by Wolf Richter, Wolf Street:
Tesla will lose federal subsidies; so something big needs to be done.
The California state Assembly passed a $3-billion subsidy program for electric vehicles, dwarfing the existing program. The bill is now in the state Senate. If passed, it will head to Governor Jerry Brown, who has not yet indicated if he’d sign what is ostensibly an effort to put EV sales into high gear, but below the surface appears to be a Tesla bailout.
Tesla will soon hit the limit of the federal tax rebates, which are good for the first 200,000 EVs sold in the US per manufacturer beginning in December 2009 (IRS explanation). In the second quarter after the manufacturer hits the limit, the subsidy gets cut in half, from $7,500 to $3,750; two quarters later, it gets cut to $1,875. Two quarters later, it goes to zero.
by Michael Snyder, The Economic Collapse Blog:
Disneyland is known as a place “where dreams come true” and where every story always has a happy ending. But there is going to be no happy ending for the U.S. economy. Wishful thinking has resulted in one of the greatest stock market rallies in history in recent months, but like all childhood fantasies, it won’t last. The real economy continues to deteriorate, and we can see this even right outside of the gates of Disneyland. Every night growing numbers of homeless people sleep on the pavement just steps away from “the happiest place on Earth”. It can be fun to “play make believe” for a while, but eventually reality always catches up with us.
by SGT, SGT Report:
Former US Assistant Housing Secretary and Publisher of the Solari Report Catherine Austin Fitts joins me to discuss the TRILLIONS of dollars missing from the coffers of the DOD, NASA and HUD.
Catherine says that the same forces the have looted our nation are also interested in destroying the US Constitution. Fitts explains:
“The people who run this country want to implement slavery. They believe in slavery. They practice slavery. They will chip you. They will take your kids and use them for pedophilia, they will try to make pedophilia legal.“
by Tom Luongo, Russia Insider:
The time is now for Trump to use whatever leverage he can muster against McCain and marginalize the neocon wing of the GOP
When I look back on the events of the last week I see one common theme, Donald Trump is pushing back against his biggest enemy, John McCain. From the moment Trump and Vladimir Putin announced the ceasefire zones at the G-20, the U.S. opposition went into full anti-Russian meltdown mode.
Donald Trump Jr’s Russian lawyer troubles were held back to be used to control the narrative post G-20. After that we have the slow drip of similarly thin evidence of the Trump campaign canoodling with the enemy last year to dig up dirt on Hillary Clinton.
by James Corbett, The International Forecaster:
…what if we had governments coming up with the desired outcomes, behavioral scientists determining how to manipulate users into producing those outcomes, and game designers figuring out the best way to put those ideas into a game? Wouldn’t that be the most powerful and effective way to alter the habits and behaviors of a given population?
I warned you in 2010 when I published Episode 145 of my podcast, “You Are Being Gamed.” I warned you in 2015 when I released my video on “Sesame Credit: China’s Creepy New Social Engineering Experiment“. I warned you last year in these very pages when I penned my article detailing how “The CIA’s ‘Pokémon Go’ App is Doing What the Patriot Act Can’t.“
by Steven MacMillan, New Eastern Outlook:
The end of May marked the death of a man who had been at the center of global affairs for decades. Zbigniew Brzezinski, born in Warsaw in the 1920s, was one of the most influential foreign policy advisers in the US, who also played a pivotal role in the drive towards further global integration.
Brzezinski earned his Ph.D. from Harvard in 1953, and subsequently became a professor at that university, before moving on teach at Columbia University. From 1966 to 1968, he was a member of the Policy Planning Council at the Department of State, and in 1968, he served as chairman of the Humphrey Foreign Policy Task Force for Hubert Humphrey’s presidential campaign.