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El-Erian Damning Gold With a Half-Hearted Nod

Mon, 09/29/2014 - 03:06
Mohamed A. El-Erian was basically number two at the bond giant PIMCO until he decided he wasn't going to wait for Bill Gross to retire. Too bad for him ... as Gross quit the other day. El-Erian, meanwhile, is writing over at Bloomberg, among other gigs, and this excerpt is from one of his latest columns. It is typical of El-Erian in the sense that it purveys mainstream wisdom while weakly acknowledging that there is something else. This is El-Erian's strength, actually. Many financial journos ...

Manipulated Occupy Movement Goes International as Hong Kong Explodes

Mon, 09/29/2014 - 03:04
Something happened on the way to the "Occupy" movement's apparent demise. It's gone international. Now according to Reuters, it's responsible for the Hong Kong unrest taking place to protest the Chinese government's stance on more forceful Hong Kong rule. When we checked with Wikipedia – unfortunately, a good source for globalist spin – we found to our astonishment that the Occupy movement was reported to be actively engaged in dozens of countries around the world. The impression being left is ...

Scottish Referendum Gives Reasons to be Hopeful

Mon, 09/29/2014 - 03:02
Even though it ultimately failed at the ballot box, the recent campaign for Scottish independence should cheer supporters of the numerous secession movements springing up around the globe. In the weeks leading up to the referendum, it appeared that the people of Scotland were poised to vote to secede from the United Kingdom. Defeating the referendum required British political elites to co-opt secession forces by promising greater self-rule for Scotland, as well as launching a massive campaign to ...

Wendy McElroy Aftermath of the GGC Firestorm

Sun, 09/28/2014 - 03:06
The Daily Bell was the first media outlet to break the story, and it took courage to do so. The GGC debacle needed to be exposed. Potential investors and purchasers needed to be warned so that they did not walk into the same angst as my husband and me. When we discovered that GGC land and investments were still being marketed, despite assurances to the contrary, Brad and I knew we had to go public even if it reduced or removed the value of our own investment. The Daily Bell did not hesitate in ...

Sad Tale of the New York Fed and Goldman Sachs Has a Simple Solution

Sat, 09/27/2014 - 03:06
Well, the spinmeisters are out in force. It's predictable. A young woman has taped conversations between Goldman Sachs and the New York Fed apparently showing clear collusion –and the articles are already spewing forth on how the system is terribly corrupt and needs a regulatory overhaul. But the system doesn't need a regulatory overhaul. The system needs FEWER regulations and a significant discussion about the founding laws of Western nation-states. Even in this day and age very few, ...

Medef Cuts the Knot but Socialism Still Strangles French Economy

Fri, 09/26/2014 - 03:06
Suddenly, in one brief, political exchange of opinions, the pretense has been stripped away, revealing the underlying distortions of the French economy. France is suffering from the problems that Southern European countries know only too well: high unemployment, a rigid regulatory and tax structure and high public deficits that cannot be paid down because of the general economic malaise. Within this context of a suffering France, the head of Medef has made a bold stroke, slicing through the ...

The Muddle of 21st Century Warfare

Fri, 09/26/2014 - 03:04
In our efforts to cover elite memes and their successes and failures, we occasionally notice significant signposts – reports that indicate the strengthening or weakening of a given thematic element. Chief among the instruments in the global toolkit are war and various kinds of economic disintegration. War gives government officials access to tremendous powers they would not otherwise be able to justify. Economic ruin also empowers officials while impoverishing citizens and making it more ...

Is Japan on the Road to Default

Thu, 09/25/2014 - 03:06
This is an interesting article by a Bloomberg editorialist – Noah Smith – whose editorials sometimes border on the ridiculous. He's a firm Keynesian – a believer that money-from-nothing can cure most economic ills – and we've written about some of his editorials in the past. But this analysis of Japan is a good one from a Keynesian standpoint because Smith sticks to the facts. When it comes to Keynesian analysis he seems to know what he's talking about. Here's more: [Japan's debt] is a moderate ...

The Legalization of Cannabis and Its Powerful Elements of Support

Thu, 09/25/2014 - 03:04
Ever since tiny Uruguay's announcement regarding the legalization of cannabis, we've been more convinced than ever this movement is going worldwide. There are many reasons for this but two we'll focus on in this article: (1) the money that governments can make from taxing cannabis and (2) the growing determination of individuals to ensure that decriminalization and legalization continues to take place. When it comes to the first, we can see from the Nerdwallet article that the amount of money ...

Libertarian Candidates Jump Out of the Crazy Closet

Thu, 09/25/2014 - 03:02
It is voting season and a fever of straw hats is falling. Hundreds of 'libertarians' have jumped out of the crazy closet in their candidate costumes that are emblazoned with "this time for sure!" Hundreds of thousands more will tick a box, as the media and politicians implore, and call the act a blow for liberty. The national Libertarian Party site lists hundreds of candidates who are currently running for offices ranging from tax assessor to the school board, from mosquito control to revenue ...

Upsetting the Apple Cart of Conventional Wisdom

Thu, 09/25/2014 - 03:01
One fairly common concern about the legalization of marijuana use for adults is that it will lead to an increase in rates of abuse of hard drugs, like cocaine, heroin or methamphetamine. This generally stems from the belief that marijuana is a "gateway drug," meaning that use of it leads almost inevitably to the use of harder, destructive drugs and thus, the social toll will be heavy. I'd like to very briefly address that concern in this editorial. Let's look at where the fear of marijuana ...

As Rockefeller Brothers Fund Divests Oil and Gas Climate Change Meme Heats Up

Wed, 09/24/2014 - 03:06
There are two parts to this analysis. In the first part, we'll take a look at what's going on in Germany. In the second part, we'll discuss the announcements by Rockefeller Brothers Fund officials that they were divesting the fund of fossil fuels. Our discussion will yield up an investment conclusion that utilizes the High Alert VESTS model. First, let's look at a little more of the article excerpted above. It's from March of this year, but it provides us with some interesting insights when ...

Fedgov Tipster Awards Efficiency or Overreach

Wed, 09/24/2014 - 03:04
This is not actually just an SEC issue. Regulatory agencies increasingly pay out cash rewards to those who provide the government names of potential wrongdoers. Homeland Security encourages citizens to inform on their neighbors if they see anything that might look "suspicious." And while Homeland Security is not paying rewards for such info, the IRS does and the FBI, of course, has long touted awards that lead to the arrest of "most wanted." And now the SEC is becoming more aggressive: "The ...

Democracy is Not the Same as Freedom

Wed, 09/24/2014 - 03:02
A fundamental fallacy of our time is that democracy is the open-sesame to peace, freedom and prosperity. The political events surrounding what was called the ill-fated "Arab Spring" a couple of years ago was a based on the idea that "democracy" would solve all the problems of any society. But democracy in itself does not define or guarantee a free society. History has told many stories of democratic societies that have degenerated into corruption, plunder and tyranny. A little over 80 years ...

Crazy Tax Times for World Finance

Tue, 09/23/2014 - 03:06
Yes, it's crazy time. For some reason the mainstream media is in full cry about taxes again. It's good to raise taxes, you see, higher and higher until "deficits" come down and the world's fiscal house is "in order." That's what this Bloomberg article is mostly focused on – on Japan, where Abe will apparently disappoint the world's financial and trading community if he doesn't hike taxes and cut spending. Austerity, in other words. Here's more: "If Prime Minister Abe decides to postpone, let all ...

Social Media Leads the Business Trend for Cannabis

Tue, 09/23/2014 - 03:04
Users of cannabis are just like you and me. In fact, over time we've predicted that cannabis will assume the industrial profile of wine or cigars. There will be cannabis to suit most every taste and mood, from very expensive brands to inexpensive ones. In the meantime, even though cannabis is yet in the first phase of decriminalization, the industry is beginning to rationalize itself in ordinary ways. That is, the product is increasingly finding a home within the context of normal business ...

Rigged Gold Price Distorts Perception of Economic Reality

Tue, 09/23/2014 - 03:02
The Federal Reserve and its bullion bank agents (JP Morgan, Scotia and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The latest containment effort began in mid-July of this year, after gold had moved higher in price from the beginning of June and was threatening to take out key technical levels, which would have triggered a flood of buying from hedge funds. The Fed and its agents rig the gold price in the New York Comex futures (paper gold) ...

G20 Officials Affirm Worldwide Equity Celebration

Mon, 09/22/2014 - 03:06
Every time we believe the heights of economic ridiculousness have been reached, we find there is yet a further peak proffered. In this case, as you can see from the excerpt above, we are being solemnly assured that the world's "most powerful finance ministers" have decided in their wisdom that they will soon add US$2 trillion to the "world economy." How are they going to produce this feat? Well ... the article doesn't exactly say. But when the world's most powerful ministers decide on something ...

Is Your Investment Portfolio Exposed to Crumbling Elite Narratives

Mon, 09/22/2014 - 03:04
The New York Times is scrambling to keep up with 21st century realities. It's very doubtful that the Times would have run similar stories to this one, excerpted above, in the 20th century. But that was then and this is now. The Times's readership is doubtless demanding more truth and less spin. Not that the Times's reaction, such as it is, is helping much. In fact, the paper of record is about to undergo yet another round of layoffs, according to recent reports. The Times has ripped through ...

Congress Votes for More War in the Middle East

Mon, 09/22/2014 - 03:02
Last week, the House and Senate voted to rubber stamp President Obama's war plans for the Middle East. Both bodies, on a bipartisan basis, authorized the US to begin openly training and arming the rebels who have been fighting for three years to overthrow the Assad government in Syria. Although the Syrian government has also been fighting ISIS and related extremist groups for three years, the US refuses to speak to the Syrians and has warned Assad not to interfere with the coming US attack on ...


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