The Millennials

Today, preventing crime is something all need to do. Anti-theft devices help in that goal.

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Historical happenings

7/19/1799 ~ The Rosetta Stone, a tablet with hieroglyphic translations into Greek, is found in Egypt.

7/19/1943 ~ More than 150 B-17 and 112 B-24 bombers attack Rome for the first time..

7/19/1975 ~ Apollo and Soyuz spacecrafts dock in orbit.

Observations

Paul has been calling for the sky to fall for some time. He’s been wrong so far BUT…

…all he has to be is right ONCE!

This is the ‘biggest bubble in the history of mankind and it’s going to burst,’ Ron Paul says

Look to the stock market and you’d assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records.

It’s all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul.

This market is in the “biggest bubble in the history of mankind,” and when it bursts, it could cut the stock market in half, he told CNBC’s “Futures Now” Thursday.

“I see trouble ahead, and it originates with too much debt, too much spending,” Paul said.

This isn’t the first time Paul has made such dire warnings. During a “Futures Now” appearance in August 2017, he predicted a 50 percent drop in the market, a call he has doubled down on a number of times since. Since that appearance, the S&P 500 has rallied 15 percent. [snip]

Paul isn’t alone in his critique. A number of politicians have voiced concern over ballooning deficits, including current House Speaker Paul Ryan, who raised a warning on the nation’s debt in 2012.

The Congressional Budget Office estimates that federal deficits will average $1.2 trillion a year from 2019 to 2028, according to its April economic outlook. Its 2018 deficit estimates rose by $242 billion over previous forecasts made in June 2017. The federal agency said the revision was mainly owing to lower projected revenues tied to tax reform. [snip]

“The government will keep spending, and the Fed will keep inflating, and that distorts things,” said Paul. “When you get into a situation like this, the debt has to be eliminated. You have to liquidate the debt and the malinvestment.”

Paul reiterated his call on Thursday for a potential 50 percent sell-off on the stock market.

One item that can exacerbate the hardship of a sell-off is the amount of investing has been done on margin. That is what caused Oct 29th, Black Friday, to be so bad. When the stocks dropped and the calls to cover margin went out, investors were forced to sell to raise that money. Selling dropped the stock values to fall further with each sale.Oddly enough not all stocks dropped; only those high fliers those shooting up in share price were hit. But that was a large amount of cash value lost.

Idiot’s Corner

It is not wise to prognosticate about items that obviously are disputed by history. But Alexandria Ocasio-Cortez makes a novice statement
stating that history is wrong; she believes Capitalism will end.

Of course in any interview, questioners are not allowed to ask her to prove any of her posits not to ask for a plan to pay for her government freebies. No socialist will ever make such a fiscal position clarified since proving a negative platform is not possible.

Socialist Alexandria Ocasio-Cortez Says Capitalism Will ‘Not Always Exist’

Socialist Alexandria Ocasio-Cortez is the new darling of the Democratic party. In a recent interview, however, the upstart politico running in a hyper-liberal district in New York did not show command of the issues. Ocasio-Cortez was being interviewed by Margaret Hoover on the PBS show ‘Firing Line.’

Hoover asked very basic, softball questions of the young congressional candidate. In explaining her positions on the economy, Hoover asked Ocasio-Cortez “Do you think that capitalism has failed to deliver for working class Americans?” Hoover cited a currently booming US economy and low unemployment.

“Unemployment is low because everyone has two jobs,” Ocasio-Cortez explained, lamenting that people are employed but having to work long hours, “Capitalism has not always existed in the world and will not always exist in the world,” she continued.

Socialist Ocasio-Cortez confronted with booming economy & low unemployment numbers.
She says “Unemployment is low because everyone has two jobs” and “Capitalism has not always existed in the world and will not always exist in the world.”

All Socialists from Marx to Maduro have and are the primary proof of the error in her thinking. Nowhere can she point to her system as being correct, even though many have tried.

Socialism is a program of theft, no matter how one dips it into the honey pot. The opposite of a socialist program is Capitalism which is what people do when not threatened and coerced by a Government. Unless Ocasio-Cortez is referring to pre-industrial tribal societies not even reaching the Luddite level and even there they sell and trade for the benefit of self first.

More of this perhaps is being peddled

Historical happenings

7/16/1882 ~ Mary Todd Lincoln, the widow of Abraham Lincoln, dies of a stroke.

7/16/1945 ~ The United States detonates the first atomic bomb in a test at Alamogordo, N. M.

7/16/1969 ~ Apollo 11 blasts off from Cape Kennedy, Florida, heading for a landing on the moon.

If today musicians put on a show…

… that had some variety and talent.

Historical happenings

7/15/1806 ~ Lieutenant Zebulon Pike begins his western expedition from Fort Belle Fontaine.

7/151901 ~ Over 74,000 Pittsburgh steel workers go on strike.

7/15/1958 ~ President Dwight Eisenhower sends 5,000 Marines to Lebanon to keep the peace.