Howard is otherwise busy firing people and disbanding volunteer industry groups who help the government create important statistics and guidance about things like gross domestic product, population, trade, etc. which people rely on every month to forecast the economy.
Friday, March 21, 2025
Tuesday, March 4, 2025
Trump's grifting, shape-shifting billionaire crypto czar David Sacks calls Zelenskyy a grifter lol
David Sacks, a Jewish South-African, is another one of Trump's end-run-around-the-rules appointees like Elon Musk.
Like Musk he is one of Trump's "special government employees" who was not confirmed by the US Senate and who has not divested from all of his private business activities while he influences federal government policy. There is no government oversight of David Sacks.
Sacks licks his finger and checks the wind direction like the rest of his parasitical tech bro friends. He has made large political contributions in the past to the campaigns of both Mitt Romney and later to Hillary Clinton, as well as to RFK Jr., among others.
Like J. D. Vance, he believes in nothing very much except what's good for himself and his friends. "They are very rich people who want to buy political power", according to Edward Luce (below).
Sacks spews a litany of falsehoods about Zelenskyy and Russia's invasion of Ukraine here in an interview with the numbskull Jesse Watters. He has stated that Ukraine provoked the Russians to attack in 2022, a belief which Republicans booed last summer because it isn't true, according to Edward Luce of The Financial Times, who was there:
Sacks said on the opening night of the Milwaukee Republican convention,
which I am also attending, that the US “provoked” Russia to invade
Ukraine. As much as Sacks denies strenuously that he was booed by
delegates. I beg to differ. The sceptical reception to Sacks’
Putin-friendly diatribe was the least unreassuring moment of what is the
most dystopian political convention I have witnessed.
Thursday, February 13, 2025
The billionaires never say, Raise taxes now or face an economic heart attack
The word "tax" appears nowhere in this story.
Ray Dalio is worth $19 billion.
Friday, January 3, 2025
Toddler billionaire throws tantrum, strips critics of paltry incomes earned on X in bid to shrink platform to his size
Elon Musk Defends Stripping Critics of Monetization Amid Free Speech U-Turn
Musk continued to receive even more backlash after he doubled down on his stance, endorsing a post which suggested Americans were too “retarded” to be hired for skilled positions and warning his critics in an expletive-laden rant.
Saturday, December 7, 2024
Billionaire Marc Andreessen loves him some plutocracy, which his beloved Thomas Jefferson would have taxed into oblivion
Trump's so-called party of populism has given us a cabinet teeming with billionaires.
Welcome to rule by the rich. We deserve them, good and hard.
Andreessen's hero, Thomas Jefferson, would have taxed them all into oblivion to keep their baneful influence from destroying republican government. Thomas Jefferson was an advocate of what we have known as steeply progressive taxation.
But billionaire Andreessen thinks you are too dumb even to know that.
Hell, he's probably too dumb to know that.
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"Exempt all from taxation below a certain point, and tax the higher portions of property in geometrical progression as they rise." |
Sunday, October 27, 2024
Sunday, June 23, 2024
Thursday, May 30, 2024
Nominal GDP for 1Q2024 was revised down $28.6 billion in the second estimate today: What's the big picture?
Nominal GDP came in at a revised $28.255 trillion.
Sounds like a lot, right?
Here's the big picture.
From 1947 to 2000, nominal GDP grew at a compound annual rate of 7.26%.
From 2000 to 2024, nominal GDP grew at a compound annual rate of 4.42%, 39% lower.
The year 2000 marks the US opening to China, and the great wealth transfer out of the US from the middle class under globalism, creating new middle classes there and elsewhere.
We are poorer for it, but we have lots more billionaires now and you can read all about it on your Apple iPhone made by slave labor while you eat your 40% more expensive hamburger from McDonalds since 2019.
Friday, March 22, 2024
USA overwhelms China for most millionaires and billionaires, but 13,500 wealthy Chicoms fled China in 2023
The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report.
There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to the 2024 USA Wealth Report from Henley & Partners and New World Wealth.
Over the past five years, the population of millionaires in the U.S. has grown 35%, nearly twice as fast as China’s. The U.S. is now home to 37% of the world’s millionaires, up from 35% in 2018.
The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China’s 2,352. The U.S. has about 788 billionaires to China’s 305.
“The USA remains the world’s undisputed leader in private wealth creation and accumulation,” according to the report.
Dominic Volek, group head of private clients at Henley, said the strict Covid lockdowns in China coupled with increases in its government intervention in the private sector have slowed the growth in wealth creation.
“China has certainly slowed a lot due to these elements and the U.S. has benefited,” he said.
The shift from China to the U.S. is also reflected in wealth migration patterns. A net 13,500 Chinese millionaires left China in 2023, marking a new record. The U.S. had a net inflow of 2,200 millionaires in 2023 and a projected inflow of 3,500 in 2024, according to the Henley report.
Friday, September 15, 2023
Thursday, May 4, 2023
Friday, January 27, 2023
Wednesday, September 29, 2021
Hey, just like the CDC!
YouTube is again changing policies that it has held onto for months.
Seriously, this story (WaPo: "YouTube is banning prominent anti-vaccine activists and blocking all anti-vaccine content") is the most contemptible story I've read in weeks:
Some anti-vaccine influencers, including Mercola, also sell natural health products, giving them a financial incentive to promote skepticism of mainstream medicine.
AS IF THERE IS NO FINANCIAL INCENTIVE TO PROMOTE VACCINES WHICH HAVE CREATED AT LEAST NINE NEW BIG PHARMA BILLIONAIRES IN THE LAST YEAR.
HA HA HA HA HA!
We're all a bunch of nuts who must be grouped under one umbrella, you see:
The anti-vaccine movement now also incorporates groups as diverse as conspiracy theorists who believe former president Donald Trump is still the rightful president, and some wellness influencers who see the vaccines as unnatural substances that will poison human bodies.
WHEN DO THE CAMPS OPEN? CAN I MAKE A RESERVATION? WILL MY GAS MASK BE CONFISCATED?
The Johnson and Johnson vaccine rollout, which was linked to a bunch of blood-clotting incidents, did more damage to the C19 vaccine cause than anything said by 12, TWELVE!, YouTubers who are now being banned. US vaccinations per million of population peaked around April 13th when J&J was paused, BY THE CDC!, and rapidly declined, never to recover, marking the height of enthusiasm for the shots.
Look in the mirror you WARP SPEED fools.
Wednesday, August 25, 2021
Laugh of the Day: Peter Meijer, MI-03, the Republican version of drama queen AOC, pulls stunt and flies into Kabul
Peter Meijer, billionaire scion, West Point drop out, & leader of an aimless, mediocre life, is a drama queen who desperately wants to cover himself with the patina of the brave soldier in extreme circumstances one last time before it's all over. Just like Jan 6.
Monday, July 26, 2021
You idiots who attend the Vaccine Church have just helped mint 9 new pharma-billionaires
Pandemic sweeps the nation.
Fascist America under Trump mobilizes pharmaceutical industry to rush vaccines into development, investing billions of dollars in the efforts.
Industry resurrects a discredited drug delivery mechanism and calls it a vaccine. Smelling $$$, it prepares for mass vaccination but doesn't run trials proportionate to that effort, and then cuts off the placebo arm prematurely, making a complete hash of it.
Government gives Emergency Use Authorization, not FDA Approval, to permit these corporations to experiment on the US population during an "emergency".
The corporations, and the government, are exempted from liability.
A fearful population whipped into a hysteria by propaganda paid for with borrowed dollars lines up like sheep to take the vaccine under a new administration but the same old fascism.
Presto! 9 new billionaires:
The 9 new vaccine billionaires, in order of their net worth are:
- Stéphane Bancel, Moderna’s CEO (worth $4.3 billion)
- Ugur Sahin, CEO and co-founder of BioNTech (worth $4 billion)
- Timothy Springer, an immunologist and founding investor of Moderna (worth $2.2bn)
- Noubar Afeyan, Moderna’s Chairman (worth $1.9 billion)
- Juan Lopez-Belmonte, Chairman of ROVI, a company with a deal to manufacture and package the Moderna vaccine (worth $1.8 billion)
- Robert Langer, a scientist and founding investor in Moderna (worth $1.6 billion)
- Zhu Tao, co-founder and chief scientific officer at CanSino Biologics (worth $1.3 billion)
- Qiu Dongxu, co-founder and senior vice president at CanSino Biologics (worth $1.2)
- Mao Huihua, also co-founder and senior vice president at CanSino Biologics (worth $1 billion)
The 8 vaccine billionaires who saw their wealth increase are:
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Wednesday, May 26, 2021
That lunatic billionaire Ronald Unz not only thinks America developed COVID-19 as a bioweapon, but released it in Wuhan
He also believes the China data:
(6) Unfortunately for these plans, the Chinese government reacted with astonishing determination and effectiveness, and soon stamped out the disease. Meanwhile, the lackadaisical and incompetent American government largely ignored the problem, only reacting after the massive outbreak in Northern Italy had gotten media attention. Since the CDC had botched production of a testing kit, we had no means of recognizing that the disease was already spreading in our country, and the result was massive damage to America’s economy and society. In effect, America suffered exactly the fate that had originally been intended for its Chinese rival.
Sunday, May 9, 2021
Good a day as any to remember that Alan Greenspan in 2007 explicitly advocated for immigration to suppress the wages of skilled laborers
Greenspan: Let more skilled immigrants in :
"Our skilled wages are higher than anywhere in the world," he said. "If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income."
Yeah, the problem isn't millionaires and billionaires concentrating wealth in their hands, it's the goddamn skilled laborers who must be stopped, the engineers, scientists, doctors and teachers, the crane operators, CDL truck drivers, machinists, drafters, plumbers, craftsmen, cooks and accountants.