by Olivia Murray
American Thinker
A socialist who doesn’t want to work is grossly redundant, but apparently Bernie Sanders thinks it must be iterated; according to Chris Pandolfo at Fox Business:
Vermont Senator Bernie Sanders has unveiled a plan that would create a 32-hour workweek with no loss of pay.
Sanders’ bill, titled the Thirty-Two Hour Workweek Act, would reduce the standard workweek from 40 hours to 32 hours over four years by lowering the threshold for overtime pay for non-exempt employees.
Yes, the man who has never had a real job (being a taxpayer leech doesn’t count as legitimate employment) thinks he’s qualified to make policy on what should be a free market. Let’s just go into how unqualified Sanders is, shall we?
First of all, he willingly calls himself a socialist—immediately this admission discredits anything a person has to say, like this meme:
Sixteen female athletes have filed a lawsuit against the National Collegiate Athletics Association (NCAA) pertaining to the continued participation of transgender participants in their respective sports in the US.
Fox News hit the beaches of Fort Lauderdale this week to informally poll Gen. Z Spring Break revelers, asking what they think of Joe Biden’s disastrous economy and the upcoming election.
Gold recently hit all-time highs in all of the major currencies (euro, yen, British pound, yuan). Last Friday (March 1, 2024), priced in dollars gold achieved its highest weekly close and then proceeded to hit new all-time highs. Wednesday (March 6th) gold hit a new all-time high in yuan. I think the move in gold primarily reflects the fact that inflation is picking back up because the Fed has substantially loosened liquidity which in turn has pushed the money supply higher since February. The Monetary Base, M1 and M2 continue to hover around all-time highs. The rising price of gold also reflects the fact that the U.S. banks have big problems with bad debt and the U.S. economic and financial system is becoming increasingly unstable. When the stock bubble pops it will inflict major damage on the economic and financial system.
Another inflation wave is underway, and the Fed will have to decide whether to cut rates into inflation.
One of the more difficult conversations to have even with the most sophisticated of investors, is in the connection between oil and the economy.
“It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen.
Dwight Eisenhower had a huge problem in 1948.
Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.
Price inflation is like the gum on the bottom of your shoe that you just can’t scrape off. Or maybe it’s like a movie theater floor after a big premiere.