industry who was made to sign an illegal NDA by former AG Loretta...

The post FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal appeared first on The Daily Coin.

08:45

Peppermint and Ginger Are Wonderful Healing Herbs For Self-Care The Daily Coin

Peppermint and Ginger Are Wonderful Healing Herbs For Self-Care By Dayna Colvin  Natural News Peppermint and ginger are two of my favorite healing herbs. I discovered peppermint when I was 10 years old and I have used it all my life...

The post Peppermint and Ginger Are Wonderful Healing Herbs For Self-Care appeared first on The Daily Coin.

08:37

What Is The PM Community To Think? (Preview) Jim Sinclair's Mineset

This is coming out later than planned as my week was one of total disarray. My lovely wife decided on a little fixer upper project that required all furniture in the house to be removed. As a mental picture, I have been relegated to the outdoors with our 4 dogs during working hours and get... Read more

The post What Is The PM Community To Think? (Preview) appeared first on Jim Sinclair's Mineset.

08:15

Whats About to Happen (Video) The Daily Coin

Whats About to Happen Video The Crow House Max Igan The illusion of freedom will continue for as long as its profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they...

The post Whats About to Happen (Video) appeared first on The Daily Coin.

08:00

07:45

Gold, Interest Rates and Super Cycles The Daily Coin

Gold, Interest Rates and Super Cycles by Jim Rickards Daily Reckoning When the Fed raised interest rates last December, many believed gold would plunge. But it didnt happen. Gold bottomed the day after the rate hike, but then started...

The post Gold, Interest Rates and Super Cycles appeared first on The Daily Coin.

07:15

Magic Wand: Russia Buying Gold at Record Pace, Unlikely to Lose Momentum The Daily Coin

Magic Wand: Russia Buying Gold at Record Pace, Unlikely to Lose Momentum from Sputnik News Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests...

The post Magic Wand: Russia Buying Gold at Record Pace, Unlikely to Lose Momentum appeared first on The Daily Coin.

06:49

[KR1151] Keiser Report: Will Weapons of Mass Financial Destruction Be Used against Qatar? Max Keiser and Stacy Herbert

In this episode of the Keiser Report Max and Stacy discuss the bizarre documents leaked to TheIntercept.com exposing an alleged financial plan to attack Qatar with weapons of mass financial destruction. In the second half Max continues his interview with Max Blumenthal about #russiagate, #TheResistance, AIPAC and more.

06:45

Mercenary Inside the Delano Las Vegas Shooting Investigation Part 41 (Video) The Daily Coin

Mercenary Inside the Delano Las Vegas Shooting Investigation Part 41 Video End Times News Report While action was taking place in the top of the Mandalay Bay during the Las Vegas Shooting, something else was playing out...

The post Mercenary Inside the Delano Las Vegas Shooting Investigation Part 41 (Video) appeared first on The Daily Coin.

06:15

Stocks and Precious Metals Charts The Willful Mispricing of Risk The Daily Coin

Stocks and Precious Metals Charts The Willful Mispricing of Risk by Jesse Jesses Crossroads Cafe TDC Note When I saw the image Jesse had created I knew it was going to be a good one he...

The post Stocks and Precious Metals Charts The Willful Mispricing of Risk appeared first on The Daily Coin.

05:45

Please Contribute To The 2017 Michael Snyder For Congress Money Bomb The Daily Coin

Please Contribute To The 2017 Michael Snyder For Congress Money Bomb by Michael Snyder The Economic Collapse Blog TDC Note We are making our contribution today. We hope you will consider supporting Michaels efforts. Not sure that voting...

The post Please Contribute To The 2017 Michael Snyder For Congress Money Bomb appeared first on The Daily Coin.

05:15

COMEX Record Trading Volumes vs Retail Bullion Buyer Capitulation | iGoldAdvisors Christopher Aaron (Video) The Daily Coin

COMEX Record Trading Volumes vs Retail Bullion Buyer Capitulation | iGoldAdvisors Christopher Aaron Video Silver Doctors Interview Highlights include: Chris background and public entrance into precious metals analysis Why technical analysis matters regardless of potential manipulation ...

The post COMEX Record Trading Volumes vs Retail Bullion Buyer Capitulation | iGoldAdvisors Christopher Aaron (Video) appeared first on The Daily Coin.

05:14

Russia Did It and Other Crimes The Daily Coin

Russia Did It and Other Crimes by Rory The Daily Coin We havent had a system of capitalism since the Federal Reserve and Woodrow Wilson hijacked the US Treasury and US economy in 1913. Our financial, monetary and economic...

The post Russia Did It and Other Crimes appeared first on The Daily Coin.

04:45

President Trumps Biggest Blunder The Daily Coin

President Trumps Biggest Blunder by Dave Hodges The Common Sense Show AG Sessions has announced that he is refusing to prosecute Wasserman Schultz and Lois Lerner despite overwhelming evidence against them. Didnt President Trump promise to drain the swamp?...

The post President Trumps Biggest Blunder appeared first on The Daily Coin.

04:42

In The News Today Jim Sinclair's Mineset

Bill Holters Commentary I think the word ungrateful comes to mind. Does he have any idea what the punishment would have been had these young men gone through the legal process in China? LaVar Ball on Trumps role in getting UCLA players released in China: Who?November 18, 2017 LaVar Ball, whose son was one of... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

04:15

Islamic Indoctrination Speaker Canceled By CT Public School Due To Parental Outrage & Community Backlash The Daily Coin

Islamic Indoctrination Speaker Canceled By CT Public School Due To Parental Outrage & Community Backlash by Tim Brown Freedom Outpost A Connecticut public middle school canceled the indoctrination by an Islamic speaker after parents were outraged and there was...

The post Islamic Indoctrination Speaker Canceled By CT Public School Due To Parental Outrage & Community Backlash appeared first on The Daily Coin.

04:03

The Great Retirement Con Max Keiser and Stacy Herbert

40 years ago, a grand experiment was embarked upon. One that promised US workers: Using new defined contribution retirement savings vehicles such as IRAs and 401k,, theyd be better off when they reached retirement age.

Which raises a simple but very important question: How have things worked out?

The answer? Not well at all for the vast majority of Americans, for whom retirement will remain a perpetual myth.

03:52

Today No Metals Die: Gold & Silver Prices Rise To Finish The Week Strong Max Keiser and Stacy Herbert

Its nice to see a volume spike on the bid side for a change:

We have been saying for weeks now, and probably sound like a broken record, that sooner or later the open interest has to come down. There are two ways it can come down, by a brute force paper dump and then the bullion banking cartel, also known as the commercials, step in and buy back all those contracts they sold short.

The other way is just to buy them back, which would drive the price up in a short covering event. Well have to see what happened to the level of open interest to start to see if the banks are covering their shorts.

The cartel has tried to smash all week, starting on Sunday night at 10:30 p.m. EST, but each time the dip has been bought:

And then the surge into the afternoon happened. We were reluctant to put out an article, because looking at the chart above, the last time gold hit $1290 BAM! That was on Wednesday and it got knocked right back down.

Although the precious metals have held on to their gains into the close:

Gold and silver faded the move but started turning up again late in the afternoon.

Not helping the cartel is a US dollar that is breaking down:

 

We are not even going to post the inverse head-n-shoulders pattern because its a done deal. We are now at 93.666 on the chart.

A chart of the US Dollar/Japanese Yen shows similar breakdown, meaning that the yen is strengthening against the dollar.

So a combination of a weakening dollar, and strengthening yen and any short covering would be a step in understanding the rise on the day.

Because it had nothing to do with fear:

The VIX has actually fallen for two days in a row nad is now below 12 (though still above the 200-day moving average).

But back to the metals, individually.

Things are actually starting to shape up nicely on the silver weekly chart:

...

03:45

SILVER BULL CAPITULATES & TRAGEDY STRIKES CLOSE TO ROTHSCHILD (Video) The Daily Coin

SILVER BULL CAPITULATES & TRAGEDY STRIKES CLOSE TO ROTHSCHILD Video SGTReport TDC Note I would say a charlatans colors are exposed instead of a silver bull capitulates. As most of you have probably noticed we havent published a...

The post SILVER BULL CAPITULATES & TRAGEDY STRIKES CLOSE TO ROTHSCHILD (Video) appeared first on The Daily Coin.

03:43

The Demise of Dissent: Why the Web Is Becoming Homogenized Max Keiser and Stacy Herbert

Weve all heard that the problem with the web is fake news, i.e. unsubstantiated or erroneous content thats designed to mislead or sow confusion.

The problem isnt just fake newsits the homogenization of the web, that is, the elimination or marginalization of independent voices of skepticism and dissent.

There are four drivers of this homogenization:

1. The suppression of dissent under the guise of ridding the web of propaganda and fake newsin other words, dissent is labeled fake news as a cover for silencing critics and skeptics.

2. The sharp decline of advertising revenues flowing to web publishers, both major outlets and small independent publishers like Of Two Minds.

3. The majority of advert revenues now flow into the coffers of the quasi-monopolies Facebook and Google.

4. Publishers are increasingly dependent on these quasi-monopolies for readers and visibility: any publisher who runs afoul of Facebook and Google and is sent to Digital Siberia effectively vanishes.

The reason why publishers advert incomes are plummeting are four-fold:

1. Most of the advert revenues in the digital market are being skimmed by Facebook and Google, as the chart below illustrates.

2. Ad blockers have become ubiquitous.

3. Few people click on the display ads that are the standard in desktop web publishing; in other words, these ads simply dont work very well, and much of the revenue being generated is click-fraud, i.e. bots not real people clicking on adverts because theyre interested in the product/service. As a result, advertisers are pulling away from these type of ads as they search for advert models that arent so vulnerable to click-fraud.

4. The web is increasingly shifting to mobile, which has fewer advert spots due to the small size of the display. In addition, major third-party advert services such as Google Adsense place restrictions on the number and size of ads being displayed on publishers sites.

The systemic erosion of advert revenues for everyone other than FB and Google is evident everywhere: for example, BuzzFeed Set to Mis...

03:15

Next-Generation Crazy: The Fed Plans For The Coming Recession The Daily Coin

John Rubino Which Way is Up?

Next-Generation Crazy: The Fed Plans For The Coming Recession by John Rubino Dollar Collapse Insanity, like criminality, usually starts small and expands with time. In the Feds case, the process began in the 1990s with a series of (in...

The post Next-Generation Crazy: The Fed Plans For The Coming Recession appeared first on The Daily Coin.

02:50

Craig Hemke & Eric Sprott Weekly Wrap-Up 111717 (Podcast) The Daily Coin

Craig Hemke & Eric Sprott

Craig Hemke & Eric Sprott Weekly Wrap-Up 111717 Podcast Sprott Money News

The post Craig Hemke & Eric Sprott Weekly Wrap-Up 111717 (Podcast) appeared first on The Daily Coin.

02:30

The Great Retirement Con The Daily Coin

The Great Retirement Con by Adam Taggart Peak Prosperity Frankly put: retirement is now a myth for the majority The Origins Of The Retirement Plan Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to...

The post The Great Retirement Con appeared first on The Daily Coin.

02:10

Financial Conditions Easiest Since 1994 (Video) The Daily Coin

Financial Conditions Easiest Since 1994 Video Peter Schiff Video Source

The post Financial Conditions Easiest Since 1994 (Video) appeared first on The Daily Coin.

02:00

MiB: Greg Sands, Costanoa Ventures & Netscape The Big Picture

Our conversation this weekend is with Greg Sands, founder of Costanoa Ventures. Sands was the first product manager at Netscape Communications, and created the business plan for the company. He also coined the name Netscape. Prior to founding Costanoa, Sands was a Managing Director at legendary venture fund Sutter Hill, where he invested in early stage

Read More

The post MiB: Greg Sands, Costanoa Ventures & Netscape appeared first on The Big Picture.

...

01:57

Daily Digest 11/18 - Running Straight Into Worst Case Scenario, India's Toxic Air Peak Prosperity

Daily Digest 11/18 - Running Straight Into Worst Case Scenario, India's Toxic Air
  • Running Straight into Worst Case Scenario Gregory Mannarino
  • A Great Migration From Puerto Rico Is Set to Transform Orlando
  • Rob From The Middle Class Economics
  • Tax bill that passed the House would cripple training of scientists
  • Walking While Black
  • Saudi Arabias Risky Market Share Sacrifice
  • Island Nations, With No Time to Lose, Take Climate Response Into Their Own Hands
  • What Its Like to Live in Indias Toxic Air

Join the conversation

01:45

Who Gets to Push the Nuclear Button? The Daily Coin

Who Gets to Push the Nuclear Button? Paul Craig Roberts William Binney is the former National Security Agency (NSA) official who created NSAs mass surveillance program for digital information. He says that if the Russian government had conspired with Trump,...

The post Who Gets to Push the Nuclear Button? appeared first on The Daily Coin.

01:20

James Turk Predicted Fridays Gold & Silver Surge Now Says Metals May Be Ready To Fly Audio Interview The Daily Coin

James Turk Predicted Fridays Gold & Silver Surge Now Says Metals May Be Ready To Fly Audio Interview from King World News How Did You Know? November 18 (King World News)  Eric King:  James, quite a day today.  And...

The post James Turk Predicted Fridays Gold & Silver Surge Now Says Metals May Be Ready To Fly Audio Interview appeared first on The Daily Coin.

00:55

The Morgan Reports Weekly Perspective 111717 (Video) The Daily Coin

The Morgan Reports Weekly Perspective 111717 Video David Morgan The Morgan Reports Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free...

The post The Morgan Reports Weekly Perspective 111717 (Video) appeared first on The Daily Coin.

00:49

America is in Terminal Decline The Automatic Earth

Rembrandt van Rijn The Three Crosses 1653   John Rubino recently posted a graph from Bob Prechters Elliot Wave that points to some ominous signs. It depicts the S&P 500, combined with consumer confidence and savings rate. As the accompanying video at Elliott Wave, What Too Confident to Save Means for Stocks, shows, when the

The post America is in Terminal Decline appeared first on The Automatic Earth.

00:30

Ed Steer: Gold/Silver Price Management Scheme Will End Spectacularly & Suddenly (Podcast) The Daily Coin

Ed Steer: Gold/Silver Price Management Scheme Will End Spectacularly & Suddenly Podcast by Mike Gleason Money Metals Coming up well hear a fantastic interview with first time guest Ed Steer of Ed Steers Gold and Silver Digest and also...

The post Ed Steer: Gold/Silver Price Management Scheme Will End Spectacularly & Suddenly (Podcast) appeared first on The Daily Coin.

00:05

Banks Control Bitcoin and Bitcoin Cash. We Are Being Played The Daily Coin

Banks Control Bitcoin and Bitcoin Cash. We Are Being Played By Justin Danneman  Squawker TDC Note With bitcoin being developed and introduced to the world by a ghost it would make sense the people messing around with this latest illusion of...

The post Banks Control Bitcoin and Bitcoin Cash. We Are Being Played appeared first on The Daily Coin.

00:00

We're Living in the Age of Capital Consumption Mises Wire

By: Ronald-Peter Stferle
burned.PNG

When capital is mentioned in the present-day political debate, the term is usually subject to a rather one-dimensional interpretation: Whether capital saved by citizens, the question of capital reserves held by pension funds, the start-up capital of young entrepreneurs or capital gains taxes on investments are discussed in all these cases capital is equivalent to money. Yet capital is distinct from money, it is a largely irreversible, definite structure, composed of heterogeneous elements which can be (loosely) described as goods, knowledge, context, human beings, talents and experience. Money is only the simplifying aid that enables us to record the incredibly complex heterogeneous capital structure in a uniform manner. It serves as a basis for assessing the value of these diverse forms of capital.

Modern economics textbooks usually refer to capital with the letter C. This conceptual approach blurs the important fact that capital is not merely a single magnitude, an economic variable representing a magically self-replicating homogenous blob but a heterogeneous structure. Among the various economic schools of thought it is first and foremost the Austrian School of Economics, which stresses the heterogeneity of capital. Furthermore, Austrians have correctly recognized, that capital does not automatically grow or perpetuate itself. Capital must be actively created and maintained, through production, saving, and sensible investment.

Moreover, Austrians emphasize that one has to differentiate between two types of goods in the production process: consumer goods and capital goods. Consumer goods are used in immediate consumption such as food. Consumer goods are a means to achieve an end directly. Thus, food helps to directly achieve the end of satisfying the basic need for nutrition. Capital goods differ from consumer goods in that they are way-stations toward the production of consumer goods which can be used to achieve ultimate ends. Capital goods therefore are means to achieve ends indirectly. A commercial oven (used for commercial purposes) is a capital good, which enables the baker to produce bread for consumers. 

Through capital formation, one creates the potential means to boost productivity. The logical precondition for this is that the production of consumer goods must be temporarily decreased or even stopped, as scarce resources are redeployed toward the production of capital goods. If current production processes generate only fewer or no consumer goods, it follows that consumption will have to be reduced by the quantity of consumer goods no longer produced. Every deepening of the production s...

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23:56

When does caste integration bring greater understanding? Marginal REVOLUTION

It should be collaborative rather than adversarial:

Integration is a common policy used to reduce discrimination, but different types of integration may have different effects. This paper estimates the effects of two types of integration: collaborative and adversarial. I recruited 1,261 young Indian men from different castes and randomly assigned them either to participate in month-long cricket leagues or to serve as a control group. Players faced variation in collaborative contact, through random assignment to homogeneous-caste or mixed-caste teams, and adversarial contact, through random assignment of opponents. Collaborative contact reduces discrimination, leading to more cross-caste friendships and 33% less own-caste favoritism when voting to allocate cricket rewards. These effects have efficiency consequences, increasing both the quality of teammates chosen for a future match, and cross-caste trade and payouts in a real-stakes trading exercise. In contrast, adversarial contact generally has no, or even harmful, effects. Together these findings show that the economic effects of integration depend on the type of contact.

That is from a new paper by Matt Lowe, and Matt is a job market candidate coming out of MIT.

And here is a recent paper by Devesh Kapur, Chandra Bhan Prasad, Lant Pritchett and D. Shyam Babu, on the benefits of modernity for Dalits, here is one short bit of the abstract:

The survey results show substantial changes in a wide variety of social practices affecting Dalit well-beingincreased personal consumption patterns of status goods (e.g. grooming, eating), widespread adoption of elite practices around social events (e.g. weddings, births), less stigmatising personal relations of individuals across castes (e.g. economic and social interactions), and more expansion into nontraditional economic activities and occupations.

That said, please do not confuse big improvements with no serious problem.

The post When does caste integration bring greater understanding? appeared first on Marginal REVOLUTION.

23:45

Is the Uranium Bear Market Finally Over? (Video) The Daily Coin

Is the Uranium Bear Market Finally Over? Video Wall St for Main St Is the Uranium bear market finally over? What do you think? Is the bear market over, is it about to end or will it not end...

The post Is the Uranium Bear Market Finally Over? (Video) appeared first on The Daily Coin.

23:15

Federal Reserve Enters Uncharted Territory as It Prepares for Next Recession The Daily Coin

Western Banking System Is Totally Broken, Totally Insolvent, Totally Corrupt

Federal Reserve Enters Uncharted Territory as It Prepares for Next Recession From Birch Gold Group The Fed has openly recognized were headed towards the next severe downturn. With their backs against the wall, theyre preparing for this eventuality by looking at...

The post Federal Reserve Enters Uncharted Territory as It Prepares for Next Recession appeared first on The Daily Coin.

23:10

6 Essential Habits for Leading the Good Life Hang The Bankers

Everybody wants a slice of the so-called good life. For some people, that might mean a nice house, or a beachside vacation. However you define the good life, you want it, and not just for a short time. You want the good life to be your life. But how do you get there? While the

23:00

10 Weekend Reads The Big Picture

The weekend is here! Pour yourself a mug of Guatemala Antigua coffee, grab a seat by the fire, and get ready for our longer form weekend reads: Elon Musk, Architect of Tomorrow: Inside the inventors world-changing plans to inhabit outer space, revolutionize high-speed transportation, reinvent cars (Rolling Stone) The Cause and Consequences of the Retail Apocalypse

Read More

The post 10 Weekend Reads appeared first on The Big Picture.

...

22:45

The $2.4 Trillion Hidden Fed Tax The Daily Coin

The $2.4 Trillion Hidden Fed Tax by Peter Diekmeyer Sprott Money erome Powells support for the Federal Reserves low interest rate regime has long benefited investors, who reacted favorably to news that he would be Donald Trumps nominee as...

The post The $2.4 Trillion Hidden Fed Tax appeared first on The Daily Coin.

22:15

Peak Prosperity News Update 111717 (Video) The Daily Coin

Peak Prosperity News Update 111717 Video Chris Martenson If The Saudi Arabia Situation Doesnt Worry You, Youre Not Paying Attention: https://www.peakprosperity.com/blog/1 Video Source

The post Peak Prosperity News Update 111717 (Video) appeared first on The Daily Coin.

22:15

Lyndon Johnson's Terrible Legacy Mises Wire

By: Patrick Barron
johnson.PNG

Recently my wife and I spent a morning at the Lyndon Baines Johnson Presidential Library in Austin, Texas. The damage done by this big bully is incalculable. His library reminds us of the start of the blizzard of government expansion during Johnson's presidential term, which lasted from the Kennedy assassination in October 1963 to his decision not to run for a full second term in 1968, which usually is attributed to his failure to end the war in Vietnam.

Johnson was an admirer of FDR and was determined to revive and complete what he believed should have been integral parts to FDR's New Deal. Johnson called his program The Great Society. As if ignorance of the consequences of this socialist expansion of domestic control by government was not enough, LBJ expanded the war in Vietnam, promising America both Guns and Butter. Even today we live with this expansion of government domestic programs and seemingly never-ending wars as the modern Welfare/Warfare state.

The Johnson Treatment

I called Johnson a big bully in the paragraph above. I believe my assessment is justified by what actually is celebrated at his presidential library. The displays proudly explain and document "the Johnson touch" in print, photograph, and actual recorded telephone interviews. Johnson was a big man who towered over most people. He had a habit of getting very close to someone, leaning over at the waist, and forcing his partner in conversation to bend over backwards to avoid an uncomfortable encounter with LBJ's face. There is a large picture of Johnson giving Supreme Court Associate Justice Abe Fortas this "Johnson Treatment", literally face-to-face. Fortas, who was a long time LBJ supporter, appears to be taking the "Treatment" in good humor, but it is easy to see how it would be almost impossible to keep one's dignity with the president of the United States performing this obviously uncomfortable act.

Surprisingly the JBJ Library celebrates the Johnson Treatment with recorded phone conversations. One conversation was with powerful US Senator Richard Russell, a long time LBJ colleague. Johnson wanted Russell as his personal eyes and ears on the Warren Commission, tasked with investigating the Kennedy assassination. In the recorded phone conversation we hear Russell politely tell LBJ that he is honored but that he has no respect for Supreme Court Justice Earl Warren and must decline the offer. LBJ then badgers and bullies Russell into accepting the position. He says that he wants Russell to ensure that the commission...

21:45

Wall Street Discovers the Brick-and-Mortar Meltdown The Daily Coin

Wall Street Discovers the Brick-and-Mortar Meltdown by Wolf Richter Wolf Street Oh Lordy. Finally time to make some easy money by betting on the collapse of brick-and-mortar retail, years after it began? Heres a grisly thought: As of today,...

The post Wall Street Discovers the Brick-and-Mortar Meltdown appeared first on The Daily Coin.

21:15

The US Issues A Travel Warning For This Holiday Season (Video) The Daily Coin

The US Issues A Travel Warning For This Holiday Season Video X22 Report US begins to push the agenda to stop other news sources from reporting the news, this is another step in trying to block the truth. Zimbabwe...

The post The US Issues A Travel Warning For This Holiday Season (Video) appeared first on The Daily Coin.

20:58

Debt Rattle November 18 2017 The Automatic Earth

Henri Cartier Bresson Juvisny, France 1938   Consumers Are Both Confident And Broke (John Rubino) You Have Been Warned (Lance Roberts) Norway Plan to Sell Off $35 Billion in Oil, Gas Stocks Rattles Markets (BBG) The Worlds Biggest Wealth Manager Wont Touch Bitcoin (BBG) Trumps Saudi Scheme Unravels (Alastair Crooke)

The post Debt Rattle November 18 2017 appeared first on The Automatic Earth.

20:45

Brexit, Gold and Harold Wilsons Pound in Your Pocket, 50 Years On The Daily Coin

Brexit, Gold and Harold Wilsons Pound in Your Pocket, 50 Years On by Adrian Ash Bullion Vault How the 1967 devaluation of Sterling killed the Gold Standard THIS WEEKEND will mark 50 years since Harold Wilsons infamous devaluation of...

The post Brexit, Gold and Harold Wilsons Pound in Your Pocket, 50 Years On appeared first on The Daily Coin.

20:15

The Abandonment of Honesty: How Theyre Hiding the Truth from Us | John Rubino (Video) The Daily Coin

The Abandonment of Honesty: How Theyre Hiding the Truth from Us | John Rubino Video Reluctant Preppers From deception on the micro-scale of consumer goods packaging and ingredients labeling, to the mega-scale of falsified government employment and inflation statistics,...

The post The Abandonment of Honesty: How Theyre Hiding the Truth from Us | John Rubino (Video) appeared first on The Daily Coin.

20:07

A New Supreme Court Case Could Cripple Public Employee Unions naked capitalism

A case before the California Supreme Court poses a fundamental threat to public employee unions' funding.

19:45

Global Elite Panic As They Go Down One By One The Daily Coin

Global Elite Panic As They Go Down One By One Sexual Abuse And Pedophilia Cover Ups Led Right To The Hillary Clinton State Department by Susan Duclos All News Pipeline When the dam broke after the Harvey Weinstein...

The post Global Elite Panic As They Go Down One By One appeared first on The Daily Coin.

19:36

How Despair Helped Drive Trump to Victory naked capitalism

Trump did well in places that have borne the brunt of declines in manufacturing, mining, and related industries since the 1970s.

19:15

Salmans Shake-Up: Saudi Maneuvers Are Bad For The American People The Daily Coin

Salmans Shake-Up: Saudi Maneuvers Are Bad For The American People Author: Caleb Maupin  Journal-NEO The Ritz Carlton Hotel in downtown Riyadh is now serving as a temporary prison, holding some of the 201 people that have been detained on the orders...

The post Salmans Shake-Up: Saudi Maneuvers Are Bad For The American People appeared first on The Daily Coin.

16:18

The gains from cutting corporate tax rates Marginal REVOLUTION

Here is a recent paper by Stephen Bond and Jing Xing:

We present new empirical evidence that sector-level capitaloutput ratios are strongly influenced by corporate tax incentives, as summarised by the tax component of a standard user cost of capital measure. We use sectoral panel data for the USA, Japan, Australia and eleven EU countries over the period 19822007. Our panel combines internationally consistent data on capital stocks, value-added and relative prices from the EU KLEMS database with corporate tax measures from the Oxford University Centre for Business Taxation. Our results for equipment investment are particularly robust, and strikingly consistent with the basic economic theory of corporate investment.

Via Henry Curr.  Here is a piece by Fuest, Piechl, and Siegloch, forthcoming in the American Economic Review:

This paper estimates the incidence of corporate taxes on wages using a 20-year panel of German municipalities. Administrative linked employer-employee data allows estimating heterogeneous worker and firrm effects. We set up a general theoretical framework showing that corporate taxes can have a negative effect on wages in various labor market models. Using an event study design, we test the predictions of the theory. Our results indicate that workers bear about 40% of the total tax burden. Empirically, we confirm the importance of both labor market institutions and profit shifting possibilities for the incidence of corporate taxes on wages.

Via Dina D. Pomeranz.  Ive been reading in this area on and off since the 1980s, and I really dont think these are phony results.

The post The gains from cutting corporate tax rates appeared first on Marginal REVOLUTION.

15:50

Another One Bites the Dust The Daily Coin

Another One Bites the Dust by James Howard Kunstler If only abortion were retroactive, we could suitably deal with monsters like Senator Al Franken (D MN), who apparently ventured to apply a breast adjustment to a female colleague asleep...

The post Another One Bites the Dust appeared first on The Daily Coin.

15:30

The Saudi Purge is a Global Crisis (Video) The Daily Coin

The Saudi Purge is a Global Crisis Video Corbett Report The House of Saud is in crisis as MBS consolidates his hold on the kingdom and prepares to transform Saudi Arabia in his image. But what is behind the...

The post The Saudi Purge is a Global Crisis (Video) appeared first on The Daily Coin.

15:10

Silicon Valley Exec Has Created A New Religion That Will Worship A Godhead Based On Artificial Intelligence The Daily Coin

Silicon Valley Exec Has Created A New Religion That Will Worship A Godhead Based On Artificial Intelligence by Michael Snyder The Economic Collapse Blog I know that the headline sounds absolutely crazy, but this is actually a true story. ...

The post Silicon Valley Exec Has Created A New Religion That Will Worship A Godhead Based On Artificial Intelligence appeared first on The Daily Coin.

14:50

Indias Continued War on Gold Causes a Monstrous Increase in Silver Imports The Daily Coin

Indias Continued War on Gold Causes a Monstrous Increase in Silver Imports by Nathan McDonald Sprott Money For anyone that has followed my writing for some period of time, you will remember the series that I wrote, which broke...

The post Indias Continued War on Gold Causes a Monstrous Increase in Silver Imports appeared first on The Daily Coin.

14:30

Brand New Bail Out Deal For Corporations! Private Pension Fund Emergency Loan Program (Video) The Daily Coin

Brand New Bail Out Deal For Corporations! Private Pension Fund Emergency Loan Program Video Silver Report Brand new bail out for corporations. Many companies have been struggling under the weight of Heavy pension liabilities. Many private pensions have as...

The post Brand New Bail Out Deal For Corporations! Private Pension Fund Emergency Loan Program (Video) appeared first on The Daily Coin.

14:10

Why People Will Happily Line Up to be Microchipped Like Dogs The Daily Coin

Why People Will Happily Line Up to be Microchipped Like Dogs by Daisy Luther The Organic Prepper Sosome people actually want to be microchipped like a dog. Theyre lining up for it. Theyre having parties to get it done....

The post Why People Will Happily Line Up to be Microchipped Like Dogs appeared first on The Daily Coin.

13:50

Training for a High-Stress Shooting The Daily Coin

Training for a High-Stress Shooting By Jason Hanson  LFB.org Last fall, I had the pleasure of spending time with Laissez Faire club director Doug Hill and a few of the other great folks that work with us. They came out to...

The post Training for a High-Stress Shooting appeared first on The Daily Coin.

13:30

Opposition to Judge Moore Crumbles (Video) The Daily Coin

Opposition to Judge Moore Crumbles Video Bill Still White House Press Secretary Sarah Huckabee Sanders yesterday announced that President Trump will not ask Judge Roy Moore to withdraw from the Dec. 12th special election to replace Jeff Sessions as...

The post Opposition to Judge Moore Crumbles (Video) appeared first on The Daily Coin.

13:10

Gold Miners Q317 Fundamentals The Daily Coin

Gold Miners Q317 Fundamentals by Adam Hamilton Zeal, LLC The gold miners stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But...

The post Gold Miners Q317 Fundamentals appeared first on The Daily Coin.

13:00

The Blues Triangle The Big Picture

Renowned blues-rock guitarist, singer/songwriter, and 2016 Rock and Roll Hall of Fame inductee Steve Miller returns to Rose Theater for a journey through the Blues Triangle. I am excited about this!   Steve Miller, Jimmie Vaughan & Charlie Musselwhite Having learned his first chords at age five from his godfather Les Paul, how to play

Read More

The post The Blues Triangle appeared first on The Big Picture.

12:50

Keystone Pipeline Shut down After Leaking 210,000 Gallons of Oil The Daily Coin

Keystone Pipeline Shut down After Leaking 210,000 Gallons of Oil by Nick Bernabe  The Anti-Media The contentious Keystone Pipeline has been temporarily shut down after a 210,000-gallon oil leak was discovered in South Dakota. According to local ABC News affiliate KSFY: Brian Walsh with...

The post Keystone Pipeline Shut down After Leaking 210,000 Gallons of Oil appeared first on The Daily Coin.

12:30

Venezuela DEFAULTS As Country Completely COLLAPSES! What This Means (Video) The Daily Coin

Venezuela DEFAULTS As Country Completely COLLAPSES! What This Means Video WAM Josh Sigurdson talks with author and economic analyst John Sneisen about one of the last straws in the crumbling country of Venezuela. Default. Venezuela is officialy defaulting...

The post Venezuela DEFAULTS As Country Completely COLLAPSES! What This Means (Video) appeared first on The Daily Coin.

12:10

Is a December Rate Hike Necessarily Bad News for Gold? The Daily Coin

Is a December Rate Hike Necessarily Bad News for Gold? from Schiff Gold TDC Note We just asked this same question click here #### Conventional wisdom holds that an interest rate hike in December will be bad for...

The post Is a December Rate Hike Necessarily Bad News for Gold? appeared first on The Daily Coin.

12:00

The Central Banks Are Now Preparing For The Financial Crisis (Video) The Daily Coin

The Central Banks Are Now Preparing For The Financial Crisis Video X22 Report After Jamie Dimon slammed bitcoin for being a money laundering tool, JP Morgan has been busted for money laundering. Is online sales pushing the brick and...

The post The Central Banks Are Now Preparing For The Financial Crisis (Video) appeared first on The Daily Coin.

11:50

Atlanta Decriminalizes Marijuana; Takes Step Toward Nullifying Federal Prohibition The Daily Coin

Atlanta Decriminalizes Marijuana; Takes Step Toward Nullifying Federal Prohibition by Michael Maharrey  Activist Post Last month, the Atlanta City Council unanimously voted to decriminalize small amounts of marijuana within the city limits, a step toward effectively nullifying prohibition in practice. Councilman Kwanza...

The post Atlanta Decriminalizes Marijuana; Takes Step Toward Nullifying Federal Prohibition appeared first on The Daily Coin.

11:30

Gerald Celente Danger Signs, Markets Peaking! (Video) The Daily Coin

Gerald Celente Danger Signs, Markets Peaking! Video Video Source

The post Gerald Celente Danger Signs, Markets Peaking! (Video) appeared first on The Daily Coin.

11:26

Success Strategies For Retirement Peak Prosperity

Success Strategies For Retirement

Executive Summary

  • The Importance of Adding New Income Streams
  • Income-Producing Assets
  • Taking Advantage of Subsidies
  • Hedges, Cost-Controls & Other Strategies
  • The 14 Steps to Prosperity

If you have not yet read Part 1: The Great Retirement Con, available free to all readers, please click here to read it first.

In Part 1, we revealed the woefully insufficient level of retirement savings -- across IRAs, 401ks, and public pensions --- America faces as it's largest demographic cohort, the Baby Boomers, now reaches retirement age. And eating quickly away at the scant savings that exist is the soaring cost of big-ticket essentials such as rent, higher education and healthcare that retirees can't avoid paying.

So what can we do about it?

There are only a few strategies that can make a real difference:  own assets and income streams that keep up with real-world inflation, radically reduce the cost structure of big-ticket household expenses, qualify for subsidies (i.e. lower household income), and/or adopt a healthier view of what prosperity in retirement means.

Owning Income-Producing Enterprises and Assets

This chart says volumes about the difference between wealthy households and middle-class households: the middle-class households primary asset is the family home, while the wealthy households primary asset is business equity: ownership of an enterprise or shares in enterprises.

Developing a profitable enterprise is easier said than done (it helps to inherit a family business), and there is no guarantee a business thats successful today will still be successful next year.

Nonetheless, its striking that the middle class is...

Join the conversation

...

11:25

The Great Retirement Con Peak Prosperity

The Great Retirement Con

40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.

Which raises a simple but very important question: How have things worked out?

Join the conversation

11:10

Medical POLICE STATE: FDA approves Big Brother digital sensor that tracks your compliance with psychiatric medications The Daily Coin

Medical POLICE STATE: FDA approves Big Brother digital sensor that tracks your compliance with psychiatric medications by: Ethan Huff  Natural News The U.S. Food and Drug Administration (FDA) has officially granted its approval for a newfangled tracking device that pharmaceutical companies...

The post Medical POLICE STATE: FDA approves Big Brother digital sensor that tracks your compliance with psychiatric medications appeared first on The Daily Coin.

10:30

Building Relationships With Regulators In An Decentralised Eco System! With Bharath Rao (Video) The Daily Coin

Building Relationships With Regulators In An Decentralised Eco System! With Bharath Rao Video Crush the Street We have Bharath Rao to share his expert insights on the Crypto Currency markets and the direction the industry is going. As Blockchain...

The post Building Relationships With Regulators In An Decentralised Eco System! With Bharath Rao (Video) appeared first on The Daily Coin.

10:19

Please Contribute To The 2017 Michael Snyder For Congress Money Bomb The Economic Collapse

Wouldnt it be great if Congress was absolutely packed with strong constitutional conservatives that consistently fought for true conservative values?  It has been said that our government is a reflection of who we are as a people, and the only way that we are going to take our government back is if we fight for it.  I have talked to so many conservatives that are sick and tired of being betrayed by Republicans in name only over and over again, but the only way that we are going to break this cycle is if good people start running and if we get behind them.  Personally, I am in a very tight race in Idahos first congressional district, and the only way that I can win is if it is a total team effort.  There is no way that I can do this alone, and fortunately we have had some absolutely extraordinary people get involved in the campaign as volunteers.  But if you dont have the time to serve as a volunteer, you can still contribute to the campaign in other ways.  Today we are launching our 2016 Money Bomb, and the deadline for participating is November 30th.  If you would like to donate, you can do so here

https://www.michaelsnyderforcongress.com/contribute.html

Our first tier goal for the money bomb is $4,500, which will help us cover the cost of desperately needed campaign materials.  The good news is that there is an overwhelming demand for campaign materials all over the district, but now we are running low on almost everything.  Our county chairs are telling us that they need more signs, more bumper stickers and more brochures, and we are working hard to get them everything that they need.

Our second tier goal for the money b...

10:10

Is America Up for a Second Cold War? The Daily Coin

Is America Up for a Second Cold War? by Patrick Buchanan The Burning Platform After the 19th national congress of the Chinese Communist Party in October, one may discern Premier Xi Jinpings vision of the emerging New World Order....

The post Is America Up for a Second Cold War? appeared first on The Daily Coin.

10:06

Post Market Wrap Up PLUS IMPORTANT GOLD/MARKET RIGGING UPDATES! (Video) The Daily Coin

Post Market Wrap Up PLUS IMPORTANT GOLD/MARKET RIGGING UPDATES! Video Gregory Mannarino Video Source

The post Post Market Wrap Up PLUS IMPORTANT GOLD/MARKET RIGGING UPDATES! (Video) appeared first on The Daily Coin.

09:50

Why There Is No Such Thing As Safe Tap Water The Daily Coin

Why There Is No Such Thing As Safe Tap Water By: Sayer Ji, Founder  Green Med Info Despite being at the top of the global food chain and industrial developmental ladder, the United States has a poor track record for delivering uncontaminated...

The post Why There Is No Such Thing As Safe Tap Water appeared first on The Daily Coin.

09:30

09:10

THE BIGGEST WEALTH TRANSFER IN HISTORY The Daily Coin

THE BIGGEST WEALTH TRANSFER IN HISTORY by Egon von Greyerz Gold Switzerland What will happen between now and 2025? Nobody knows of course but I will later in this article have a little peek into the next 4-8 years....

The post THE BIGGEST WEALTH TRANSFER IN HISTORY appeared first on The Daily Coin.

09:00

Succinct Summation of Weeks Events 11.17.17 The Big Picture

Succinct Summations for the week ending November 17th, 2017 Positives: 1. U.S. stocks had their best day on Thursday since early September. 2. Industrial production rose 0.9% m/o/m, manufacturing rose 1.3%, both well above expectations. 3. Housing starts rose 13.7% to a 1.29 million annualized rate, above the 1.135 million expected. Permits came in at

Read More

The post Succinct Summation of Weeks Events 11.17.17 appeared first on The Big Picture.

...

09:00

What Happens When Quantum Computing and AI Merge? Financial Sense

FS Staff There's a global arms race among companies and nations to achieve supremacy in both quantum computing and AI, Woody Preucil at 13D Research recently explained to Financial Sense Newshour listeners. Though many are still unaware...

08:50

The Cycle of Falling Interest, Gold and Silver Report The Daily Coin

The Cycle of Falling Interest, Gold and Silver Report By: Dimitri Speck  SafeHaven You are undoubtedly aware of one or another stock market anomaly, such as e.g. the frequent weakness in stock markets in the summer months, which the well-known saying...

The post The Cycle of Falling Interest, Gold and Silver Report appeared first on The Daily Coin.

08:30

FSS Update: Amish Live Longer Israeli Intelligence Food Shortages GMO Crops (Video) The Daily Coin

FSS Update: Amish Live Longer Israeli Intelligence Food Shortages GMO Crops Video Full Spectrum Survival Video Source

The post FSS Update: Amish Live Longer Israeli Intelligence Food Shortages GMO Crops (Video) appeared first on The Daily Coin.

08:30

Chris Calton: The March to America's Civil War Mises Wire

By: Chris Calton, Jeff Deist
Chris Calton on Mises Weekends

Chris Calton, host of the Mises Institute's Historical Controversies podcast, is back with a second season. If you enjoyed his revisionist view of America's drug war during the first season, you'll love his take on U.S. history during the latter 1800s. This episode, titled "The March to America's Civil War", is a fascinating account of the antebellum era.

Tune in and find out why this podcast series is creating one of Stitcher's fastest growing audiences.

Historical Controversies is available online at Mises.org/HCPod, via RSS, and on StitcheriTunes, Google Play, and Soundcloud.



08:10

China Gold Import Jan-Sep 777t. Whos Supplying? The Daily Coin

China Gold Import Jan-Sep 777t. Whos Supplying? by Koos Jansen Bullion Star While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of yellow metal. As usual,...

The post China Gold Import Jan-Sep 777t. Whos Supplying? appeared first on The Daily Coin.

07:56

The Dopamine Economy Stories by umair haque on Medium

The Mad Men Created Consumers. Weve Created Algorithmic Addicts

What have we really built today, with all this technology? At the root, if we go down to the essence of what it is?

Every minute, every thirty seconds. Update, political scandal. Update, celebrity gossip. Update, outrage. Update, Black Friday sale starting early. Trigger. Surge. Release. Reward. Whoosh. High. Crash. Repeat. Youve felt it and Ive felt, so theres no need to deny it. The little soaring adrenalin rush of finding a better deal, date, time, pleasure. Weve built a dopamine economy. Its profoundly addictive, deeply toxic for us as both people societies, and its high time to begin grappling with that.

By dopamine economy, I mean this. Weve gone beyond creating consumersthat was the mad men did: today, weve created addicts of the algorithm. People who desperately check their smartphones hundreds of times a day, whose fixated eyes never leave screens, who obsessively-compulsively spend more time in fantasylands than with their families, chasing the breathtaking adrenalin high of dopaminergic release. Its a model of what it means to human, an institutional form, where people desperately seek ever higher and quicker and sharper highs, and find lower and harsher and darker lows. But is it good for us, let alone them?

Now. Ill resist the urge to go evo-bio, because the truth is very simple: dopamine triggers adrenalin, chasing too much depletes both, and thus imbalances the rest of your brain, causes serotonin etcetera to be dysregulated, and thus pyschosis can result. Ill also resist the urge to draw an easy answer, like saying we should then build a serotonin economy instead!, full of uplifting things, a web made of Hallmark tears. You and I know its not so simple.

Lets think about more how the dopamine economy was really built. A generation of marketers, technologists, venture capitalist, and entrepreneurs, quasi-scientifically, using behavioral economics, neurobiology, and technology, addicted people to excitement, whether its titillation, outrage, or burning desire, because they found that people, somehow, could be easily triggered this way. They had unwittingly stumbled on the fight-flight response, dopamine triggering adrenalin, which is what causes the breathtaking high of, say, the heroin addict, and well come back to that.

So now we reward people, as if they were lab rats, with little tiny morsels of reward, whether theyre coupons, clickbait headlines, discounts, special offers, prizes, and so on, and somehow, they always come back for more. We dont really know whyand so we dont know what fire were really playing with, that were toying with the basics of human neurobiology itself, that every clicks effect is something like a heroin injection, dopamine triggering adrenalin surging through the sy...

07:50

Recap: Full list of 80 dead scientists, with photos and shocking details The Daily Coin

Recap: Full list of 80 dead scientists, with photos and shocking details By Erin Elizabeth Health Nut News This is completely separate from our holistic doctor death unintended series found here. This is a separate list not compiled by...

The post Recap: Full list of 80 dead scientists, with photos and shocking details appeared first on The Daily Coin.

07:30

Trump Drinks Liberal Tears (Video) The Daily Coin

Trump Drinks Liberal Tears Video Mark Dice The President pauses a press conference to drink some liberal tears, and the media doesnt know what to do! Video Source

The post Trump Drinks Liberal Tears (Video) appeared first on The Daily Coin.

07:10

A Luddites Guide to the Future The Daily Coin

A Luddites Guide to the Future by Bill Bonner Bonner and Partners We were disappointed to see the pedestal naked forlorn its statue gone its purpose defunct. For more than a century, the bronze statue of Supreme Court Justice...

The post A Luddites Guide to the Future appeared first on The Daily Coin.

06:53

Who Gets to Push the Nuclear Button? PaulCraigRoberts.org

Who Gets to Push the Nuclear Button?

Paul Craig Roberts

William Binney is the former National Security Agency (NSA) official who created NSAs mass surveillance program for digital information. He says that if the Russian government had conspired with Trump, hacked the Democratic National Committees computer, or in any way influenced the outcome of the last US presidential election, the National Security Agency would have the digital evidence. The fact that we have been listening to the unsubstantiated charges that comprise Russiagate for more than one year without being presented with a scrap of evidence is complete proof that Russiagate is entirely fake news.

The fake news originated with CIA director John Brennan and FBI director Comey conspiring with the DNC in an effort to discredit and unseat President Trump and at a minimum prevent him from damaging the vast power and profit of the military/security complex by normalizing relations with Russia.

Consider what this means. The directors of the CIA and FBI made up a totally false story about a newly elected President and fed the lies to the presstitutes and Congress. The presstitutes never asked for a drop of evidence and enlarged the Brennan/Comey lie with a claim that all 17 US intelligence agencies had concluded that Russia had interfered. In actual fact, a handful of carefully selected people in three of the agencies had prepared, perhaps under duress, a conditional report that had no evidence behind it.

That it was fake news created to control President Trump was completely obvious, but corrupt security officials, corrupt senators and representatives, a corrupt DNC, and corrupt media used constant repetition to turn a lie into truth.

Here is Binney: http://www.washingtonsblog.com/2016/12/creator-nsas-global-surveillance-system-calls-b-s-russian-hacking-report.html
See also: https://www.strategic-culture.org/news/2017/11/17/capitalism-collapsing-from-inequality-blame-russia.html

Having shoved Trump into the militarist camp, his enemies have turned on Trump as an unstable, volatile person who might push the button. Senator Bob Corker (R, TN) and Senator Chris Murphy (D,CT) are using the Senate Foreign Relations Committee to portray President Trump as a quixotic person who shouldnt have his finger on the nuclear button. We have gone full circle, from Trump who wants to defuse nuclear tensions to Trump who might push the button.

If Senators Corker and Murphy were really concerned and not just orchestrating a new way to attack Trump, they would bring out the fact that Russiagate is a hoax that has made...

06:50

Nervous? John Podesta In Panic Mode After Sessions Weighs Special Counsel For Clinton-Uranium-One Deal The Daily Coin

Nervous? John Podesta In Panic Mode After Sessions Weighs Special Counsel For Clinton-Uranium-One Deal by Joshua Caplan The Gateway Pundit Hillary Clintons 2016 campaign chair is in panic mode, after reports Attorney General Jeff Sessions is weighing a special counsel...

The post Nervous? John Podesta In Panic Mode After Sessions Weighs Special Counsel For Clinton-Uranium-One Deal appeared first on The Daily Coin.

06:30

Teslas New Supercar Trounces Ferrari The Big Picture

Tesla Keeps Scaring the Other Automakers Its cars are faster, while its innovations force the competition to play catch up. Bloomberg, November 17, 2017     Yesterday, Tesla Inc.1 founder and Chief Executive Officer Elon Musk introduced the companys new electric-powered tractor trailer. The Semi goes 500 miles on a charge, uses Teslas semiautonomous driving system,

Read More

The post Teslas New Supercar Trounces Ferrari appeared first on The Big Picture.

...

06:30

Truth is a Pain In YouTubes A** (Video) The Daily Coin

Truth is a Pain In YouTubes A** Video Truth Never Told Video Source

The post Truth is a Pain In YouTubes A** (Video) appeared first on The Daily Coin.

06:12

No. 921: October 2017 Industrial Production, New Residential Construction Shadow Government Statistics

(SGS Subscription required) Hurricane-Boosted October 2017 Industrial Production Recovered Its 2007 Pre-Recession High for a Second Time, At Least Briefly Nonrecurring Surge in Headline Production Growth Ranged from a Return to Normal Operations to the Manufacturing of Replacements for Storm-Damaged Automobiles Showing a Record 118 Months of Continuous Non-Expansion, the Dominant Manufacturing Sector of Production Remained Shy of Recovering Its Pre-Recession Peak by 4.7% (-4.7%) Regularly-Volatile Housing Starts and Building Permits Surged in October, Including Some Temporary Hurricane-Driven Boost Housing Starts Are Shy of Recovering Their Pre-Recession High by 43.2% (-43.2%), Building Permits Still Are Shy by 42.7% (-42.7%)

06:00

2:00PM Water Cooler 11/17/2017 naked capitalism

Today's Water Cooler: Tariffs, NAFTA, Jones v Moore, Virginia, Clinton interview at Mother Jones, Franken, manufacturing, Tesla, collapse

06:00

November 17: Daily Contrarian Reads David Stockman's Contra Corner

More Risky Than Ever The bullish cabal is taking an incredible leap of faith that the Feds tightening cycle is going to be without hiccup and essentially have been brainwashed by not just the Fed but by the actions of all central banks in believing that every slip-up will be fully rectified. The central banks []

05:59

Jims Mailbox Jim Sinclair's Mineset

From our friend Werner. This is quite a chart in an everything bubble world. You might notice how cheap gold was in 2012 at $1,900? When financial panic sets in, gold will accrue value from all directions because it has no liability attached to it. Gold will be the ONLY thing not questioned in a... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

05:50

Here We Go AgainSwell Numbers Which Arent David Stockman's Contra Corner

According to the financial press we have had some swell economic numbers in the last two daysso its giddy-up-and-go time for the stock market again. Thursdays industrial production number was allegedly gangbusters and todays housing start figure for October was described as a boom by the incorrigible headline writers at MarketWatch: The Commerce Department on Friday said October housing starts surged, []

04:50

Rob From The Middle Class Economics The Daily Coin

Rob From The Middle Class Economics by Gary Christenson Deviant Investor Much of our financial world functions as a Rob from the Middle Class economy. The system robs from the middle class and poor via money printing and inflation...

The post Rob From The Middle Class Economics appeared first on The Daily Coin.

04:37

I am Certain of This Im Practically Writing You a Blank Check With This Idea Future Money Trends

Im Practically Writing You a Blank Check With This Idea

Dear Reader,

The gold market sucks right now Well, at least it does compared to the first half of 2016.

However, deep in the numbers is where youll find the truth. The major mining giants are making money right now. This, of course, is very healthy for an industry thats been on the outs for nearly 7 years.

At first glance, all seems okay. Gold is up year-over-year, its up on the year, and overall, if youve been buying gold since 2015, youre feeling pretty good. Beneath these numbers, though, is something that has me smiling, and I think its going to deliver fortunes to many of you reading this.

You see, whats not being accounted for in the gold market is the absolute devastation weve seen on the supply side.

  1. Few new discoveries have been made in the past 20 years!
  2. Ore grades have collapsed.
  3. Even in the friendliest jurisdictions, it takes years and hundreds of millions of dollars to bring a deposit into production.

According to research released by Goldman Sachs, we hit peak gold production in 2015, meaning that in order to produce more, we have to start looking at the harder to get gold, with a much higher cost.

The problem is that markets dont react until there is a crisis.

Like homebuilders who underbuilt in bad times and then overbuild in the good times, the major mining giants are depleting their current deposits and not replacing them fast enough, to the point that in a few years, they will be fighting over minable gold resources or end up trying to play catch-up with low-quality projects that may take 5 to 10 years to bring into production.

As much as I love to see these 300 to 500% moves in the junior gold stocks like we did in 2016, in my own interest, 2017 has been a great year for us.

Its the year we can be greedy, with a sizable margin of safety. In order to position for the demand of minable, quality gold resources, the kind that the majors could soon be fighting over, I am looking at one stock

Consider accumulating shares of First Mining Finance (TSX: FF & US: FFMGF). The majority of its gold portfolio is in Canada, and most importantly, these are minable ounces in the ground surrounded by some of the larg...

04:30

Bubbles and the Pitfalls of Hastily Accumulated Wealth (Video) The Daily Coin

Bubbles and the Pitfalls of Hastily Accumulated Wealth Video maneco64 In this report I look at the early market action from London on Friday, November 17th, 2017. I also look at the blockchain, bitcoin and the South Sea bubble...

The post Bubbles and the Pitfalls of Hastily Accumulated Wealth (Video) appeared first on The Daily Coin.

04:10

This Bill Will Remove the No. 1 Obstacle to Owning Bitcoin The Daily Coin

This Bill Will Remove the No. 1 Obstacle to Owning Bitcoin by Nick Rokke  International Man Nick Rokke: T, youve talked about a new law working its way through Congress. The bill would make every bitcoin transaction under $600 exempt from...

The post This Bill Will Remove the No. 1 Obstacle to Owning Bitcoin appeared first on The Daily Coin.

04:08

The Safest Investment Right Now Future Money Trends

The Safest Investment Right Now

Dear Reader,

I cant tell you when, but I can give you an educated estimate that over the next 1 to 3 years, something will happen in a tiny commodity market that is going to be unstoppable.

Its not a bet, its simply a fact, so its a matter of us positioning ourselves and then waiting.

A rare, hard-to-find mineral is about to see a cliff dive in production.

Production declines WILL lead to higher prices, in our analysis.

In the 70s, 80s, and 90s, the industry always saw the discovery of at least one 50 million ounce deposit, at least a dozen 30 million ounce deposits, and 50 or more 5-10 million ounce deposits.

However, since the year 2000, there hasnt been a single 50 million ounce discovery, and there have been no 30 million ounce deposits, either. There have only been a handful of 10 to 15 million ounce discoveries.

The commodity I am talking about is gold, which is everyones favorite precious metal to love and hate.

Whats unique about golds situation is that in previous cases where a commodity has a supply disruption, the market corrects this by pushing prices up, which encourages new discovery and new production.

In golds case, the collapse in discovery is not due to lack of trying.

As you can see in the chart below, the past 10 years have seen more money spent on exploration than in previous decades combined. But that didnt help

Many saw the plateau comin...

04:00

Is Behavioral Economics Good Economics? Mises Wire

By: Frank Shostak
labrat.PNG

Recently, a relatively new economics called Behavioral Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith, and Richard Thaler were awarded Nobel prizes for their contribution in the field of BE.

The BE framework emerged on account of dissatisfaction with the neo-classical theory regarding consumer choices. A major problem with the neo-classical theory that people presented as if a scale of preferences is hard-wired in their heads. Regardless of anything else, this scale remains the same all the time.

The practitioners of BE hold that this is a very unrealistic case. Hence, to make the mainstream framework more realistic they suggested introducing psychology into economics.

It is held that peoples emotional state is going to influence their decision-making process. Thus, if consumers are becoming more optimistic regarding the future then this is going to be an important message to businesses regarding their investment decisions.

According to BE researchers whether consumers are generally patient or impatient determines whether or not they are inclined to spend or save today. If they are more patient and save more, then this can generate funds for entrepreneurs new investment projects.

Behavioral economists emphasize the importance of personality. An emphatic person is regarded more likely to make altruistic choices. Impulsive people are more likely to be impatient and not so good at saving up for their retirement. Venturesome people are more likely to take risks  they will be more likely to gamble (see Michelle Baddeley's Behavioural Economics. A Very Short Introduction).

While the BE criticism of mainstream economics is valid, the question arises whether BE solves the issue of unchanged consumer preferences and presents consumers as real people and not as human machines.

The key here is the definition of what human beings are all about. According to BE, people are not rational in a sense that they are using reason in various decisions. According to BE practitioners, the key driver for consumer choices are emotions. For instance, the Nobel laureate Vernon Smith holds,

People like to believe that good decision making is a consequence of the use of reason, and that any influence that the emotions might have is antithetical to good decisions. What is not appreciated by Mises and others who similarly rely on the primacy of reason in the theory of choice is the constructive role that the emotions play in human...

03:55

Detroit's Marginalized Communities Are Building Their Own Internet Grassroots Economic Organizing

When you kind of think about all the ways the internet affects your life and how 40 percent of people in Detroit dont have that access you can start to see how Detroit has been stuck in this economic disparity for such a long time, Diana Nucera, director of the Detroit Community Technology Project, told me at her office.

Nucera is part of a growing cohort of Detroiters who have started a grassroots movement to close that gap, by building the internet themselves. Its a coalition of community members and multiple Detroit nonprofits. Theyre starting with three underserved neighborhoods, installing high speed internet that beams shared gigabit connections from an antenna on top of the tallest building on the street, and into the homes of people who have long gone without. They call it the Equitable Internet Initiative.

Read the rest at Motherboard

Watch the video

 

Go to the GEO front page

03:50

Madagascar Outbreak: It Is Inevitable The Plague Becomes Resistant To Drugs The Daily Coin

Madagascar Outbreak: It Is Inevitable The Plague Becomes Resistant To Drugs by Mac Slavo SHTFPlan The newest warning about the outbreak of the airborne pneumonic plague, or black death, in Madagascar has been released. Officials warn that its inevitable...

The post Madagascar Outbreak: It Is Inevitable The Plague Becomes Resistant To Drugs appeared first on The Daily Coin.

03:45

The Demise of Dissent: Why the Web Is Becoming Homogenized oftwominds-Charles Hugh Smith

In other words, we'll be left with officially generated and sanctioned fake news and "approved" dissent.
We've all heard that the problem with the web is fake news, i.e. unsubstantiated or erroneous content that's designed to mislead or sow confusion.
The problem isn't just fake news--it's the homogenization of the web, that is, the elimination or marginalization of independent voices of skepticism and dissent.
There are four drivers of this homogenization:
...

03:34

Is Jerry Brown Really the Climate Hero Hes Made Out To Be? Eyes on the Ties

California Governor Jerry Brown is sold to the public as a climate visionary. But is this the whole truth? ...

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03:30

I can see for miles in China. What do you see from your vantage point? (Video) The Daily Coin

I can see for miles in China. What do you see from your vantage point? Video Jeff J Brown China Rising The Eiffel Tower and the Taj Mahal are mine to see on clear days You thought that...

The post I can see for miles in China. What do you see from your vantage point? (Video) appeared first on The Daily Coin.

03:29

A grassroots approach to financing the clean energy movement Grassroots Economic Organizing

Please join us in supporting the clean energy movement! Together, we can make a difference for our environment and our economy.

WHAT IS CLEAN ENERGY CREDIT UNION?

Weve started a new financial and lending institution called Clean Energy Credit Union, focused solely on loans that help people afford solar electric systems, electric vehicles, home energy efficiency retrofits, electric-assist bicycles, net-zero energy homes, etc.  Clean Energy Credit Union is a not-for-profit financial services cooperative and a federally chartered credit union. As a cooperative, its democratically owned and controlled by its members on a one-vote-per-member basis.

Our short video (embedded at the top of this page) explains it best.

Still have questions? Learn more about Clean Energy Credit Union or contact us via cleanenergycu.org.

Support the Clean Energy Credit Union

 

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03:23

Friday assorted links Marginal REVOLUTION

1. broccoli, Brussels sprouts, cauliflower, kale, cabbage, and collard greens are all technically the same species, Brassica oleracea. Link here.

2. Our bland, featureless Midweston some level, it is a fantasy.

3. Does a study of Twitch.tv indicate net neutrality is a bad idea?

4. A dozen business lessons from Waffle House.

5. Tweetstorm on Cheesecake Factory design.

6. Jones choice of hosiery proved most offensive, according to the editor. For the occasion, Jones had chosen a pair of tights not in a neutral black or gray as is common in the halls of Vogue but rather a pair covered with illustrated, cartoon foxes.  Link here.

The post Friday assorted links appeared first on Marginal REVOLUTION.

03:10

Is The New Fed Chair A Swamp Critter Extraordinaire? The Daily Coin

Is The New Fed Chair A Swamp Critter Extraordinaire? by Jan Skoyles Gold Core Is the New Fed Chief Jeremy Powell a Swamp Critter Extraordinaire? Trump surrounding himself with elites disconnected from everyday society Realities of Americas difficulties not recognised...

The post Is The New Fed Chair A Swamp Critter Extraordinaire? appeared first on The Daily Coin.

03:00

Canadians Paying Dearly for Their Housing Financial Sense

By Danielle Park Another housing study has come to familiar conclusions: Canada boasts the least affordable housing in North America. With a median family income of just under $65,000 a year, it would take 7.5 years for a family to pay off the...

Gold Price Hits 5-Month Aussie High as No.2 Mine Output Forecast to Halve in 40 Years Financial Sense

By Adrian Ash Gold price gains of 0.5% from last Friday's finish held firm in London trade today as world stock markets recovered more of this week's drop and commodities also rallied after falling from their recent multi-year highs.

02:50

The Big Money Grab Is On As Middle America Collapses The Daily Coin

The Big Money Grab Is On As Middle America Collapses by Dave Kranzler Investment Research Dynamics TDC Note I heard it said recently we are living inside a rotting system sounds about right. #### The stock market...

The post The Big Money Grab Is On As Middle America Collapses appeared first on The Daily Coin.

02:30

Fed Admits Negative Interest Rates Must Be Implemented By ALL Central Banks to Prevent Collapse! (Video) The Daily Coin

Fed Admits Negative Interest Rates Must Be Implemented By ALL Central Banks to Prevent Collapse! Video The Money GPS Video Source

The post Fed Admits Negative Interest Rates Must Be Implemented By ALL Central Banks to Prevent Collapse! (Video) appeared first on The Daily Coin.

02:00

Coal Correction The Big Picture

This week, I have been working on my annual mea culpas. The timing is fortuitous, cause I wrote something rather inelegantly that could easily be misinterpreted. Stated less generously, what I wrote was wrong, and this my official correction. In Nothing Trump Does Can Save Coal, I wrote: Despite all of that, coal generated most of

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The post Coal Correction appeared first on The Big Picture.

01:55

Trump Gets Chance to Reshape CFPB naked capitalism

Trump will soon name a replacement for CFPB director Richard Cordray; rule-making and enforcement priorities will become more bank-friendly.

Thursday, 16 November

03:00

How Big Is The California Marijuana Market, Really? Future Money Trends

How Big Is The California Marijuana Market, Really

Fact.  Californias population of 39.2 million is 45% larger than its 6 nearest MJ states combined, with an aggregate number of residence in Alaska, Arizona, Colorado, Nevada, Oregon and Washington equaling 27.3 million.  Simply put, Californias population is absolutely massive.  And that population will be, unequivocally, the driving force in the cannabis movement throughout the US.

The $5 billion market.  Lets compare California with Colorado.  California is approximately seven times larger in population than Colorado.  In addition, tourism in California in 2016 exceeded 251 million visitors, and in Colorado it was approximately 82 million.  Similar to California, Colorado was a medicinal cannabis state when in 2014 it ushered in Adult-Use (a/k/a recreational) cannabis sales to the general public.  California has been a medicinal cannabis state since 1996 and in less than 60 days will usher in Adult-Use cannabis. In 2016 California sales of medicinal cannabis were approximately $2.7 billion and are expected to be approximately $3.6 billion in 2017.  Colorado total sales (medicinal and Adult-Use) in 2016 were approximately $1.2 billion, and reports state that within the first ten months of 2017 Colorado has already surpassed the $1 billion sales mark If we use the above variables (population, tourism, commencement of Adult-Use cannabis), its highly probable in 2018 California will exceed $5 billion in cannabis sales.

Rules, Regulations & Licenses
.  There is no empirical data available that provides accurate statistics on the number of nurseries, growers, manufactures and dispensaries of cannabis-related products in California.  But a back of the napkin approach is that at least 70% and probably closer to 90% of the growers, manufacturers, and dispensaries in California will either not be properly licensed in the next 60 days, or will not be able to provide clear chain of title relating to the cannabis sold. This is a state requirement that is anticipated to be strongly enforced by the State of California as it implements Track & Trace, a methodology that allows the state to follow all cannabis products from the seed, through manufacturing, to the dispensary.

Quality Above All Else.  The current shortage of cannabis production in California that is capab...

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