Tag Archives: Socialism

The war on successful people

There is no doubt that Trump created growth and jobs. But that was before the virus came in and destroyed the growth. Now, there is a different mindset in the White House. The Biden administration wants to increase the taxes.

The democrats tax hike plan is to increase the taxes on top individual of 39,6%. Top corporate rate will jump to 26,5% and 3% surtax on income over $5 million. This is a typical socialist agenda among socialists.

We know from history that Communism doesn`t work. We know that socialism isn`t Communism, but it`s Communism light if you will. Cutting the head of successful antrepreneurs has never worked in the long run.

Photo by Karolina Grabowska on Pexels.com

What people and socialists around the world should understand is that you are dependent of creative antrepreneurs. They are the reason why you have so much wealth and health right now. They gave you a luxury car, a smart phone and lots of internet of things.

They created products a lot of people around the world demanded. That demand was great business for the antrepreneurs and their businesses, and that is were the money to the socialists comes from. You cannot run a country without socialism, but you are dead without capitalism which comes first.

Tax foundation president Scott Hodge said the Biden tax plan will shrink the size of the economy by 1%. It will also cost the economy about 165,000 jobs. Shrink wages and capital stock. So, it will fewer jobs and the growth will be slower.

The tax on induviduals in New York will increase over 60% and that will make many people to leave Manhatten and flee to for example Florida were they treat people much better than any other places in the U.S.

Corporations will do the same. They will run as fast as they can to other places with a better tax plan. We also know from history that places with rich people and big corporations will have bigger growth than places with higher taxes and slower growth.

A research study found that about 51% of the economic burden on the corporate income tax falls on workers through lower wages. We saw the opposite happened under Trump. Growth went up and so did the wages.

The groups that are most harmed by the tax hike are women, low-skilled workers and younger workers The most marginal workers in the workforce.

So what we`re going to see from raising corporate taxes is a shrinkage of those kinds of jobs for the most vulnerable people in America.

House Democrats aim to raise a $2 trillion in tax revenue, and that is a very agressive tax plan.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Biden`s latest $1,8 trillion plan rejects the old social contract of work for benefits

Let`s face it; Joe Biden is the most popular president in the United States ever. More popular than Barrack Obama. More popular than Bill Clinton. What people actually voted for is bigger government, more government spending and more taxes.

Biden is not talking much to the Media, but after 100 days, he held a speech, and that speech scared the hell out of many people in the United States. One of them is Lindsey Graham. Biden scared the hell out of me tonight, he said.

He look weak as a commandor in chief, and he embraced socialism, Graham said.

The Media Mob attacked Trump for his border policy, but only a few is talking about the border crisis they have now. Biden talked about problems like racism, guns, virus and money, but didn`t say much about the border crisis they`re facing now.

He attacked rich and wealthy people that created the wealth in the United States. He want them to pay more money, so the government can grow bigger. If Biden`s policy works, why are GDP per capita in the U.S better than socialist countries?

Wall Street Journal Editorial Board had this headline earlier this week; «Biden`s Cradle-to-Grave Government.» His latest $1,8 trillion plan rejects the old social contract of work for benefits. Something that have worked under Clinton, Bush and Obama. But now, it seems like it is a new era. A socialist era.

All the people behind Joe Biden assume that the people who voted for him love his tax hikes and bigger government. In November 2022, we will find out if they are right….

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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More than 2 million early ballots already cast in Georgia runoffs

Georgia is the most important state at the moment, and control of the Senate hangs on Georgia runoffs. If Republicans win in Georgia, they will have control over the senate, and that will make it difficult for the socialists with their radical socialist agenda.

2020 was the year socialism went mainstream. The dangerous ideology, which has failed everywhere it has been tried and ruined countless lives, is on its way to becoming the default economic policy of the Democratic Party. This terrifying trend threatens the future of every American, Nikki Haley tweeted yesterday.

What will the future of the United States look like in 2021? It`s up to the people in Georgia. More than 2 million ballots cast in Georgia senate runoff elections in an already rigged election.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Nationalist party Sinn Fèin are celebrating a historic result in Ireland

The nationalist trend continues in Europe. Similar to the United States under president Trump. A poll on Friday last week revealed that Chancellor Angela Merkel`s party CDU dropped from 21,7 percent to «only» 12 percent. What a bombshell.

Only a few days later, we have a new bombshell. This time it is in Ireland were Sinn Fèin are celebrating a historic result. Sinn Fèin won 37 seats which is an increase of 14 on the 2016 election. Fianna Fàil lost 6 seats, but is the largest party with 38 seats. Only one more.

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The IRA`s former political wing Sinn Fèin`s leader Mary Lou McDonald said the outcome was «something of a revolution in the ballot box». Sinn Fèin used to be a political wing of the Irish Republican Army (IRA), which fought for Irish unity during the decades-long sectarian conflict known as “the troubles.”

This election has been different from others and the main issues has been housing, healthcare and childcare. The answer to that is the nationalist party Sinn Fèin which is not a left-wing party but a nationalist party. A party more like a pragmatic party according to specialists.

This is a complicated phenomen because the party was changed to Sinn Fèin – The Worker`s Party in 1977 and then to the Workers’ Party in 1982. The party has been closely associated with the IRA. Natable organisations that derived from it include Democratic Left and the Irish Republic Socialist Party.

Before the split with the terrorist organisation IRA in 1969-1970, the Workers’ Party was a Marxist-Leninist political party. But the Marxist outlook became unpopular with many of the more traditionalist republicans, and the party/army leadership was criticised for failing to defend northern Catholic enclaves from loyalist attachs.

(These debates took place against the background of the violent beginning of what would become «The Troubles»).

Mr. Varadkar`s center-right party Fine Gael slumped in opinion polls amid crisis in housing and healthcare. They have been trading power for decades along with another center-right party Fianna Fail. A duopol that is now coming to an end.

Both center-right parties had ruled out an alliance with Sinn Fèin during the campaign, and Mr Varadkar said Sinn Fèin was «not a normal party.»

Sinn Fèin support a policy of «critical engagement with the EU», and have a «principled opposition» to a European superstate. It opposes an EU constitution because it would reduce the sovereignty of the member-states.

It also criticises the EU on grounds of neoliberalism. Sinn Fèin MEP Matt Carthy says the «European Union must become a cooperative union of nation states committed to working together on issus such as climate change, migration, trade, and using our common strengths to improve the lives of citizens.

If it does not, EU disintegration becomes a real possibility.

The phrase «Sinn Fèin» is Irish for «Ourselves» or «We Ourselves».The name is an assertion of Irish national soverignity and self-determination; i.e., the Irish people governing themselves, rather than being part of a political union with Great Britain (England, Scotland and Wales) under the Westminister Parliament.

Sinn Fèin is the largest Irish republican party, and a republican document of the early 1980`s stated: «Both Sinn Fèin and the IRA play different but converging roles in the war of national liberation. The Irish Republican Army wages an armed campaign….. Sinn Fèin maintains the propaganda war and is the public and political voice of the movement.

The British government stated in 2005 that «we had always said all the way through we believed that Sinn Fèin and the IRA were inextricably linked and that had obvious implications at leadership level.»

«This is not a protest vote», leader of Sinn Fèin Mary Lou McDonald said on national TV yesterday. Why people voted for Sinn Fèin is their deep dissatisfaction with the traditional big two parties in Ireland. What people ask for is an alternative party for government. Huh…sounds like AfD in Germany. Another alternative party.

The risk now is a destabilisation of the Good Friday Agreement. The Belfast Agreement is a pair of agreements signed on 10 April 1998 that ended most of the violence of the Troubles. A political conflict in Northern Ireland that had been going on since the 1960`s.

It was a peace agreement between the British and Irish governemtns, and most of the political parties in Northern Irealand, on how Northern Ireland should be governed.

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Norway`s trade surplus plunged NOK 24 billion in August

Norway`s trade surplus plunged NOK 23,8 billion in August this year. All the way down from NOK 30,5 billion to NOK 6,7 billion in the same month the prior year. This is happening in a country that is famous for being «the last Soviet state.» A country were the Communist party is growing in popularity like never before.

But is doesn`t matter, because most of the income is coming from oil and gas. In addition; they have $1 trillion in assets called The Government Pension Fund Global, also known as the Oil Fund. The fund was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector.

The fund have stocks in 9158 different companies in 73 different countries. Most of the capital is invested in stocks and some of it in fixed income securities. A small part of the investments is invested in the real estate market.

The goal is to contribute to the walfare state.

Therefore, the fund and the country is dependend on sustainable growth, markets that works well and inovation.

Oil prices jumped more than 20 percent on Monday and that`s good news for Norway. The higher the price of oil, the more they earn. 62 percent of Norway`s export comes from Mineral fuels, oils and distillation products.

We all know that these category is on the way out. So, the “new oil” is fish that stands for 9,5 percent of the exports. In other words; this model is fragile.

The biggest trading partner is the United Kingdom with 22 percent export. Second is Germany with 16 percent. Third; Netherlands at 11 percent, France and Sweden with 6,7 percent. Down on the export list we will fine the U.S at 4,7 percent and China with 2,1 percent.

Two of the biggest trading partners are in trouble. United Kingdom with Brexit and Germany near recession. In addition; we have the trade tension between the U.S and China. As you can see; a higher oil price came at the right point for the fund as 62 percent of the exports comes from oil.

Brent climbed as much as 20 percent on Monday and that is the biggest percentage move since 1990 Kuwait invasion. It jumped up to $71 per barrel in the seconds after the open, before pulling back about half of the initial surge. That was equivalent to $12 increase, and that is the largest gain in dollar terms since 1988. All this is good news for Norway that is dependend on oil.

But the Nobel Peace Prize Country need to wake up, because this won`t last forever. Higher oil prices is good but that is not enough. The Petro dollar can also be a game changer in addition to all the electric vehicles that is flooding the market. Every single EV sold will decrease the demand for oil every single day.

Nor is fish enough. Oil is good especially if you are in a cartel business. You don`t have much competition either because oil is very limited in other countries. 70 percent on this planet is water and there are lots of fish in it. Other countries can start to compete in the fish industry whenever they want. Fish is not as unique as oil. Competitors can pop up and take market shares and push the prices down. Like Russia.

Russian aquaculture is planning a new RUB 1,5 billion smolt plant and that will reduce the dependence of Norwegian fry imports. Russian Aquaculture produces around 18,000 tonnes of salmon and trout on the Kola peninsula, the for northwest of Russia. Among the owners of the company are Maksim Vorobyov, the brother of the governor of Moscow.

Russia will triple the production in 11 years. The deputy head of Russia`s Fedral Agency for Fisheries Vasily Solokov has told Tass that the Russian government is drawing up plans to make salmon production account for 37 percent of all aquaculture by 2030.

Some Russian producers are hoping to increase production to cover one third of the country`s entire salmon and trout consumption. A peninsula in northern Russia which is close to key military bases and nuclear submarines is being used to grow the country`s salmon farming regime.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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