• Krugminator2's Avatar
    Today, 05:29 PM
    Senate voted to end support for sending aid to Saudi Arabia in their war against Yemen https://www.axios.com/senate-votes-to-pull-us-from-yemen-war-2dc2efa0-6817-421b-ac0c-b51136019fda.html?utm_source=twitter&utm_medium=social&utm_campaign=organic&utm_content=1100 Trump signed an executive order for Opportunity Zones https://www.nytimes.com/2018/12/12/us/politics/trump-opportunity-zones-tax-cut.html Criminal justice reform is about to pass. https://www.politico.com/story/2018/12/11/mcconnell-senate-will-take-up-trump-backed-criminal-justice-reform-1056146 Common thread on all three? Rand Paul. Rand first introduced withdrawing aid from Saudi Arabia three years ago. Rand introduced Economic Freedom Zones during his Presidential run. Rand has been the biggest advocate of criminal justice reform.
    1 replies | 12 view(s)
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    12-11-2018, 07:48 PM
    I am going to pass on reading it. But did he just make up definitions? Is that why you answered "yes".
    67 replies | 774 view(s)
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    12-11-2018, 07:34 PM
    This reminds of the poll where people said Republicans would GAIN seats in the mid term The answer to "Are we in a recession?" is no. It isn't really even debatable. We might be by 2020. But geez. No. We are not in a recession. We are close to the top of the cycle though. and might start rolling over soon. "Currently (last updated December 6, 2018, using data through November), this "Yield Curve" model shows a 15.7683% probability of a recession in the United States 12 months ahead." https://seekingalpha.com/article/4227461-probability-u-s-recession-december-2018
    67 replies | 774 view(s)
  • Krugminator2's Avatar
    12-10-2018, 06:55 PM
    MeToo like equal pay laws reduces the incentive to hire women. Nobody wants to be sued. My dad was in management in the trucking industry. He would never hire or fire a woman alone in the same room and he retired 10 years ago. This isn't a new thing. A significant percentage of women are crazy and they will use their gender to ruin your life. #FACT
    42 replies | 477 view(s)
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    12-09-2018, 02:56 PM
    He really only voted against Brennan because he had too after filibustering the drone thing.
    5 replies | 192 view(s)
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    12-09-2018, 12:26 PM
    What's funny about that is now is probably the best time in 8 years to have gold threads. I have never been a gold guy but the fundamentals are there with the positioning of large speculators and hedgers combined with the budgets which could be even more substantial in a recession. There is a good chance gold finally wore out all but the most hardcore of goldtards and is ready for an advance in the coming years. Maybe not. But it is the first time I have been bullish on gold.
    63 replies | 1722 view(s)
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    12-06-2018, 03:01 PM
    1070106980298186753 Here is one of those intellectual arguments from a genius Democratic Senator. I think she means to say the future will be poorer and less free. And the future will be even more feminized and justice will be determined based on some Marxist theory that classifies people into victim groups. Great. Sign me up.
    27 replies | 494 view(s)
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    12-05-2018, 02:35 PM
    Good points from the good Senator. "Republicans are racist, sexist, homophobic racists who support rape and want the poor to starve" are such strong intellectual arguments. *Pointing at my head*
    27 replies | 494 view(s)
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    12-05-2018, 02:23 PM
    That's interesting. I live right around the block from this. I could practically walk there.
    7 replies | 220 view(s)
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    12-05-2018, 02:11 PM
    So.... Yeah..... That Tweet never actually happened. I would assume you know that but then why would you post it?
    17 replies | 394 view(s)
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    12-05-2018, 12:11 PM
    Even though Bush is the worst kind of liberal Republican and it is ridiculous today is a holiday, he did do two good things. He put Clarence Thomas on the Supreme Court. And he gave FA Hayek a Presidential Medal of Freedom right before Hayek died.
    135 replies | 2732 view(s)
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    12-05-2018, 09:02 AM
    The yield curve didn't actually invert. They played games to get that article headline. It is close probably early next year and there is usually a year lag between when the 2 and 10 year yields invert and a recession.
    17 replies | 394 view(s)
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    12-04-2018, 06:58 PM
    I don't know anything about gold or trading commodities, but I see you had the COT data in your video. I see open interest fell off the map last week and large traders were net short for the first time since 2001 in August and commercial hedgers are actually more net long than the large traders which basically never happens. It seems like this is kind of significant. You should do a video on that.
    4 replies | 326 view(s)
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    12-04-2018, 05:43 PM
    This is the most ridiculous thing I have ever seen. The only thing I am mourning is that I ordered something online and now I have to wait an extra day because it won't be shipped until Thursday.
    37 replies | 902 view(s)
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    12-04-2018, 04:32 PM
    I would be okay executing any elected politician who proposed this..... We're not Making America Venezuela Again.
    3 replies | 180 view(s)
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    12-04-2018, 02:17 PM
    Right. I am all for freedom and take responsibility. Here is the problem. I just helped someone with their insurance and benefits. They make a good income in management in the auto industry. Smart person. Didn't choose the HSA option with health insurance. Very poor decisions and I am sure that is standard. Truthfully, I would rather someone from CATO or the Heritage Foundation just set up a system like Singapore and force people to behave correctly. I know it isn't libertarian. I also know the life will be better for just about everyone with that kind of paternalism. It is great to say just get government out of health care. Super. That is never going to happen. Medicare, Medicaid, Obamacare, the huge health insurance industry built on tax breaks to provide insurance to private employers, the VA System are like 95% of the health insurance market. It isn't just going to eliminated. That isn't close to be an option under anyone. Not under Ron Paul. Not under Gary Johnson. Not under President Murray Rothbard's ghost. So you can either propose solutions that will be less terrible or get single payer.
    21 replies | 374 view(s)
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    12-04-2018, 02:05 PM
    While I agree with what you said, here is the dilemma. If you leave it up to people to save and pay for their own stuff, you want to know what will happen? They won't buy insurance. You want to know who is going to end up paying their bills? Me. People also don't save and when they do save they have all sorts of brain-dead ideas and try to time markets. The average 401k investor gets a return that is like 80% less than the market because they sell out of stock in 2008 and wait to get back in. I am not sure what the solution is but it seems like the choice is between pure socialism or using the heavy hand of government to make people behave correctly. I would rather have a Sinagapore system where they force you to save and tell you how to save and make you put money into an HSA and make you buy insurance than what is going to happen otherwise. Freedom is unlikely to be on the menu.
    21 replies | 374 view(s)
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    12-04-2018, 01:55 PM
    I dislike her a lot but what is wrong with what she said? As someone who pays for his own insurance, the individual health insurance market is insane in this country. I honestly don't know how a hair stylist or some other self-employed person in their 50s with a family who makes more a more medium income can afford insurance. This is an issue Republicans have to deal with or else more extreme people like Sanders and this woman will win the debate.
    21 replies | 374 view(s)
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    12-01-2018, 11:01 AM
    All I know is Ronald Reagan hated George HW Bush. https://www.chicagotribune.com/news/ct-xpm-1988-05-12-8803160413-story.html REAGAN ENDORSES BUSH-TEPIDLY "George Bush, who seems to need a lot of help, got as little as possible Wednesday from President Reagan, who gave his vice president a tepid political endorsement." REAGAN AND BUSH: CALL IT A SNUB https://www.newsweek.com/reagan-and-bush-call-it-snub-196034"Ronald Reagan is not called the Great Communicator for nothing. In one brief sentence last week, the ex-president neatly summed up his view of George Bush: "He doesn't seem to stand for anything," .... but in case anyone doubted his true feelings Reagan then refused to be seen with the president in public. He skipped a Bush fund-raiser in Los Angeles and barred the press from his house when Bush came calling....There has never been much love lost between the Bushes and the Reagans."
    135 replies | 2732 view(s)
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    11-30-2018, 07:42 AM
    There's an interesting thing that NEVER occurs to liberals when they mention XYZ state gets more than they pay in taxes. There is a simple reason. Super high income earners pay all the taxes. Large corporations, hedge funds, etc tend to be headquartered in a few blue states on the coasts. It kind of obliterates the point that the rich don't pay taxes.
    30 replies | 620 view(s)
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    11-29-2018, 10:04 PM
    Mary Kissel really is the worst. I don't think I have ever seen someone so smug and condescending without any consideration that she might be wrong. She is one person that I actively dislike. She is like Bret Stephens but even more smarmy.
    5 replies | 213 view(s)
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    11-29-2018, 05:32 PM
    I don't think he was ever that good. There is a reason he was voted Chief Justice. He was always kind of a "centrist". He was confirmed by the Senate overwhelmingly, unlike Alito who has been far better. I don't think anyone ever thought he would be a Clarence Thomas, Alito or Gorsuch type judge.
    10 replies | 304 view(s)
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    11-27-2018, 01:00 PM
    He is greatest speculator in human history. So yeah, that kind of qualifies him as a financial wizard. There aren't a bunch of insiders secretly controlling you. Soros put up huge numbers in the 70s with just Jim Rogers and a secretary in a small office. Nobody from the Illuminati was giving him secret stock tips then. Notably you don't point out that he is wrong ALL THE TIME. In fact loses on most trades. He is good at cutting losers and letting winners run. He is really good at maximizing when he is right. https://ivanhoff.com/2014/03/06/difference-george-soros/ For example, when Trump was elected he lost a billion betting against the market. https://www.businessinsider.com/george-soros-lost-1-billion-after-trump-election-2017-1 or shorting Dot Coms in the late 90s. https://www.theguardian.com/technology/2000/apr/29/efinance.business or being the biggest loser in the 1987 market crash https://www.zerohedge.com/news/2017-08-31/soros-worst-trade
    29 replies | 1391 view(s)
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    11-25-2018, 12:33 PM
    It is interesting to me to see how dumb the average sports fan is. It is funny listening to all these life failures and sports talk radio meatheads. I see all these all this hysteria about "overrated" Jim Harbaugh. Michigan lost to undefeated Notre Dame and an Ohio State team that played its best game of the year. Okay? He has completely turned that program around just like he did at San Diego, Stanford, the 49ers and now Michigan. The reality is Harbaugh is probably one of the five best football coaches on the planet- pro or college. Oh but he isn't Nick Saban or Urban Meyer. Oh what about losing to Michigan State. I would love to "fail" like Harbaugh.
    284 replies | 6249 view(s)
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    11-24-2018, 07:09 PM
    I would make a distinction. If you accumulate consumer debt from things like auto loans, purchasing a house you can't afford or living in an apartment above your means, then yeah I would agree that a bad credit score is reflective of bad morals. If you have a bankruptcy from a health issue that is expensive or a failed business or *possibly* a failed speculation, then I don't consider the resulting poor credit score a reflection of character.
    6 replies | 353 view(s)
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    11-19-2018, 03:53 PM
    BWAHAHAHAHAHAHA. That thing about that is it is so politically incorrect but so true.
    17 replies | 692 view(s)
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    11-19-2018, 01:25 PM
    I really hated a lot of the George Mason/CATO people who undermined Ron Paul's campaign, especially in 2007. Tom would point out how absurd it was. Then Tom turned around and did the same thing to Rand in 2015. Tom is smart and articulate and he has a good podcast but he is also very cultish and tribal. I don't dislike him like I do Lew Rockwell but I can't say I am a huge fan either.
    17 replies | 438 view(s)
  • Krugminator2's Avatar
    11-18-2018, 12:21 PM
    It is funny to me that article explicitly says immigrants and minorities populating the state have been the reason the state votes Democrat. that should be non-controversial. But you have people like Zippy saying that Reagan was a moderate and GOP has just moved so far to the right that California now votes Democrat. And you have Reason claiming the reason for the shift is just that Republicans just started being mean to Mexicans in the 90s which caused them to vote Dem.
    27 replies | 841 view(s)
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    11-17-2018, 07:05 PM
    https://reason.com/volokh/2018/11/17/american-civil-liberties-union-rip The ACLU has been consistently horrible on almost everything but flag burning and making sure Jesus isn't allowed on government property. Hopefully, libertarians abandon them completely as an ally.
    8 replies | 338 view(s)
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    11-17-2018, 05:05 PM
    Keynes was EXTREMELY anti-inflation. "Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose. " Keynes was actually for pretty limited government. The problem with Keynes was that his ideas about government spending to boost and manage the economy don't work. The biggest problem with Keynes is people like Krugman and other "Keynesians" have tortured Keynes original ideas to promote all sorts of things that Keynes himself would never have approved. Keynes was a not a welfare statist for instance.
    9 replies | 1858 view(s)
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