In order to sidestep and avoid Democratic obstruction with a Trump Supreme Court nominee; It is time Trump ordered Republicans Senators to employ  the “Constitutional Option” or Nuclear Option. The nuclear or constitutional option is a parliamentary procedure that allows the U.S. Senate to override a rule or precedent by a simple majority of 51 votes, instead of by a supermajority of 60 votes. The presiding officer of the United States Senate rules that the validity of a Senate rule or precedent is a constitutional question. They immediately put the issue to the full Senate, which decides by majority vote. The procedure thus allows the SenateRead More →

The ECB’s nationalization of the European corporate bond sector continues. In the ECB’s latest update, the six central banks acting on behalf of the Euro system provided an update on the list of corporate bonds they bought. They bought into 810 issuances with a total of €573bn in amount outstanding. For the week ending 27th January, the bond purchases stood at €1.9bn across sectors. This increases the number of securities held by the ECB to 813, and lift the ECB’s total corporate bond holdings to €58.82b, which means that as of the latest weekly data, the ECB now owns 10.2% of the total €575.42BN inRead More →

Submitted by Charles Hugh-Smith via OfTwoMinds blog, How about moving the power to create money from the apex of the pyramid down to its lowest level? Let’s spend a moment deconstructing the word “capitalism.” Note it contains the word Capital. So far so good. Obviously the key concept here is capital. So what is “capital”? It turns out there are multiple kinds of capital. The most familiar kinds are tangible: cash, orchards, factories, water rights, tools, and so on. Then there’s credit. If you have unlimited credit at very low rates of interest, you can buy all the tangible capital you want, as long asRead More →

I can understand the cost of healthcare rising as we have many new procedures and remedies that we are able to purchase. Healthcare that was not purchased 20 years ago. Cancer remedies, bionic joints. All of these are added purchases…What is responsible for the added cost of a K-12 and 4 year college education???Read More →

Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth Following today’s extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama’s economic reign. Not only is the average annual growth rate of just 1.48% during Obama’s business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth. An average annual GDP growth of 1.48% during Obama’s two terms…   As a reminder to a few blinkered media types, this means PresidentRead More →

Well, Trump slept on it, and… nothing changed. Confirming that the tensions between the US and Mexico are only set to escalate after a diplomatically volatile day, in which president Pena Nieto unexpectedly pulled out of his Jan. 31 meeting with the US president, prompting the White House to first suggest it could impose a 20% border tax on Mexican imports, only to back off from the statement hours later, moments ago Trump tweeted that “Mexico has taken advantage of the U.S. for long enough. Massive trade deficits & little help on the very weak border must change, NOW!” Follow Donald J. Trump ✔@realDonaldTrump MexicoRead More →

Submitted by Charles Hugh-Smith via OfTwoMinds blog, Meanwhile, back in reality, household income for the bottom 95% has declined while the owners of capital and their privileged, protected servants in the Establishment have gorged themselves on private wealth. As noted yesterday in The Collapse of the Left, the working class has finally awakened to the Left’s betrayal and abandonment of labor in favor of the protected privileges of the elitist Establishment. I also described the Left’s Great Con: To mask the collapse of the Left’s economic defense of labor, the Left has substituted social justice movements for economic opportunities and security. This has succeeded brilliantly,Read More →

In Blow To Theresa May, UK Supreme Court Rules Parliament Must Vote Before Brexit Can Start In a blow to Theresa May’s ambitions to implement a “clean Brexit”, on Tuesday morning UK’s Supreme Court ruled the UK Prime Minister can’t start the Brexit process without approval from Parliament, a decision that could potentially complicate her path toward a clear break from the European Union. Eight justices voted against the government and three voted in favor of it, in a decision that was widely expected. The case had been brought by a group of British citizens opposed to Brexit with the help of some of theRead More →

In order to sidestep and avoid Democratic obstruction with a Trump Supreme Court nominee; are you in favor of the Senate employing the “Constitutional Option” or Nuclear Option”?? The nuclear or constitutional option is a parliamentary procedure that allows the U.S. Senate to override a rule or precedent by a simple majority of 51 votes, instead of by a supermajority of 60 votes. The presiding officer of the United States Senate rules that the validity of a Senate rule or precedent is a constitutional question. They immediately put the issue to the full Senate, which decides by majority vote. The procedure thus allows the Senate toRead More →