Legacy Thread

[basserdan]

Yep....

By Karl Denninger
2018-08-04 07:00

Well well, look what the cat dragged in....

Mexico won’t have to pay for the wall, after all. US taxpayers won’t have to pick up the tab, either. The controversial barrier, rather, will cover its own cost just by closing the border to illegal immigrants who tend to go on the federal dole.

That’s the finding of recent immigration studies showing the $18 billion wall President Trump plans to build along the southern border will pay for itself by curbing the importation of not only crime and drugs, but poverty.

I have long argued this very position (along with plenty of facts) and have been called a racist repeatedly for doing so.

We'll see how long it takes this time....

In the meantime, however, there is this:

Camarota explains that illegal border-crossers from Mexico and Central America — who account for more than 75 percent of the illegal immigrant population in the US — are overwhelmingly poor, uneducated and lack English language and other skills. In fact, the average Latino illegal immigrant has less than a 10th-grade education.

In other words they're on the left side of the curve -- substantially so.

This is the very side of the curve that has had its job opportunities for a middle-class lifestyle destroyed, on purpose, by the "globalists" -- all of the S&P 500 CEOs, all of the politicians on both sides of the aisle and damn near all of the punditry, state governments and similar.

Indeed even Harry Dent has come around to this point of view -- that we should let 'em all in.

Why?

Because he knows damn well that without continuing exponential expansion his view on markets and "prosperity" is doomed. Since we can't find and import enough people who are on the right side of the curve he, like the rest, resort to those on the left side and damn the consequences for the budget and thus forced federal inflation via deficit spending.

Such a view is amazingly short-sighted as it can never work in the longer term; it can only provide an illusion until the reality of piling up all that debt comes crashing through the roof, destroying asset markets and the real economy at the same time.

I would utterly love to do a conference panel with some of these jokers somewhere -- with but one condition, which is that nobody can talk over one another (in other words, your mic is only hot when it's your turn to speak) and we have a reasonable amount of time allocated given the number of participants -- so that each participant is going to get at least a half-hour to make their point(s). Yes, this means if there's a panel of 4 that's a 2 hour time block.

I'm in -- and I'll do it cheaply.

What organization has the balls to have me show up and take this thing on face-first?

https://market-ticker.org/akcs-www?post=233913