Category Archives: Economy

Economic Issues, Taxes, Capitalism

Only Progressives Will Be Surprised By This

“Electricity Prices Soaring In Top Wind Power States”

Bird Killers

Bird Killers

The top ten states that have the highest percentage of their electricity produced by wind farms are, not surprisingly, the states with the biggest increases in electric rates. According to the U.S. Energy Information Administration (EIA), the 10 states in which wind power accounts for the highest percentage of the state’s electricity generation are:

Iowa – 27%

South Dakota – 26

Kansas – 19

Idaho – 16

Minnesota – 16

North Dakota – 16

Oklahoma – 15

Colorado – 14

Oregon – 12

Wyoming – 8

The 2008-2013 price increases in the top 10 wind power states were:

Iowa – 16%

South Dakota – 25

Kansas – 26

Idaho – 34

Minnesota – 22

North Dakota – 23

Oklahoma – -2

Colorado – 14

Oregon – 16

Wyoming – 33

This is from Forbes


“Yes, The Left IS that Stupid”

This article is from the Gunslinger’s Journal. The writer makes a good point – one that I agree with.

Has it occurred to the jack-rabbits who want to take down The West so they can share in the “goodies” The West has “hoarded”, that if they take down The West, there won’t BE any goodies to share?”

He’s talking about the left. They seem to think that western society is made up of greedy people who have succeeded through a combination of luck and the victimization of the rest of the people.

There is something unusual about countries like the United States. Until now its people have been free to pursue their own self interest. That resulted in successful farms, businesses, and a lot of invention. All the peole in the country have benefited from the wealth they created – both in the case of plenty of food and in the development of and distribution of labor-saving devices. Even in the poorest neighborhoods people have enough to eat and own things like TV sets, automobiles, and cell phones.

The left wants to restrict the freedom to innovate so they can redistribute the wealth to those who have less. What they don’t understand is that by destroying the wealth makers the wealth will go away. There won’t be anything to redistribute. This has happened before in other countries and the result is always the same.

Historically, the closest thing to the current spread of civilization, culture, and technology, was the Roman Empire. It was the high water mark of the ancient world. And when the Empire failed, the world plunged into the Dark Ages…from which it struggled for centuries to emerge.

When Rome fell, it’s wealth, luxury and resources were not shared by the world. They disappeared. They disappeared because it took the organization that was the Empire to produce them.”

And more recently Rhodesia was a successful country on the African continent. The successful were thrown out, the country was renamed Zimbabwe, and:

A more modern example of this is the death of Rhodesia. It was a rich, prosperous, well-fed, functional and successful country. But the idea grew that the white elite, whose farmlands were the backbone of Rhodesian wealth, had “stolen” them from “the People”, and that they should be “liberated” from these oppressors, and returned to the people so they could share in the wealth they produced.

But, when the lands were “liberated” and given to “the people”, they ceased to be successful, profitable or productive farms. What the ignorant “liberators” failed to understand is that there was no inherent wealth in the farmland—nor a mine or well. It requires people with the knowledge, skill, the ambition and motivation, the technology and the culture to exploit its potential.”

Not mentioned but equally a problem for Zimbabwe was the devaluation of their money:

zimbabwe money01

zimbabwe money02

There are many Americans who understand the problem. You can not destroy a society that is working, creating better lives for its citizens without also destroying the advantages those people enjoy.

This is a basic fact of life but the left isn’t interested in the nation’s people prospering. They are only interested in controlling every aspect of their lives. They really are that stupid.

Should The West fail, the world will not suddenly share in its supposedly hoarded wealth. The wealth will fail insofar as The West does. And nothing will be left for anyone but the wisp of smoke and memory.

And a New Dark Age.”


Chicago’s Bond Ratings Continue Their Slide

Look what happens when you elect a socialist mayor who can’t count past nine and a half.

“Chicago Public Schools’ and park district’s debt downgraded to junk status”

chicago school district

Moody’s Investor Service dropped the bond ratings of Chicago Public Schools and the Chicago Park District to junk a day after it did the same for the city of Chicago.”

This is from the Chicago Sun Times

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Bone Stupid

Somehow the out of touch Hillary Clinton has become aware of the trouble small businesses are having in the United States. She says she was ‘Surprised’.

Interestingly enough she does not have a proposal to turn this slide around. But she is a far-left Progressive. You can be assured that whatever she comes up with will make things worse. It is because of the policies of far-left Progressives that this problem exists.

In case anyone is interested, those policies include taxation, regulation of business practices and employees, and micro-management of the businesses from the state and national capitols.

In a statement, Republican National Committee chairman Reince Priebus mocked Clinton for expressing such surprise, pointing to reports of the cost increases Obamacare has imposed on small businesses.

”At every turn, Hillary Clinton has supported top-down Washington-driven policies that have stacked the deck against small businesses,” Priebus said. “Hillary Clinton can’t possibly be a champion for everyday Americans when she doesn’t understand their most basic economic concerns and was ‘surprised’ to learn that small businesses are struggling.”

Read the rest at National Review

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“Why have we allowed crime without punishment? “

That is an important question. It was asked by a writer, Janet M. Tavakoli.

janet m. tavaloki

Tavakoli has seen and identified a trend that has been common in the United States Government. She wrote a book called, “Decisions: Life and Death on Wall Street”. She notes:

When I asked Democrats close to the top of the Obama administration, their answers were so similar I thought they had memorized a script: The administration made a bargain, and I’m not sure it was the right decision. The world was teetering on the edge of collapse. There was a crisis of confidence. There would have been unimaginable consequences.

I believe you would have gotten a similar answer whether you asked a Republican or a Democrat; it was a bipartisan betrayal of taxpayers.”

She is talking about the 2008 financial ‘Melt-down’. She continues:

Did our representatives in Washington make the right decision for the country? They did not. They were wrong. They were dangerously and recklessly wrong. The administration tried to hide the personal benefits of this egregiously wrong decision behind a mythical idea of a “crisis of confidence” if we prosecuted, arrested, and imprisoned crooks.

There is a crisis of confidence today, but that crisis of confidence is because we did not prosecute and imprison people who defrauded the global financial markets and taxpayers.”

So, once we had Eric Holder as Attorney General he alone determined that thieves and liars need not be prosecuted. Did he go after Jon Corzine, the head of MF Global? Corzine approved the illegal investment of customer funds that were held by MF in trust accounts. He invested them in risky derivatives and lost all the money. What is now the rule that controls ‘Trust Accounts’?

Market Ticker has an interesting take:

So instead we pretend that we’re “borrowing” when in fact no such thing is taking place. A loan you never intend to pay back is no loan at all; it is something else, and in this case (as in most cases) it is theft.

How much theft?

$574 billion in the last three months of 2014 alone, all taken from you by both private parties (banks) and government.”:

You might want to read these sources.

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Zero Hedge: “This Man Will Never Be Invited Back On CNBC”

They call this, “148 seconds of awkward uncomfortable truthiness…”.


Commenters expect his death.


Before You Call Him A Failure, Examine What His Goals Were

There are an awful lot of pundits and commenters calling President Obama’s Presidency a failure.

obama, jarrett

He doesn’t think he is failing. If you listen to his words he is proud of what he has accomplished.

His supporters, especially Valerie Jarrett, don’t consider him a failure, either. He is ‘Fundamentally transforming the United States of America just like he promised.


What Does It Mean When The Left Actually Reveals Its Plan?

It means they are confident enough in their success that they no longer have to disguise it.

Unlike leftists in the past, these people are thinking bigger. Until now they have worked to enslave the people of individual countries. Sometimes they have accomplished their goals. To do so, as we know, dissidents and others had to be eliminated in wholesale slaughter fields. Hundreds of millions have been killed by leaders who allowed no one to disagree with them.

The people in charge of the United Nations have dreams of doing these same things on a worldwide scale. If they succeed it will not be hundreds of millions of people whose bodies will have to be disposed of. It will be billions.

“U.N. Climate Chief: We’re ‘Intentionally’ Transforming The World Economy”

They’re no longer hiding their plan to destroy the world economy and rebuild it according to their plan. And, as we here at the Revo have known all along, climate change regulation is not about climate at all. It’s about control and destruction. Read what the UN’s top climate official, Christiana Figueres, has revealed.

Christiana Figueres

Christiana Figueres

This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history,” UNFCCC Executive Secretary Figueres stated at a press conference in Brussels Tuesday.

The “intentional” reordering of the global economy, she told reporters, “will not happen overnight” due to the “depth of the transformation”:

This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time to change the economic development model that has been reigning for at least 150 years, since the industrial revolution. That will not happen overnight and it will not happen at a single conference on climate change, be it COP 15, 21, 40 – you choose the number. It just does not occur like that. It is a process, because of the depth of the transformation.”

Figueres showing her teeth

Figueres showing her teeth

Read the rest at Truth Revolt

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Don’t You Understand? That Was The Goal All Along

Small San Francisco bookstore forced to close after latest city-mandated wage increase


This is not the kind of minimum wage story people in liberal San Francisco are used to hearing.

It’s usually about someone struggling to make ends meet in the city that is now flush with tech money. But now a beloved and iconic bookstore, Borderland Books, is closing its doors due to the city’s recent minimum wage hike.
This is a bookstore that has survived the doubling of rent in San Francisco, the impact of Amazon and other online retailers on book sales, and the recession. But despite all of that, it is the city’s new $15 an hour minimum wage that will finally put them over the edge.

The store’s owners explained in on its website:

Borderlands is Closing

Read more at Redalertpolitics


“Panicked super rich buying boltholes with private airstrips to escape if poor rise up”

These people who are meeting in Davos, Switzerland, are the same group that has proposed herding all the little people in the world into cities where they can be controlled and where they don’t need cars. We reported on this meeting a week or so ago. They want someone to pony up $60 Trillion for the scheme.

It’s no wonder they are worried about ‘The little people’.

“Hedge fund managers are buying up remote ranches and land in places like New Zealand to flee to in event of wide-spread civil unrest”


Robert Johnson, president of the Institute of New Economic Thinking, told people at the World Economic Forum in Davos that many hedge fund managers were already planning their escapes.

He said: “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.”

Read the rest at the UK Mirror

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“The biggest corporate lay-off in history is expected within days”

“IBM believed to be scrapping 110,000 of its 430,000 workforce around the world”


Robert Cringley, from Forbes, said: ‘To fix its business problems and speed up its “transformation,” next week about 26 per cent of IBM’s employees will be getting phone calls from their managers.

‘Project Chrome will hit many of the worldwide services operations. The USA will be hit hard, but so will other locations.’

An IBM spokesman said: ‘IBM does not comment on rumours, even ridiculous or baseless ones.

‘IBM has already announced the company has just taken a $600million [£400million] charge for workforce rebalancing. This equates to several thousand people, a mere fraction of what’s been reported.’”

From the UK Daily Mail

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US Bribing Iran With $11.9 Billion To Get Them To Attend Nuclear Talks

And the Iranians have told the world that they will never stop their nuclear ambitions.

Hasan Rouhani

The Obama administration on Wednesday paid $490 million in cash assets to Iran and will have released a total of $11.9 billion to the Islamic Republic by the time nuclear talks are scheduled to end in June, according to figures provided by the State Department.”

OK, but what is the money for?

These cash payments by the United States have been made with no strings attached, prompting concerns that Iran could use the funds to finance its worldwide terror operations, which include the financial backing of Hamas, Hezbollah, and other rogue entities.”

Don’t believe it? Read the rest at the Washington Free Beacon

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Chicago Bankruptcy Looming?

hancock bldg

From Second City Cop:

Someone Want to Verify This?

FYI, members of the cities law department, finance and mayors office (not the mayor) had an “impromptu” meeting with attorneys at Jones-Day law firm. You probably think why is this important. Its important because if you do research you will see that the Jones-Day law firm just finished handling the City of Detroit’s Bankruptcy. Jones-Day orchestrated the entire Detroit financial restructuring and pension overhaul. Research even further and you will find that Jones-Day are major business/municipality experts for bankruptcy. Trust me, that 500 million dollar payment for our pensions will not get paid and the above meeting is why. Yes, the city will declare bankruptcy to get its pension overhaul. The information may seem off the wall and exaggerated but from the person I got the information from its extremely reliable and needs to be received seriously. God help us.”

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People In Venezuela Are Learning How Well Government Planning Doesn’t Work

Pictures like this remind me a lot of the pictures that came from the Soviet Union. Venezuelan stores are nicer on the outside but they are still empty. The government makes promises that no one, including the bureaucrats who make them, expect will be kept.

Empty shelves sit in a supermarket in the La Boyera part of eastern Caracas on Jan. 9, 2015.

Empty shelves sit in a supermarket in the La Boyera part of eastern Caracas on Jan. 9, 2015.

Shoppers thronged grocery stores across Caracas today as deepening shortages led the government to put Venezuela’s food distribution under military protection.

Long lines, some stretching for blocks, formed outside grocery stores in the South American country’s capital as residents search for scarce basic items such as detergent and chicken.”

This is what the government has to say:

Government officials met with representatives from supermarket chains today to guarantee supplies, state news agency AVN reported. Interior Minister Carmen Melendez said yesterday that security forces would be sent to food stores and distribution centers to protect shoppers.

“Don’t fall into desperation — we have the capacity and products for everyone, with calmness and patience. The stores are full,” she said on state television.”

So, the government has solved the problem by telling the store management that they Must Guarantee availability of products and by lying about availability. How well will that work? The President tried to reassure the people with this:

President Nicolas Maduro last week vowed to implement an economic “counter-offensive” to steer the country out of recession, including an overhaul of the foreign exchange system. He has yet to provide details. While the main government-controlled exchange sets a rate of 6.3 bolivars per U.S. dollar, the black market rate is as much as 187 per dollar.”

The whole thing sounds just like the failure of every supply line in every country in the world that was ruled by communists.

Ah, but the leftists in this country believe it will be different in the United States because they will have the right people on the jobs. BS. If they make it happen here it will be exactly the same. They will purge anyone who is efficient and promote the apparatchiks.

Read more at Bloomberg

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“Bank of America warns of ‘lethal’ damage to China’s financial system as deflation deepens”

“‘Deflation, Devaluation, and Default’ loom in China this year. The denouement for Shanghai’s bourse will not be pretty, says the US bank.”


China is at mounting risk of a financial crisis this year as growth sputters and deflationary pressures trigger a wave of defaults, Bank of America has warned.
The US lender told clients that a confluence of forces are coming together that threaten to chill the speculative mania on the Shanghai stock exchange and to expose the underlying fragility of China’s $26 trillion edifice of debt.”

Read the rest at the UK Daily Telegraph

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Without Comment:

chinese flag

45 Signs That China Is Colonizing America

Read this


California Doubles Down On Fiscal Irresponsibility

California high-speed rail set to break ground this week

ca high speed rail

ca mi speed rail map

Ready or not, Californians – and America – here it comes.

After a two-year delay, during which the cost nearly doubled, California’s high-speed rail system will break ground this week. The project – said to cost $68 billion – will link Los Angeles to San Francisco by 2028.

There’s only one teensy, tiny problem: they have no idea how they are going to fund it.”

Why should they worry about the money? There’s always money, right? Just raise taxes and fees and everything will be OK.

They now say it will cost $68 Billion. How much will it eventually cost? I’d bet it will be closer to $250 Billion.

What of that 200 mph boast? The original design of the project called for railroad tracks totally dedicated to the high-speed rail system. But that proved even more ruinously expensive than the current guestimate. So now, the plan calls for a “blended” arrangement, where the HSR will share the tracks already used by commuter rail systems. That will slow the train down to around 60 mph through the cities and towns already serviced by ordinary railroads.”

And the money?

The policitians are banking on a federal bailout when the funds don’t materialize. The reasoning goes, we’ve already spent $26 billion on this turkey. Why not spend another $26 billion to finish it?”

Read more at American Thinker


Good For Thee But Not For Me

Health Care Fixes Backed by Harvard’s Experts Now Roil Its Faculty

Dr. Alan M. Garber, a physician and health economist who is the provost at Harvard, defended the change in benefits, acknowledging that Harvard employees would face greater cost-sharing but saying that such a policy "can slow the growth of health spending.” STEPHANIE MITCHELL, VIA HARVARD UNIVERSITY

Dr. Alan M. Garber, a physician and health economist who is the provost at Harvard, defended the change in benefits, acknowledging that Harvard employees would face greater cost-sharing but saying that such a policy “can slow the growth of health spending.”

WASHINGTON — For years, Harvard’s experts on health economics and policy have advised presidents and Congress on how to provide health benefits to the nation at a reasonable cost. But those remedies will now be applied to the Harvard faculty, and the professors are in an uproar.

Members of the Faculty of Arts and Sciences, the heart of the 378-year-old university, voted overwhelmingly in November to oppose changes that would require them and thousands of other Harvard employees to pay more for health care. The university says the increases are in part a result of the Obama administration’s Affordable Care Act, which many Harvard professors championed.”

They were all for it until it affected them. Now they are against it. Who is surprised by this?

It seems that Harvard is trying to save money by shifting costs to sick people,” said Mary C. Waters, a professor of sociology. “I don’t understand why a university with Harvard’s incredible resources would do this. What is the crisis?”

That’s what many of us asked when the Affordable Care Act, aka Obamacare, was rammed through. What’s the crisis?

Read the rest at the New York Times

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We Are Nearing The End

Vancouver, B.C., Canada: Fish with cataracts is fitted with a glass eye to stop it being ‘bullied’ by other marine creatures


I probably would have chosen broiled with a nice lemon vodka sauce.


An Interesting Thing Happened On The Way To The Next Bubble

Everyone forgot the past and ignored the warning signs in their quest for wealth.

When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 TRILLION US Dollar carry trade.

Drilling for Oil, producing Oil, transporting Oil… all of these are extremely expensive processes. Which means… unless you have hundreds of millions (if not billions) of Dollars in cash lying around… you’re going to have to borrowmoney.

Borrowing US Dollars is the equivalent of shorting the US DOLLAR. If the US Dollar rallies, then your debt becomes more and more expensive to finance on a relative basis.

There is a lot of talk of the “Death of the Petrodollar,” but for now, Oil is priced in US Dollars. In this scheme, a US Dollar rally is Oil negative.

US Dollar:


Flip that chart on it’s head and compare it oil:


More below the fold…


Lefties Paving The Way For A Bernie Sanders Run

Avowed socialist, Vermont Senator, Bernie Sanders thinks he wants to be President of the United States.

bernie sanders dingalings

His far-left positions on everything don’t deter him a bit. Why should they? We elected Barack Obama twice.

What does Sanders believe? What are his positions? Well, he believes in the ‘Deficit Owl’:


More at the Washington Examiner.

And now we have Russia Today telling us that all the bad things we know about communism are wrong:

“Why You’re Wrong about Communism”

It looks like a setup to me.


Cruz, Lee, Sessions Display Leadership

Cruz and Lee depart the Senate floor after their speeches before the night-time budget vote at the U.S. Capitol in Washington

Republican Sens. Ted Cruz, Mike Lee, and Jeff Sessions are pushing for a vote to defund President Obama’s executive amnesty in the “Cromnibus” spending bill Friday night, The Daily Caller has learned.

The trio of conservative senators is hoping to get the defund vote onto the Senate floor as a “point of order,” which would force a procedural vote on the issue without Democratic Senate Majority Leader Harry Reid having to introduce it.

The senators are pushing hard on Capitol Hill for the measure as of early Friday afternoon. If successful, the vote would take place late Friday night, after planned deliberations on the defense budget.”


“Conservatives: Let’s Primary Every GOP Boneless Wonder Who Votes For The CRomnibus”

Boy, do I agree with this. Each and every Republican who votes for this monstrosity needs to be thrown out. We may not be able to succeed in firing them but primarying them is another matter.

The bill includes funding for abortion, amnesty for illegal aliens, benefits for illegals, the war on coal, and costs more than a Trillion dollars. With our runaway national debt this is exactly the opposite of what the country needs.


There’s only one way to stop Obama’s destructive policies, especially the ruinous spending that has pushed America into a national debt of over $18 trillion, and that is for Republicans to stop voting “YES” on spending bills like the “CRomnibus.”

However, the policies that are funded by the “CRomnibus” represent practically everything that conservatives who volunteered, donated and voted in the 2014 midterm election thought they had just defeated.

But what is the deepest betrayal by the House Republican leaders behind the bill is that it is not something that was forced upon a reluctant Republican majority in the House by Harry Reid and the just defeated Senate Democrats – this is a deal Republican leaders negotiated on behalf of themselves and the House Republican Conference.”

This idea came from Conservative HQ where there is a more in-depth description of the things that are bad about this bill.

Update: The bill passed the House 219-206. The roll call vote list is here. Is your Congresscritter on the list of yeas? Mine is.


WaPo: “Deal reached on $1.01 trillion spending bill”

Cloward, meet Piven.

boehner laughing

Congressional leaders unveiled a massive $1.01 trillion spending bill Tuesday night that will keep most of the federal government funded through September.

The legislation is expected to pass in the coming days and will allow the incoming Republican-controlled Congress to clear the decks of lingering spending issues while setting the stage for a prolonged fight with President Obama over immigration policy.

At 1,603 pages, the bill includes at least $1.2 billion for agencies to deal with the influx of unaccompanied immigrant children who crossed the U.S.-Mexico border.”

Read more at the Washington Post


Bush, Obama, & Both Parties Have Destroyed America

For the first time since Ulysses S. Grant was President, the United States of America do not comprise the world’s leading economy. Makes you proud, doesn’t it? Enjoy the decline. It’s only gonna get worse. I f-king hate these people.

Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

As recently as 2000, we produced nearly three times as much as the Chinese.

Oh yeah, we’ve just hit a record low for our birth rate. We’re watching it slip away, folks. It’s quite depressing.