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| Benjamin Constant |
On the Liberty of the Ancients Compared with that of the Moderns  |
| "He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a 19th-century admirer.His great public concern, all throughout his adult life, was the attainment of a free society, especially for his adopted country, France; and if a (by no means uncritical) French commentator exaggeraMonday, February 8, 2021 |
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| Benjamin Constant |
| On the Liberty of the Ancients Compared with that of the Moderns |
|
He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a 19th-century admirer.
His great public concern, all throughout his adult life, was the attainment of a free society, especially for his adopted country, France; and if a (by no means uncritical) French commentator exagSaturday, November 28, 2020 |
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 | James Howard Kunstler |
 School Daze  |
| Sunday night was Secretary of Education Betsy DeVos’s turn through the CBS 60-Minutes wringer of censure with a visibly frustrated inquisitor Lesley Stahl trying to hector her into self-incrimination. The sad truth about American schools is that they’re a mirror for the painful collapse of the society they supposedly serve — a process ongoing for decades before Ms. DeVos came on the scene.
The expectation that some uber-regent can or ought to fix public education is bound to disappoint a news meMonday, March 12, 2018 |
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 | Chris Martenson |
| Make Your Choice: Change By Pain Or Insight |
| Most experienced investors know the four most dangerous words are: This time is different.
It never is.
And yet one of my key predictions here at Peak Prosperity is that The next twenty years will be completely unlike the last twenty years.
So am I saying that things really will be different this time?
Yes, I am. But to understand why, you have to look closely at the unprecedented moment in history in which we live, as well as how the Three E’s – the Economy, Energy and Environment – all tie Saturday, March 3, 2018 |
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 | Michael Ballanger |
| Large Speculators and the House of Pain |
| This week's COT report once again confirms that the Large Speculators are arguably the stupidest group of gold traders in existence. To be certain, as criminality is to the Commercials, brainlessness is to the Large Specs. They are constantly long massive positions at major turning points in gold and silver and are consistently on the wrong side of the trade. Pundits love to refer to the Small Speculators as "dumb retail" or the typically green, blindly optimistic newcomer piling into gold futurSunday, February 18, 2018 |
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 | Alasdair Macleod - Finance and Eco. |
| When will the next credit crisis occur |
| The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from business. In other words, the cycle of growth and recessions is due to instability in the private sector and this is generally believed by state planners and central bankers.This is untrue, because cycles of business activity hSunday, February 11, 2018 |
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 | Egon von Greyerz - Matterhorn AM |
| THE DOLLAR – FROM BOHEMIA TO BUST |
| Virtually no investor studies history and the few who do always think it is different today. The most important lesson is that people never learn. If they did, they wouldn’t be invested in a stock market that on any criteria is now at a bubble extreme. And they wouldn’t be invested in a global debt market which has grown exponentially in recent decades and which will become worthless in the next few years as debtors default. Nor would anyone hold paper money which is down 97-99% in the last 100Friday, February 9, 2018 |
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 | Stewart Thomson - Graceland Update |
| Gold: The Ultimate Iron Lady |
| The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.
I’ve announced a long term target for GDX of $15,000. That really isn’t very high… given the strong inflation numbers that I am projecting for America in the years ahead.
Having said that, Powell has only been on the job for one day. Investors need to show patience. Wait to see what he actually does before taking “back up the truck” market actiWednesday, February 7, 2018 |
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 | Mac Slavo - ShtfPlan |
| Flat-Earther’s Rocket Launch Fails AGAIN |
| Unsurprisingly, the flat-earther who was going to launch himself into the sky to prove Earth is not a globe has failed yet again.
According to Live Science, “Mad” Mike Hughes, a flat-Earth conspiracy theorist who has managed to get significant attention for his now-repeated failed rocket launches, strapped himself into his second homemade rocket Saturday, February 3. But, as Noize TV documented in an excruciating 11-minute live stream of the event, Hughes’ rocket never left its pad. In all honesWednesday, February 7, 2018 |
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| Chris Martenson |
| It's Looking A Lot Like 2008 Now... |
| Economic and market conditions are eerily like they were in late 2007/early 2008.
Remember back then? Everything was going great.
Home prices were soaring. Jobs were plentiful.
The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke.
And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system wTuesday, February 6, 2018 |
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| James Howard Kunstler |
 Stormy Weather  |
| For those of us who are not admirers of President Trump, it’s even more painful to see the Democratic opposition descend into the stupendous dishonesty of the Russian Collusion story. When the intelligentsia of the nation looses its ability to think — when it becomes a dis-intelligentsia — then there are no stewards of reality left. Trump is crazy enough, but the “resistance” is dragging the country into dangerous madness.
It’s hard not to be impressed by the evidence in the public record that tMonday, January 29, 2018 |
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 | Hugo Salinas Price - Plata.com |
 Some Reflexions on History and Economics |
| Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes into their hands. He stated that holders of gold and silver coins prefer to tender their most deteriorated coins in payments, and retain the most bright, shiny and perfect of their coins. Thus, he was the true originator of what has come to be known aMonday, January 22, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| An Important Time of Year |
| Market turns and bubble peaks often occur in December and January.
Purpose of this article:
Recognize that most U.S. stock indices and individual stocks have risen into their bubble zones. Bubbles pop! Do your own due diligence, but think about moving capital out of dangerous markets and into something currently undervalued, unloved and unappreciated.
Silver and gold are in the early stages of what could become a roaring bull market. They have a superior risk to reward profile.
Bubbles feelWednesday, January 17, 2018 |
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 | Mark O'Byrne - gold.ie |
| Palladium Prices Surge To New Record High Over $1,100 On Supply Crunch Concerns |
| – Palladium prices surge to new record high over $1,100/oz today
– Palladium surges past record nominal price seen in 2001 after 55% surge in 2017– Best-performing precious metal and commodity of 2017 is palladium
– Palladium prices top platinum prices for first time in 16 years– Strong Chinese car demand and switch from diesel to petrol cars sees demand surge– Supply crunch as six year supply deficit & 2017 deficit expected to hit 83,000 ounces
– Palladium supply crunch to intensify if world’s Thursday, January 4, 2018 |
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| Mark O'Byrne - gold.ie |
| UK Stagflation Risk As Inflation Hits 3.1 and House Prices Fall |
| – UK inflation hits 3.1%, highest in nearly six years– UK earnings flat – households are still suffering falling real wages– Stagflation risk as food and drink prices jumped 4.1% in 12 months– UK house prices fall two-months in a row, down 0.5% in October– Real stagflation risk now, inflation high and growth slowing– Savings continue to be eaten by inflation
It was just two years ago that Mark Carney was writing his fourth letter to the British Chancellor, explaining why the country was in a dTuesday, January 2, 2018 |
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 | Mish - Global Economic Analysis |
| Debt to GDP: Only 4 Major Countries Worse Off Than the US |
| Of major nations, only Japan, Greece, Italy, and Portugal have debt-to-GDP ratios higher than the US. With the new tax overhaul, U.S. government debt will rise by one to two trillion dollars over the next decade. I view that assessment as majorly optimistic as it assumes no recession and unlikely growth.
Citing IMF statistics, the Wall Street Journal reports Just Four Large Countries Have a Higher Debt Burden Than the U.S.
Japan’s government carries debts at 240.3% of gross domestic product, fMonday, January 1, 2018 |
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 | Richard Mills - Ahead of the Herd |
| Imaginations of the Misguided |
| aheadoftheherd.com
The end of the world as we know it
It’s Christmas 2017 and North Korean Dear Leader Kim Jong-un is facing a crisis. Recently the United States, with UN approval, imposed the harshest round of economic sanctions yet on his reclusive regime.
While North Korea has been sanctioned since 2006 due to continuing attempts to develop nuclear weapons, this new provocation by its sworn nemesis is the last straw for Kim, who feels the great legacies of his father and grandfather, Kim Friday, December 29, 2017 |
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| James Howard Kunstler |
| The Year in Trump |
| For your reading pleasure Mondays and Fridays
There he is, our president, both immovable object and irresistible force, unsmiling with slitty eyes beneath that car-hood of a hair-doo, lumbering from one presidential prerogative to the next through squalls of opprobrium, perplexing leaders from foreign lands, punking congressmen and senators, inducing swoons of un-safeness among the zhes, theys, and thems on campus, provoking the op-ed bards of The Times to mouth-foaming hysterics, tweeting anyFriday, December 29, 2017 |
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 | Jesse - Le Cafe Américain |
| The Dark Power Behind the Financial Asset Bubbles - |
| "While everyone enjoys an economic party the long-term costs of a bubble to the economy and society are potentially great. They include a reduction in the long-term saving rate, a seemingly random distribution of wealth, and the diversion of financial human capital into the acquisition of wealth.
As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming. I think it is far better that we do so while thWednesday, December 27, 2017 |
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 | Adam Hamilton - Zealllc |
| Gold Stocks Coiled Spring 2 |
| The
gold miners’ stocks largely ground sideways in 2017, lagging gold’s
solid rally. Being trapped in this vexing consolidation has
decimated sentiment, leaving a bearish wasteland bereft of hope.
But contrary to perceptions, this deeply-out-of-favor sector is
actually a coiled spring today. Gold stocks are ready to surge
dramatically higher as psychology inevitably shifts, pointing to
much higher prices coming in 2018.
The
main appeal of gold-mining stocks Friday, December 22, 2017 |
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