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** Not even "single-payer" / "universal" medical insurance systems are the exception, e.g., even The Guardian (and Labour gov't) had to admit that British NHS is "broken" (inadequate funding and long wait times for routine procedures):

www.theguardian.com - Wes Streeting to axe thousands of jobs at NHS England after ousting of chief executive - 2025-02-25

www.theguardian.com - The Guardian view on Labour and the NHS: there is no miracle cure for a struggling health system - 2025-03-04

|------- Wes Streeting is building a team of reformers, but ingrained weaknesses in the health service will be hard to fix.

... But the conditions in which he must do this are hugely challenging. The UK has an ageing and increasingly ill population, and a health system which... has ingrained weaknesses. Some of these are to do with the workforce, with shortages in some areas and dissatisfaction with pay that makes further strikes likely.

Long-term underinvestment means technology and infrastructure are not what they should be. ... many of the problems are the same - notably long waiting lists and population health issues, including obesity. ...

It is one thing to endorse this as a concept. But with hospitals under huge pressure from waiting lists, restive staff and a lack of investment ... -------|


Does UK "universal" healthcare system "ration" services?

Maybe having the option to change insurance plan or company if their support center not responsive is not all that bad?

Attempts in several US states (CA, VT, CO) to find a version of government-provided healthcare insurance like "Single-payer" or "Medicare for All" (which guaranteed the "right" to healthcare yet wouldn't bankrupt the state) ran into funding problems and failed bigly, but differently:

www.latimes.com - Single-payer healthcare meets its fate again in the face of California's massive budget deficit - LAT, 2024-05-16

en.wikipedia.org - Vermont health care reform

cohealthinitiative.org - What's going on with universal health care in Colorado? - 2019-02-16

|------- "An insurance card doesn't necessarily guarantee you access either" ... Vermont, a state that spent years working on a single-payer health care system, serves as a cautionary tale. ... Likewise, the cost of Amendment 69 was estimated at $36 billion per year, more than the entire state budget. -------|

www.vox.com - Colorado single-payer initiative failure - 2017-09-14

|------- ... voters rejected ... single-payer system by... 79 percent to 21 percent -------|

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Article "Medicare Will Require Prior Approval for Certain Procedures" - NYT, 2025-08-28, has no reference to Medicare "rationing" services, and for good reason - neither "traditional" Medicare (even with Medigap) nor Medicare Advantage, which already enrolls more than half of Medicare recipients and becoming more popular, ever provided all-you-can-eat services. **

Article also acknowledged that: "... There are clear-cut examples where Medicare has wasted billions on questionable medical care. The agency came under scrutiny earlier this year for spending billions of dollars on expensive "skin substitutes" of dubious value. ... A.I. screening tool would focus narrowly on about a dozen procedures, which it has determined to be costly and of little to no benefit to patients."

"Prior approval" may prevent costly, unnecessary procedures and a lot of Medicare fraud, which is a well-known issue that cost CMS and law enforcement billions.

AI is being thrown right and left (see "AI Startup Once Worth $1.5 Billion Now Worthless" - drudge.com), but you could write these "screening tools" in COBOL, if you had to - most of them just compare the procedure request with the patient's plan tables of allowed/disallowed - whitelist/blacklist codes.

The "use of 'AI' for prior approval" resulting in high(er) rate of denials by UHC, Cigna and Humana was much discussed last year - the reason is that most were allowed after appeal when request was corrected and properly re-filed (e.g., often by providers/doctors not familiar with particular plan), which was in ~82% of the cases.

This research has a lot of data and charts:
www.kff.org - Medicare Advantage Insurers Made Nearly 50 Million Prior Authorization Determinations in 2023 - KFF, 2025-01-28

|------- Prior authorization requirements are intended to ensure that health care services are medically necessary by requiring approval before a service or other benefit will be covered. Medicare Advantage insurers typically use prior authorization, along with other tools, such as provider networks, to manage utilization and lower costs...

This analysis uses data submitted by Medicare Advantage insurers to the Centers for Medicare and Medicaid Services (CMS) to examine the trends in the number of requests for prior authorization determinations, denials, and appeals for 2019 through 2023, as well as differences across Medicare Advantage insurers.-------|


US Healthcare insurance companies directly employ less than 900,000 people (not counting free-lancers/brokers) and are currently managing about 54% of Medicare, their average net profit margin is ~1.4% (outside of AARP's fav UnitedHealth which owns PBM, at ~3.5-5.0%) - exactly the reason government outsources some Medicare, VA and other healthcare services to them to increase efficiency and reduce costs, which includes limited plans that deny "unnecessary" - IOW, "unapproved" or not pre-approved proocedures - thus making THEM "bad guys," not the government.
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Trump and Melania's Crypto Grifts Plunge 88% and 98%

That's from the peak, not from issued price.

Still doesn't matter, all memecoins are expected to fall in very short time, they are there only for quick enrichment of tokens creators, [celebrity] issuers and insiders or few lucky gamblers and "snipers", and are primed for immediate "rug pulls" like this one:

https://finance.yahoo.com/news/wtf-going-fake-kanye-west-161604532.html - 'WTF Is Going On?' Fake Kanye West Coins Crash After Real YZY Token Launches - 2025-08-21

https://finance.yahoo.com/news/kanye-west-yzy-meme-coin-143308494.html - Kanye West's YZY Meme Coin Bloodbath: One Trader Lost $1M - 2025-08-22

|------- Over 60% of YZY traders lost money, according to on-chain data. One address recorded a loss of more than $1 million, while a small number of insiders made massive profits.
The first major YZY buyer was linked to a known sniper and suspected insider named Naseem, who has been connected to other controversial meme coins like TRUMP and LIBRA. ...

.

#2 | Posted by Nixon at 2025-08-22 09:00 AM
If he was smart, he would've taken the $75 per coin he got from the suckers and converted it to cash leaving the suckers to eat the loss alone.

There is no "loss" for Trumps. They have already converted most of it into real "fiat" USD cash.

One, they received the tokens at no charge.

Two, whatever tokens they have left is gravy - they have already cashed out a huge amount of them, to the tune of $350M ($314M from tokens sale and $36M in fees) from $TRUMP "coin" alone as of March 2025.

Three, when someone trades or executes transactions in memecoins (or stablecoins), there is a transaction fee going to the token's chain owners, so it's beneficial to the creators and owners whose memecoins or stablecoins are used.

It pays to "print" your own money!

That's why GENIUS Act specifically prohibits Central Bank / Federal Reserve from issuing CBDC (Central Bank Digital Currency) stablecoin - a "digital US dollar" - there would be hardly a need or incentive for financial companies or banks to issue their own, if they couldn't lock in customer to their own chain network and extract transaction fees ("transaction tax") when one is used.


https://democrats-financialservices.house.gov/news/documentsingle.aspx?DocumentID=413677 - Day 5: Crypto Has Made Trump $1.2 BILLION Richer " and Counting - Washington, DC, July 17, 2025

And it doesn't even count more recent developments of essentially creating / converting his "brand" into so-called "crypto treasury companies" which are leveraged, i.e., paid for with Other People's Money.
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#45 | Posted by LampLighter at 2025-08-26 09:22 PM
Is this Intel (et al) "investment" just another way Pres Trump is trying to reduce the huge Trump deficit?

Besides other things...

He is trying to establish "US Sovereign Wealth Fund" which could be (with an accounting sleight of hand) counted as a credit against US deficits (and, with an accounting sleight of hand, against debt), in particular by initially transferring into it all the Bitcoins (and other digital/crypto "coins") that have been seized by fed agencies from various busted cyber-fraud activities.

Of course, it also "strangely" coincides and helps with "fast and furious" growth of his own crypto activities, in particular essentially converting most of his "brands" and "investments" into so-called "Bitcoin/crypto treasury companies" (see MSTR / "Strategy) which is a bet - often "leveraged" - on growing valuation of crypto "coins".
fortune.com - Michael Saylor's company rebrands to 'Strategy' and calls itself a 'Bitcoin treasury company' - 2025-02-05

www.wsj.com - The Trump Family Cashes In on 'the Infinite Money Glitch' - 2025-08-24

finance.yahoo.com - Trump's Media Company Launches New Business to Buy Billions in Niche Crypto Coin | Trump Media, Crypto.com announce partnership. spin out exchange token SPAC - 2025-08-25

www.nytimes.com - Trump Crypto Firm (WLFI) Announces $1.5 Billion Digital Coin Deal | Trump Media Files Amended Registration Statement for Bitcoin ETF - NYT, 2025-08-11

fortune.com - Trump family's Bitcoin-mining company raises $220 million - 2025-07-01

etc., etc.

Meanwhile: apnews.com - CFPB ends investigation into buy now, pay later company linked to Don Jr - AP, 2025-08-20

...

BTW, while Kamala Harris was entertaining crowds with celebrities, and keeping herself and her base engaged on the wrong 20% side of most other 80/20 issues (Pareto Principle **), and DR folks spent weeks of utterly ridiculous meltdown on raging debates whether to unsubscribe from WaPo and LAT for leaving them in the dark about who to vote for/against because (oh horrors!) their "billionaires owners" didn't allow editors to officially "endorse" someone, Trump was successfully courting significant voting groups, like union workers, POC and Libertarians, e.g., by promising to pardon Ross Ulbricht and deregulate crypto, if elected.

www.nytimes.com - How Trump Was Persuaded to Pardon an Online Drug Kingpin - NYT, 2025-01-22

www.newyorker.com - Why Trump Freed Ross Ulbricht, the Silk Road's Dread Pirate Roberts - 2025-01-27

---

** podcasts.apple.com - "Trump's 80-20 Strategy... Trump's focus is on the 80-20 issues that are widely favored."
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#2 | Posted by MSgt at 2025-08-24 01:03 PM
...I not surprised that none here are lauding Canada caving in on Trump's tariff negotiation. ...
TRUMP, Master Of The Deal! : )

So your answer to "Where Are Free-Market Cons After Trump Intel Shakedown?" is an obvious deflection and change of subject?

First, these were "retaliatory/reciprocal tariffs" on goods that already comply with NAFTA/CMUSA trade agreements, and the big tariffs on cars stay for now.

Second, and more important, Canada (and any other country) doesn't need to punish their citizens and businesses for wanting or needing/having to buy some things from the US. They made the point already. Boycotts of US goods and services have started, and the US small businesses felt it first and politicos heard it "loud and clear":

www.cnbc.com - Republican senators join Dems on bill to exempt small businesses from Trump's Canada tariffs - 2025-07-23

Vacay travel to the US from Canada is already down substantially, sales of US booze and many other US products are already down 67% because of boycotts and some provinces bans... you don't need tariffs (to make stuff more expensive to buy) when people are already pissed off enough at you not to buy your stuff at all...

"Manufacture" this!

www.jalopnik.com - The F-35 Is Losing The (Trade) War - 2025-08-22
|------- ... Not since World War II have so many American planes been taken out of the air. -------|

For example, India AF just ordered 97 of their own Tejas, with GE engines and Israeli AESA MMR radars. Of course, LCAs are not in the leagues of F-35 or French Rafale planes they also fly, but at 4x cheaper in cost and maintenance, "quantity has a quality of its own." Countries don't like to be coerced or held hostage to unpredictable whims and caprices of potential "kill switches" or threats of non-support... which until recently (BT / Before Trump) they didn't have to worry about:

www.cbsnews.com - Gabbard barred sharing intelligence on Russia-Ukraine negotiations with "Five Eyes" partners - CBS, 2025-08-22

But Trump "likes to win" especially if he has to cheat:

www.thedailybeast.com - Roger Clemens Outs Winner-in-Chief Trump as Golf Loser - 2025-08-25
|------- Trump told reporters that day "It's good to win. You heard I won, right? Did you hear I won? Just to back it up from there, I won. I like to win." ...
Trump... finished dead last... -------|

When will MAGA drones start understanding that Trump's "ego wins" are losses for everyone else, including them?

Just like his "wins" destroyed capital and bankrupted businesses he started (which is why so many of his former "partners" want nothing to do with him and his "businesses") he is now doing the same to the entire country - .

The more Trump keeps "winning" the more people and the economy of the US will be "The Biggest Losers" and, unlike unwinding Trump's "deals," rebuilding trust and relationships takes a long time.

"Art of the Con" is strong with this MAGA cult, eh?
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#3 | Posted by donnerboy at 2025-08-21 01:53 PM
Darn it. It's a broken link.
I wanted to see why California isn't on the list.
We are usually number one in everything. I can't imagine what went wrong.

finance.yahoo.com - Florida is now the 2nd most financially distressed state in the US " topped only by Texas - 2025-08-19

Actual data list is here:

wallethub.com - States with the Most People in Financial Distress - 2025-07-16
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#29 | Posted by LegallyYourDead at 2025-08-21 07:36 PM
Also "union jobs"? Under Republicants? Seriously?

Unions lost membership over the years steadily "under" Republicans and Democrats, while the unions leadership have steadily donated overwhelmingly to Democrats: www.opensecrets.org - Labor Sector Summary

Rank-and-file, not so much.

Just one example: www.nytimes.com - Union Leaders Get Tough With Democrats as Members Drift Toward Trump - 2025-08-09

Do you know how Elon Musk (who, during visit at the Oval Office in 2020, called Trump "a f*****g moron" behind his back) got red-pilled and finally went all-in and spent hundreds of $millions helping elect Trump in 2024?

He was pissed that Tesla wasn't invited to the so-called "EV Summit" in August 2021, because he was told that was really a showcase for UAW. Biden administration was keen on emphasizing "good-paying union jobs" every chance they got:

amp.cnn.com - Tesla just got snubbed by Biden's electric vehicle summit - 2021-08-05

|------- ... "Yeah, seems odd that Tesla wasn't invited," the company's CEO Elon Musk said in a tweet overnight.
One potential reason for the apparent snub: The United Auto Workers union will also be at the ceremony. ...

White House Press Secretary Jen Psaki was asked about Tesla's absence at her briefing Thursday ahead of the event. ... Asked if Tesla being a nonunion company was the reason it wasn't included Thursday, Psaki replied, "Well, these are the three largest employers of the United Auto Workers, so I'll let you draw your own conclusions."
-------|

Like Trump, Musk knows how to hold a grudge.

www.nbcnews.com - Elon Musk quietly visited the Biden White House in September - 2024-02-21

|------- ... Musk has for years complained that Biden officials ignore him and his companies, and he was still expressing frustration months after the September meeting, tweeting on Christmas Eve last year about perceived snubs. "Let's not forget the White House giving Tesla the cold shoulder, excluding us from the EV summit," he wrote on X, referencing an event from August 2021. -------|

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#11 | Posted by humtake at 2025-08-20 12:08 PM
So Trump's strategy is working then...

Fact. Yes, it's "working" exactly as expected - higher prices/"inflation" caused by higher taxes (on only ~13.5% of GDP which are imports, but many of these are components of other "domestic" products) while at the same time weakening exports which constitute more than 30% of S&P 500 companies revenues - double whammy!

Meanwhile, manufacturing actually losing jobs (-11,000 in July), and Philadelphia Fed Mfg index, which was expected to be only slightly lower, is back in negative territory (-0.3 from 15.9 in June) while all the 73K jobs gained were in health and social services.

Companies in America will see it's lucrative again to produce goods long since left behind because it wasn't worth producing given imports were cheaper.

Fantasy. Artificially increasing prices of imports through taxes (or [effectively] banning imports) is not going to make "companies in America see it's lucrative again to produce [expensive] goods" in the US and invest in the factories in the US. Been tried 'under Trump' and 'under Biden' - it's called 'industrial policy' (incentivized or repressive) - never mind finding "qualified/skilled" people to staff them... and for what purpose? Spending trillions of dollars to recreate what you could buy much cheaper from somewhere else, because Trump discovered he could con economically illiterate with "US trade deficits"?

Maybe try filling real deficit of ~400K people with "necessary skills" to be employed in manufacturing?

Trump's "Trade wars are good and easy to win" is nothing but "Back to the Future" from free-trade capitalism to the wars of failed pre-industrial pre-18th century mercantilism.

upload.democraticunderground.com - full text of Reagan's 1988 speech on free trade:
|------- "... We too often talk about trade while using the vocabulary of war. In war, for one side to win, the other must lose. But commerce is not warfare. Trade is an economic alliance that benefits both countries. There are no losers, only winners. And trade helps strengthen the free world." -------|

"Progressives" used ["targeted"] tariffs to protect unions from competition - how well did that work out? When Trump does it, and on massive scale, MAGA-bots fully buy into right-left populist policies of protectionism (Trump got many union votes), while "progressives" are rethinking:
www.progressivepolicy.org - History Shows Tariffs are Anti-Prosperity - 2025-03-18

.

Thus, more people hired in America. Thus, more money being made and spent by those being employed. Thus inflation cools.

Fantasy. This clearly misstates/reverses the effects on job market and money supply - you are just reciting nonsensical Trump economic talking points here. We've been importing disinflation for 40+ years.

Moving people from one job "organically" created by "the economy" to another, artificially created by the government, doesn't lead to "more people hired" - it creates artificial shortages and inflation.

And with fewer/weaker USDs sent out of the US, who is going to buy growing US debt, especially if rates are low, as "Erdogan" Trump wants Fed to force?
theconversation.com - Turkey's economy is paying the price for years of policy mistakes - 2024-04-03

Higher costs = higher prices = higher "inflation" needing higher money supply growth and interest rates. And it becomes "systemic," not a one-off.
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#9 | Posted by fishpaw at 2025-08-20 11:54 AM
Another "are going to, will have to" story.

Fantasy. Isn't that exactly what Trump wants you to believe about "Trumponomics"?

Buy american and it won't be an issue.

And buy "two dolls instead of thirty"? Very helpful. Thank you, Comrade Commissar Fishpaw!

But... how then will we get "Trillions of dollars flowing in from tariffs"?

And will it be one-size-fits-all, or be cheaper or better than what we used to buy, so we can choose or have enough money left for groceries and other things that went up in price since Dear Leader's "Liberation Day"?

If you didn't see the movie "Outsourced" (2006) (www.youtube.com), it's funny and "educational."

One scene at ~1h24m has a dialog between a call center in India and an American who lost his job to outsourcing ("whole operation moved to Mexico") when he wanted to buy a catalog item, but started complaining that it wasn't US-made:

|----- Operator: "Sir, don't hang up, I have a solution for you. See, we understand that many Americans are upset about outsourcing, so we have located American-made versions of all our products. If you have a pen, I will give you the website of an American company that makes an eagle statue very similar to ours; same size, same materials, only theirs is made 100 percent in America.

Caller (calmed down): Well, thanks, I appreciate it, but, uh, is the price about the same?

Operator: No, sir, theirs is $212 more.

Caller (silent): ...

Operator: Sir...

Caller (quietly): Yeah, all right, just sell me yours.
-----|

Enjoy the movie. Maybe remember it next time you think up great ideas to "move manufacturing or anything else home" or conjure up other central-planned ways to forklift and manage $30T economy.
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#3 | Posted by censored at 2025-08-15 11:27 PM
Trump putting on a show that he's not Putin's Beach.

He's been keeping keyfabe of "successful businessman" and "strong leader" for a very long time, it's wearing off.

"Krasnov" ("Red") Trump has been trying to Make Russia Great Again since at least 1987.

Business projects of Donald Trump in Russia | Trump - Russia relations


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#14 | Posted by fishpaw at 2025-08-12 03:05 PM
No tariffs and 500 billion invested in the US

That's just another "pacifier" to baby-bully, who needs constant affirmation of his "deal-making greatness"... Apple's total annual capex for 2025 TTM was ~$12.4B including spending outside the US, which will continue.

To get to $500B will take 40 years of non-inflation-adjusted dollars, or 5 years of foregoing annual profits ($99B TTM to date). Of course, with new Trump-induced lower short-term interest rates, higher inflation and policy of weaker ruble, er, US dollar, this may come much sooner.

IOW, "Art of the Con" artist Trump is ---------- us, and Apple and those who depend/relied on NORMAL economic relations with the US are just playing along and for time, until "This, too, shall pass". Trump (and MAGA cult) didn't even understand the backhanded slap in the face when Tim "Apple" Cook presented him with the "golden calf"... er, plaque.

Same with the countries and blocks he made supposed "deals" with, e.g., Japan ($550B) and Korea ($350B) - they don't know what he was bragging about: there was only specific commitments to buy $16.5B worth of US goods, the rest was vague promises of "investment" in loans and IOUs ... and there was nothing about "90% of 'profits' going to the US" ... and nothing was formalized, of course.

Some countries make "deals" only to lower "tariff rates" (taxes on Americans), others don't, but every one is waiting and hoping for lawsuits in US courts to strike tariff authority down.

And as far as "not causing inflation" - remember that companies pay tariffs to Treasury immediately and they did inventory front-running, so we didn't see increases in the consumer pipeline yet... but core CPI moved up at fastest pace in 6mos to annualized 3.1%, and the latest PPI / wholesale core and headline numbers hit 0.9% for July - far above 0.2% expected, most of which will be passed along to consumers and some possibly absorbed by the companies while they are cutting tariff costs by layoffs and automation. So we have both weakening economy and employment, and rising prices - consistent with some forecasts of what was called "stagflation" in the '70s.

And some tariffs increased on August 7, so we haven't seen the effects of that yet.

Something that Trump doesn't [want to] understand : money from tariffs is not "flowing into the US" from other countries - they are paid/transferred to Treasury from American businesses / importers - IOW, it's an internal tax on imports, which was about 13.5% of US economy in recent years. Exports, which represent about 30+% of revenue by S&P 500 companies may also shrink as consumers of other countries "buy local" and boycott American goods if there are alternatives. Las Vegas and other tourist destinations already see some of it.

In July 2025, 71 large US companies filed for bankruptcy. Year-to-date 446 bankruptcies, already surpassing full year totals for 2021, 70 of them in the industrial sector.

IOW, Trump's tariffs may reduce meaningless metric of "US trade deficits" ("Yay, success!") but they are also shrinking world trade... and economies, including the US... which you may not see clearly due to lower USD.

Oh what a tangled web we "weave"...

And CBO projection of One Big Bloody Bu**-Ugly Bill creating additional $3.5T in debt in the next 10 years? I think we can do "better" and do it in 3-4 years, despite all of the imagined DOGE "savings" and "trillions or hundreds of billions of dollars flowing in" in tariffs.

US deficit hit $291B in July - that's an annual pace of $3.5T. July tariffs brought in $25B - Trump called it "incredible revenue" - but the government spent $630B.

"It's the spending, stupid."
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#14 | Posted by fishpaw at 2025-08-12 03:05 PM
No tariffs and 500 billion invested in the US

That's just another "pacifier" to baby-bully, who needs constant affirmation of his "deal-making greatness"... Apple's total annual capex for 2025 TTM was ~$12.4B including spending outside the US, which will continue.

To get to $500B will take 40 years of non-inflation-adjusted dollars, or 5 years of foregoing annual profits ($99B TTM to date). Of course, with new Trump-induced lower short-term interest rates, higher inflation and policy of weaker ruble, er, US dollar, this may come much sooner.

IOW, "Art of the Con" artist Trump is ---------- us, and Apple and those who depend/relied on NORMAL economic relations with the US are just playing along and for time, until "This, too, shall pass". Trump (and MAGA cult) didn't even understand the backhanded slap in the face when Tim "Apple" Cook presented him with the "golden calf"... er, plaque.

Same with the countries and blocks he made supposed "deals" with, e.g., Japan ($550B) and Korea ($350B) - they don't know what he was bragging about: there was only specific commitments to buy $16.5B worth of US goods, the rest was vague promises of "investment" in loans and IOUs ... and there was nothing about "90% of 'profits' going to the US" ... and nothing was formalized, of course.

Some countries make "deals" only to lower "tariff rates" (taxes on Americans), others don't, but every one is waiting and hoping for lawsuits in US courts to strike tariff authority down.

And as far as "not causing inflation" - remember that companies pay tariffs to Treasury immediately and they did inventory front-running, so we didn't see increases in the consumer pipeline yet... but core CPI moved up at fastest pace in 6mos to annualized 3.1%, and the latest PPI / wholesale core and headline numbers hit 0.9% for July - far above 0.2% expected, most of which will be passed along to consumers and some possibly absorbed by the companies while they are cutting tariff costs by layoffs and automation. So we have both weakening economy and employment, and rising prices - consistent with some forecasts of what was called "stagflation" in the '70s.

And some tariffs increased on August 7, so we haven't seen the effects of that yet.

Something that Trump doesn't [want to] understand : money from tariffs is not "flowing into the US" from other countries - they are paid/transferred to Treasury from American businesses / importers - IOW, it's an internal tax on imports, which was about 13.5% of US economy in recent years. Exports, which represent about 30+% of revenue by S&P 500 companies may also shrink as consumers of other countries "buy local" and boycott American goods if there are alternatives. Las Vegas and other tourist destinations already see some of it.

In July 2025, 71 large US companies filed for bankruptcy. Year-to-date 446 bankruptcies, already surpassing full year totals for 2021, 70 of them in the industrial sector.

IOW, Trump's tariffs may reduce meaningless metric of "US trade deficits" ("Yay, success!") but they are also shrinking world trade... and economies, including the US... which you may not see clearly due to lower USD.

Oh what a tangled web we "weave"...

And CBO projection of One Big Bloody Bu**-Ugly Bill creating additional $3.5T in debt in the next 10 years? I think we can do "better" and do it in 3-4 years, despite all of the imagined DOGE "savings" and "trillions or hundreds of billions of dollars flowing in" in tariffs.

US deficit hit $291B in July - that's an annual pace of $3.5T. July tariffs brought in $25B - Trump called it "incredible revenue" - but the government spent $630B.

"It's the spending, stupid."
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#14 | Posted by fishpaw at 2025-08-12 03:05 PM
No tariffs and 500 billion invested in the US

That's just another "pacifier" to baby-bully, who needs constant affirmation of his "deal-making greatness"... Apple's total annual capex for 2025 TTM was ~$12.4B including spending outside the US, which will continue.

To get to $500B will take 40 years of non-inflation-adjusted dollars, or 5 years of foregoing annual profits ($99B TTM to date). Of course, with new Trump-induced lower short-term interest rates, higher inflation and policy of weaker ruble, er, US dollar, this may come much sooner.

IOW, "Art of the Con" artist Trump is ---------- us, and Apple and those who depend/relied on NORMAL economic relations with the US are just playing along and for time, until "This, too, shall pass". Trump (and MAGA cult) didn't even understand the backhanded slap in the face when Tim "Apple" Cook presented him with the "golden calf"... er, plaque.

Same with the countries and blocks he made supposed "deals" with, e.g., Japan ($550B) and Korea ($350B) - they don't know what he was bragging about: there was only specific commitments to buy $16.5B worth of US goods, the rest was vague promises of "investment" in loans and IOUs ... and there was nothing about "90% of 'profits' going to the US" ... and nothing was formalized, of course.

Some countries make "deals" only to lower "tariff rates" (taxes on Americans), others don't, but every one is waiting and hoping for lawsuits in US courts to strike tariff authority down.

And as far as "not causing inflation" - remember that companies pay tariffs to Treasury immediately and they did inventory front-running, so we didn't see increases in the consumer pipeline yet... but core CPI moved up at fastest pace in 6mos to annualized 3.1%, and the latest PPI / wholesale core and headline numbers hit 0.9% for July - far above 0.2% expected, most of which will be passed along to consumers and some possibly absorbed by the companies while they are cutting tariff costs by layoffs and automation. So we have both weakening economy and employment, and rising prices - consistent with some forecasts of what was called "stagflation" in the '70s.

And some tariffs increased on August 7, so we haven't seen the effects of that yet.

Something that Trump doesn't [want to] understand : money from tariffs is not "flowing into the US" from other countries - they are paid/transferred to Treasury from American businesses / importers - IOW, it's an internal tax on imports, which was about 13.5% of US economy in recent years. Exports, which represent about 30+% of revenue by S&P 500 companies may also shrink as consumers of other countries "buy local" and boycott American goods if there are alternatives. Las Vegas and other tourist destinations already see some of it.

In July 2025, 71 large US companies filed for bankruptcy. Year-to-date 446 bankruptcies, already surpassing full year totals for 2021, 70 of them in the industrial sector.

IOW, Trump's tariffs may reduce meaningless metric of "US trade deficits" ("Yay, success!") but they are also shrinking world trade... and economies, including the US... which you may not see clearly due to lower USD.

Oh what a tangled web we "weave"...

And CBO projection of One Big Bloody Bu**-Ugly Bill creating additional $3.5T in debt in the next 10 years? I think we can do "better" and do it in 3-4 years, despite all of the imagined DOGE "savings" and "trillions or hundreds of billions of dollars flowing in" in tariffs.

US deficit hit $291B in July - that's an annual pace of $3.5T. July tariffs brought in $25B - Trump called it "incredible revenue" - but the government spent $630B.

"It's the spending, stupid."
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#4 | Posted by LampLighter at 2025-08-07 06:04 PM
Are corporations using their new tax cuts to buy back their stock, raising the stock price?

There were no significant "new" corporate tax rate cuts or increases in One Big Bloody Budget-Busting Bill - it mostly stopped the tax rate set in 2017's TCJA from expiring at the end of 2025, making it "permanent"... unless and until Congress changes them. It was the same 2017 rate throughout the "great economy" and deficits of both Trump and Dark Brandon. There are some accelerated deductions and amortizations for R&D and other expenses but these are not "new tax cuts" that would materially affect corporations decisions to "buy back their stock."

Also, I don't know why "stock buybacks" would be considered "evil" or such a sore issue for anyone.

They aren't necessarily "raising the stock price" - many public/listed corporations routinely buy back stock to account for dilution, i.e., issuance of new stock as compensation to its employees, including directors, executives, pension and 401(k) plans, stock mergers/buyouts, outside contractors etc.

It's also a tax-preferred way of returning some value to the stock owners, as opposed to direct dividends, which usually drop the price of stock ex-dividend and are taxable, unless in tax-deferred or tax-free accounts.

For example, "Oracle of Omaha" Warren Buffett's Berkshire-Hathaway ($1T market cap) doesn't pay dividends and has often used buybacks, especially during NZIRP times, when he didn't see a better opportunity to invest somewhere else and excess cash from profits didn't yield much in safe deposit accounts.

Buyback is a responsible way for the boards, CEOs and CFOs to manage corporate cash. Large buybacks are often presented to stockholders for a vote.

www.investopedia.com - Buyback

Here's Buffett dropping some wisdom:

www.fool.com -- Warren Buffett Just Issued a Stark Warning to President Trump About the Impact of Tariffs. Buffett calls tariffs "an act of war..." - 2025-03-08

www.fool.com - Warren Buffett's Warning to Wall Street on President Donald Trump's Tariffs Is Deafening - 2025-08-09
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Redneck Recession Hits Working-class the Hardest

Recessions usually do; and felt first by the lower quintiles.

Wall Street and Silicon Valley are booming ...

Not quite accurate. It only looks like it because "rising tide lifts all/most boats" and the way the market indexes and passive investment funds work.

Mag Seven now account for 35.4% of S&P 500. That's almost 3x in 2015, when they were 12.3% of SPX - near concentration in financial sector in 2006-7, before 2008 GFC.

62% own stocks. Top 10% own 93% of the value. Top 1% own 50% of the value.

blogs.cfainstitute.org - Myth-Busting: The Economy Drives the Stock Market

.

"Manufacturing is in recession. Construction is in a deep recession. Transportation and distribution is in recession. Wholesaling is in recession. Retail is holding on by its thumbs..."

This is not a new information. This has been true - and I've been pointing it out here all through the election season - since Biden's $1.3T "Inflation Reduction Act" and "Infrastructure Investment and Jobs Act" passed. Remember elections, when most people said that economy was #1 issue... in addition to "culture war" issues unfavorable to Dems?

news.gallup.com - 2024 October Gallup poll

Reduced to single "compound average" numbers, the 'GDP growth,' 'unemployment' and 'inflation' have been misleading and sending false signals for a long time, because stocks went up on AI investment spigot and top quintiles kept spending, putting money back into economy. Some people here (who no longer post) were sure about Dems' win because "US economy is the envy of the world" and good official NUMBERS 'under Biden'... apparently ignoring or not seeing the distribution and "personal economy" of majority of voters.

www.bloomberg.com - The Mighty American Consumer Is Powered by Higher Earners - Oct 15, 2024

www.vice.com - Rich People Are Powering the Economy - No One Else Has Money - 2025-02-25
|------- The top 10% of earners are responsible for 49.7% of all spending in the United States. ... in 1995, the top 10% of earners made up 36% of all spending. -------|

What is true is that Trump's stupid antics (aka "negotiation style") and mish-mash of economic goals (can't call any of this "policies" when they contradict each other and can be turned on a dime) has rapidly accelerated deceleration or "real" economy, when even top quintile and largest businesses are now being negatively affected, e.g. see Amazon's latest Q report; shares of delivery companies like UPS are down from 2021 peaks.

"Bring manufacturing home!" is a slogan, not a policy; it make no sense when the US manufacturing sector accounts for the same economic share of GDP but with the fraction of people employed at the peak in 70s, and that manufacturing sector is already in need of some 400,000 jobs "with appropriate skills" that employers can't fill. Is it parties' bright idea to mandate a shift from high value-add to low value-add "manufacturing" jobs?

.

He believes that as much as a third of the US economy is already effectively in recession.

That's why government's view of "economy" has been so different from most people's for years.

Hard economic data has been sus since at least April, soft data shows overall economy is now decelerating faster.
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#9 | Posted by BellRinger at 2025-08-09 12:01 AM
This deal ends 35 years of fighting.

upload.wikimedia.org - map

If you knew anything at all about more than 35 years of Nagorno-Karabakh ('Artsakh Republic') conflicts and Lachin corridor (en.wikipedia.org - whatever replaces it to be named "Trump road"?), you would know that the "deal" which kind of "ended" conflict was the 1-day offensive of Azerbaijan forces in September of 2023 after they choked off the only road to Armenian enclave ("protected" by 2020 Russia-brokered ceasefire) and almost all Armenians who were able, fled to Armenia.

"On September 28 2023, the president of Artsakh signed a decree to dissolve all state institutions and existence of the Artsakh Republic to an end by January 1 2024."

'Artsakh Republic' no longer exists... neither does the conflict. Nothing to fight over since Sept 2023. In 2024 both countries had peace treaty talks; in April 2024 outline of peace agreement, with 1991 post-Soviet borders and land handover was approved by Blinken.

No "peace" was "brokered" by Trump.

Armenia (former member of Russia's 'mini-NATO' lookalike CSTO) is pissed at Putin who promised protection, but removed his "peacekeeping" troops. It since looked for security (from Azerbaijan and Turkey threats) to the US and EU.

www.newsweek.com - Putin Caught Off Guard as His 'Mini-NATO' Falls Apart - NW, 2024-02-23

.

#14 | Posted by BellRinger at 2025-08-09 10:43 AM
The leaders of both countries have said that Trump was instrumental in getting the peace deal done.

What did you expect? It's part of the same sad script in the spectacle and charade that "Man of Peace" Trump is running, chasing Nobel Peace Prize.

Did you know that he tasked "Little" Marco Rubio to find whoever wherever want to sign the already negotiated peace agreements and bring them to White House for signing ceremony, even when (as he himself admitted) Trump has no idea of the origins and why there were hostilities in the first place?

The scenario of grift: Trump commits US taxpayers money/support for some project the parties want (and name it "TRUMP something"), claims credit and is publicly praised for "brokering peace" and one/both of them nominate him for Nobel Peace Prize... hoping that either the number of nominations will do it or at least he can boast and complain that he didn't get it despite all the "nominations"... as he already did during Congo-Rwanda signing.

You remember "celebrating" Congo-Rwanda sham-wow "peace accord" Trump claimed credit for and promised "US support" just a month ago?
drudge.com and drudge.com - "Congo and Rwanda Sign a US Mediated Peace Deal" - June 29, 2025

Ready to send in the Marines?: news.un.org - UN: Armed militia kill hundreds in eastern DRC - 2025-08-06
|------- Hopes for peace in the Democratic Republic of the Congo (DRC) have been shaken by a surge in brutal attacks on civilians by armed groups, including the Rwandan-backed M23 militia. ... "despite the ceasefire that was recently signed in Doha..." -------|

.

#19 | Posted by BellRinger at 2025-08-09 11:04 AM
It's insane that you view EVERYTHING through a Trump lens.

It's insane that you have not a bit of curiosity or critical thinking when it comes to anything Trump - for Trump, EVERYTHING is really ALL about TRUMP!

Congratulations, "You've been Apprenticed!"(TM)
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Something about word "nuclear" is always getting some people all hyper and buggered.

The premise of the article is idiotic - that "This should stop before an arms race, atomic terrorism or even nuclear war results."

"This" being R&D of nuclear energy for peaceful and safe(r) nuclear plants and reactors. As if any of that will result in (new?) "arms race, atomic terrorism or even nuclear war."

On the contrary, the new reactors are designed to be safe from exactly the ills author describes, that previous designs and plants were susceptible to, and move from costly and un-safe LWR into multiple solutions that have nothing to do with "arms race" because they don't depend on "enriched" U-235 or Pu-239.

For example, 30 safe CANDU (Canada Deuterium Uranium) reactors are currently deployed worldwide - 19 in Canada, 4 in Korea, 18 (16-modified) in India, 2 in China, 2 in Romania, etc.

FTA: |------- ... Biden also gave nearly $2 billion to TerraPower, a nuclear energy venture founded by billionaire Bill Gates, for a similar but larger "fast" reactor that also is touted for export. Experts say this inevitably would entail far greater plutonium extraction, even though the company denies any intention to do so. The U.S. Department of Energy also has funded the American branch of Terrestrial Energy, which seeks to build exotic "molten salt" reactors that use liquid rather than solid nuclear fuel. ...
-------|

LFT/thorium MSRs (Malten Salt Reactors) are hardly "exotic" - they burn ALL nuclear fuel, some MSR designs go back 60+ years (one went "live" at Oak Ridge NL, TN in 1965) - and newer U-Pu "fast reactors" designs depend on cheap repurposed fuel that can be "extracted" from spent nuclear rods used in now-predominant LWRs, at the same time helping solve problem of storing the accumulated "nuclear waste."

Author "instead" is pushing for vague "... new reactor types that use tiny particles of coated fuel, which can bolster resistance to both accidents and plutonium extraction" (IOW, he means tristructural isotopic coated-fuel particles / TRISO CFP, which are also safe) ... but fails to mention that they also require processed uranium in UCO or UO2 (or Pu), and that TRISO-based reactors emit l2x-15x of SNF (Spent Nuclear Fuel) per unit of energy produced than a typical LWR. This creates several problems of both pre-processing and post-processing of radioactive materials, not to mention the total cost and radiation safety outside of reactor time, which also reduces the time the fuel can be stored and/or transported.

Different designs have different immediate and lifetime cost structures, and issues of operational and storage/transport safety, emissions, etc., so may need to be balanced depending on environment. But once built (amortized) they can produce immense amount of clean cheap energy.

Some of these companies are public or planning to go public via SPACs... Few, like Oklo (NYSE:OKLO), look like "vaporware" with nothing but slick PR and gov't ties. Be careful if you want to invest in them - remember a slew of "renewable energy" companies that spectacularly went bust.

There have been R&D funded by the US and other governments (Germany, UK et al) on improving all these designs, including bipartisan in the US (see above), so the author pushing the panic button because Trump admin (just like Biden admin before him) chose to fund some R&D outside of his fav solution, using "arms race, atomic terrorism or even nuclear war" rhetoric is nonsensical and plain scaremongering, playing on people's fear of "Nukes!" like use of "depleted uranium" in armor-piercing shells.

Not cool.
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#4 | Posted by oneironaut at 2025-07-28 10:21 AM
How dare they use math. --- #3 math?

Yes, math - algorithms that adapt to variations of supply and demand.

These aren't free market principles. This is no different than a social scoring system. Earning or lising points because government wants you to behave a certain way.

This is EXACTLY "free market principles" - Delta is not the government and can't force you to buy anything, only incentivize you by cheaper prices or upgrades when supply exceeds demand and they have open seats to sell [for marginal profit], or raise prices when seats are in short supply and demand exceeds supply.

|------- If passed, the law would allow anyone to sue companies found unfairly using AI, lawmakers explained in what's called a "one-sheet." That could mean charging customers higher prices - based on "how desperate a customer is for a product and the maximum amount a customer is willing to pay" - or paying employees lower wages - based on "their financial status, personal associations, and demographics."

Hepner pushed lawmakers to support the legislation... suggesting that could help "restore fair, transparent, and predictable pricing." Otherwise, "there is no such thing as a good deal when every consumer is charged a different price"
-------|

Really? What is "a good deal" to him? "One size/price/wage fits all" is a "good deal"?

More [class] lawsuits and/or government interference and regulations based on someone's "perception" of being "gouged" by "predatory" airlines or employers that take into account education, experience (demographics), work history, mental capacity, etc.?

That will only raise costs and, correspondingly, prices for everyone.

|------- Delta denied that its AI system used personalized data for individualized pricing. Instead, it apparently relies on AI to forecast demand for certain flights... factors like... customer demand, and competitive offers that perhaps that customer is known to be weighing also influence the AI's pricing, which lawmakers and critics may be interpreting as individualized pricing.

Delta said: "There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized offers based on personal information or otherwise. A variety of market forces drive the dynamic pricing model that's been used in the global industry for decades, with new tech simply streamlining this process." -------|

This is just an extension of what Sen. Warren and Bernie Sanders and Ron Wyden tried last year, to blame Kroger and/or other grocers or companies in other industries (like real estate/rent management company RealPage, etc.) that used tech and math ("algorithmic pricing" / "dynamic pricing") for so-called "algorithmic collusion" (aka "hi-tech price fixing") and "gouging" ("corporate greed") while in reality it usually benefits both the consumers and companies, e.g.:

www.npr.org - Why supermarkets are adopting dynamic pricing: Dynamic pricing is an increasingly common phenomenon - NPR, 2024-03-06

Now the same "usual suspects" using the same terms ("gouging, fair wages, inequality, exploitation...") are trying to redefine "algorithmic collusion" as "AI spying / surveillance-based pricing" and also sneak into the bill "AI-based wage discrimination."

This is just one example why voters don't usually trust Democrats on the economy.

No thank you!

If you read the entire article and understand what this bill is really about and what it's actually trying to do, you would say not only "No thank you!" but "Hell, no!"
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#4 | Posted by LampLighter at 2025-07-18 07:59 PM
t aside, why might have the IPO stock price plunge by almost 50%?

1. WS axiom: "Buy on the rumor (hype), sell on the news."

SPACs usually trade around initial $10, until they find a "reverse merger" target. PEW has run up to $21.40 once they learned that merger will happen, on nothing more than Trump Jr being on the board of merger target.

2. It dropped back only to "initial" $10 by Friday (and another 8% this morning) so not really a huge flop, considering that company has no sales, weird financials (even for a SPAC), and no real business or potential competitive advantage relative to other, established online-only or mixed BaM firearm sellers.

Essentially they will be burning money they raised (just like Trump Media / DJT) and may eventually go the "Bitcoin/crypto treasury" model route (just like DJT recently did) which has become a popular way to boost the stock for companies whose business dried up or has never been there, i.e., scams. That usually causes the spike in stock price, just like during dot-com bubble adding ".com" to name of companies temporarily boosted the price... until people figured out that it was the sign of failed business and prices of many newly minted .com's started to fall rapidly.

Some of the "investors" may be waiting for this or similar event to exit on a spike, leaving new buyers with losses.

Most "blank check" speculators know that most SPACs eventually go bust, but keep playing the game hoping for "greater fools" to sell to.

3. In any case, Don Jr has 300K of free stock, which may be time-restricted, but still nothing to sneeze at for lending a no-business company a brand name. If he can sell any of them before the bust, it's pure profit.

If anything, the lackluster "reception" of PEW may mean that people are on to the grift, that "TRUMP" sheen is starting to fade, and their grift will have fewer opportunities like this, to scam the "investors" in the brand.

Like father, like sons.
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#28 | Posted by donnerboy at 2025-07-13 10:07 AM
For example while they claimed they were going eliminate private property they never did especially for the elite Germans.

Yeah, read the Mises.org link about that - it explains why they "never did" that, and "total control" didn't mean "total ownership" as communism/Marxism demanded - their socialism was different from Marxism. And even in Soviet Union they "never eliminated private property, especially for the elite Russians." And shortly after the Great Revolution of 1917, they had to institute "New Economic Policy / NEP," which went well beyond even National Socialism in allowing private property and commerce to save the communist economy from ruin.

www.britannica.com (brief)
en.wikipedia.org

Same in Cuba, and other "socialist/Marxist" countries where the elites enjoyed privileges of dachas and private investments and accumulated great wealth.

Hitler didn't make the mistake of abolishing significantly more efficient large private industrial enterprises (again, see reasons in mises.org link and elsewhere) - which allowed rapid rebuilding of the Wehrmacht economy - but he did, for example, force Ferdinand Porsche to create Volkswagen ("People's car") for the masses, etc. etc.

What most fans of "socialism" are trying to imply is that, on one hand, "socialism" can have many forms other than failed "communism" and be "good, benevolent" - yet in another breath they insist that only Marxist "socialism" (Marx himself didn't distinguish between "socialism" and "communism") was the only and true one, and there can be no other (like German National Socialism) which we all know has definitely not been the case.

Even in Soviet Union there were several different socialist groups. the largest of which were Bolsheviks (far-left faction of the original Marxist Russian Social Democratic Labour Party [RSDLP]) led by Lenin, Stalin, Dzerzhinsky et al(eventual, and the only winners) and more bourgeois-socialist Mensheviks, led by Trotsky, Axelrod, Dan, Martov et al., which were eventually outlawed and subjugated or eliminated.

Historians generally agree that Nazism was a distinct ideology separate from traditional socialism

Mo, historians, like Hitler and Goebbels, generally agree that Nazism is different from Marxism ("traditional"?? socialism) - which would be correct.

Like I said, unless you think that "traditional socialism / Marxism" (i.e., "total government ownership of means of production" and total elimination of private property / enterprises) is the only form of "socialism" then it's difficult to explain the existence of [and attachment to] "other/benevolent forms(?)" of "socialism."

... but their core ideology was centered on race, nationalism, and state power...

Yes, and as my posts and links show, none of these exclude "socialism" - after all, the core of socialism is state power and "patriotism"

Repeat: Communism requires "total ownership of means of production"; fascism imposes "total control over means of production" - but both are socialist totalitarian regimes (government 'uber alles' / above individual rights).

Who better to learn this from than the chief propagandist of ideology?

It is well known now that Adolf Hitler and the Nazi regime frequently used deception and propaganda to mask their true intentions and advance their agenda.

Yes, so do/did every other socialist/communist country - that's why need for total control/ownership of the media. In USSR "samizdat" (underground press) was prosecuted, and typewriters issued only to "good communists."
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The 25 points program of NSDAP (1920) - was it "socialist" enough?

www.vaholocaust.org - "25 points of Nazi Party" - "National Socialistic Yearbook 1941" - Published by: Central Publishing House of N.S.D.A.P. - The program of the NSDAP [PDF]

|-------
The program is the political foundation of the NSDAP and accordingly the primary political law of the State. It has been made brief and clear intentionally. ...

... Fuehrer has succeeded in the realization of essential portions of the Party program from the fundamentals to the detail.

The Party Program of the NSDAP was proclaimed on the 24 February 1920 by Adolf Hitler ... and since that day has remained unaltered. Within the national socialist philosophy is summarized in 25 points:

...

3. We demand land and territory (colonies) for the sustenance of our people, and colonization for our surplus population.

4. Only a member of the race can be a citizen. A member of the race can only be one who is of German blood, without consideration of creed. Consequently no Jew can be a member of the race.

...

7. We demand that the state be charged first with providing the opportunity for a livelihood and way of life for the citizens. ...

...

10. The first obligation of every citizen must be to work both spiritually and physically.

11. Abolition of unearned (work and labour) incomes. Breaking of rent-slavery.

...

13. We demand the nationalization of all (previous) associated industries (trusts).

14. We demand a division of profits of all heavy industries.

15. We demand an expansion on a large scale of old age welfare.

17. We demand a land reform suitable to our needs, provision of a law for the free expropriation of land for the purposes of public utility, abolition of taxes on land and prevention of all speculation in land.***

...

19. We demand substitution of a German common law in place of the Roman Law serving a materialistic world-order.

20. The state is to be responsible for a fundamental reconstruction of our whole national education program, to enable every capable and industrious German to obtain higher education and subsequently introduction into leading positions. ... The comprehension of the concept of the State must be striven for by the school [Staatsbuergerkunde] ...

21. The State is to care for the elevating national health by protecting the mother and child, by outlawing child-labor, by the encouragement of physical fitness...

22. We demand abolition of the mercenary troops and formation of a national army.

23. We demand legal opposition to known lies and their promulgation through the press. ...

24. We demand freedom of religion for all religious denominations within the state so long as they do not endanger its existence or oppose the moral senses of the Germanic race. ... It combats the Jewish-materialistic spirit within and around us...: common utility precedes individual utility.

25. For the execution of all of this we demand the formation of a strong central power in the Reich. Unlimited authority of the central parliament over the whole Reich and its organizations in general. ...

*** Adolf Hitler proclaimed the following explanation for this program on the 13 April 1928:
Regarding the false interpretations of Point 17... the following definition is necessary:
"...land which has been illegally acquired or is not administered from the viewpoint of the national welfare. This is directed primarily against the Jewish land-speculation companies."
-------|
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***
|----- Consider these quotes from Joseph Goebbels:

"Socialism is the ideology of the future." - ... in Goebbels: A Biography

"The bourgeoisie has to yield to the working class ... Whatever is about to fall should be pushed. We are all soldiers of the revolution. We want the workers' victory over filthy lucre. That is socialism." - in "Doctor Goebbels: His Life and Death"

"We are socialists, because we see in socialism, that means, in the fateful dependence of all folk comrades upon each other, the sole possibility for the preservation of our racial genetics and thus the re-conquest of our political freedom and for the rejuvenation of the German state. - "Why We Are Socialists?" Der Angriff (The Attack), July 16, 1928

"We are not a charitable institution but a Party of revolutionary socialists." - Der Angriff editorial, May 27, 1929

"Capitalism assumes unbearable forms at the moment when the personal purposes that it serves run contrary to the interest of the overall folk. It then proceeds from things and not from people. Money is then the axis around which everything revolves. It is the reverse with socialism. The socialist worldview begins with the folk and then goes over to things. Things are made subservient to the folk; the socialist puts the folk above everything, and things are only means to an end." - "Capitalism," Der Angriff, July 15, 1929

"In 1918 there was only one task for the German socialist: to keep the weapons and defend German socialism." - "Capitalism," Der Angriff, July 15, 1929

"To be a socialist means to let the ego serve the neighbour, to sacrifice the self for the whole. In its deepest sense socialism equals service." - diary notes (1926)

"The lines of German socialism are sharp, and our path is clear. We are against the political bourgeoisie, and for genuine nationalism! We are against Marxism, but for true socialism!" - Those ---- Nazis: Why Are We Socialists? (1932)

"We are socialists because we see the social question as a matter of necessity and justice for the very existence of a state for our people, not a question of cheap pity or insulting sentimentality. The worker has a claim to a living standard that corresponds to what he produces." - Those ---- Nazis: Why Are We Socialists? (1932)

"England is a capitalist democracy. Germany is a socialist people's state." - "Englands Schuld" (the speech is not dated, but likely was given in 1939)

"Because we are socialists we have felt the deepest blessings of the nation, and because we are nationalists we want to promote socialist justice in a new Germany." - Die verfluchten Hakenkreuzler. Etwas zum Nachdenken (1932)

"The sin of liberal thinking was to overlook socialism's nation-building strengths, thereby allowing its energies to go in anti-national directions." - Die verfluchten Hakenkreuzler. Etwas zum Nachdenken (1932)

"To be a socialist is to submit the I to the thou; socialism is sacrificing the individual to the whole. Socialism is in its deepest sense service." - as quoted in "Escape from Freedom," Erich Fromm

"We are a workers' party because we see in the coming battle between finance and labor the beginning and the end of the structure of the twentieth century. We are on the side of labor and against finance. . . The value of labor under socialism will be determined by its value to the state, to the whole community." - Those ---- Nazis: Why Are We Socialists? (1932)

... One can see that in many ways the Nazi spoke much like Karl Marx. ...
-----|
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