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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

August 4, 2015

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EXTINCTION OF MARKETS
By Michael Pento

(condensed)

A market is a place where a multitude of buyers and sellers freely meet and price is discovered. What China has now created is a roach motel where money moves in but it can’t easily move out – if at all. Therefore, all technical and fundamental analysis goes out the door. And those who choose to participate in this charade are left waiting for Beijing’s next decision on how to direct the market move.

This is the antithesis of capitalism and how free markets work. That’s why it should be shocking to see Wall Street, the supposed bastion of capitalism, embrace such measures. But the sad truth is there are no free markets left in this world, and it’s becoming increasingly evident that most on Wall Street prefer it that way. We have grown so accustomed to market manipulations that we have completely lost sight of how the free market is supposed to function.

The truth is there is no place where people live better than in a free market capitalist economy. And it is only when you stray from this model, as we have for the past seven years, that you see the spread between the rich and poor blow out. The abrogation of markets leads to stagflation, economic collapse and chaos. Sadly, this is the ultimate fate of the entire developed world.