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 | Nelson Hultberg - AFR.org |
 The New World Order  |
| “Countless people will hate the New World Order and will die protesting against it.” – H.G. Wells, The New World Order (1939).
“You shall have one world government, whether you like it or not, by consent or by conquest.” – James Warburg, Former Aide to Franklin D. Roosevelt in testimony before the U.S. Senate Foreign Relations Committee, February 17, 1950.
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.” – DaWednesday, February 7, 2018 |
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 | Andy Hoffman - Miles Franklin |
| 2017, The Year of the Truth Bomb! (Part 1) |
| Here we are at the end of 2017 with more “truth bombs” released than I could have imagined! In fact, I believe we probably received more “truth” in just one year than collectively in all of human history. This is a sad statement because it also means we have lived behind more lies than at any time prior. Also surprising is none individually have cracked the dam called “confidence”. But do not be fooled as it looks as if the entire dam is moving, particularly in the last few weeks!
As we haveTuesday, December 26, 2017 |
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 | James Howard Kunstler |
2017 Year in Review  |
| For your reading pleasure Mondays and Fridays
2017 was the kind of year when no amount of showers could wash off the feeling of existential yeccchhhhh that crept over you day after day like jungle rot. You needed to go through the carwash without your car… or maybe an acid bath would get the stink off. Cinematically, if 2016 was like The Eggplant That Ate Chicago, then 2017 was more like Alfred Hitchcock’s Psycho, a gruesome glimpse into the twisted soul of America. And by that I do not mean sFriday, December 22, 2017 |
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| Nelson Hultberg - AFR.org |
 Nietzsche, Trump, and the Political Left  |
| The German philosopher, Friedrich Nietzsche, warned us back in the 19th century with his famous theme, the “Transvaluation of Values.” An ominous world dictatorship was coming where good would become evil, and evil good. Freedom would be thought of as slavery, and slavery would become freedom.
He “boldly prophesied that power politics and vicious wars were in store for the future. What he sensed was an approaching period of nihilism, the seeds of which had already been sown.” [1]
Ironically, eveSunday, November 5, 2017 |
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 | George F. Smith - Barbarous Relic |
 Whatever happened to the space race |
| In the wake of Sputnik I’s success on October 4, 1957, in which the USSR could stake claim to having built the first artificial earth satellite, a cosmic shift in perception took hold.Whatever advantages US society might have as measured by individual freedom, it came up short when stacked against Soviet science and technology.
Soviet space superiority was on display 32 days later when Sputnik 2 launched with Laika, a dog found roaming the Moscow streets who died a few days after takeoff. TMonday, September 4, 2017 |
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 | Nathan Lewis - New World Economics |
| It’s Getting Uncomfortable in the Prices, Interest Money Box |
| We’ve been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner
July 31, 2017: The Midas Paradox #2: Blame Gold
August 3, 2017: The Midas Paradox #3: It’s So Because I Say It Is
August 11, 2017: The Midas Paradox #4: Much Ado About Nothing
I’ve mentioned many times the “Prices, Interest, Money Box” that economists got themselves into beginning in the 1870s, and are still in today. The result of this, regarding the Great Depression, is Friday, August 18, 2017 |
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| Nathan Lewis - New World Economics |
| The Midas Paradox (2015), by Scott Sumner |
| Today, we will begin our look at The Midas Paradox (2015), by Scott Sumner. Sumner is a Fellow at the Independent Institute and also the Mercatus Center, where he is the “Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, where he is the director of the Program on Monetary Policy.” Mercatus is a university-attached think tank with a strong conservative leaning, that embraces the Austrian tradition (Ludwig von Mises and Friedrich Hayek, among others) with some enthusiasm. The regular economics department of George Mason has similar leanings, and provides a home for the gold-friendly professor Larry White. This is rather uncommon among academic economic departments.Sunday, July 23, 2017 |
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| James Howard Kunstler |
| The Technicolor Swan |
| When I think of the Democratic Party these days, the image instantly comes to mind of little Linda Blair playing the demon-possessed child in the classic horror movie, The Exorcist (1973), most particularly the scene in which she spews a stream of pea soup-like projectile vomit into the face of kindly old Max von Sydow, as Father Merrin, the priest come to rescue her.
The pea soup represents the sort of ideology that the Democratic Party has spewed out in recent years — a toxic mush of racial idMonday, June 26, 2017 |
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 | Bob Hoye - Institutional Advisors |
| Checklist for a Top |
| Signs of The Times
"Celine Dion Drops the Price on Her Jupiter Island Estate by $27 million"
- L.A. Times, May 28.
"Hard Times Hit Billionaire's Row with Luxury Condo Foreclosure"
- New York Post, May 30.
"Pending Home Sales Crash Most In 3 Years"
- Zero Hedge, May 31.
"Debt Pile-Up in US Car Market Sparks Subprime Fear"
- Financial Times, May 30.
"Per Capita Taxes Have More Than Doubled Since JFK"
- CNS News, May 31.
"Rents Are Deflating in the Hottest Cities"
- Business Insider, June 4.
PeSaturday, June 17, 2017 |
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 | Andy Sutton |
| The American Catastrophe – Paul Craig Roberts |
| This is my quarterly call for your financial support. Remember, this is your website.
This website was launched 5 years and 4 months ago on New Year’s Eve, 2011. Here is the inaugural column: http://www.paulcraigroberts.org/2011/12/31/the-outlook-for-the-new-year/ The inaugural column remains an accurate description of the American Catastrophe.
According to AWeber, the service that sends out the announcements of new postings, 1,840 notices of new postings have been sent during the 5 years and 4Friday, June 9, 2017 |
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| Nathan Lewis - New World Economics |
| the Final Standard |
| Gold: the Final Standard (2017), my third book about monetary topics, is now available in both eBook and print formats. I thought I would say a few words about how it came about.
It forms the third book of a sort of “gold trilogy,” as I see it, following Gold: the Once and Future Money (2007) and Gold: the Monetary Polaris (2013). Things were not really planned out that way, but I have the sense that it brings a level of completion to the topic. There will likely be more books in the future, soTuesday, June 6, 2017 |
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 | Captain Hook - Treasure Chest |
| Irrational Exuberance |
| Remember the time you might have first heard the term ‘irrational exuberance’? I will never forget it. It was in December of 1996. Alan Greenspan tried to warn people the stock market was getting ‘carried away’ at the time, which is rich considering the bubbles he was responsible for afterwards. Fast forward to today, and we have the same situation essentially, given the larger degree credit cycle is much closer to an end than a beginning, if not done. Thing is, you can never trust these people,Monday, April 24, 2017 |
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 | Michael Ballanger |
| No Surprise in Recent Moves in Gold and Silver Markets |
| Given the big down move this week in the precious metals, it would certainly follow that the activities of the Commercials would be no surprise. They matched all of the demand brought to bear on the Crimex gold pit by selling over 40,000 contracts representing over 4,000,000 ounces of synthetic gold, and then nudged the gold market off the ledge. They did it with much-revered aplomb, but nowhere more daunting than in the nearly $1.00 collapse in silver that had the blogosphere buzzing last week.Thursday, March 9, 2017 |
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| Captain Hook - Treasure Chest |
| Trump Comes Out Swinging |
| No 'rope-a-dope' for Donald Trump. He's come out of the corner swinging. So far he has signed six controversial bills in only the first few days, and you can be sure more are to come. The only problem with fighters like this is they burn out fast however, where all too often they effectively punch themselves out in the early going. In this regard, it could be argued that's what happened to him with his Atlantic City Casinos. One casino wasn't enough for The Donald. Then they all got in trouble bMonday, February 13, 2017 |
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| Michael Ballanger |
| Remembering the Genius of Hunter S. Thompson |
| Being a teenager in the 1960s, my early formative years were all about the Beatles, JFK's assassination, sex, drugs, rock and roll, and hockey, but when it came to entertaining myself, thanks to my mother, who was a voracious reader, I learned to love to read books. I remember the day that Mum handed me Ian Fleming"s "To Russia with Love" and since I was barely into my teens, I think it was the first time I was ever introduced to soft "porn" (which was predominant in all of the Bond books), which may have been Mum's way of quietly giving me a Sex Ed lesson. As I grew older and moved away at 16 to play junior hockey with and against men in their 20s, I would ride the buses between St. Catharines and Ottawa with two or three paperbacks tucked into the zipper compartment of my carry-on bag.Monday, February 13, 2017 |
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| Nelson Hultberg - AFR.org |
The Deep State, Trump, and JFK  |
| Donald Trump is a revolutionary, and government establishments loathe revolutionaries. This has been so since human societies began. Those who threaten any society’s prevailing power blocs with a diminishment of their prestige and influence are always targeted by those power blocs as an enemy to be undercut, smeared, and even exterminated if necessary. This is a law of politics that is as assured as the flow of tides and the paths of the planets.
What is the Deep State? It is the vast array of bWednesday, February 1, 2017 |
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 | Mark O'Byrne - gold.ie |
| Gold’s Gains 15 In Inauguration Years Since 1974 |
| – Gold’s average gains in inauguration years of 15% since 1974
– First year of new President frequently a time of increased uncertainties and risks
– Gold rose 30% in the 12 months after Obama inauguration
– Massive political uncertainty – President’s conflict with the CIA
– ‘Strong dollar policy’ to end as U.S. has $120 trillion plus debt
– Trump inherits Bush and Obama’s humongous debt
Gold performs well in inauguration years (see table) and has seen average gains of 15% in inaugural years sinFriday, January 20, 2017 |
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| Michael Ballanger |
| Fake News, Farcical Policies, and Phony Markets |
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I was listening to a news report on CNN yesterday covering this travesty surrounding the impending exit of Barack Obama and wife Michelle from the White House and as the commentator described the sequence of events leading up to the January 20th arrival of Mr. Donald J. Trump, you could detect a sense of melancholy in his voice, a faintThursday, January 5, 2017 |
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 | Jesse - Le Cafe Américain |
| Charts at the Market Close - |
| This year I think that I am going to be publishing all of the charts in one posting, rather than splitting them up between stocks and metals.
Today was a lazier trading day than the numbers might have indicated. It was easy to lift stocks today, in other words.
There was little of note in the Comex reports from the last day of 2016.
I was looking over some old charts over the weekend, and I think that the direction of the gold and silver markets in the first couple of months will be quite tWednesday, January 4, 2017 |
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| Captain Hook - Treasure Chest |
| Hamburger Hill |
| The Battle of Hamburger Hill, later made into a movie directed by John Irvin, refers to the epic, but completely unnecessary, Vietnam War engagement between the US (and South Vietnamese) and North, aligned with China (a proxy war), that saw huge casualties suffered on both sides of the equation. It was a bloodbath. The boys were ground into hamburger. All for Wall Street greed. All so unnecessary. (i.e. if JFK was allowed to live.)Of course some may view such things as completely necessary, becaThursday, December 29, 2016 |
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