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Singapores Success Provides Yet Another Opportunity for Media Misdirection

Mon, 03/30/2015 - 03:06
Predictably, the death of Lee Kuan Yew has generated many positive comments in the mainstream media about his "leadership" of Singapore. The main thrust of the comments has to do with his ability to run an authoritarian regime that produced a kind of capitalist prosperity. This is an all-too-familiar meme, one often voiced by Western leaders. The idea is that the West has extensive freedoms that are unnecessary from the standpoint of building wealth. President George W. Bush expressed this ...

Kofi Anan Drug Users Need Help Not Punishment

Mon, 03/30/2015 - 03:04
Leaders in high places around the world are making it clear that the drug war is in a sense "over" – and all that is left to do is wind it down. Of course, if you ask the millions who have suffered from the drug war and their families, the "war" is an all-too-literal presence. For them, there is no winding down, or not yet. But Kofi Anan seems convinced that the war is won – or if not won, he is indicating that it needs to be discarded so a new approach can be tried. More: "Governments that ...

Repeal Dont Reform the IMF

Mon, 03/30/2015 - 03:02
A responsible financial institution would not extend a new loan of between 17 and 40 billion dollars to a borrower already struggling to pay back an existing multi-billion dollar loan. Yet that is just what the International Monetary Fund (IMF) did last month when it extended a new loan to the government of Ukraine. This new loan may not make much economic sense, but propping up the existing Ukrainian government serves the foreign policy agenda of the US government. Since the IMF receives most ...

Tom Conrad Im Looking for a 15 Percent Correction

Sun, 03/29/2015 - 03:06
The long-term trends are not hopeful in the context of traditional modern investing. As we've discussed, there's too much monetary and political influence in the world, too many technocrats trying to tell you what to do. And too much mob rule as well, where you have voters who are simply trying to vote in those who will open the public purse. This is a real problem: too many voters who have no property, pay no taxes and generally are only benefiting themselves. ...

Bloomberg More Flaws in Pikettys Book Why Henry Georges Tax May Be Best

Sat, 03/28/2015 - 03:06
This article from Bloomberg further deconstructs the conclusions of "Capital in the Twenty-First Century." It is incredible that this book was named the Financial Times Business Book of the Year. The book has already been singled out for mathematical mistakes that led to a fundamentally inaccurate conclusion. But this brief editorial sums up additional mistakes. He badly wants to show that capitalism tends to concentrate capital into the hands of a wealthy few. And in fact, he is correct but not ...

Real Tragedy of Science Public Faith Declines as Fakery Grows

Sat, 03/28/2015 - 03:04
The breadth of this scandal (see excerpt above) is extraordinary and comes not long after a top executive at Monsanto issued a plaintive tweet lamenting the West's eroding faith in "science." You can see our Monsanto analysis here: "Monsanto Laments Dwindling Faith in Science." We wrote: As we have noted in the past, the current status quo emphasizes "experts" and "expertise." In part this is because the foundational meme of modern society is based on central banking – and central bankers are ...

New York Post Expose Stock Market Rigging Hits the Mainstream

Fri, 03/27/2015 - 03:06
The stock market has moved down hard these past few days and perhaps there is more to come. The moves allowed the New York Post's John Crudele to readdress a favorite topic of his, which is market-rigging in the US and abroad. His most recent article seems to have made a stir, puncturing a favorite elite market meme: The market is going up because the economy is recovering. Crudele attributes markets' ebullience to direct interference of central banks and other interested and powerful parties. ...

Furor Over Clarksons Firing Suggests a Deeper Dissatisfaction

Fri, 03/27/2015 - 03:04
The furor over "Top Gear" clearly expresses the sickness at the heart of British society. As in many authoritarian countries, people's resentments and grievances are often not recognized or properly expressed until triggered by an event too important to be ignored. The Clarkson firing has provided Britain with an outlet that may be seen as a good deal bigger than the actual occurrence itself. The British press has decided the furor over his sacking has to do with his controversial personality ...

Manufacturing Dissent

Thu, 03/26/2015 - 18:19
Professor Michel Chossudovsky is the author of many important books. His latest is The Globalization of War: America's Long War Against Humanity. Chossudovsky shows that Washington has globalized war while the US president is presented as a global peace-maker, complete with the Nobel Peace Prize. Washington has military deployed in 150 countries, has the world divided up into six US military commands and has a global strike plan that includes space operations. Nuclear weapons are part of the ...

A Lack of Freedom Is Destroying the Middle Class Not Chinese Competition

Thu, 03/26/2015 - 03:06
Once more this weary meme is dredged up. We suspect it will be regularly trotted out within the context of "robots stealing our jobs." Imagine you were on a farm and robots were taking over all the menial tasks. The average economically illiterate person would suggest that sooner or later you would be out of work and starving on the street. In reality, you might find the leisure time to experiment with plants and invent a kind of hybrid that grew better and faster. You would only find time to ...

Indonesia Welcomes Smart Cities Though It Shouldnt

Thu, 03/26/2015 - 03:04
We've tracked this emergent meme a number of times. You can see one of our articles here: Smart City or Dumb Idea? An excerpt: Gradually you realize that by keeping the definition amorphous the concept [of the Smart City] becomes a weapon that can be used against the middle classes that wish to adopt it and support it. By branding most middle class lifestyles unsustainable, the top power elites can weaken society until it is more malleable and controllable. This makes global governance easier ...

The Hunting Ground Reaping Profit from Rape Hysteria

Thu, 03/26/2015 - 03:02
When the 'documentary' "The Hunting Ground" premiered at the 2015 Sundance Film Festival, it was advertised as a "piercing, monumental exposé of rape culture on campuses." In fact, its objectivity and perspective have been systematically dismantled since then. The film is best understood as a volley in the campus consent wars now raging across North America. It is part of a manufactured and coordinated hysteria about campus rape that imposes a politically-correct agenda and strips accused male ...

Europes Real Anti-EU Revolution May Be an Individual One

Wed, 03/25/2015 - 03:06
Is Grexit really so grave? The adversarial stance taken by the two parties is likely partially for public consumption. Following the political adage of never letting a good crisis "go to waste," the entire affair has been in a sense orchestrated. At least the latest part, with the various players being reported as a good deal more adversarial than they really are. And what will be the outcome? Probably, according to the article, Greece will stay in the EU. However, this article concludes that ...

A Tale of Two Memes and How Our VESTS Analysis Anticipates Them

Wed, 03/25/2015 - 03:04
What we call "memes," the mainstream media might term "trends."There are two examples in this analysis: self-driving cars and water shortages. We've identified both as having elements involving government and corporate control. In other words, these are not merely trends but the expression of the will of dominant international elites. The meme of the self-driving car is an easy one to observe. There is no great uprising of consumer desire for a car that drives itself – especially an electrical ...

The Only Truly Compliant Submissive Citizen in a Police State Is a Dead One

Wed, 03/25/2015 - 03:02
Americans as young as 4 years old are being leg shackled, handcuffed, tasered and held at gun point for not being quiet, not being orderly and just being childlike—i.e., not being compliant enough. Americans as old as 95 are being beaten, shot and killed for questioning an order, hesitating in the face of a directive, and mistaking a policeman crashing through their door for a criminal breaking into their home—i.e., not being submissive enough. And Americans of every age and skin color are being ...

ABCs of the Coming Credit Crunch

Tue, 03/24/2015 - 03:06
This is a good analysis of what could go wrong with world markets (especially Western and US ones) and why ... It touches on a number of memes: Sort through them to better understand what's taking place, or what could take place – and could not. More: "Maybe it's too quiet. Last week, Ray Dalio, the founder of the $165bn (£110bn) hedge fund Bridgewater Associates, wrote a widely-circulated note warning his clients that the US Federal Reserve risked setting off a 1937-style crash when it starts ...

Yemens Chaos Continued

Tue, 03/24/2015 - 03:04
We've written articles in the past pointing out that Yemen is perhaps the most important country in the Middle East. It's not widely regarded as so in the West because of the lack of reporting on the country within a comprehensible socio-political context. But Yemen, like Afghanistan, has never been fully occupied. Its residents tend to retreat to its mountainous interior when challenged just as the Pashtuns retreat to mountainous caves in the Afghan interior. It is a very hard country to fully ...

A World Without the Welfare State

Tue, 03/24/2015 - 03:02
We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvantaged and needy that fell upon hard times? There were free-market solutions and non-government answers to these questions long before the modern Big Government Welfare State. In fact, before the arrival of the modern welfare state, voluntary, private-sector institutions had evolved to serve as the ...

World Bank Economist Shares His View on Economic Success

Mon, 03/23/2015 - 03:06
Now that we understand the reality of economic growth, we have a real problem with books – and analysis – like this. One model for prosperity (which we are partial to) holds that the less force used in creating an economy, the better. People ought to have the chance to exercise human action. A healthy economy is a relatively un-coerced one. People build prosperity one individual decision at a time. Success for all, or almost all, may be the result. The Internet was built in this manner. There ...

Capturing the Illogic of the War on Terror

Mon, 03/23/2015 - 03:04
This is one of those articles that deserves a wide audience because it captures the essential illogical nature of the "war on terror" in a single incident and provides us clarity about its destructive aftermath. Certainly, it may be argued that the article is in some sense inaccurate (even unfair) but it conforms to other results of this sort of behavior. Iraq, Libya and now Syria are all examples of how the war on terror generates ramifications that are a good deal more ruinous than forecast. ...

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