Category Archives: Economics

Nearly Two-Thirds of Non-Citizen Households on Welfare, by Joe Schaeffer

SLL has said ad nauseum that open arms welfare states are not compatible with welcome mat immigration policies. From Joe Schaeffer at libertynation.com:

Another day, another revelation as the great fleecing of the U.S. taxpayer continues unabated. A Center for Immigration Studies review of U.S. Census Bureau data reveals a stunning 63% of households in the U.S. headed by non-citizens are on some form of welfare. That’s just shy of two out of every three proving to be a burden to the American people. So much for the lie that massive immigration enriches our nation.

Dead Weight

The information CIS uncovered is infuriating in a number of ways. The 63% figure is almost twice the rate of native-headed American households that use welfare, which is a disturbingly high 35% as it is. But non-citizen households (45%) also utilize food programs at a much higher rate than natives (21%), and disproportionately tap into Medicaid programs as well (50% vs. 23%).

The most telling statistic in the review, however, is that welfare use rises among non-citizens the longer they are in our country. “Of households headed by non-citizens in the United States for fewer than 10 years, 50 percent use one or more welfare programs; for those here more than 10 years, the rate is 70 percent,” CIS discovered.

Rather than serving as a temporary safety net, our welfare programs are proving to be a lifestyle staple for non-citizens sponging off the American taxpayer. Of course, many of these non-citizens do work, but they are low-skilled Hispanics from Central America laboring at poverty-level jobs. A 2015 CIS report found that 67% of households headed by immigrant farm workers are on public assistance of some form. Swollen-eyed Big Ag industrial farmers crying out about the need to find workers willing to do “the jobs Americans won’t do” are in fact having their cheap payrolls subsidized by the welfare programs of this nation.

Bitter Factors

At a time when native-born Americans are working long hours with less vacation time and fewer benefits, we are being forced to carry the millstone of foreign squatters on our backs. Massive immigration has led to overcrowded cities and towns, aggravating traffic congestion that leads to an even more draining daily commute for Americans just so we can we have the privilege of having our wages heavily taxed to financially support the very same invaders who are making our work day more exhausting. This is madness.

Immigrants also suppress wages, especially for low-skilled workers, so that 35% figure of natives utilizing some form of welfare may be so high in part due to the fact that the non-citizens abusing our welfare programs are also making it impossible for a portion of our citizen population to find decent-paying jobs. Thus non-native interlopers are increasing the welfare burden beyond just what they actively take for themselves.

The Trump administration’s Department of Homeland Security has released a draft proposal to prevent immigration by those who are likely to be a public burden on the American people. This new CIS report overwhelmingly confirms the urgent need for such a policy. Anyone opposing this sane safeguard through hollow accusations of “racism” or self-serving pleas for cheap labor is an enemy to the American working man and woman. And we will remember them for it.

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Lenin would be so proud, by Simon Black

By socializing risk, in other words by making others pay for someone else’s mistakes, we make sure those risks will be taken again and again. From Simon Black at sovereignman.com:

Several years ago back in 2004-2006, if you had a pulse, you could borrow money from a bank to buy a house.

In fact, bank lending standards were so loose back then that there were some infamous cases of people who DIDN’T have a pulse who were still able to borrow money.

That’s right. Some banks were so irresponsible that they actually loaned money to dead people.

Of course, it turned out that lending money to dead people… or people with terrible credit who had a history of default, was a bad idea.

And the entire financial system almost blew up as a result of this reckless stupidity.

But then something even crazier happened: the Federal Reserve came in and bailed out all the banks with trillions of dollars of free money.

That was utterly nuts. Instead of being wiped out by their idiotic mistakes, the banks learned that they would always be bailed out no matter how stupid or greedy they acted.

The key lesson was that there would be zero consequences for bad behavior.

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On The Road to a Post-G20 World, by Pepe Escobar

Various multilateral trading blocs have formed and will continue to form as a counterweight to the US’s global dominance. From Pepe Escobar at consortiumnews.com:

The ascendence of China and multilateral trading blocks could eventually spell the doom of the G20 and U.S. global dominance, as Pepe Escobar explains.

The trade war launched by the Trump administration against China may not have been solved by a 2½-hour dinner between Chinese President Xi Jinping and Donald Trump at the G20 in Buenos Aires on Saturday. But it may have opened a path towards a drastic realignment.

Way beyond the histrionics surrounding the “family pic” – and whose nods and winks signaled surefire geopolitical capital – the G20 walked and talked like a last gasp to “save” the current turbo-capitalist world (dis)order.

The sherpas at the G20 lost sleep for two consecutive nights trying to come up with a final declaration capable of appeasing Trump. As virtually every nation at the G20 supports multilateralism on trade, nobody wanted to upset even more the real Big Boss in Buenos Aires: Xi Jinping.

The climax in any case was the U.S.-China bilateral – which carried the potential, if things went downhill, to derail the global economy.

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Socialism Always Ends in Destruction, by Virginia Fidler

Taking legitimately earned money from those who produce it and “redistributing” it to those who don’t, with the government of course taking a hefty cut, is a surefire recipe for ruin, and nothing more. From Virginia Fidler at goldtelegraph.com:

Every attempt at socialism has failed miserably. Venezuela is only the latest country that has tried to implement a socialist paradise, only to inevitably crumble and crash before our eyes. Socialism, and its natural progression, communism, has caused the deaths of 100 million people since its inception 100 years ago.

Just a few decades ago, Venezuela had massive oil reserves and an abundance of other resources. It enjoyed wealth and an excellent standard of living. Today, Venezuelans have no food, no medicine, and the country is driven by corruption and fear. While a starving population is in despair, many are desperately trying to flee paradise. The army, supported by President Madero, is in the street, ready to brutalize any dissenters. Madero and the military are not starving.

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Tick Tock, by Jim Quinn

It’s only a matter of time before it all blows up. It’s probably already started. From Jim Quinn at theburningplatform.com:

“This country, and with it most of the Western world, is presently going through a period of inflation and credit expansion. As the quantity of money in circulation and deposits subject to check increases, there prevails a general tendency for the prices of commodities and services to rise. Business is booming. Yet such a boom, artificially engineered by monetary and credit expansion, cannot last forever. It must come to an end sooner or later. For paper money and bank deposits are not a proper substitute for non-existing capital goods. Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.” – Ludwig von Mises – 1952

Image result for recession

As the von Mises quote proves, economic cycles, artificial booms created by Federal  Reserve easy money and delusional human nature are cyclically constant across the decades. Anyone with an ounce of critical thinking skills realizes the current artificial boom, created by a feckless Fed captured by Wall Street banks and corrupt Washington politicians who took Dick Cheney’s “deficits don’t matter” mantra to obscene levels, will end in another financial crisis. Our Deep State controllers have “solved” a financial crisis caused by too much debt by tripling down on more debt.

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The Many Ways Governments Create Monopolies, by Mike Holly

Almost all effective monopolies are created, blessed, and sustained by governments. From Mike Holly at mises.org:

Politicians tend to favor authoritarianism over capitalism and monopoly over competition. They have directly created monopolies (and oligopolies) in all major industrial sectors by imposing policies favoring preferred corporations and preferred special interests.

In 2017, University economists Jan De Loecker and Jan Eeckhout found monopolies behind nearly every economic problem. They have slowed economic growth and caused recessions, financial crises and depressions. These monopolies restrict the supply of goods and services so they can inflate prices and profits while also reducing quality. In addition, monopolies have decreased wages for non-monopolists by decreasing the competition for workers. This has led to wealth disparity, underemployment, unemployment and poverty

Monopolies have also led to many societal problems. Unlike truly competitive firms, institutions that enjoy monopoly power have more freedom to discriminate against outsiders, especially women and minorities. They block innovation, the key to long-term prosperity. Monopolies have led to imperialism and wars .

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A Golden Renaissance – Precious Metals Supply & Demand, by Keith Weiner

Gold is honest money. As such, it’s discarded and denigrated by dishonest regimes of all stripes. From Keith Weiner at acting-man.com:

Battles for Civilization

A major theme of my work — and raison d’etre of Monetary Metals — is fighting to prevent collapse. Civilization is under assault on all fronts.

Battling the barbarians at the gate… [PT]

There is the freedom of speech battle, with the forces of darkness advancing all over. For example, in Pakistan, there are killings of journalists. Saudi Arabia apparently had journalist Khashoggi killed. New Zealand now can force travelers to provide the password to their phones so the government can go through all your data, presumably including your gmail, Onedrive, Evernote, and WhatsApp.

China is now developing a “social credit” system, to centrally plan the economy and control citizen behavior. Canada has made it a crime to call someone by the wrong gender pronoun. Even in the US, whose First Amendment has (mostly) stood as a bulwark against censorship now has a president who threatens antitrust action against Amazon, because its CEO Jeff Bezos owns the Washington Post, which prints things he does not like.

On college campuses, professors are harassed if they say one thing that the professional sensitives are sensitive to. If a controversial speaker is invited, he risks an angry mob coming to disrupt his talk (or worse).

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