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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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Oct 8, 2026 / Tyler Durden
US Taxpayers Currently Lose Up To $500B Annually To Fraud; Report
US Taxpayers Currently Lose Up To $500B Annually To Fraud; Report
Authored by Bryan Hyde via American Greatness,
A new report published by the Foundation for Government Accountability (FGA) shows federal taxpayers are losing up to $521 billion annually to fraud and improper payments.
According to Just the News, the report estimates that improper payments by the federal government have totaled about $3 trillion since 2003.
Improper payments are defined by the federal government as payments in the incorrect amount, payments to the wrong person or someone who is not eligible to receive...
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Aug 18, 2026 / Dave DeCamp
Trump’s ‘Board of Peace’ Considers Abandoning Original Hamas Disarmament Plan Due To Israeli Pushback
President Trump’s so-called “Board of Peace” is considering altering its framework for a Hamas disarmament deal due to pushback from Israel, The Times of Israel reported on Tuesday. Under the initial plan announced by President Trump, Hamas would begin “decommissioning” its weapons in phases, which would correspond with Israeli withdrawals from certain areas where demilitarization […]
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Oct 10, 2026 / Tyler Durden
Trump Petitions Supreme Court To Reinstate Lawsuit Against Clinton & DNC Over Russia Claims
Trump Petitions Supreme Court To Reinstate Lawsuit Against Clinton & DNC Over Russia Claims
Authored by Matthew Vadum via The Epoch Times,
President Donald Trump asked the Supreme Court on Oct. 9 to revive his dismissed civil lawsuit against Hillary Clinton, the Democratic National Committee (DNC), and others.
The president alleges they conspired to create and spread a false story that his 2016 campaign colluded with Russia.
Lower courts rejected the case and ordered Trump and one of his attorneys, Alina Habba, to pay almost $1 million in sanctions. The trial judge and...
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