by Mish Shedlock, The Maven:
HR 5404 A bill to define the dollar as a fixed weight of gold was introduced to the Committee on Financial Services on 22nd March 2018 by congressman Alex Mooney.
by Kerry Lutz, Financial Survival Network:
John Rubino is back… Things are getting challenging at Tesla Motors. However, they did manage to produce over 5k cars last week, with the help of a temporary tent-covered production line. Can they keep it up? Does anyone really care anymore? Elan Musk has 9 lives, let’s see what happens next. What is prime real estate? John tells you what he thinks and beware of REIT’s. And finally, there’s trouble brewing in DC, but when hasn’t there been? Trump may wind up appointing 4-5 Supreme Court Justices. Will it lead to revolution or civil war?
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by Chris Martenson, Peak Prosperity:
My years working in corporate strategy taught me that every strategic framework, no matter how complex (some I worked on were hundreds of pages long), boils down to just two things:
Vision is the easier one by far. You just dream up a grand idea about where you want the company to be at some target future date, Yes, there’s work in assuring that everybody on the management team truly shares and believes in the vision, but that’s a pretty stratightforward sales job for the CEO.
by Charles Hugh Smith, Of Two Minds:
We’re in the endgame of financialization and globalization, and it won’t be pretty for all the hostages of corporate profits.
Though you won’t read about it in the mainstream corporate media, the nation is now hostage to outsized corporate profits.
The economy and society at large are now totally dependent on soaring corporate profits and the speculative bubbles they fuel, and this renders us all hostages: “Make a move to limit corporate profits or speculative bubbles, and your pension fund gets a bullet in the head.”
Not just pension funds, of course; tax revenues will also be taken out and shotas most of the state and federal income taxes are paid by high-earners and those skimming capital gains from stock options and stock-based compensation packages.
by Prof Michel Chossudovsky, Global Research:
This article (edits and updates in 2018) focusses on China’s capitalist system under a “Communist” label.
Wages are exceedingly low, productivity is high. These are the social realities of commodities “Made in China”, marketed Worldwide.
China is an advanced capitalist economy integrated into the World market. Wages for non-skilled labor in Chinese factories are as low as 100$ a month, a small fraction of the minimum wage in Western countries.
The factory price of a commodity produced in China is of the order of 10% of the retail price in Western countries. Consequently, the largest share of the earnings of China’s cheap labor economy accrues to distributors and retailers in Western countries.
by Wolf Richter, Wolf Street:
Payback time for the financial sector that was bailed out by taxpayers, the new government thinks.
It’s payback time for Spain’s financial sector. At least that’s what the country’s new center-left coalition government appears to believe. After receiving the biggest financial bailout in the country’s history — over €60 billion in direct state aid, and as much as €371 if you include all the recapitalisations, the mass buyouts of impaired assets, the deferred tax credits and government guarantees — it’s time for the banks, which have been racking up profits of late to return the favor.