Economy

The Real Global Oil Crisis Has Not Begun – Yet. Gird Your Loins….

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Here’s what we know:

The world gets about 20% of its oil via the Strait of Hormuz. The Strait has been closed or nearly closed since the United States launched its war with Iran.

That launch date was February 28th. Today is July 13th. We’re approaching five months of little to no oil getting through the Strait.

That’s so far resulted in 1+ billion fewer barrels in global circulation.

Here’s what we don’t seem to know

The Clash Over Immigration, Part 5: Inside the 1960s Mosh Pit

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In the Clash Over Immigration, Part 4, we examined the collision of the 1) Hart-Celler Act, 2) cancellation of the Bracero program, 3) birthright citizenship, and 4) powerful factions driven by competing, narrow self-interests. This was the turning point for both legal and illegal immigration that is essentially in place today. As such, it is important to stop and record observations before moving on to the next chapter. While others may connect the dots differently, these are my observations.

The Monroe Doctrine 2.0: Europe, It’s Time to Grow Up

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For 75 years, America has been Europe’s security blanket. Maybe it’s time to fold it up. The Monroe Doctrine wasn’t about policing the entire planet—it was about protecting our own hemisphere first. NATO still matters. Article 5 still matters. But Europe’s wealthy democracies aren’t helpless children anymore. Build your armies. Fund your defense. Guard your own neighborhood. Uncle Sam can still be the backstop—but it’s time to stop treating him like an unlimited credit card with a standing military attached.

Why they try communism

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Roger Kimball wrote, “Why socialism will fail,” a pretty nifty if overly intellectualized piece that encapsulates the common smug capitalist prediction of doom because “sooner or later you run out of other people’s money.”

Hahaha, right?

Really? Well, Congress ran out of other people’s money in the 1980s. We have a national debt approaching $40 trillion—$40 million million. Maybe we’re the socialists but we just won’t admit it.

Obama’s red revolution: Communists take credit for the works of capitalism

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Donald John Trump’s magical powers include the ability to make people reveal who they truly are. For example, a decade ago, John Kasich was billed as a conservative governor from Ohio.

He was no more conservative than Paul Ryan or Mitt Romney. This weekend, Kasich said:

The SCOTUS decision said Haitians are going to have to be removed from Springfield, Ohio. Things in Haiti are deteriorating. Sending people back to Haiti to me is crazy. I wish Congress would extend TPS for Haitians.

On January 15, 2010, Obama granted Haitians Temporary Protected Status after an earthquake. That was 197 months ago. The law says TPS lasts 18 months.

TRUMP’S NEW IRAN MISSION: ‘It’s really very simply

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‘The Big Money Show’ breaks down the strong second quarter for stocks as President Donald Trump dispatches a U.S. delegation to Qatar for nuclear talks with Iran, while easing oil prices and geopolitical tensions boost investor sentiment. #foxbusiness #bigmoneyshow

Buckle Up, Buttercup – The AI Investment Bubble is gonna Pop!

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Artificial intelligence may change civilization—but history suggests investors are about to relearn an old lesson. Railroads, electricity, and the Internet all transformed the world, yet each left a trail of bankrupt companies and shattered fortunes before the winners emerged. Is AI different, or are we simply watching another speculative bubble inflate? Buckle up, buttercup. The technology is probably here to stay. The valuations? That’s another story.