by Michael Snyder
The Economic Collapse Blog
Every night, huge groups of young people are literally taking over streets in large cities all over America. In many cases, major intersections are completely blocked off for stunts and dangerous competitions involving vehicles. These events are called “street takeovers”, and they are often accompanied by theft, violence and other acts of crime. You have probably heard of “street takeovers” happening in big metropolitan areas such as Los Angeles, Seattle, New York and Chicago, but at this point they are even happening in many rural areas. In fact, I just came across an article about how street takeovers have become a major problem in the state of Maine. As you will see below, the scale of these events is often so large that police will just sit back and do nothing to stop them. When they are outnumbered a hundred to one or a thousand to one, the police are often extremely hesitant to try to break things up.
Some of the biggest “street takeovers” in the nation occur in northern California, and this past weekend was certainly no exception…
We remain besieged by responses to our D-Day coverage.
Following the conventional path is a deadend. It isn’t easy to carve a path outside the well-worn pathways of debt servitude, but it is possible.
On the 1st of October 1791, the 755 freshly elected members of France’s brand-new Legislative Assembly took their seats for the first time in Paris’s famous Salle du Manege– an indoor horse-riding arena that had been converted into a giant meeting hall.
The first thing you need to know about crypto is that some of the smartest minds in investment and technology have studied crypto carefully and determined it’s a total sham.
If the economy is fine, why are so many signs of trouble erupting all around us? Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers. When you take an honest look at the cold, hard numbers that the economy keeps producing, there is only one logical conclusion. Our entire system is crumbling, and it appears that conditions will soon get significantly worse.
When socialist schemes fail, as they inevitably do, our attention is immediately drawn away from the destruction they cause to the “good intentions” behind the schemes. They meant well. Their good intentions override their disastrous results. One reason why good intentions are important to both sides of the political divide is that good intentions play well to voters. A good example of this is the national debt crisis in the United States. The economist Samuel Gregg points out that while both parties pledge to resolve the growing national debt, both parties regard the measures necessary to resolve the situation as electoral suicide: “America’s National Debt challenge constitutes a political iron cage for Democrat and Republican legislators alike. While they can talk a big game about courageously tackling the problem, the political consequences of actually doing so are deeply unattractive for both parties.” The politicians’ desire to present voters with some obviously well-intentioned schemes overrides their commitment to resolving the problem. They are well-aware that any subsequent failures will be overlooked or forgiven in light of their good intentions.
Swanton Sector Border Patrol agents arrested more than 3,000 migrants in May, setting a new record for the Canadian border sector. The arrests bring this fiscal year’s total to more than 10,000 — another sector record.
Public Choice originated as a heterodox corrective to a misguided focus on “market failure,” a central concept in the welfare economics literature of the 1950s. The orthodox work compared real-world markets with the “ideal” allocation of resources that would be selected by an omniscient, benevolent despot.
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman scrutinize President Joe Biden’s executive order updating asylum restrictions at the U.S.-Mexico border in response to illegal border crossings.
The Trump era has seen a new election phenomenon: Modern-day American Bolsheviks in blue cities have been distorting local elections by counting votes well past election day. Fortunately, there are ways to combat this election distortion plague.
Volatile Few Months for Silver Prices