“Marxists believe that they have a right to take the property of others,” “Socialism is Theft” – Rick Manning – Daily Torch, ALG; plus, Manufactured Home Investing, Stock Updates

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The evening snapshot of manufactured housing connected stocks at the closing bell are found after the featured focus and the related report links further below. No one else in manufactured housing provides this business-nightly service. This is just one of several features that keeps MHProNews the runaway most-read, most-trusted trade media in manufactured housing.

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.

COVID-1984 Blues – Daily Torch & ALG’s Robert Romano asks: “Will the Virus Ever Allow the U.S. Economy to Fully Reopen Again?”

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Americans for Limited Government boasts of cartoonist Branco as part of their messaging.

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The video from Prager University below will be a useful compliment to the report that follows.

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The Epoch Times is an openly anti-communist publication, which periodically produces infographic or other types of information that spotlights the woes involved in Socialism, Communism and those that follow “Marxist” thinking.

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…

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Understanding media bias is useful to sifting through possibly hidden agendas.

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“We are a cancer and there is no cure,” MSNBC Producer Ariana Pekary Quits, Rips Them, Flawed News Industry Practices by Left + Right Media, Names Fox News

 

Headlines from left-of-center CNN Business

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  • Fortnite’s maker is suing Apple after being removed from its App Store
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  • Late-night hosts pick on Trump’s reaction to Kamala Harris
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  • 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
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Headlines from right-of-center Fox Business

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  • Biden, Harris promise to “create millions of jobs” lost during coronavirus pandemic
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  • MONEY
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Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Yahoo10MarketClosingIndicatorsManufacturedHomeProNews8.13.2020MHProNews1
The evening snapshot of manufactured housing connected stocks at the closing bell are found after the featured focus and the related report links further below. No one else in manufactured housing provides this business-nightly service. This is just one of several features that keeps MHProNews the runaway most-read, most-trusted trade media in manufactured housing.

Featured Focus –
Where Business, Politics and Investing Can Meet

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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.

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Socialism can only be ‘sold’ by misrepresentation, because the track record is horrific. It should be recalled that the graduated income tax is a socialist concept advanced by Karl Marx. “The idea that Marx was in favour of progressive taxation emerges only in the Communist Manifesto as a preliminary measure towards the extinction of the state.” – per Panarchy.
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If you like your privately owned property – your personnel possessions – then you would not likely be a good candidate for Marxist-Socialist-Communist thought.

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What follows is a continuation of Manning’s thesis, with the opening paragraph, shown above and in the quotable quote images.

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QuoteMark1ManufacturedHomeLivingNewsIn the case of the Las Cristinas gold mine, refusing to pay bribes to local officials resulted in then dictator Hugo Chavez confiscating the mine in 2011.  This, after Crystallex, the mine owner had invested more than $500 million into the local economy building infrastructure and other projects.  What did Crystallex and its shareholders get for this half a billion dollar community improvement expenditure?

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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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.

                      • 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).

ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionRetailFinanceStockInvesting8.13.2020MHProNews

 

Summer 2020
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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.

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