We have observed on multiple occasions that Donald J. Trump is an unhinged, egomaniacal Caesarist who knows no limits to power. Indeed, it would appear that he believes himself to be the CEO of the world, bombing Iran last weekend for the good of mankind despite the fact that it poses no military threat whatsoever […]
As the clock ticks away on the Donald’s two weeks ultimatum to Iran—-surrender or I will bomb you to smithereens—the bright line between legitimate homeland security, on the one hand, and the pursuit of Empire, on the other, has never been more illuminated. The fact, is there is no basis in homeland security for POTUS’ […]
Country |NPT Status|Enrich Capacity|Purpose
-----------|----------|---------------|-------
USA |NWS, 1968 |15M SWU/yr |Civilian/Military
Russia |NWS, 1968 |26M SWU/yr |Civilian/Military
UK |NWS, 1968 |4.5M SWU/yr |Civilian/Military
France |NWS, 1992 |7.5M SWU/yr |Civilian/Military
China |NWS, 1992 |10M SWU/yr |Civilian/Military
Germany |NNWS,1969 |4M SWU/yr |Civilian
Netherlands|NNWS,1968 |5M SWU/yr |Civilian
Brazil |NNWS,1998 |0.1M SWU/yr |Civilian
Japan |NNWS,1970 |1.5M SWU/yr |Civilian
Iran |NNWS,1968 |0.5-1M SWU/yr |Civilian
If you don’t think Washington is in the maws of a Fiscal Doomsday Machine, think again. And the place to start is with the 30-year CBO projections we provided in yesterday’s post—-expressed as the dollar increase from the current $29 trillion level of publicly held US Treasury debt. To wit, if Washington does nothing except […]
The one constant about Donald Trump is that he is always in charge of his own facts. That was dramatically evident when he was asked about spy chief Tulsi Gabbard’s unequivocal March statement that the Iranians have had no nuclear weapons program since 2003 and are therefore not close to having an A-bomb. Straight from […]
The Donald called Fed Chairman Powell a “numbskull” earlier this week and deservedly so. But to paraphrase an old adage, when the cap fits said numbskull howlers tend to wear it themselves. Surely, that’s where we are this morning upon Israel’s reprehensible attack on Iran’s civilian nuclear facilities and decapitation of its military and scientific […]
Well, the Donald was at it again today, recklessly putting his fulsome economic ignorance on public display. In response to this morning’s report that the PPI for May rose at just an 1.5% annualized rate he was all over Powell’s carcass, this time demanding a two percentage point rate cut because, well, as the Donald […]
Just in case you are not counting, 3.0% annual inflation is no way to run a fair and prosperous economy. That’s because as inflation accumulates, purchasing power steadily falls, and, yes, the purchasing power of a dollar earned or saved 7 years ago is still damn relevant to almost everyone’s financial condition today. Yet here […]
To reprise from Part 1, as of 1980 the rolling 10-year and 20-year real GDP growth rates stood at 3.2% per annum and 3.5% per annum, respectively. Owing to a slight boost from the good parts of Reaganomics—-sweeping deregulation, tax rate cuts and sound money, which were partially off-set by the long-term ills owing to […]
