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Arrogant Democrats Shut Down Vegas Again… We Celebrate FreedomFest in the Land of the Free

“FreedomFest doesn’t just ride the wave, it invents it.” — John Fund, National Review My wife and I are on a much-needed family vacation in South Dakota and Wyoming following our most successful FreedomFest ever.  Jo Ann and Mark Skousen at…

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“FreedomFest doesn’t just ride the wave, it invents it.” — John FundNational Review

My wife and I are on a much-needed family vacation in South Dakota and Wyoming following our most successful FreedomFest ever. 

Jo Ann and Mark Skousen at Devil’s Tower, Wyoming

We pulled out all the stops, and FreedomFest was a triumph.  

FreedomFest and the Global Financial Summit left Las Vegas for the first time in 14 years after the Democrats took over and ran the entertainment capital of the world into the ground. They are still doing it — the imperial governor of Nevada just mandated that everyone has to wear masks again, even those who have been vaccinated. The governor needs to be recalled.  

Fortunately, we moved ahead with our plans to hold FreedomFest in South Dakota for the first time, and it was a big hit. Nearly 2,800 people signed up, a record turnout. We also had 180 exhibits — you could feel the electricity in the “trade show for liberty.” We had major media coverage, including C-SPAN BookTV, KitcoTV and The Epoch Times. The local newspaper, the Rapid City Journal, gave us front-page coverage every day.

Jo Ann’s Anthem Film Festival was at the historic Elks Theatre, and she had large crowds, sometimes standing room only (SRO), such as for the Tom Sowell documentary. The film festival was listed on the marquee. 

This Year’s Theme Featured ‘Healthy, Wealthy and Wise’ 

Many of our speakers focused on exercise, diet and preventing disease, rather than the standard approach of dealing only with the symptoms (masks, social distancing, quarantines and vaccines).

Our mock trial tried to answer the question, “Did the pandemic justify the lockdown?” TV personality Dr. Drew (Pinsky) was our judge. The 12 jurors voted 9-3 that it wasn’t worth it. It is better to let individuals, businesses and institutions make their own decisions.

The speakers at the conference also celebrated the fact that private enterprise and business entrepreneurs were the heroes in the past year, rather than government bureaucrats and politicians.

It was a challenge to get Governor Kristi Noem to speak, since she is now considered a major contender for the presidential nomination in 2024, but she made an appearance at our opening ceremonies. She reported that her state maximized freedom of choice and allowed businesses, institutions and individuals to make their own decisions, and take their own “personal responsibility.” She was criticized for her laissez-faire decision, and while the number of COVID-19 cases was high on per capita basis, people didn’t lose their jobs and the economy recovered more quickly.

Mark Skousen (portraying Ben Franklin) stands between two intelligent beauties, Gov. Kristi Noem and Jo Ann Skousen.

Gov. Noem received a standing ovation from a packed audience. 

Senator Mike Lee, of Utah, came and spoke — he was great. He told me that Biden will pass a watered-down version of his tax increase. If it happens, the bull market on Wall Street will be due for a setback.

  

Sen. Mike Lee and Mark Skousen

We had 250 speakers in all.  

Larry Elder showed up and received multiple standing ovations during his speech in which he declared he was running to become governor of California. He’s leading in the polls!

Larry Elder signing books at the FreedomFest bookstore.  

I surveyed the audience several times. Most had never been to Mt. Rushmore… This was the first time most of the attendees had been to FreedomFest… When I asked how many had relatives who had died of COVID-19, only five people raised their hands out of over a thousand. When I asked if the November election had been stolen, 75% raised their hands.

We will soon be offering audio recordings of all the sessions at www.freedomfest.com/audio. The price is only $195! I enjoy listening during the rest of the summer to all the sessions I missed at the show.

We are planning to return to Las Vegas next year, July 13-16, 2022, at the Mirage Hotel & Casino. Our theme is “Turning the Tide.” Let’s hope we can turn the tide away from another shutdown in Vegas. Steve Forbes and Senator Rand Paul are planning to speak. 

For those who attended FreedomFest in South Dakota, we offered a special “early bird” price of only $299 per person. I’ve arranged to extend this low price to you if you register at www.freedomfest.com by Saturday, July 31.  

Upcoming Conference

New Orleans Investment Conference, October 19-22, New Orleans Hilton HotelJoin me on my birthday (Oct. 19) as I discuss the significance of the October 19, 1987, crash… Other speakers include James Grant, Rick Rule, James Richards and Brien Lundin. For information, go to www.neworleansconference.com.

You Nailed It! FreedomFest Speaker Identifies Top Ten “Dumb and Dumber” Ways the Federal Government Wastes Taxpayer Money

One of the most popular speakers at this year’s FreedomFest was Adam Andrzejewski (say: Angie-eff-ski), a Forbes columnist and CEO & founder of OpenTheBooks.com, which exposes waste and fraud in government.  

He’s a modern-day William Proxmire, the Democratic senator from Wisconsin who used to issue the annual Golden Fleece Awards to Congress for wasteful spending.  

I asked him to give today’s top ten Golden Fleece Awards and he used the more up-to-date phrase “Dumb and Dumber.”

Here are the top ten ways the federal government wastes our money.

Top 10 Dumb Ways the Federal Government Spent Taxpayer Money. Remember, It’s Your Money!

#1 Only in New York City do the public-school janitors out-earn the principals. Janitors make up to $256,000 and the average principal makes $154,000.

That’s dumb… this is dumber: lifeguards in Los Angeles County make up to $392,000. I guess life’s a beach if you are an LA County lifeguard. We found 81 lifeguards made between $200,000 and $392,000.

#2 NYC Mayor Bill De Blasio declared ‘war on rats’ and dedicated $32 million, funded by taxpayers, for his rat extermination campaign. In the following year, citizen complaints to the city hotline spiked 32 percent to an all-time high. At OpenTheBooks.com, we partnered with the New York Times, their headline? “The Rats Are Taking Over New York City.”

So, that’s dumb, but this is dumber: San Francisco’s self-described members of the Poop Patrol make up to $182,000 per year. In a nine-year period, we mapped 140,000 cases of human waste on city streets, and that’s a human health catastrophe.

#3 The average federal employee receives 44-days of paid time off. That’s 11 holidays, 13 sick days and 20 vacation days after just three years on the job. Is this France?

That’s dumb, but this is dumber: the number 1 most highly compensated federal employee is Dr. Anthony Fauci, who out-earned 4.3 million of his colleagues. Don’t you wish Fauci did a better job following the science?

#4 Federal grant making at $700 billion per year. A target rich environment for waste. $200,000 funded a virtual reality platform to teach Chinese children how to cross their busy streets. Plus, $1 million was spent by NASA to “prepare the nation’s religions for the discovery of extraterrestrial life.” In addition, $1.4 million funded sex education for California prostitutes, who could probably teach the class.

And speaking of prostitutes…

#5 The Ivy League… Cornell University took a $1 million grant to study “where it hurts the most to be stung by a bee.” 

That’s dumb, but this is dumber: in a recent six-year period, our auditors at OpentheBooks.com found the eight schools of the Ivy League reaped $42 billion in taxpayer paid subsidies, special tax treatment on their endowment and direct payments on federal contracts and grants.

What government program is running well?

#6 Covid aid 2020? Many wealthy organizations received millions in COVID-19 aid. “Hamilton,” the most successful musical in the history of Broadway, asked for $50 million and has already received $30 million in COVID aid. 

That’s dumb, this is dumber: Paycheck Protection Program — PPP for The CCP (Chinese Communist Party). Specifically, 125 domestic firms owned or heavily invested in by the CCP received up to $419 million in round one PPP funding.

What government program is running well?

#7 Covid aid 2021? In the American Rescue Act, Congress bailed out the Top 50 Richest Places in America, Beverly Hills ($6.3 million), Greenwich, CT ($21 million), Key West, Florida ($10.1 million), and the county of Silicon Valley, Santa Clara County (nearly $400 million). 

That’s dumber, this is dumber: California’s state government ran a $75 billion SURPLUS and Congress bailed them out for $26 billion!

What government program is running well?

#8 Could it be the IRS? The agency admitted that $1 in every $4 paid out of the Earned Income Tax program (benefits poor families) went to people who didn’t qualify. That’s $18 billion last year!

That’s dumb, but this is dumber.

Social Security paid out $8 billion improperly last year… so we dug deeper and found their books are a mess. Social Security has six million active SS#’s of people aged 112+ (only 40 people in the world).

It gets worse… the 20 largest federal agencies admit to $2.5 trillion in improper and mistaken payments since 2004!

This is institutionalized incompetence!

But it gets worse…

#9 Unemployment benefits. 44 million people lost their jobs when politicians shut down the economy to “flatten the curve.” Congress threw out $860 billion in unemployment aid and now we know that up to $400 billion was stolen by con artists, criminals and crime syndicates.

We can’t make America great again unless we make America accountable again.

#10 Veterans Affairs. Remember when up to 1,000 veterans died waiting to see a doctor because there weren’t enough doctors, and the VA claimed a lack of budget? We forensic audited their checkbook and found $20 million purchased in high-end luxury artwork. Other payouts included a 27-foot Christmas tree costing $21,000; sculptures priced like five-bedroom homes. A VA Medical Center in Palo Alto, California, that serves blind veterans purchased two sculptures for $700,000. Blind veterans can’t see a fancy sculpture, and every veteran deserves to see a doctor.

I recommend you subscribe to Adam’s daily service, www.openthebooks.com.

Adam will be a regular featured speaker at FreedomFest. He is becoming the most influential advocate for transparency and honesty in government.

The post Arrogant Democrats Shut Down Vegas Again… We Celebrate FreedomFest in the Land of the Free appeared first on Stock Investor.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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