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Biden Praises Withdrawn Nominee Who Wanted To Socialize Bank Accounts

While many have accused the Biden administration of creeping toward socialism, Joe Biden’s nomination of Saule Omarova to comptroller of the currency demonstrates a sprint. The administration announced it would withdraw her nomination Tuesday, but that it was made at all indicates the administration’s priorities. Omarova expressed a desire to seize for the federal government sweeping powers over banking, including…

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How The Federal Reserve Keeps Stoking Inflation

The inflation tax that working families face under the Biden presidency has many root causes. But one of the biggest involves an individual most Americans have not heard of: Jerome Powell, chairman of the Federal Reserve Bank. Just as inflation has reached a 30-year-high of 6.2 percent—more than three times the Fed’s inflation target of 2 percent—the central bank keeps…

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Why Republican Populists Should Be All Over The Alabama Coal Miners’ Strike

On Nov. 4, New York City police arrested a group of coal miners peacefully protesting outside the Manhattan headquarters of BlackRock, the biggest financial asset manager in the United States. The demonstrators were there because of a bitter strike by the United Mine Workers of America (UMWA) that began last April against Warrior Met Coal, Inc., which mines non-thermal metallurgical,…

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How Global Capital’s Social Credit Systems Force Corporate America To Lurch Left

While Americans continue to suffer from the effects of a global supply chain shock, seemingly never-ending pandemic restrictions, and skyrocketing inflation, another, potentially even more serious crisis is developing behind the scenes. In meetings in China, Davos, and Wall Street board rooms, bankers, government officials, and, most importantly, investment management firms like BlackRock are transforming the global economy by using…

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Biden’s Treasury Secretary Wants The Federal Government To Monitor Your Bank Accounts Even More Closely

Treasury Secretary Janet Yellen defended the Biden administration’s proposal to force U.S. banks to report any Americans’ transactions of $600 or more to the Internal Revenue Service by claiming that the financial agency already tracks American activity anyway. “Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $10, and this is not…

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American Investors Are At Risk If Congress Continues To Give Fraudulent Chinese Companies A Pass

Concern this week about the possible collapse of China’s Evergrande, which has a massive debt burden of $305 billion, highlights one more reason Congress needs to act to protect U.S. investors from Chinese companies. The Sarbanes-Oxley Act of 2002 mandates the Public Company Accounting Oversight Board (PCAOB) and the U.S. Securities and Exchange Commission (SEC) inspect audit paperwork of all companies…

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Why You Should Blame The Federal Reserve’s Easy Money For Today’s Inflation

Some observers, reading news about the latest report on runaway inflation, might blame the Biden administration’s free-spending policies for devaluing the dollar. But that simplistic assumption both ignores other sources and understates the problems. Much of the responsibility—and the blame—lies within the Marriner Eccles Building in Washington, home of the Federal Reserve. As a new PBS “Frontline” documentary explores, the…

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What Happens When Hedge Funds Buy Up Neighborhoods

A conversation on Twitter this week resurfaced a Wall Street Journal report from April about big investors getting into real estate, overbidding normal people to do so. “If You Sell a House These Days, the Buyer Might Be a Pension Fund,” the title says. “Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.” The…

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