Mar 08 10:21


Housing and Urban Development Secretary Ben Carson is being widely condemned for plans to slash anti-discrimination language from HUD's mission statement in favor of language that emphasizes "self-sufficiency."

The revision, first reported by Amanda Terkel at The Huffington Post, was made "in an effort to align HUD's mission with the Secretary's priorities and that of the [Trump] administration," according to a March 5 memo obtained by Terkel.

The new mission statement is:

"HUD's mission is to ensure Americans have access to fair, affordable housing and opportunities to achieve self-sufficiency, thereby strengthening our communities and nation."

The previous version, which promoted creating "inclusive from discrimination" and is still on the agency's website, was:

Webmaster's Commentary: 

I think where Dr. Carson "missed the mark" was not combining the two, self-sufficiency, coupled with non-discrimination.

But we have to start with the educational system, in this country, which is still highly discriminatory against children of color, as though they should be consistently satisfied with "less than", and turned out at 17 or 18 illiterate, innumerate, and unable to think critically.

This is why we do seem to have a permanent underclass in this country, created, very cynically, by those political interests which thrive on keeping people dependent on the State; that keeps those people consistently voting in one direction, even when that direction has had a miserable outcome for them, their kids, and their grandkids, if, in fact, they are able to survive the mean streets of America's inner cities.

Does anyone remember the magnificent film, "Stand and Deliver", starring Edward James Olmos, which challenged his Hispanic math students and constantly reminded them that they were descended from the Aztecs, who were brilliant mathematicians, and who were doing math a heck of a lot better than were their European counterparts of the same time period?!?

Every kid in this country, no matter their background, deserves a narrative like that; something to both challenge and inspire; because without it, they become lost in the system.

Although Betsy DeVos, Secretary of Education, appeared to be more than a little tone-deaf, as when she made her appearance at Parkland in Florida, perhaps she has the right idea when it comes to privatizing education.

There are private schools which have a very decent track record at helping kids learn better; Kumon comes to mind here, and parents who feel that their kids are "not getting it" in their public educational programs flock to Kumon and schools like it, to make sure their kids can compete, and get into a good college or trade school when they graduate high school.

Perhaps an institution like Kumon should be given a shot at running a charter school in cities where the problems are the greatest with education, places like Baltimore or Chicago. See what the numbers look like, in terms of kids actually learning, compared to the horrific failures most public schools have become.

But in this century, with the advent, and use of AI, coupled with automation, kids need an entirely different set of tools, when it comes to what jobs in the 21st century are going to look like, and what they will need to compete. Fast food jobs will be all but eliminated, with the advent of technologies like "Flippy" taking the place of humans.

Meet Flippy, your burger-flipping robot

All of America's schools, and those who cobble together curriculum for those schools need to be highly mindful of this.

Mar 08 10:02

Step 1. Control The Economic Narrative, Step 2. Dismantle The Central Bank

SEC is now warning that crypto trading platforms might be unlawful. Job market is at full capacity, the only problem is that the quality of jobs is low and wages are declining.

Mar 08 09:39

Euro-Stocks Trashed

Mar 08 09:38

DEADLINE ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Intel Corporation (INTC) & Lead Plaintiff Deadline: March 12, 2018

Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Intel Corporation ("Intel" or the "Company") (NASDAQ:INTC) and certain of its officers, on behalf of shareholders who purchased Intel securities between July 27, 2017 and January 4, 2018, both dates inclusive (“Class Period”). Such investors are encouraged to join this case by visiting the firm’s site:

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

Mar 08 09:27

The four mistakes that will sink the economy

Mar 08 09:11

LAPD defends rising arrests of homeless people

Los Angeles police on Tuesday defended stepped-up enforcement against the city's exploding homeless population, saying that despite officials' anti-criminalization stance and adoption of alternative strategies, arrests and citations are needed to meet the crisis.

"As a last resort, a tool, one tool of many tools, we turn to enforcement," Cmdr. Dominic H. Choi, the LAPD's homelessness coordinator, told the Police Commission during a discussion of the department's year-end homelessness report. "We have to have a balanced approach."

The report said LAPD officers made 14,500 misdemeanor arrests of homeless people in 2017, a 10% jump from the year before. It attributed the increase in part to crackdowns on "quality of life" violations barring sleeping and storing personal property on sidewalks. Trespassing and nonviolent drug possession arrests also rose, the report said.

Mar 08 09:07

Navy, Marine Corps leaders warn that China is 'weaponizing capital'

Top Navy and Marine Corps officials on Wednesday expressed concern over China’s expanding global reach and said the superpower was rapidly buying up foreign land to “win without fighting.”

“When it comes to China, the bottom line there is the checkbook,” Navy Secretary Richard V. Spencer told lawmakers during a House Appropriations defense subcommittee hearing.

“Not only in the dollars and cents that they are writing to support their military expansion and their technological work, but what they’re doing around the globe ... weaponizing capital.”

Spencer referred to Beijing’s current funding of a Sri Lankan port project, a move not done as aid but rather in order to secure it for themselves.

Mar 08 08:26

Protectionism not in Australia's interests: Turnbull

There is a glimmer of hope Australia may be able to secure an exemption from proposed US steel and aluminium tariffs after the White House opened up some wriggle room on national security grounds.

Australia, Canada and Mexico are among the countries trying to dodge the Trump administration's proposed 25 per cent tariff on steel and 10 per cent tariff on aluminium imports.

Mar 08 08:06

Home Flippers Pile Into the U.S. Market, Scoring Higher Profits

Property investors were bullish on the U.S. housing market in 2017, flipping more homes than in any year since 2006, when the real estate bubble that helped upend the global economy was still inflating.

Investors flipped more than 207,000 single-family houses and condos in the U.S. last year, Attom Data Solutions said in a report, which defines flips as sales that occur within 12 months of the last time the property changed hands. More than 138,000 investors flipped a home last year, the most since 2007.

“The long up-cycle that we’re in is giving more and more people confidence to try their hand at home-flipping,” said Daren Blomquist, senior vice president at Attom. Rising home prices are “pulling more people onto the bandwagon.”

Webmaster's Commentary: 

I'm forever blowing bubbles...

Mar 08 07:54

'Corporations Are People' Is Built on an Incredible 19th-Century Lie

Somewhat unintuitively, American corporations today enjoy many of the same rights as American citizens. Both, for instance, are entitled to the freedom of speech and the freedom of religion. How exactly did corporations come to be understood as “people” bestowed with the most fundamental constitutional rights? The answer can be found in a bizarre—even farcical—series of lawsuits over 130 years ago involving a lawyer who lied to the Supreme Court, an ethically challenged justice, and one of the most powerful corporations of the day.

Mar 08 07:51

Stockman Celebrates The End Of The Goldman Sachs Regency At The White House

The financial commentariat and the robo-machines are all in a tizzy this morning because Gary Cohn up and quit. But we say good riddance: The man gave Trump bad advice on nearly every single issue---trade, taxes, fiscal policy and the Fed.

We didn't make any bones about that viewpoint during our appearance on Fox Business this AM. When Maria Bartiromo asked us about Cohn's departure, our reply was: Hallelujah, the Goldman Sachs Regency in the White House is finally over!

Mar 08 07:31

Silver to Gold Ratio

Silver prices move farther and faster than gold prices, both up and down. When long term rallies begin silver often lags gold as in early 2018. The current gold to silver ratio at eighty to one is high. Fifty-nine to one has been the average for 40 years. Prior to 1913 the average was about 15 to one.

An eighty to one gold to silver ratio shows prices for gold and silver are too low. At silver price peaks the ratio will drop to thirty or even fifteen to one.

The silver to gold ratio (inverse of the gold to silver ratio) is a good indicator of silver price lows. Examine the following graph. The ratio sits at a long-term low in early 2018. The four other ratio lows in the past 30 years have been good times to buy silver.

Mar 08 04:05

The Death Of Buy-And-Hold: We're All Traders Now

The percentage of household assets invested in stocks fell from almost 40% in 1969 to a mere 13% in 1982, after thirteen years of grinding losses.

Mar 07 22:59

Report: Amazon Earned Billions In 2017, But Paid No U.S. Income Taxes

Matthew Gardner asks, 'For states contemplating tax incentives for Amazon, the salient question is: what do you give a tax avoider who already has everything?'

Mar 07 20:12

Arizona woman says California 'sanctuary' laws pushed her out of San Diego

(KGTV) - A former Oceanside resident whose son was fatally injured in a 2011 crash involving an undocumented immigrant said

Brenda Sparks, who has since moved from San Diego County to Arizona, said she was forced to leave because California's government "does not want to protect me."

Mar 07 19:33

What Correction?

Mar 07 17:23


The Russians are coming. They hacked our elections. They are lurking behind numerous alternative political movements and news outlets. Such is the overwhelming chorus from traditional reporting on Russia, which sees the United States as being under threat from fanatical Russian expansionism?—?expansionism which has gone so far as to interfere dramatically in the 2016 Presidential elections.

Mar 07 16:52

FLASHBACK - Special report: Romney's steel skeleton in the Bain closet

Apparently they liked what they saw. Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888.

It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets.

Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month.

What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

Mar 07 16:45

Wyoming Legislature Passes Bill to End All Taxation of Gold and Silver

Sound Money Bill Heads to Governor Matt Mead’s Desk

Following a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming...

Mar 07 16:18

Home Prices Sink, Sales Plunge in Toronto

Mar 07 13:47

Brussels will hike charges on billions of pounds worth of US exports to Europe if Donald Trump imposes steel tariffs – including kitchen sinks

Brussels is set to hit back at Donald Trump's steel tariffs by hiking charges on a vast array of exports to the US - including the kitchen sink.

The US President has fired off the first salvos of a trade war by laying out plans to impose tariffs on goods heading for America, even from the country's closest allies.

Theresa May has joined political leaders from around the world to urge the US President not to go ahead with his protectionist plan.

But Mr Trump has rejected their plea, prompting the EU to draw up plans to hit back by slapping higher charges on a range of US exports heading to Europe.

This will include new 25 per cent charges on yachts, peanut butter lipstick, bed linen, motorbikes and trousers.

Mar 07 13:19

Cost Of Housing Has Soared So High Americans Are Sliding Into Poverty

Housing prices in the United States continue to rise at unprecedented rates, forcing many into poverty. This worsening epidemic is explained well in a video by The Money GPS and it’s been engineered this way.

As nations increase taxes and regulations, the price of complying also goes up. Many of these hikes are passed onto to those who are already living paycheck to paycheck forcing them to live in poverty. “You came here for the truth, so let me unveil that for you,” says Money GPS.

Mar 07 13:19

Trump Trade Wars A Perfect Smokescreen For A Market Crash

Trump is instituting potentially solid policies but he is doing so out of order. Tax cuts for corporations should have been enacted only as an incentive for manufacturing jobs to be returned to America. Instead, corporations got tax cuts for absolutely nothing. And will those tax cuts go towards more jobs or innovation? Nope. They will be going to pay off unprecedented corporate debts, and stock buybacks, most of which were accrued through borrowing from the Federal Reserve.

Mar 07 13:18

"We Must Act Soon" - Trump Asks China To Reduce Trade Deficit

Having reached a record high trade deficit with China this morning, President Trump turned his attention from "global" tariffs to China.

Mar 07 13:17

Fed President Warns Trade Wars May Delay Rate Hikes

While the Fed had clearly raised its economic outlook since the December FOMC meeting and into 2018 as a result of recent strong wage inflation prints, that may soon change, and not only because the global economic impulse is suddenly slowing fast as shown by the recent drop in the global economic surprise index...

... but mostly as a result of a potential economic slowdown resulting from Trump trade tariffs.

That was the take home message from Atlanta Fed's (voting) president Raphael Bostic, who suggested that Trump's trade war could offset any positive boost from the Trump fiscal stimulus.

Speaking to reporters in Florida, Bostic said that “some of the developments with the trade policy has introduced some uncertainty as to how the economy is going to perform, so I am really taking a wait-and-see attitude,’’ Asked whether he was deciding between two or three increases, or three or four, he said, “Everything is on the table."

Mar 07 12:47

8 U.S. Code § 1324a - Unlawful employment of aliens

Civil lawsuits take years. Enforcement of pre-existing laws is where this should start. Here is a beginning. Larry Klayman for AG!

8 U.S. Code § 1324 - Bringing in and harboring certain aliens

18 U.S. Code § 2384 - Seditious conspiracy

18 U.S. Code § 2383 - Rebellion or insurrection


18 U.S. Code § 1961 - Definitions

Mar 07 11:37

U.S. Steel To Start Idle Plant, Bring Back 500 Workers

A long-idled U.S. Steel plant says they will call back hundreds of employees and restart one of two blast furnaces in anticipation of increased demand for steel.

The steelmaking facilities are at the company’s Granite City Works plants in Illinois.

Mar 07 11:35

Yield Spread Sends “Recession Warning”

Mar 07 10:50

Investors Get The Rug Pulled Again

Mar 07 10:38

The Rising Interest-rate Trend

Mar 07 09:36

Federal Government Gives $2 Billion If Businesses Hire Aliens Over Americans

The Federal government is still incentivizing businesses to favor immigrants over Americans, to the tune of $2 billion in subsidies across the country, according to the Center for Immigration Studies.

They do this via the Optional Practical Training (OPT) program. This program by the Federal government provides money to businesses that discriminate against American citizens in favor of immigrant ones.

Mar 07 08:36

Millennials Don’t Care About Retirement…

Mar 07 08:32

Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports

First thing this morning, when the market was surging and inexplicably rejoicing in the certainty that Trump would back down on tariffs, a nagging feeling that this was all wrong prompted us to ask "What If Trump Does Not Back Down", and to follow it up with a troubling rumor from Strategas, namely that this is all about China, and would involve a massive amount of tariffs, to wit:

Trump himself has also said that the trade wars have one major target: Beijing, with the rest of the world negotiable collateral damage. Just yesterday, the US trade rep made it clear that both Mexico and Canada would get an exemption from the tariffs once they agreed to a "fair" renegotiation of Nafta.

And beyond the already announced aluminum and steel tariffs, there is another far more troubling aspect, or rather number, to Trump's protectionist push noted by Strategas. The number is $1 trillion.

Mar 07 08:30

Europe Renews Tariffs On Chinese Steel Pipes As High As 72%

As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind.

On Tuesday, as China was trying to define its future trade relations with the US, it was delivered a broadside from the European Commission after Brussels announced it had renewed tariffs on Chinese steel imports, some as high as 71.9%, saying producers in France, Spain and Sweden face a continued risk of imports from China at unfairly low prices. Ironically, that's the same thing that Trump is saying.

Mar 07 07:50

U.S. set to overtake Saudi Arabia as world's biggest oil producer following boom in output

A US oil boom is set to push America past Saudi Arabia to become the world’s top producer.

Driven by high prices and new drilling methods, the US production of crude oil is on track for the biggest single-year gain for more than 60 years.

Analysts claimed yesterday that, if the growth in domestic drilling continues, America will soon overtake Russia and Saudi Arabia – and possibly become ‘the new Middle East’ in another decade. The boom has surprised even the experts.

Mar 07 07:46

American Steelmakers Say China is Dodging Tariffs by Sending Steel Through Vietnam

U.S. Steel, ArcelorMittal and others filing complaints; the United Steelworkers back the effort.

U.S. steelmakers say Chinese steel companies are purposely avoiding U.S. import tariffs by routing their shipments through Vietnam – and they want the Commerce Department to take action to stop it.

Mar 07 07:31

Amazon could become the third-biggest US bank

Mar 07 07:09

Dorm Living for Professionals Comes to San Francisco

In search of reasonable rent, the middle-class backbone of San Francisco — maitre d’s, teachers, bookstore managers, lounge musicians, copywriters and merchandise planners — are engaging in an unusual experiment in communal living: They are moving into dorms.

Mar 07 07:07

Rand Paul Adds 'Audit The Fed' Amendment To Senate Banking Bill

Senator Rand Paul (R-KY) announced on March 5 that he will introduce his “Audit the Fed” legislation, which would permit a full audit of the Federal Reserve System, as an amendment to the Senate Banking Bill. The Senate is expected to vote on the Banking Bill, S. 2155 - officially known as the Economic Growth, Regulatory Relief, and Consumer Protection Act— this week.

“While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It’s time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed’s veil of secrecy. It’s time for us to pass Audit the Fed,” Paul said in his press release.

Mar 07 07:06

Trump Says He'll Exempt Mexico, Canada From Tariffs If 'New & Fair NAFTA Agreement is Signed'

President Trump said on Monday morning that his tariffs on steel and aluminum imports may not apply to Mexico and Canada if those countries agree to a "new & fair NAFTA agreement."

In two tweets, Trump wrote:

"We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying."

Mar 07 06:58

Gold Does Not Fear Interest Rate Hikes

Gold no longer fears or pays attention to Fed announcements regarding interest rates

– Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it

– Higher interest rates on horizon will make debt levels unsustainable

Mar 07 06:57

Paul Ryan Will Hate This=> US Aluminum Manufacturer Announces 300 New Jobs in Kentucky Following Trump’s Tariff Announcement

Speaker Paul Ryan pushed back against President Donald Trump’s announcement to place tariffs on foreign aluminum and steel.

Paul Ryan, a renowned globalist who joined President Obama in pushing the Trans-Pacific Partnership, attacked President Trump on Monday for his announcement to place tariffs on foreign steel and aluminum.

Mar 06 16:41

Europe Renews Tariffs On Chinese Steel Pipes As High As 72%

As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind.

On Tuesday, as China was trying to define its future trade relations with the US, it was delivered a broadside from the European Commission after Brussels announced it had renewed tariffs on Chinese steel imports, some as high as 71.9%, saying producers in France, Spain and Sweden face a continued risk of imports from China at unfairly low prices. Ironically, that's the same thing that Trump is saying.

Mar 06 16:39

Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports

First thing this morning, when the market was surging and inexplicably rejoicing in the certainty that Trump would back down on tariffs, a nagging feeling that this was all wrong prompted us to ask "What If Trump Does Not Back Down", and to follow it up with a troubling rumor from Strategas, namely that this is all about China, and would involve a massive amount of tariffs, to wit:

Mar 06 16:23


Mar 06 15:52

Trump Wants to Impose Steel Tariffs. It Didn't Work for Bush

But the imposition of tariffs set off a chain reaction. The European Union responded with tariffs of its own and a number of countries disputed the tariffs at the World Trade Organization. Less than a year after the announced tariffs, the WTO ultimately ruled that the U.S. had violated international trade agreements by imposing the tariffs, opening the door for sanctions and retaliation.

And, in fact, the European Union ended up hitting Bush where it hurt. The bloc planned tariffs on a wide range of products, including many produced in key swing states where job losses could hurt Bush’s chances of re-election. In late 2003, Bush reversed the sanctions in a move that would be branded as a flip flop.

Mar 06 15:49


Mar 06 15:44

Burger-flipping robot begins first shift

Flippy, a burger-flipping robot, has begun work at a restaurant in Pasadena, Los Angeles.

It is the first of dozens of locations for the system, which is destined to replace human fast-food workers.

Mar 06 15:24

Trump tariffs: President says EU makes business 'impossible'

US President Donald Trump has said European Union trade rules make it "impossible" for American firms to do business with the bloc.

Defending his tariff plans as he hosted the Swedish PM at the White House, Mr Trump said other countries had "taken advantage of" the US for decades.

His guest, Stefan Lofven, said: "I am convinced that increased tariffs will hurt us all in the long run."

The EU has drawn up a $3.5bn (£2.5bn) hit list of retaliatory tariffs.

Motorbikes, whiskey and T-shirts are on the bloc's list of 100 American products, the BBC understands.

Mar 06 13:55

Why Your Broker May Break You

Mar 06 11:02

Sen Rand Paul -- "Audit the Fed"

'Audit The Fed' Amendment Introduced By Rand Paul

FoxNews -

Mar 06 10:35

The Day Liquidity Died

Mar 06 10:24

America as a System

Are you perturbed by what’s happening in America? Are you shocked by inequality, disappearing middle class, declining quality of health, police brutality, gun violence, ever-growing national debt, government’s Orwellian monitoring, etc.? You are not alone, but all these are confusing only if you think in terms of an “American government” or “American corporations” or “American banks” that have, or should have, unique loyalty or consideration towards the people who happen to live here.