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BlackRock Backtracks on Stakeholder Capitalism

BlackRock finally admitted that their ESG policies in the name of shareholder capitalism have been bad for business. “BlackRock’s business, scale and investments subject it to significant media coverage and increasing attention from a broad range of stakeholders,” the company stated in it’s annual filing with the SEC. “This heightened scrutiny has resulted in negative […]

Why War is Inevitable & the Outcome

One of the basic rules of war is that you always keep two fronts going simultaneously. The first is the obvious battlefield. However, the second is communication. Suppose you DO NOT keep communication open through the back channels. In that case, there is NEVER the possibility of PEACE, and the war then becomes concluded only when […]

December Marked the Largest Border Breach in US History

The backlog at the US-Mexico border has surpassed 3 million. US Border Patrol processed over 225,000 migrants in the first 27 days of December. This does not include the thousands who bypassed the ports of entry, which in and of themselves is a complete joke as no one is required to prove their identity. American […]

White House Insists Media Praises Bidenomics

News outlets are circulating that the White House is “deeply frustrated” that the media is not glorifying the unseen success of Bidenomics. A source told the Hill that meetings are taking place to discuss how they can gaslight the public into believing that the Biden Administration has improved Americans’ financial situation. “The meetings are intended […]

Bidenomics FAILED

Government officials do not understand why Americans are disappointed with Bidenomics. Biden’s own team did not realize the term “Bidenomics” was intended to mock the president’s policies and they have adopted it as their own. “Bidenomics is about growing the economy from the middle out and the bottom up, not the top down,” Joe Biden […]

US Treasury Secretary Unclear on the Concept of a “Deficit”

We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit, improve customer service for Americans, and make sure that wealthy tax cheats pay what they owe. — Secretary Janet Yellen (@SecYellen) October 31, 2023 I have both good and bad […]

Market Talk – October 31, 2023

  ASIA:   China’s economy faces instability post-lockdown, with slowed trade and a substantial $9 trillion debt burden. Additionally, there’s a concerning issue with employing young college graduates, as the youth unemployment rate for ages 16 to 24 reached a record 21% in May 2023, compared to the US rate of 7.4% in the same […]

Market Talk – September 26, 2023

ASIA:   The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]

United States Debt Downgraded to AA+

Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet Yellen. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement […]

Market Talk – May 24, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]