"The answer is of course: It won’t be paid back. And since every debt is someone else’s asset, you can imagine what that ultimately means. A great many people are a lot less wealthy than they think. It is all phantom wealth that can disappear in an eyeblink."
If you live in New Zealand, for example, you can get a new enterprise up and running in half a day. If you live in Luxembourg or Argentina, however, it’s a different story─with the process sometimes taking over a year.
UKIP stalwart David Kurten is striving to unseat a Tory Remainer in his home town. A genuine conservative, Kurten has been a fly in Sadiq Khan’s ointment, courageously speaking up for Brexit and for traditional Christian values in the London Assembly.
While we do have the ability to choose our future path, taking action today would require more economic pain and sacrifice than elected politicians are willing to inflict upon their constituents. This is why throughout the entirety of history, every empire collapsed eventually collapsed under the weight of its own debt.
"Needless to say, the Chinese are extremely angry about this new law, and the official newspaper of the ruling communist party is warning that the U.S. needs to “rein in the horse at the edge of the precipice” and that China will soon “take resolute revenge”…"
A low level of economic complexity isn’t necessarily a problem. Many countries with middle-to-low scores in the ranking have great standards of living and a high level of wealth. Countries like Canada, Norway, and Australia were all well down the list.
Representatives from the other countries (Brazil, Belarus, Egypt, Haiti, Hungary, Libya, Poland, Senegal, St. Lucia, and Uganda) were also rightly concerned about the promotion of abortion through sex education programs to be advanced under the summit initiatives.
The fact of the matter is that, in waging a scorched earth, no-holds-barred war of “Resistance” against this Administration, it is the Left that is engaged in the systematic shredding of norms and the undermining of the rule of law. This highlights a basic disadvantage that conservatives have always had in contesting the political issues of the day.
In fact, no city in America has prospered more during the Internet era than San Francisco, and it has literally become a cesspool of human degradation. If you can believe it, during the first 10 months of this year there have been 25,084 official complaints about feces in the streets…
If he wins, we could see a wholesale change in policing and a real shift towards freedom of speech. If he loses, then this will demonstrate that we are clearly living in a restricted society and that thought police are a reality in the UK today.
The issue of Fed vs President is not going away – while the market broadly believes Powell’s and the Fed’s independence is sacrosanct, and Trump can’t sack him, it damages the credibility of the Presidency that Trump still tries to bully the Fed. But – critically - it shouldn’t have that much effect on markets, because we all know that’s just the way it is...
For some farmers, “Farmageddon” is simply too much to bear. Seeing a farm that you put your blood, sweat and tears into go under can be absolutely devastating emotionally, and authorities are telling us that the number of farm suicides appears to be rising…