S&P Warns Global Sovereign Debt Will Top $50 Trillion This Year

It has been one week since the US Treasury revealed that the national debt had topped $22 trillion (only 11 months after it had topped the $21 trillion threshold). And as the US budget deficit shows no signs of shrinking thanks to the Trump tax cuts and the death of the Obama-era budget sequester that has allowed for an expansion of federal spending (with more presumably on the way once the Trump infrastructure plan comes into focus), S&P warned on Thursday that worldwide sovereign debt could reach $50 trillion this year. read more

Burning Man CEO Bans “Billionaire Camp”, Tells Instagram “Influencers” To Stay Home

Authored by John Vibes via The Mind Unleashed,

Nevada’s Burning Man festival, founded on a philosophy of peace, love and generosity, was intended to act as a temporary example of how people could live and get along without the financial and cultural restraints of mainstream society. Over the years the festival has grown into one of the largest events of its kind in the world, becoming more and more like the outside world that it was seeking to escape from, according to many longtime “burners.” read more

Hillary Clinton Running Again Announces 2020 Campaign with Biden, Klobuchar Meetings

2017: Hillary Clinton Is Running Again

2018: Hillary Will Run Again

2019: Hillary Clinton still considering 2020 presidential run
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Author: H. A. Goodman

#BERNIE4DEEPSTATE2020: Shakir=Podesta Protege, Campaign Manager #NEPHEWJUSSIE

2/22: Sanders #1 Faiz Shakir, campaign manager for Bernie 2020, was mentored by John Podesta. The 39 year old Muslim American worked for Podesta in CAP, then championed Freedom Cities under the ACLU. Meanwhile, the Smollet hate crime could become the 1st case tried under the Justice for Victims of Lynching Act if it passes the house…

President Trump’s White House reception for African American History Month:

Read the bill sponsored by Kamala Harris and Corey Booker that could makes Hate Crimes receive elevated sentencing if it passes the House:
https://www.congress.gov/bill/115th-congress/senate-bill/3178/text read more

Judge Rules Plea Deal For “Orgy Island Billionaire” Broke Federal Law

In an opinion that was 11 years in the making, a federal judge has ruled in a lawsuit brought by victims of disgraced billionaire Jeffrey Epstein – who infamously served 13 months in prison on state prostitution charges after scoring a plea deal with prosecutors led by now-Labor Secretary Alex Acosta – that Acosta and other attorneys with whom he worked at the US attorneys office of South Florida violated federal law when they sealed Epstein’s plea deal, preventing any of his victims from challenging the deal, the Miami Herald reported. read more

Which One Wins: Central Planning Or Adaptive Networks?

Authored by Charles Hugh Smith via OfTwoMinds blog,

Those who are betting on Central Planning do not understand the essential role of adaptation.

The global economy is in the midst of a grand experiment pitting centralization (Central Planning) against the evolutionary model of adaptive, self-organizing networks. Centralization is the dominant dynamic of the Status Quo everywhere: the economies of China, Japan, Europe and the U.S. are all dominated by Central Planning: central banks, central state agencies, and Deep State / private sector nodes of wealth and power that pull the systemic strings. read more

“We Have No Rights”: Texan Landowners Fear Trump Will Seize Their Land For Border Wall

The Rio Grande Valley, an area located in the southernmost tip of South Texas, is seeing increased signs that a border wall or fence is immient: heavy machinery gathering near the Rio Grande, wooded areas being cleared, and residents receiving letters from the government asking to survey their property and possibly seize it through eminent domain.

Gary Jacobs, a former chief executive officer of Laredo National Bank, had an in-depth conversation with Bloomberg about President Trump’s border wall could trigger a massive backlash from Texan landowners. read more

Pennsylvania & The Folly Of Minimum Wage Laws

Authored by Mark Hendrickson via The Mises Institute,

Pennsylvania Governor Tom Wolf has proposed raising the legal minimum wage to $12 per hour on July 1, 2019, and then an additional 50 cents per year until the minimum wage reaches $15 per hour in 2025.

Laws mandating a minimum wage have existed without interruption since the federal Fair Labor Standards Act of 1938. So habituated have we become to this form of government intervention that when a politician like Gov. Wolf proposes to mandate a higher minimum wage, few people bother to question whether government is competent to rule on what a proper wage is. read more

Smollett Now Has An “Untreated Drug Problem” As ‘Empire’ Mulls Recast

After consulting with his attorneys and crisis management team, Jussie Smollett told Chicago police that he has an alleged drug problem, a move which could be used as a mitigating factor to get his sentence reduced, according to TMZ

Smollett divulged his ‘drug problem’ after turning himself in Thursday morning on charges that he filed a police report for a Jan. 29 hate crime hoax he allegedly paid to associates to act out. 

Smollett fingered Abimbola “Abel” Osundario – one of the two brothers the ‘Empire’ star allegedly paid $3,500 to beat him up – as his drug dealer, selling him ‘Molly’ several times since the spring of 2018 according to text messages.  read more

YouTube Demonitizes Anti-Vax Channels After BuzzFeed Contacts Advertisers

YouTube on Friday demonetized channels which promote anti-vax content, after BuzzFeed notified a spate of advertisers that their ads were being run alongside anti-vax videos, reports BuzzFeed. YouTube said that such videos fall under its policy prohibiting videos with “dangerous and harmful” content to be monetized. 

“We have strict policies that govern what videos we allow ads to appear on, and videos that promote anti-vaccination content are a violation of those policies. We enforce these policies vigorously, and if we find a video that violates them, we immediately take action and remove ads,” reads an emailed statement from YouTube to BuzzFeed.  read more