by Jeffrey A. Tucker
The American Institute for Economic Research
There are public protests against lockdowns in Denmark, Italy, France, and all over Europe. They are growing in numbers and fury. Why not the US? Scott Atlas suggested in passing that Michigan residents “rise up” against new lockdowns in Michigan, and major media collectively fainted in shock. Preposterously, he was forced to clarify that he didn’t mean violently.
I came across a Twitter account from one protestor who demanded to know where the Americans are in all of this. Why is this country that once inspired the world with its tenacious love of liberty and a strict Bill of Rights allowing its society and economy to be strangled by some of the tightest stringencies in the world?
Central banks continue to be obsessed with inflation. Current monetary policy is like the behavior of a reckless driver running at two hundred miles per hour, looking at the rearview mirror and thinking, “We have not crashed yet, let’s accelerate.”
Last Thursday, during the House Financial Services Committee hearing with federal regulators of banks, Congresswoman Katie Porter of California told the Vice Chairman for Supervision of the Federal Reserve, Randal Quarles, that the Fed has a “big problem.” Porter has a Harvard Law degree and was previously a law professor at the University of California Irvine School of Law. If Porter believes the Fed has a legal problem, it is highly likely it does.
The Gesundheitsfuhrer of Virginia has just decreed – no law having been passed – that the Holy Rag must be worn in all indoor spaces beginning Sunday and also that the cattle may not gather in groups of 25 or more.
A premature US military exit from Afghanistan could have disastrous consequences, US Senate Majority Leader Mitch McConnell said in a statement on Monday.
I have read one article after another calling this market delusional, wrong, crazy, impossible, dangerous, a bubble, etc. And what is common amongst all these articles is that none of the authors expected the market to rise this high. Moreover, they all point to Covid as the primary reason for their bearishness. So, when they don’t understand what is going on, they resort to name calling.
Former Vice President Joe Biden has not been officially declared the winner of the 2020 presidential election, but that has not stopped him from forming a coronavirus task force. The task force is composed of supporters of increased government control.
A “growing list” of Michigan state lawmakers are calling for Democratic Gov. Gretchen Whitmer’s impeachment over her handling of the coronavirus.
The coronavirus burns across the country, after infecting more than 11 million Americans and killing another 246,000, as two separate vaccines promise the beginning of the end of the pandemic. Joe Biden presses Donald Trump — if he won’t concede the presidential election yet — to at least share the White House immunization plan with the incoming administration. Call it the “C’mon, Man” Appeal.
President Trump called Nevada’s Clark County’s decision to not certify one of its local races due to a number of discrepancies “a big victory,” and suggested that the issue could be evidence of a wider problem in the state.
Harvard Law School professor emeritus Alan Dershowitz has penned an op-ed in Newsweek in which he says that Raphael Warnock’s anti-Israel views could — and perhaps should — cost Democrats in the upcoming Georgia runoffs for U.S. Senate.
Biden has appointed a radical slavery reparations advocate to his Treasury Department transition team. Mehrsa Baradaran, a UCLA professor, advocates reparations as the way to correct “white supremacy.” As I have reported, scholars have concluded that there are probably as many and perhaps more white descendants of slaves in the US than black descendants.
With the US dollar continuing to struggle, here are more bullish catalysts for the gold and silver markets.
Donald Trump began his presidency by asserting, based on “alternative facts,” that he had attracted “the largest audience to ever witness an inauguration.” He is ending his presidency by averring that Saturday’s pro-Trump rally in Washington, D.C., attracted more than 1 million people. And just as he claimed that he would have won the popular vote in 2016 if it weren’t for “the millions of people who voted illegally,” he is now insisting that the Democrats stole this year’s presidential election by altering “millions of ballots.”
A few days ago, Sidney Powell said the Trump team would release the Kraken (a mythical giant squid that shatters sailing ships) against the election results that claim that Biden won. On Sunday, Powell spelled out what this Trump Kraken looks like — and she vouches for its existence. Based on the details she imparted, the Biden dinghy (for it’s certainly not a ship of state) isn’t just going to take on water; it’s going to a long deserved rendezvous with Davy Jones’s locker.