“Socialism is theft. At their very core, these Marxists believe that they have a right to take the property of others and make it their own without even bothering to compensate the rightful owner in any way. Thieves, looters, mobsters and some government officials, like Venezuelan dictators Hugo Chavez and Nicolas Maduro, make it a habit of demanding protection money under the threat of taking a person or company’s property at the point of a gun.”
So said Rick Manning.
Manning is “the President Americans for Limited Government.” (ALG). Net Right Daily said he is the winner of the Impact Award.
ALG President Manning’s information-laced thought-piece found further below makes a useful bookend to the national discussion on the realities vs. the claims about socialism. It is also complimented by his colleague Robert Romano’s fact-packed report that can be accessed via the link below.
The video from Prager University below will be a useful compliment to the report that follows.
The balance of Manning’s thoughts, along with some illustrations and related facts, are in tonight’s featured focus segment. The featured focus segment of this evening’s market report. That is found beyond the left-right headline news bullets and 2 of our 3 market snapshots at the close today.
The manufactured housing industry connected stocks are near the end of the report each evening, after the featured focus and the related/recent report links.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- Battle royale
- The Epic Games Inc. Fortnite: Battle Royale video game is seen in the App Store on an Apple Inc. iPhone displayed for a photograph in Washington, D.C., U.S., on Thursday, May 10, 2018. Fortnite, the hit game that’s denting the stock prices of video-game makers after signing up 45 million players, didn’t really take off until it became free and a free-for-all.
- Fortnite’s maker is suing Apple after being removed from its App Store
- Zillow exec: Why we changed our minds on remote work
- Europe isn’t going on vacation. That spells trouble for millions of workers
- How Trump’s war on WeChat could upend the global tech industry
- This is what it’s like when a country actually bans TikTok
- Analysis: After TikTok and WeChat, Alibaba may be next in Trump’s tech war
- Late-night hosts pick on Trump’s reaction to Kamala Harris
- Burger merger: Fatburger owner is buying Johnny Rockets for $25 million
- Peloton shares slip on possible new competition from Apple
- AMC is reopening its theaters next week with 15-cent tickets
- Apple and Tesla just announced stock splits. Here’s what that means
- Opinion: 5 ways Covid-19 will challenge airlines for years
- Yes, everyone really is buying a sewing machine now
- Without college football, sports networks have a lot of airtime to fill
- Why Meghan Markle wanted to interview The 19th*’s Emily Ramshaw
- Rendering of REI’s campus in Bellevue, Washington
- Outdoor retailer REI to sell sprawling new, unused headquarters to shift to remote work
- Equal Pay Day for Black women is today, August 13th. There’s a reason for that
- Medical robots keeping watch over coronavirus patients
- MARKETS
- ELECTION 2020
- LAS VEGAS, NEVADA – APRIL 27: Democratic presidential candidate U.S. Sen. Kamala Harris (D-CA) speaks at the National Forum on Wages and Working People: Creating an Economy That Works for All at Enclave on April 27, 2019 in Las Vegas, Nevada. Six of the 2020 Democratic presidential candidates are attending the forum, held by the Service Employees International Union and the Center for American Progress Action Fund, to share their economic policies. (Photo by Ethan Miller/Getty Images)
- Analysis: Fox News threw everything but the kitchen sink at Kamala Harris
- What Harris as VP would mean for Silicon Valley
- Barney Frank: Warren shouldn’t be Treasury secretary
- An election cliffhanger could spook Wall Street
- Hannity partners with RNC to fundraise for Trump
- TIME FOR AN UPGRADE
- BANGKOK, THAILAND – 2020/07/31: A view of the brand new Apple Store at Central World during the first day opening event.
- The iPhone 12 feature that could help convince millions to upgrade
- Microsoft’s new phone is … $1,400? Why?
- Samsung unveils its latest foldable phone
- See the new Samsung Galaxy Note20
- Apple wants to replace your car key with an iPhone
Headlines from right-of-center Fox Business
- POLITICS
- Biden calls for nationwide order to require face coverings
- “Every American should be wearing a mask when they’re outside for the next three months at a minimum,” Biden told reporters in Wilmington, Del.
- Biden, Harris promise to “create millions of jobs” lost during coronavirus pandemic
- Fed’s Kaplan says wearing face masks is key to US economic growth
- MONEY
- Trump tells Bartiromo he intends to slash this tax during his second term
- Trump: ‘I view China differently’ since coronavirus
- MARKETS
- GOP senator calls on China to repay $1.6T of century-old debt
- POLITICS
- Trump announces ‘historic’ peace deal between Israel, United Arab Emirates
- LIFESTYLE
- Uber, Lyft denied extension to make drivers employees in California
- MONEY
- IRS insider reveals when Americans can expect to receive second stimulus check
- OFF AIR
- LIFESTYLE
- American Airlines plans to cuts out some stops… here’s why
- SKY-HIGH REQUEST
- BUSINESS LEADERS
- Bankrupt airline seeks bonus for its chief executive
- INTO THE WILD
- RETAIL
- REI to sell brand-new headquarters, embrace ‘new normal’ of remote work
- TIPPING POINT
- LIFESTYLE
- Restaurant customers don’t like automatic tips, study finds
- ‘1920S PRICES’
- MEDIA
- Tickets at AMC movie theaters will be unbelievably cheap on opening day
- ‘WHAT IS RIGHT?’
- MONEY
- Why this CEO says US companies should consider slavery reparations
- CRITICAL SUPPORT
- MONEY
- Here’s how many retirees are entirely dependent upon Social Security
- WANTED MAN
- CRIME
- This country on hunt for exec accused of committing ‘fraud in the billions’
- MAG ROLLS DICE
- MEDIA
- Sports Illustrated owner in talks with betting company for possible deal
- BURGER FLIP
- MARKETS
- Johnny Rockets to be acquired
- TAKE-HOME PAY
- MONEY
- 5 unexpected sources of retirement income
- ‘DO NOT USE’
- HEALTH
- New toxin found in certain hand sanitizers, FDA issues warning
- MARKETS
- EU brushes off unchanged US tariffs on Airbus in hopes of resolving 16-year trade dispute
- LEGAL
- Ex-SoulCycle CEO allegedly made this crass comment about paternity leave
- ECONOMY
- Why New York is ranked last in nation for economic outlook
- AGRICULTURE
- Devastating storm turns what was set to be record corn crop into deep losses
- SMALL BUSINESS
- WATCH: Chicago clothing store looted for second time in three months
- TECH
- Why corporate America is worried WeChat ban could be bad for business
- TECH
- Apple to launch Amazon Prime-like bundle of services: What it will include
- LEGAL
- Party’s over: Airbnb takes legal action against guest in first for company
- SPORTS
- Postponed college football season would leave billions in ad revenue up for grabs
- POLITICS
- Ambassador, NFL team owner made ‘inappropriate’ remarks, watchdog finds
- CHINA
- Media tycoon Jimmy Lai reacts to Hong Kong arrest, says China was sending message of intimidation
- MARKETS
- Fisher-Price’s new pandemic-inspired playsets allow kids to mimic their parents’ new realities
- POLITICS
- Biden, Harris make big economic promise during debut as Dem ticket
- REAL ESTATE
- ‘Sexy’ apartment listing confuses with its suggestive description
- MARKETS
- Popular stocks on this trading app beat the market, JPMorgan finds
- SPORTS
- NFL referees’ coronavirus deadline to opt-out of 2020 nears, they can get $30,000 for leave of absence
- MARKETS
- Lyft may stop operating in this state if ruling isn’t overturned, execs say
- REAL ESTATE
- SEE PICS: Casino CEO sells Nevada home for record price
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
Manning’s thought-piece is found at the link here. It will be laced with images that are not in the original. MHProNews is on record as being opposed to Marxism, socialism, fascism, Nazism, and communism as being contrary to the American way and which routinely result in the oppression of the people they claim to benefit.
What follows is a continuation of Manning’s thesis, with the opening paragraph, shown above and in the quotable quote images.
They got their property stolen at the point of a gun, a Venezuelan government gun.
Crystallex took its case to court with cases going all the way to the U.S. Supreme Court which refused to take up an appeal by Venezuela’s leader Juan Guaido, the man who the U.S. government recognizes as the legitimate leader of Venezuela over the dictator Maduro. The Supreme Court failed to even choose to hear the Venezuelan appeal disputing a lower court’s finding that the mining company be made whole through liquidation of U.S. based assets of the Venezuelan government owned oil company — Citgo.
Very few presidents in recent history have been as strong of defenders of property rights as President Donald Trump, and holding Marxist regimes like Venezuela accountable for their unlawful seizure of property, like the Las Cristinas mine, is necessary to stop future illegal takings.
For those who don’t remember, President Trump has forced China to at least accept on paper the concept of Intellectual property in the Phase One trade deal. Whether they will is another matter, as China had already agreed to and then subsequently failed to protect intellectual and other property rights when they entered the World Trade Organization in 2001.
About a decade later, New Jersey Representative Chris Smith, the Chairman of the Congressional-Executive Commission on China began a hearing ten years after China entering the WTO questioning whether China has kept its promises when entering that body with a scathing statement taking the rogue Maoist-Marxist nation to task for abuses of human rights and property rights where he said, “China’s record of protection of intellectual property rights, a fundamental WTO obligation, is abysmal. Infringement of our companies’ intellectual property [IP] leads to lost sales to China from the United States and other countries, lost royalty payments, and damaged reputations, and presents a risk to consumers here and in China of unwittingly buying counterfeit pharmaceuticals or unsafe, fake products.”
The truth is that private property rights, intellectual or otherwise, are counter to the DNA of a socialist-communist regime which believes that everything belongs to the state. So China’s continuing abuses of property rights over the past two decades are not surprising.
And until President Trump was elected, no U.S. president was willing to hold Marxist governments like China and Venezuela accountable.
This is why it is so critical for the President to direct the Treasury and State Departments to enforce the federal court rulings to convert Venezuelan government owned Citgo assets as compensation for those who poured half a billion dollars into building out the area around the Las Crystinas mine, along with other costs associated with the mine operations, only to have it stolen.
If State and Treasury refuse to carry out the federal court decisions to make the owners of Las Crystinas mine whole, it sends a clear message to China, Venezuela and every other communist regime in the world, that the U.S. is not really serious about protecting private property rights and they can continue business as usual.
Everyone who has been paying attention knows about President Trump’s battles with the swamp. He has been completely unafraid to assert his control over the administrative state as the elected leader of our great country and they have chafed at the new hand at the wheel. Now, he needs to show Venezuela, China and indeed the world, that the United States will hold countries which nationalize private property accountable. Through a simple action involving Venezuela, the President can send a powerful message to China that this time, they’d better keep their property rights promise, or else there will be consequences.
The truth, which our President understands better than anyone, is that private property rights are the building blocks of prosperity, and without them, eventually capital does not flow to grow an economy. In a very short while, Venezuela has slipped from one of South America’s largest and most vigorous economic success stories to a place where its formerly prosperous citizens are reduced to eating their pets to avoid starvation.
Time has run out for Maduro and his out of control government. The time has come for America to lay down a marker that there is a new Sheriff in town, by following the rule of law and enforcing the federal court rulings allowing Venezuelan government owned Citgo assets to be sold to meet the debt their Marxist government created through their thefts of foreign owned property. It is time to hold Venezuela accountable, by making those who they had their property stolen whole and enforcing the U.S. court order
If the U.S. State and Treasury Department’s fail, they will set the principle of property rights, and indeed, freedom back a generation as other Marxist regimes will declare that private property is fair game.
Socialism and Marxism are robbery and its time for the robbers to pay the piper. ##
Rick Manning is the President of Americans for Limited Government.
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Related, Recent, and Read Hot Reports
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Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Summer 2020…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
