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David Sacks Warns DOGE Will All Be For Nothing, Unless…

David Sacks Warns DOGE Will All Be For Nothing, Unless…

AI & Crypto Czar David Sacks warns that Elon Musk’s efforts to expose waste and abuse at the Department of Government Efficiency (DOGE) may be futile unless Congress significantly reduces federal spending.

What we really need is for Congress to now embrace all of the corruption that Elon has found and eliminate it from the budget, because at the end of the day, in order to capture the savings here, we do need those appropriations eliminated from the budget,” Sacks said on the All-In podcast. 

Sacks warned that the real danger isn’t Musk backing down, but Congress slipping back into its entrenched pattern of reckless spending.

These old bulls in Congress who control the appropriations process—are they going to basically backslide and just put the spending back in because it’s easier to engage in this logrolling, or do we take advantage of this?” he asked.

Sacks emphasized the immense personal cost Musk has borne to reveal systemic corruption, citing the widespread protests targeting Tesla properties.

This has cost him enormously. One of the reasons why Tesla is down is because you’ve had crazy leftists engaging in terrorism, firebombing Tesla dealerships,” the Trump official said. “We’ve basically learned that this whole NGO thing is a giant scam where the people in government give enormous amounts of money to their friends, probably with the expectation that when they leave government, they’re going to be next in line at the trough.”

Since Musk took the helm at DOGE, Tesla has been under siege from a wave of protests and brazen acts of vandalism across the U.S. and beyond, with far-left activists resorting to arson, gunfire, and defacing dealerships, vehicles, and charging stations with hateful graffiti. The so-called “Tesla Takedown” movement has orchestrated demonstrations at hundreds of Tesla locations, pushing an anti-DOGE agenda to tank Musk’s company by calling for mass sell-offs of Tesla stock and boycotts of the brand.

Sacks then stressed that while Musk has laid bare the government’s dysfunction, without decisive action from Congress to slash spending, his efforts risk being squandered.

Elon’s done an enormous service exposing this. But it’s not entirely up to him. In order for us to realize the benefit, we need Congress now to act on that. I’m afraid that’s not going to happen,” he warned.

In March, President Donald Trump threw his support behind a rescission package to implement major spending cuts spearheaded by DOGE. “It would be great. I think we’re going to do that,” Trump told reporters.

According to a memo from the Office of Management and Budget (OMB) obtained by the New York Post, the administration is pushing two proposals to slash $9.3 billion. “The first includes a rescission of $8.3 billion in wasteful foreign aid spending (out of $22 billion) that does not expire in Fiscal Year (FY) 2025. The second is a separate rescission of all Federal funding for the Corporation for Public Broadcasting (CPB) — which funds the politically biased public radio and public television system,” the Post said.

Tyler Durden
Mon, 04/28/2025 – 22:35

Canadian Election: CBC Calls Election For Carney As Liberals Remain In Power

Canadian Election: CBC Calls Election For Carney As Liberals Remain In Power

Update (2225ET): To the surprise of nobody (aside from a few excited folks about three hours ago), Canada’s liberal party has won Monday’s national elections – with voters electing Mark Carney to a full term as the next Prime Minister according to national broadcaster CBC/Radio Canada.

According to CTV, Carney’s liberals have won a minority (vs. majority).

As of 10:51 p.m EDT, the Liberals had won or were leading in 161 out of 343 ridings. Pierre Poilievre’s Conservatives are set to remain in opposition, with 137 ridings so far. Parties need 172 seats to form a majority.

Poilievre is the fourth consecutive Conservative leader to lose to the Liberals, who have remained in power since 2015.

Canada’s former top banker, Carney replaced an increasingly unpopular Justin Trudeau as prime minister in March. Highlighting his experience steering major economies through economic crises, Carney succeeded in convincing Canadians that he was the best person to tackle affordability issues and take on Trump’s tariffs and annexation threats.

Carney’s victory cements the Liberal Party’s decade in power, which began with Trudeau winning a surprise majority over the Stephen Harper’s Conservatives in October 2015.

The full results will be available later this evening or early Tuesday.

*  *   *

After selling out quickly, 10 of these just showed up! Free Shipping. (click pic)

With Canada’s Atlantic polls now having closed in what will be a deeply consequential election, odds for conservative candidate Pierre Poilievre have begun spiking after conservative turnout was reportedly “larger than expected,” according to betting market Kalshi.

Update (2127ET): After some momentary excitement based on a reported ‘larger than expected’ turnout at Canadian polls, betting market odds for conservative candidate Pierre Poilievre have fallen back to the low 20% range. 

Stay tuned for more…

 

Earlier, Polymarket odds were as high as 48% for Poilievre – dropping to a 30% chance as of this writing – but nevertheless in sharp contrast to the 20% odds he’s been hovering around all week.

Only to reverse lower (as seen on this 6h chart)…

You can track the odds in realtime below:

We’re guessing Carney takes it, but there was still money to be made for those who partake…

*  *   *

After selling out quickly, 10 of these just showed up! Free Shipping. (click pic)

Tyler Durden
Mon, 04/28/2025 – 22:25

Supreme Court’s “Ghost Gun” Ruling Accidentally Paves Way For Next-Gen 80% Firearms

Supreme Court’s “Ghost Gun” Ruling Accidentally Paves Way For Next-Gen 80% Firearms

In late March, the Supreme Court upheld a Biden administration rule regulating so-called ghost guns — unserialized firearms — delivering what initially appeared to be a victory for billionaire-funded gun control groups, anti-Second Amendment Democrats, and their allies in the corporate media. However, the ruling has inadvertently opened a new frontier for DIY firearm kits, alleges one ghost gun maker.

The high court’s ruling in Bondi v. VanDerStok (originally Garland v. VanDerStok, but renamed after a new Attorney General was appointed) was a 7–2 decision upholding the rule issued by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) requiring ghost gun makers to include serial numbers on kits and conduct background checks on purchasers.

According to Defense Distributed’s Cody Wilson, the March 26th opinion, written by Justice Neil Gorsuch, was a master class in judicial hand-waving—a carefully worded evasion that accidentally set a new standard even stronger than Chevron for upholding administrative agency actions while quietly greenlighting the next evolution of DIY firearm kits.

In Wilson’s view, the high court’s ruling did not ban ghost guns but instead inadvertently provided a roadmap for how the industry can survive — and even thrive.

Parsing through Gorsuch’s opinion, Wilson cited a few lines from pages 11 and 12 that show the DIY firearm kit industry is far from dead:

On page 11:

In the same way and for the same reason, an ordinary speaker might well describe the “Buy Build Shoot” kit as a “weapon.” Yes, perhaps a half hour of work is required before anyone can fire a shot. But even as sold, the kit comes with all necessary components, and its in-tended function as an instrument of combat is obvious. Really, the kit’s name says it all: “Buy Build Shoot.”

On page 12:

That turns out to tell us all we need to know about the statute’s “ready conversion” test. As we have seen, a person without any specialized knowledge can convert a starter gun into a working firearm using everyday tools in less than an hour. Mullins, 446 F. 3d, at 755. And measured against that yardstick, the “Buy Build Shoot” kit can be “readily converted” into a firearm too, for it requires no more time, effort, expertise, or specialized tools to complete.

Although the plain text in this opinion is intended more as an admonishment of Polymer80, which had become the ghost gun industry’s largest single success story, it also undermines the ATF’s purposely vague “tests” for determining when components have or have not become firearms,” Wilson said, adding that ghost gun kits are not dead after the ruling – just the high court saying kits must be:

  1. Require more than an hour of effort and work

  2. Involve uncommon tools to complete, and;

  3. Lack all necessary components to be built into a functioning weapon

On Saturday, Defense Distributed debuted the next iteration of DIY firearm kits that fit the new definitions of the high court’s ruling. The new ghost gun is called the “G80.”

This kit was unveiled at the NRA Convention in Atlanta.

Meanwhile, everyone thought ghost guns were dead… 

Tyler Durden
Mon, 04/28/2025 – 22:10

West Africa-Linked Auto Theft Gang Busted In New Jersey

West Africa-Linked Auto Theft Gang Busted In New Jersey

A gang of car thieves — attempting to copy the Nicolas Cage film “Gone in 60 Seconds” — burglarized homes and stole luxury vehicles across the New York–New Jersey area, cramming the stolen cars into shipping containers bound for third-world West African countries.

New Jersey Attorney General Matthew Platkin charged 11 individuals with stealing 43 luxury vehicles, including Land Rovers, Mercedes-Benzes, and BMWs, valued at $3.65 million.

“While car thefts in New Jersey have decreased significantly over the past year and have continued to decrease in 2025, we are committed to reducing them further. This case is about more than just the theft of vehicles, it is about stealing people’s sense of security and safety,” said Attorney General Platkin.

Division of Criminal Justice Director Theresa Hilton called the theft “a complex criminal enterprise that specifically targeted and stole high-end vehicles to be shipped to overseas buyers. Working together, we were able to charge these defendants with serious crimes carrying lengthy prison sentencing exposure.”

“This case reflects how car theft today is a global enterprise,” Bronx District Attorney Darcel D. Clark said, adding, “Millions of dollars worth of stolen vehicles—including a $475,000 Rolls Royce—were taken to a Bronx parking garage that defendants used as a showroom. The vehicles wound up in shipping containers in Elizabeth and then in West Africa. My Office, specifically, Assistant District Attorney Jessica Lupo, a Deputy Chief in the Trial Division, worked with NYPD Auto Crime and NJ Attorney General Matthew Platkin to identify and dismantle this group. We will not tolerate auto crime in the Bronx.”

Theft crews were paid for the stolen vehicles with cash from money wired from West Africa to the mid-level and high-level fences,” Attorney General Platkin said, noting that all defendants are charged with first-degree racketeering. 

Attorney General Platkin charged the following defendants: 

Jahquil Louis, 19, and Daniel Deleon, 18, both of Newark; Jomar Ocasio, 19, of Belleville, Quadir Williams, 21, of Riverdale, Mamadou Camara, 29, Moussa Doumbia, 22, Arona Amadou, 35, Mouslim Ouedraogo, 32, Moubarak Djibril, 23, all of Bronx, New York; Issa Yara, 38, of Manhattan, and an 18-year-old from Scranton Pennsylvania who was a juvenile at the time of their arrest.

Organized criminal groups across the Mid-Atlantic and Northeast have targeted luxury cars for years, using major ports on the East Coast to ship these vehicles to West Africa.

In addition to these groups targeting cars, under the Biden-Harris regime, illegal alien criminal gangs targeted wealthy suburban neighborhoods across the country.

The Trump administration has reestablished a big focus on law and order nationwide by deporting criminal illegal aliens, while Democratic lawmakers and left-leaning judges have sought to block these deportations at every turn.

Tyler Durden
Mon, 04/28/2025 – 21:20

How America Funded China’s Rise

How America Funded China’s Rise

Authored by Spencer Morrison via American Greatness,

The free trade brigade obsesses over economic minutiae – they cry that tariffs will raise the cost of plastic spatulas by 50 cents! 

What a disaster!

Who cares?

The reality is that trade with China is not in America’s interests because it funds our greatest rival. 

Here’s how America funded China’s rise, and why tariffs will help keep America safe and free.

A Dragon Fed: How America Funded China’s Rise

Economists say freer trade benefits everyone—even trade with China. America gets cheap goods and China gets money. Win-win.

Even if we assume America benefits, which is a false assumption as proven in my book Reshore, China has clearly benefited more. For example, China’s economy has grown by an average of 8.12% since joining the World Trade Organization in 2001—about four times greater than America’s. China and America benefited asymmetrically from trade.

Asymmetry may not be a problem economically, but it is a problem politically. Why? Power is zero-sum. The stronger China grows, the weaker America becomes relative to China. As such, trade with China is also a political issue. The question we should be asking ourselves is whether cheap goods are worth surrendering America’s political dominance.

To be clear, trade is not the only way that America has funded China’s rise. There are three primary ways that America enriches and empowers China: investment, trade, and theft.

First, America invested directly in China by building factories—offshoring 60,000 factories does not come cheap. The total value of American investment in China is unknown. According to China’s Ministry of Commerce, cumulative foreign direct investment (“FDI”) totalled $2.7 trillion in 2023. Just 2.1% of this investment was categorized as American.

The reason that this amount is so low is because American investment is usually routed through intermediaries, mostly Hong Kong, Singapore, and the British Virgin Islands. This is why Hong Kong—a city smaller than Shanghai—owns 68% of FDI in China.

Not coincidentally, Hong Kong is a major recipient of FDI from the U.S. and from the British Virgin Islands—a tiny banking archipelago that is itself capitalized by the U.S. and the City of London. Because of this shell game, we cannot know the actual amount American companies have invested in China, but if we assume that FDI correlates with the relative size of China’s trade surpluses, then America’s investments total $972 billion.

This estimate is probably low. Why? China runs trade surpluses with countries that clearly contributed no investment, such as most countries in Africa and the Middle East. Given the level of economic integration, I would hazard an estimate that most FDI ultimately originated in America or the City of London, funneled through their banking havens.

Second, America indirectly funded China’s rise through the trade deficit, buying more Chinese goods than we sold. The cumulative trade deficit with China since 2001 is roughly $6 trillion, after accounting for inflation. 

Not only were the Chinese able to spend these profits, but they were also able to borrow against the revenue, greatly multiplying their access to capital.

Third, China has stolen an almost unquantifiable amount of American technology. In 2017, the Office of the United States Trade Representative estimated that China steals intellectual property worth between $225 and $600 billion per year, more than the value of the annual trade deficit. If we use the low estimate and do not adjust for inflation, the value of stolen technology would be at least $5.4 trillion.

Interestingly, the above numbers actually undervalue the quantity of this theft. Why?

Because most of the technological and IP outflows are not stolen in a traditional sense. For example, the main vector of technological transfer is via Chinese companies using their profits from the trade deficit to buy shares in American companies, at which point they own the technology. Currently, foreigners own 17% of American equities, and the number is growing.

The other vector is through Sino-American corporate partnerships. Basically, American companies that build factories in China are forced to partner with a local Chinese company, a corporate clone. The plant is staffed by Chinese workers, who are taught America’s industrial processes and how to replicate American technology.

Providing China access to American technology is actually the price to enter China’s market—American companies cannot operate in China without giving up their technological and industrial secrets. Yet they do it anyways because the Chinese make it worth their while.

In my view, the value of America’s stolen technology was priceless.

Remember, mainland China’s economy was largely preindustrial—about as productive and technologically advanced as the Thirteen Colonies during the American Revolution. Now, China has reached technological parity with the U.S. Theft allowed China to skip 200 years of technological and economic development.

America funded China’s rise. This has not only impoverished America, but it has also ended America’s superpower era. We now live in a multipolar world, bought and paid for by America’s corrupt politicians and Wall Street.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden
Mon, 04/28/2025 – 20:55

Canadian Election: Poilievre Odds Fall After Early Gains Despite ‘Larger Than Expected’ Conservative Turnout

Canadian Election: Poilievre Odds Fall After Early Gains Despite ‘Larger Than Expected’ Conservative Turnout

Update (2127ET): After some momentary excitement based on a reported ‘larger than expected’ turnout at Canadian polls, betting market odds for conservative candidate Pierre Poilievre have fallen back to the low 20% range. 

Stay tuned for more…

*  *  *

With Canada’s Atlantic polls now having closed in what will be a deeply consequential election, odds for conservative candidate Pierre Poilievre have begun spiking after conservative turnout was reportedly “larger than expected,” according to betting market Kalshi.

Earlier, Polymarket odds were as high as 48% for Poilievre – dropping to a 30% chance as of this writing – but nevertheless in sharp contrast to the 20% odds he’s been hovering around all week.

Only to reverse lower (as seen on this 6h chart)…

You can track the odds in realtime below:

We’re guessing Carney takes it, but there was still money to be made for those who partake…

Stay tuned for updates…

Tyler Durden
Mon, 04/28/2025 – 20:30

6 Days After Celebrating ‘100% Renewable Power’, Spain Blames “Rare Atmospheric Phenomenon” For Nation’s Largest Blackout In History

6 Days After Celebrating ‘100% Renewable Power’, Spain Blames “Rare Atmospheric Phenomenon” For Nation’s Largest Blackout In History

Six days ago, the media celebrated a significant milestone: Spain’s national grid operated entirely on renewable energy for the first time during a weekday.

At 12:35 pm today local time, the lights went out across Spain and Portugal, and parts of France.

As Michael Shellenberger writes at PUBLIC, this wasn’t just a Spanish blackout. It shook the entire European grid.

none of this should have been a surprise. The underlying physics had been understood for years, and the specific vulnerabilities had been spelled out repeatedly in technical warnings that policymakers ignored.

As countries replaced heavy, spinning plants with lightweight, inverter-based generation, the grid became faster, lighter, and far more sensitive to disruptions. That basic physical reality was spelled out in public warnings as far back as 2017.

Although political leaders promised that renewable energy would provide stable, affordable power, in practice, Spain grew more reliant on the remaining nuclear and natural gas plants to sustain inertia — even as the government pushes them to close.

Despite all these warnings, political and regulatory energy in Europe remained focused on accelerating renewable deployment, not upgrading the grid’s basic stability. In Spain, solar generation continued to climb rapidly through 2023 and early 2024. 

Coal plants closed. Nuclear units retired. 

On many spring days by 2025, Spain’s midday solar generation exceeded its total afternoon demand, leading to frequent negative electricity prices.

The system was being pushed to the limit.

And today, at 12:35 pm, it broke.

Spain’s blackout wasn’t just a technical failure. It was a political and strategic failure.

Unless Spain rapidly invests in synthetic inertia, maintains and expands its nuclear fleet, or adds some other new form of heavy rotating generation, the risk of future blackouts will only grow worse.

Read Michael Shellenberger’s full take here…

Crucially, comprehending problem of inertia (or lack of it) is key to apportioning blame for this farce in a major western nation in the 21st century. Mark Nelson (@EnergyBants) simplifies the concept with the following useful metaphor:

The Small or medium-sized disturbances on the grid become very difficult to manage and can cascade into wider instability and outages when the grid is in a low inertia condition, as was the case Monday in Spain just before the massive ongoing blackout

*  *  *

Click picture, add to cart, be prepared…

Update (1126ET): Portugal’s grid operator, REN (Rede Eléctrica Nacional), claimed that the massive power outage affecting Portugal and Spain was sparked by a “rare atmospheric phenomenon,” specifically “extreme temperature variations” in the Spanish electricity grid. 

British media outlet LBC News provided more color on REN’s claim:

Due to these variations in the interior or Spain, there were “anomalous oscillations in the very high voltage lines (400 KV), which is a phenomenon known as ‘induced atmospheric vibration'”.

“These oscillations caused synchronisation failures between the electrical systems, leading to successive disturbances across the interconnected European network.”

. . .

REN added that normalisation of the system could take up to a week.

Bloomberg’s Javier Blas noted:

And this:

Additional BBC News headlines of the chaos unfolding across Europe’s Iberian Peninsula:

  • Delays at Spanish and Portuguese airports

  • In London, Gatwick reports delayed flights to affected areas

  • Portugal blames outage on ‘fault in Spain’s electricity grid’

  • Extreme temperature variations in Spain’ contributed to outage – Portuguese grid officials

  • Restoring power across Portugal ‘could take up to a week

  • No indications of any cyber attack, says European Council president

  • Power back on in some substations, says Spain’s electric operator, but railways still suspended

  • French operator supplying electricity to Spain

  • Grid operator says power returning in parts of Iberian peninsula

Disruptions…

I’m in Spain and trust me the issue isn’t the darkness…No payments possibles without cash (so no food and transportation), very limited internet and no clue whether it’ll actually be resolved,” one X user told Javier. 

The blackout highlights just how fragile the new digital and “green” society has become.

*   *   * 

Large swaths of Spain and Portugal plunged into darkness on Monday. 

Spanish power grid operator Red Electrica wrote on X:

  • Plans activated to restore electricity supply in collaboration with sector companies following the blackout that occurred in the peninsular system.

  • The causes are being analyzed, and all resources are being dedicated to resolving it.

Parts of France also appear to be affected, according to Spanish media reports, which said Seville, Barcelona and Valencia were hit by the outage,” SKY News reported.

Bloomberg’s Javier Blas called the power outage “Massive — really, massive.” 

“Massive — really, massive — electricity outage hits Spain, which large part of the country suffering blackouts (including Madrid and Barcelona). Data from Spain’s national grid shows a lost of >10 GW of demand, from ~26GW to ~12GW in a few seconds. Reason unknonw.”

Cloudflare reported that internet connectivity dropped “by as much as 30% in Portugal and 37% in Spain” due to the power outages. 

Outages have begun to affect air travel. 

Footage:

Red Electrica provided no details about what caused the nationwide blackout. 

How long until Brussels blames the Russians? 

Psst… click here for a preview of our new partnership at ZH Store.

Tyler Durden
Mon, 04/28/2025 – 20:26

Israel Resumes Pounding Beirut Suburb After Relative Quiet

Israel Resumes Pounding Beirut Suburb After Relative Quiet

Authored by Jason Ditz via AntiWar.com,

For the third time in the past month, Israel has carried out an airstrike against the Lebanese capital city of Beirut. This latest strike targeted the Hadath neighborhood, a southern suburb of Beirut. They issued a warning telling civilians to evacuate the neighborhood in advance of the attack.

An explosion was reported in the area around 6 pm local time on Sunday, and a plume of smoke was seen rising from the neighborhood. The exact details on what was hit and what casualties, if any, resulted are as yet unclear.

Prior/illustrative: Israeli Air Force jets over Beirut During Hassan Nasrallah’s Funeral. State of Israel public release.

Preliminary reports are that three bombs have hit the area, and it is believed that two different buildings were targeted, though exactly what they are is not entirely clear.

Israel was quick to claim that the attack targeted a Hezbollah weapons depot, and that it housed “high-quality weapons.” They reported informed the US in advance of the attack. Evidence of this claim of a missile depot was not offered.

Israeli media quoted unnamed defense officials as saying this must have been an unusual and dangerous threat because otherwise Israel would not have attacked in such a way. Israel launches multiple attacks on Lebanon effectively every day, and almost always under the pretext of targeting Hezbollah.

Indeed, Beirut wasn’t the only strike of Sunday. Earlier in the day, an Israeli drone attacked a farm near the southern village of Haltakilling one civilian. Here again, the official Israeli narrative was that this civilian was a “Hezbollah operative” who was actively rearming Hezbollah at the time they attacked the farm.

Israel is facing growing criticism for its indiscriminate attacks on Lebanon, which often inflict civilian casualties. Israel only comments on some of the deadly attacks carried out on Lebanon in a given day, and almost always claimed Hezbollah figures were the target, but the evidence simply isn’t there that they’re hitting Hezbollah in any reliable way, and as tensions continue to grow along the border, the Lebanese government is pushing France and the US, the guarantors of the ceasefire Israel is constantly violating, to do something about it.

The UN Special Coordinator for Lebanon issued a statement warning the strikes in Beirut were causing panic, though as of yet neither the US nor France has commented on the latest strike. France has tended to be more willing to criticize Israeli aggression, while the US has tended to endorse such attacks.

Tyler Durden
Mon, 04/28/2025 – 20:05

Leftism Is Killing Chocolate

Leftism Is Killing Chocolate

Authored by Andrew Widburg via AmericanThinker.com,

After years of writing about politics, I’m a pretty hardened character. I’m cynical, pessimistic, and, while I’m often disgusted, I’m seldom shocked or panicked. But what I read at the JoNova site was so terrible I’m reeling: “Price fixing kills the cocoa farm.” It turns out that, thanks to price controls in Ghana, one of the world’s primary chocolate-producing countries, chocolate farmers aren’t even bothering to plant new crops. Honestly, I feel quite ill.

I love chocolate at a level that comes close to (but I hope never crosses into) being idolatrous. It is one of the greatest pleasures in my life. Every day, I nibble at my Guittard Extra Dark Chocolate Chips, which, to my mind, are the best around: not too sweet, with a perfectly balanced fruity, vanilla undertone. Also, when the spirit moves me and the freezer isn’t too full, I make what is quite possibly the best chocolate ice cream around, using Droste Cocoa (worth every penny), along with hints of caramel and almond.

When I say I take chocolate seriously, I am not exaggerating. I consider it essential. So, when I read that socialist price-fixing policies in Ghana (as opposed to the leftists’ delusional bugaboo of anthropogenic climate change) are threatening the world’s cocoa supply…well, I’m getting ready to place a big chocolate order, that’s all I can say.

Jo Nova, one of Australia’s top real science writers (as opposed to the faux, leftist science writers), has the story:

There has been a wicked price spike in cocoa beans which the usual suspects are blaming on “climate change” as if your air conditioner was ruining cocoa crops in West Africa. 

Instead African governments have fixed the price of cocoa for decades, forcing poor farmers to work for a pittance, and keeping the big profits for themselves. 

Not surprisingly, even though there is a wild price spike, farmers in Ghana are leaving the industry, smuggling crops out (because they get a better price).

They didn’t plant new trees, they ran out of money for fertilizer, and didn’t try new varieties. 

Their children don’t want to farm cocoa, and the yields are falling on old sickly plantations.

So, surprise, socialist government controls wrecked the industry and they are now scrambling to put the pieces back together. 

Things are so desperate, the government of Ghana raised the price of cocoa by 58% last April and then raised the price of cocoa by another 45% last September, to try to reduce the smuggling. 

(The government was losing too much money). 

At one point last year it was estimated that a third of the national crop was lost to smugglers.

A few months after this, the farmers were hoarding their beans in expectation the government would have to give them another price rise. Just chaos for everyone.

Of course, that’s just the top note of an excellent essay that isn’t just about chocolate but, instead, uses the chocolate debacle as a springboard to discuss how socialism perverts markets, diminishing available supplies and impoverishing ordinary people. It’s worth your time to check it out.

So, next time you hear a chocolate lover bemoan the price of chocolate and, naturally, blame climate change for that situation, be sure to direct your friend to Jo Nova’s article. Your friend might learn something. Indeed, because every person has his or her truth, the one thing that matters most to him, your friend might suddenly decide that the free market is a good thing.

Tyler Durden
Mon, 04/28/2025 – 19:15

“ENEMY OF THE PEOPLE”: Trump Rages After Negative Polls, Demands Investigations

“ENEMY OF THE PEOPLE”: Trump Rages After Negative Polls, Demands Investigations

President Donald Trump on Monday said that pollsters reporting a recent slide in approval ratings should be investigated for “election fraud” over how wrong they were during his reelection campaign, as the country approaches Trump’s 100th day in office and markets continue to pivot over chaotic messaging.

Citing recent polls from the NYT, WaPo, ABC News, and Fox News, Trump wrote on Truth social on Monday: “They are negative criminals who apologize to their subscribers and readers after I win elections big, much bigger than their polls showed I would win, loose a lot of credibility, and then go on cheating and lying for the next cycle, only worse,” adding “These people should be investigated for ELECTION FRAUD, and add in the FoxNews Pollster while you’re at it.”

They suffer from Trump Derangement Syndrome, and there is nothing that anyone, or anything, can do about it. THEY ARE SICK, almost only write negative stories about me no matter how well I am doing (99.9% at the Border, BEST NUMBER EVER!), AND ARE TRULY THE ENEMY OF THE PEOPLE! I wish them well, but will continue to fight to, MAKE AMERICA GREAT AGAIN!” Trump continued.

That said, Trump’s approval rating hasn’t slipped that much according to a recent WaPo-ABC News poll – which found that 55% of adult Americans disapprove of the way he’s handling his job vs. February at 53% disapproval.

The same poll found that Trump’s approval rating is the lowest for any past president at the 100-day mark in their first or second terms.

Fox News, meanwhile, found that voters are displeased with Trump on just about every issue aside from border security.

Overall approval of Trump’s job performance comes in at 44%, down 5 points from 49% approval in March. That’s lower than the approval of Joe Biden (54%), Barack Obama (62%), and George W. Bush (63%) at the 100-day mark in their presidencies. It’s also lower by 1 point compared to Trump’s 45% approval at this point eight years ago.

Some 59% of voters are unhappy with how things are going in the country. That’s an improvement since the end of former President Biden’s term (68% dissatisfied), but worse than four years ago at the beginning of Biden’s term (53% dissatisfied). It’s also worse than the 100-day mark of Trump’s first term (53% dissatisfied). Since his inauguration in January, satisfaction among Democrats has turned to dissatisfaction and vice versa among Republicans. Dissatisfaction remained steady among Independents.  

What say you?

 

Tyler Durden
Mon, 04/28/2025 – 18:50