Tag Archives: Trump

Trump’s Judges Are Amazon’s Judges | Antitrust & Abortion

One of the most frustrating things about discussions of the US judicial system is that they always seem to be about abortion. This is, of course, an incredibly important issue. But the courts oversee so much more than that one aspect of life in the United States. The intense feelings involved in that one issue serve to conceal the true significance of Trump’s judges.

Trump loves to trumpet his success in selecting Judges, but what’s often ignored is the way that the judges he is picking will constrain not just his agenda, but everybody else’s as well. For decades to come. In today’s video, we attempt to demystify the issue a bit, and delve in to one of the most successful lobbying groups of the 21st century, the Federalist Society.

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WTF Happened To Oil Prices This Week!?! | Markets Are Dumb 13

Futures Markets are a lot more interesting than you’d think. They are a key piece of financial infrastructure, that helped us build the modern world. If you’re interested, William Cronon’s book, “Nature’s Metropolis” is fascinating on the way that futures markets freed farmers and other economic actors from the tyranny of uncertainty and time. On Monday we got a rare, frightening look at what can happen when a futures market breaks. In this video we lay out why US oil prices fell into the -30s on Monday April 20th.

Despite what much of the business press has told you, this price fall wasn’t just a financial oddity. If certain things don’t happen, these prices risk becoming a monthly occurrence. As the Coronavirus depression proceeds, we are likely to see further examples of financial machinery breaking down. Get a preview by watching today’s video.

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Venezuela Is Not Panama | Venezuela 4

One of the saddest things about running a channel focused on geopolitics is realizing just how little the US government actually knows about the world beyond our borders. It’s not just the Trump administration, this problem is universal. At the beginning of April, the Trumpsters doubled down on their Venezuela policy, taking a number of steps to intimidate the Maduro government. Many critics complained about the timing, questioning whether this was the right moment to use military resources in this way. But as far as I have seen, nobody attacked the ridiculous premise at the center of the new policy.

By indicting Maduro as a drug trafficker in the US, and then initiating military exercises focused on his country, Trump’s Venezuela guy, Elliott Abrams, and the rest are trying to draw a direct parallel with Panama, a country the US invaded successfully in 1989. What’s obvious to anybody with a map, but not to anybody discussing Venezuela policy in Washington DC, is that Panama is a very, very different country from Venezuela. Today’s video lays out the simple facts.

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No, China Is Not Winning the Pandemic | Coronavirus 6 | Markets Are Dumb 12

In the month since everybody woke up to what a disaster the Coronavirus pandemic is, it’s been interesting watching people use it as an excuse to push the same things they were already pushing. Conservatives, Socialists, Environmentalists and Nationalists, all of them are eager to tell you that this confirms everything they have been saying all along, and proves that their particular policy priorities should be enacted immediately. Some of them may be right. But one of the most important Washington, DC lobbies is looking a little silly right now. The Military Industrial Complex, that monstrosity that gets close to a trillion dollars a year to keep us safe… did nothing to stop the greatest calamity to befall the homeland since the war of 1812.

But this hasn’t stopped them from pretending that they are still relevant after this extraordinary failure. In alliance with a Trump administration that is desperate to find another scapegoat, they are calling for a deepening of the “New Cold War” against China. They seem to believe that China is “winning” the pandemic somehow. China had what looks like a competent public health response after all, and now it’s flying stuff all over the world to help other countries. Well today’s video is here to tell you that that suspicion is ridiculous. China is not winning this thing. In fact, they are likely to end up the biggest losers.

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The 4th Republican Disaster In 20 Years | Coronavirus 5

For most of this channel’s existence I’ve worked to remain fairly non-partisan. I’m generally uninterested in the whole performative, substance-free mess of party politics in the United States. I’ve adopted the understandably popular “pox on both their houses” approach. Obama’s foreign policy left plenty for me to bitch about, and it’s easy to cover Trump as if he’s some unique biblical plague, somehow distinct from the party he leads.

But at a certain point you’ve got to acknowledge facts. The Democrats are an uninspiring bunch of managerial, condescending twerps. But if your expectations are low, they can be trusted to be reasonably honest and competent. 20 years, and four disasters have shown us that the Republican party is filled with dangerous anarchists, and even worse, people who pretend to be principled, but are eager to bow down to the dangerous anarchists in charge. This video chronicles the 9-11, Iraq war, 2008, and Coronavirus disasters and the political party that brought them all to us. It also lays out why no other media outlet will talk about this…

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Donald Trump: The Man Who Killed The World | Coronavirus 4

What a week! Today’s video deals with a troubling aspect of all this that hasn’t really begun to be reckoned with yet. Because of CDC and FDA screw-ups, and Trump’s campaign against acknowledging the disease, we are only now waking up to the fact that the United States probably harbors more cases of Coronavirus than any other country in the world, including China. This has probably been true for weeks, or maybe even a month. What this means is that our country has acted as a super spreader, sending this disease everywhere. We have the medical capacity to (hopefully!) keep this from being too much of a mass death event. Many of the countries we gave this disease to do not have that capacity. While Donald Trump has done the United States incredible damage with his mismanagement of this pandemic, he may have done even more to harm the rest of the world.

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Saudi Arabia Goes To War | Coronavirus 2 | Oil Endgame | Markets Are Dumb 11

This Coronavirus thing impacts everything. The oil market is no exception. I’ve committed to some pretty strong predictions about the future of the oil market and how it means the end of the current regime in Saudi Arabia. I still stand by all of those predictions, but it’s hard to say whether this current crisis accelerates the timeline, or slows it down. Starting March 6th, Saudi Arabia went to war against every other producer in the world.

I believe that the US oil industry will be the most prominent victim. The sustained period of low oil and gas prices we are about to experience may bring us to an inevitable future more quickly. Saudi Arabia will be the last oil producer. The crucial question remains the price at which they are able to sell that oil for. It’s now possible to envision a future where Saudi Arabia controls price again… but only briefly. Today’s video explains…

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2008 All Over Again? | Coronavirus 1 | Markets Are Dumb 10

I’m not kidding when I say I’ve been agonizing over Coronavirus for months. It’s really quite infuriating how hard it was to get good solid information. China looked terrifying. But all market and government sources in the US seemed pretty relaxed. A couple weeks back only the US government was relaxed, while media was waking up to the shock. It was only two weeks ago that the markets began to reflect what was happening. Now everybody is losing their shit, just as China seems to be recovering. It’s all a mess.

When it comes to history, I usually know as much or more than any journalist I am reading. That’s not the case with diseases and epidemiology. It seemed like everything I read contradicted the last thing I read, making it impossible for me to say anything definitive. Eventually I gave up on talking about the disease. It’s too late to warn folks, we are now at the crisis, which is what today’s video covers. I feel like I’ve kind of let the viewership down. I knew this was coming for a while now, but I’m only now adding to the panic pile with this video. Guess I should bone up on biology for the next plague.

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Puerto Rico Is A National Security Issue

Puerto Rico should not be a partisan political issue in the United States. The Democrats contemplate the idea of Puerto Rican statehood with glee, imagining that the Spanish speaking public will automatically vote for their party. Donald Trump is using Puerto Rico as yet another stage for his performative racist bullshit. Both sides are missing out on how important the island is to US national security.

This is part of a troubling trend in US politics that continues to grow. We’re really in the last couple decades of being able to ignore everything about world politics. Instead of using this time to position ourselves more intelligently, we’re turning more and more of our national security issues into partisan footballs. Iran, Israel, Puerto Rico, and now Ukraine have become partisan issues, making everybody dumber, and making the world a more dangerous place. Today’s video is a small attempt to push back against this wave of stupid.

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My Iowa Disaster | Election 2020 5

Iowa was a disaster. But I was there. And I think there’s a little more to the story. Today’s (very close to the deadline!) video tells the tale…

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