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Why work and be a provider, when you too make every working citizen in your state underwrite YOUR welfare.

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Seniors will pay the price for Trump’s Medicare cuts

Vulnerable Americans ultimately lose in the proposed budget

On the campaign trail, President Trump made a lot of promises, including the declaration that he would not cut Medicare as president. But that’s exactly what he’s doing with his proposed budget for 2019. Continue reading

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Volatility: Has Wall Street Found One More Index It Can Rig?

On Monday, an anonymous whistleblower sent a letter via his lawyer to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) charging that traders were manipulating the stock market volatility index known as the VIX. The whistleblower said that a flaw exists in the VIX that “allows trading firms with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.”

The Chicago Board Options Exchange (CBOE) where VIX options and futures trade, quickly denied the claims.

This whistleblower claims come at a time when billions of dollars are blowing up around the globe because traders placed wrong-way bets that the VIX would maintain the low volatility levels it has enjoyed over multiple years as a result of low volatility in the stock market. As the stock market plunged more than a thousand points on two days last week and saw big intraday reversals on other days, traders nursed big losses as the VIX spiked. [Read complete report]

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Why Even Pretend That There Is a Debt Ceiling

The current “debt ceiling” has been suspended until March 2019. The current amount of Treasury debt outstanding is $20.681 trillion. It has been estimated that the amount of Treasury outstanding by March 2019 will be as high as $22 trillion. U.S. Government has, for all intents and purposes, operated without a constraint on debt issuance since 2013… Continue reading

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Slashing Social Programs To Fund Tax Cuts for Rich

“Millions of Americans will lose access to life-saving programs because the GOP gave $1.5 trillion in tax cuts to the rich.”

Those wondering how President Donald Trump plans to pay for the $1.5 trillion in tax cuts for the rich he signed into law last year got their answer on Monday, when the White House unveiled its 2019 budget (pdf) blueprint that calls for $1.7 trillion in cuts to crucial safety net programs over the next decade—including $237 billion in cuts to Medicare alone. Continue reading

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Dead People, Seeing Only What They Want to See

“I see dead people. Walking around like regular people. They don’t see each other. They only see what they want to see. They don’t know that they’re dead.” ~ Cole Sear: The Sixth Sense

People love the sentimentality of their beliefs, the traditions and tribalism and forms of a self-conception, the good feeling that they get from believing that they are better than and different from the great body of mankind. Religions do this Even atheists and political parties and schools of economics and philosophy do this, since theirs constitutes a belief as well. We can be wonderfully profane.

But when it comes to applying those higher principles of belief in their daily lives, most people are highly selective, and in general want nothing to do with them, except as it is convenient, and serves their purposes without sacrifice. Continue reading

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Has YOUR computer been ‘cryptojacked’?

What’s going on in your computer? Shutterstock

Experts reveal how to tell if hackers are using it to mine bitcoin

Nothing comes for free, especially online. Websites and apps that don’t charge you for their services are often collecting your data or bombarding you with advertising.

Now some sites have found a new way to make money from you: using your computer to generate virtual currencies. Continue reading

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Dow plummets in afternoon trading and closes down more than 1,000 points

Trader Robert Charmak, left, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)

Stocks in world indexes fell again on Thursday, with major U.S. indexes dropping more than 3 percent in late afternoon trade after U.S. bond yields earlier crept back up towards four-year highs.

Dow Jones Industrials plunged 1,000 points, bringing the index down 10 percent from the record it reached two weeks ago. The Dow closed down 1,032 points down, at 23,860. Continue reading

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Another Arrested Equity Correction?

Paul Craig Roberts Exposes The Plunge Protection Team’s Fraud

After the extraordinary sudden loss in equity values, today (2-6-18) brought gains back to the stock indices.

What happened? Did the market sneeze, cough, or was something misread and today perceived in a different light?

In my opinion this is what happened… Continue reading

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Get Government Out Of The Welfare Business

Fighting poverty is a favorite pastime of government because politicians get to portray themselves as champions of the poor. However, the unfortunate few tend to be far fewer in number when aid is extended privately instead of through tax funded programs. Continue reading

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