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The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
Authored by Charles Hugh Smith via OfTwoMinds blog,
Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs.
In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners:
Those seeking to reduce their private risks and increase their private gains seek to concentrate the gains generated by control structures and distribute the risks and costs to...
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Mar 2, 2026 / Jason Ditz
Lebanese PM Bans Hezbollah From Resisting Israel Militarily
Hezbollah historically has fit in an unusual position in Lebanese politics, being a substantial Shi’ite political party as well as a substantial Shi’ite militia that was centered on resisting Israeli military intervention on Lebanese territory. Those statuses are coming into focus again as Israel ramps up its latest war against Lebanon. Lebanese Prime Minister Nawaf […]
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May 7, 2026 / Tyler Durden
DOJ To Ask Supreme Court To Intervene In E. Jean Carroll's Lawsuit Against Trump
DOJ To Ask Supreme Court To Intervene In E. Jean Carroll's Lawsuit Against Trump
Authored by Matthew Vadum via The Epoch Times,
The U.S. Department of Justice (DOJ) said it will ask the U.S. Supreme Court to allow it to intervene in President Donald Trump’s appeal of the $83.3 million jury award E. Jean Carroll won against him in a defamation lawsuit.
The DOJ will ask the Supreme Court to substitute the United States for Trump in the lawsuit, arguing that in 2019, during his first term as president, when Trump denied...
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Mar 25, 2026 / Tyler Durden
Report Alleges Trump's Daily Military Briefing Scrubs Out Iran War Setbacks
Report Alleges Trump's Daily Military Briefing Scrubs Out Iran War Setbacks
A fresh NBC report has alleged that President Trump is being presented with a very incomplete picture of how the Iran war is going, with the conflict now approaching its first month, and as Washington struggles to find an offramp amid global oil market disruptions.
The report says that his daily military briefing provided by the Pentagon features a roughly 2-minute long video update for President Trump that shows the biggest, most successful strikes on Iranian targets of the prior 48 hours....
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