Gold Rush

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Unleash Prosperity Hotline
Issue #1090
08/27/2024
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1) Gold Rush
Don't look now, but Gold just hit a record-high price of $2,500 this week. That's a roughly 30% rise in the price in 11 months.

A rising gold price is always a bad sign. It signals higher inflation and/or a rush to safety from global political and economic instability.

But don't worry: Fed chief Jerome Powell says the inflation problem is behind us.

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2) Laugh or Cry?

At a reader's suggestion (yes, we read the suggestion box), we have decided to run a weekly item on the HOTLINE called Laugh or Cry. And we want to offer a big award each week for the reader who submits the best example of a nutty idea the liberals have conjured up in your hometown, your state, or nationally.

Here is this week's Laugh or Cry story from – where else – the New York Times:

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Vice President Kamala Harris mentioned climate change just once in her speech before the Democratic National Convention on Thursday, wrapping it into her larger campaign theme of freedom.

After attacking her Republican opponent, former President Donald J. Trump, on abortion, Ms. Harris declared that along with reproductive choice "many other fundamental freedoms are at stake" in the November election. Those include "the freedom to breathe clean air, and drink clean water and live free from the pollution that fuels the climate crisis," she said.

Apparently, imposing Stalinistic government rules and regulations on business and households – from what kind of car you can buy, to the light bulb you can install in your bathrooms, to what temperature you can set your home thermostat, to forcing businesses to report to the climate change police the CO2 emissions of their customers and suppliers – will make you free.

It's right out of Humpty Dumpty's immortal declaration to Alice: "When I use a word, it means just what I choose it to mean - neither more nor less."

Thanks to Mark Morano of Climate Depot ([link removed]) for alerting us to this mischief.

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3) Zuckerberg Confirms the Biden-Harris Assault on Free Speech

We've been warning that Biden and Harris have been routinely violating our First Amendment protections and now we have iron-clad proof.

Here is the key quote from a new letter from Mark Zuckerberg to Congress and folks this is scary stuff:

In 2021, senior officials from the Biden Administration, including the White House, repeatedly pressured our teams for months to censor certain COVID-19 content... we own our decisions, including COVID-19-related changes we made to our enforcement in the wake of this pressure. I believe the government pressure was wrong, and I regret that we were not more outspoken about it.

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About a year ago, the House passed HR140, the Protecting Speech from Government Interference Act, on a party-line vote. That bill would subject government employees who pressure private companies to censor First Amendment-protected speech to firing and fines up to $50,000.

Zero House Democrats voted for the bill and Senate Democrats have refused to even allow a vote. In light of Zuckerberg's confession, they should reconsider, or at least explain themselves to voters.

It's sad that the new left in America has no regard for our most basic civil liberties.

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4) Democrats Have Secret Plan To Kill Filibuster/Pack the Court if They Sweep in November

Some Kamala Harris apologists and some of our friends on Wall Street have suggested her most economically destructive ideas like price controls and wealth taxes would have no chance at 60 votes in the Senate or being upheld by the Supreme Court. But Democrats, should they be given trifecta control of the presidency, House, and Senate, have made clear they intend to nuke the filibuster and pack the court - removing all the guardrails from their big government agenda:

Here is the latest from Sheldon Whitehouse:

"To get around the filibuster, we're going to have to have a process that allows very substantial debate from the Senate minority," Whitehouse said at an event hosted in Chicago by the Brennan Center for Justice. "We are not going to want to give the Republicans multiple stalls, multiple filibusters on this, so the bill that gets around the filibuster will be virtually certain to include permanent reproductive rights, permanent restored voting rights, getting rid of corrupting billionaire dark money, and Supreme Court reform. If you've got a bill like that moving, that's going to have spectacular tailwinds behind it."

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5) The Media Celebrates Kamala Flip Flops
How hard is the media trying to ignore Kamala Harris's policy record and buy wholesale her claims she is moving to the center?

On ABC's "This Week" on Sunday, Senator Tom Cotton rattled off a series of Kamala's extreme policy views and included her support for abolishing private health insurance. Moderator Jon Karl Interrupted him and claimed she had changed her position. Cotton punched back and pointed out that her only retreat from the single-payer position that Bernie Sanders takes was made "by anonymous aides on a Friday night" and Harris herself has never retracted her position.

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Karl continued to argue that Harris had moved to the center, and seemed unknowledgeable on her policy views. For the record, here is her statement on private health insurance from the 2020 campaign:

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Given how much the media is giving Harris a pass on her radical views, it does raise the question: Why is Harris so hesitant to hold a news conference or a one-on-one interview given the laptop media's treatment of her?

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6) And the Joy of Raising Taxes

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