Wall Street Journal newspaper graphic comparing the 1987 stock market crash to the 1929 crash.
How much more can the rich be taxed?
Poor people do not create jobs.
April 15, 2017: Over 20 101st Airborne troops sent to Somalia to train forces fighting radical Islamist group al-Shabab
May 5: Death of U.S. Navy Seal announced outside Mogadishu.
Loss of Somalia to radical Islamists could force maritime trade to travel around the African continent. Read more at Geopoliticalfutures.com
U.S. savings rate:
Democrats are complaining that President Trump’s new simplified tax proposal would grow the deficit. We ask since when do Democrats care about deficits or debt?
Charles Hugh Smith: The Left’s Descent into Facism
Charles Hugh Smith has an interesting breakdown of what caused the trend of increased capital in the top 0.1%.
Smith says the economy shifted from production to financialization.
(Mixed with computer advances and higher health care replacing and displacing labor)
(Basically bigger government intervention helps the very rich, which is why they favored Hillary Clinton)
Venezuela stopped reporting their money supply: (Zerohedge story)
Similar to the Weimar Republic in 1922 when it took a wheelbarrow full of money to buy a loaf of bread.
Kansas, New Mexico, Oklahoma and Wyoming saw downturns as of the third quarter in 2016 according to report (PDF) by Kansas Fed Economist Jason Brown:
FLASHBACK: “In a way we are just a welcoming crew” — Border Patrol official