The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today...
Economic inequality and the absolute destruction of the middle class is something that we've covered for many years (recently here), and being that central bank policies only exacerbate the issue, readers of Zero Hedge are undoubtedly well acquainted with topic. As usual, it took a while, but it does appear as though the mainstream media is finally catching up, as CBS recently published a piece on the erosion of the middle class in the United States.
Authored by Josh Harkinson, originally posted at MotherJones.com,
If the nationalists get their way, this November might be the last time Texans vote for a US president.
On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.
Peter Wolfgang wrote what I consider to be a really dumb piece yesterday, arguing that the Benedict Option produced Donald Trump. His point is that we got Donald Trump because too many Christians stayed out of the political fray. It’s a groundless argument for a number of reasons. But here’s the gist of it:
Submitted by Thad Beversdorf via First Rebuttal.com,
If one steps back and simply looks at the accuracy of the world’s prominent PhD economists and market pros’ predictions over the past 7 years one can’t help but shake one’s head. And I believe investors have become wise to their ignorance. We’ve seen a record 15 consecutive weeks of net selling of equities despite these expert pundits continuing on in their attempt to deceive investors into believing we are just one or two quarters away from that (now) proverbial recovery.