My Secret Plan to Convert Students to Free-Market Economics and Sound Investing
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Karl Marx on his tombstone (1883)
In the 1930s, the Marxist philosopher
Antonio Gramsci (1891-1937) wrote “The Prison Notebooks” while in prison. In these notebooks, he came up with a brilliant idea to convert the world to Marxism and state socialism. He rejected the Communists’ idea of a violent revolution. Instead, he advocated a long-term strategy of gradually taking over a nation’s culture and institutions.
His method was for Marxists to infiltrate the media, the churches, the foundations, politics, the entertainment industry (Hollywood) and the colleges and universities.
Did the Fed Stop Reporting the Money Supply (M2)? Why Inflation is Coming Back
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Jay Powell, Fed Chairman
Reports are circulating that the Federal Reserve has given up on reporting the money supply because it’s a misleading guide to economic growth and price inflation.
The broad-based M2 has been growing at double-digit-percentage rates for several years M2 is up by 25% in the past year yet price inflation (Consumer Price Index) is still hobbling along at 2% a year.
Last week, Fed Chairman Jay Powell said he has given up on the money supply as an indicator of the economy and inflation.
Special Alert! President Biden Bans Bitcoin, Institutes Fed Dollar
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Gerald Loeb (quoted on p. 149 in “The Maxims of Wall Street”)
But it could happen. Billionaire guru
Ray Dalio warned last week that Biden’s Treasury Secretary
Janet Yellen will “probably ban Bitcoin” and institute its own digital currency, “Fedcoin.”
Yellen has already told the press that she is no fan of a digital currency that is independent of government control.
Countries under an authoritarian regime, like India, under Prime Minister
Narendra Modi, or the United States, under President
Joe Biden, hate to lose control of their currency. Modi has threatened to make the ownership or the mining of Bitcoin illegal in the world’s largest “democracy.”
Who Can Explain This Amazing Graph of Inflation? Take This Quiz! townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.
Are You Bullish or Bearish on America and Wall Street?
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“I’m not a bull, I’m not a bear; I’m a chicken.”
Charles Allmon (“Maxims of Wall Street,” p. 67)
“One nation under God, indivisible, with liberty and justice for all.” – Pledge of Allegiance
It is easy to be bearish on America, with all the shenanigans going on in Washington these days wasteful deficit spending, widespread voting fraud, lockdowns, loss of liberties and the “cancel” culture.
Yet, Wall Street is hitting all-time highs, so there must be something good going on. And
Forecasts & Strategies is beating the market!