Snapshots of some world events of paricular importance         


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When I got into the industry more than 50 years ago, finance was an adjunct to the real economy.
Basically it was used to finance real growth. But today it’s become the dominant factor in the world.
That is, finance is running the world and the real economy is kind of a sideline. It’s the adage about the tail wagging the dog.
But in this instance the tail is swinging the dog around the room and banging it off all four walls until it’s comatose.
And that’s basically what’s happening to the real economy -- it’s going to be comatose before this is over. --
John Embry

This week, Minnesota Rep. Ilhan Omar was dragged mercilessly after highlighting the pro-Israel lobby’s financial and political influence in Washington, D.C., which critics across the spectrum dubbed anti-Semitic. She has since issued an apology, but the lobby itself has been caught on tape boasting about how it uses money — or “Benjamins,” in Omar’s parlance — to influence American politics. (Meanwhile, amid calls for her to resign, Omar grilled Elliott Abrams, Donald Trump’s special envoy to Venezuela, about his time covering up massacres in Latin America.)

AIPAC officials aren’t the only hypocrites in town. As Mehdi Hasan writes, many prominent writers have openly acknowledged AIPAC’s political influence, which he argues is no different than that of any other major lobby, like the National Rifle Association or Big Pharma. Calling out that influence shouldn’t be treated any different, either.
 
 
 
 

Banker Dollar value development

Baby Frog: Mama, who is smarter- a chicken or a frog? Mama Frog: We are of course!!
Baby Frog: How do you know? Mama Frog: Well, who ever heard of Kentucky Fried Frog?
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Why are frogs so happy? They eat whatever bugs them!

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