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Concentrated Wealth + Widespread Stupidity = End Of Democracy
Concentrated Wealth + Widespread Stupidity = End Of Democracy Today’s America is not a democracy: “Dark Money Groups Are Funded By Dark Money Groups That Fund Dark Money Groups That Fund…” That terrific investigative news report by Paul Blumenthal at Huffington Post, on 9 November 2013,penetrated beyond what the U.S. oligarchy — or more traditionally called aristocracy — […]
Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?
Guess What Happened The Last Time The Chinese Stock Market Crashed Like This? The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion […]
Greece, Democracy and Magical Thinking
Greece, Democracy and Magical Thinking Regardless of what the Greek people choose, at least the choice will be theirs, along with the consequences. What is representative democracy but organized bribery on a mass scale?Politicians seeking control of the spigots of state wealth and power promise endless swag to voters. Those who promise the most swag and do […]
In Gold We Trust 2015
In Gold We Trust 2015 The Gold Standard of Gold Reports is Back As every year around this time, our good friends Ronald Stoeferle and Mark Valek, the managers of the Incrementum Fund, have published their annual “In Gold We Trust” report, the extended version of which can be downloaded below. This year’s report is […]
Property Rights, Inequality and Commons
Property Rights, Inequality and Commons I recently spoke at a conference, “Property and Inequality in the 21st Century,” hosted by The Common Core of European Private Law, an annual gathering of legal scholars, mostly from Europe. They had asked me how the commons might be a force for reducing inequality. Below are my remarks, “The […]
From Whence Cometh Our Wealth—–The People’s Labor Or The Fed’s Printing Press?
From Whence Cometh Our Wealth—–The People’s Labor Or The Fed’s Printing Press? It is hard to believe that in these allegedly enlightened times this question even needs to be asked. Are there really educated adults who believe that by dropping helicopter money conjured from thin air, the central bank can actually make society wealthier? Well, yes there […]
Government – Designed for Robbery
Government – Designed for Robbery Why I’m Looking Forward to the Next Big Crash First, the Dow dropped 190 points on Monday – or 1%. It was threatening to close below 18,000 for the first time in almost three weeks. We’ll wait to find out. Yesterday, a London-based magazine and a TV station interviewed us. […]
The Self-Employed Middle Class Hardly Exists Anymore
The Self-Employed Middle Class Hardly Exists Anymore Why owning your own income is more important than ever now Many people rightly aspire to improve their household’s state of resilience through actions such as storing emergency supplies, starting a vegetable garden, and learning basic readiness/maintenance skills, etc. In general, resilience boils down to self-reliance. But like […]
High Levels of Youth Unemployment – and Runaway Inequality – Cause Riots
High Levels of Youth Unemployment – and Runaway Inequality – Cause Riots Recipe For Disaster We’ve known for 1,900 years that runaway inequality destroys societies. The great American historian Will Grant wrote in 1969: In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the […]
Modern-Day Social Engineers and Inequality
Modern-Day Social Engineers and Inequality Is Inequality a Bad Thing? We couldn’t believe what we were seeing when coming across the following headline at Reuters recently: “Fed’s Yellen says research needed to understand inequality issue”. Seriously? Maybe we can help the good chairwoman out a bit. First of all, human beings are already born unequal. With that we not […]
Warren Buffett is Everything That’s Wrong With America
Warren Buffett is Everything That’s Wrong With America I think I’ve never understood the American – and international – fascination with money, with gathering wealth as the no. 1 priority in one’s life. What looks even stranger to me is the idolization of people who have a lot of money. Like these people are per […]
Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value”
Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value” Intended warning or unintended slip? After Alan Greenspan’s confessional admission that “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,” we found it remarkable that during the Q&A after her speech […]
Financial Feudalism
Financial Feudalism Once upon a time—and a fairly long time it was—most of the thickly settled parts of the world had something called feudalism. It was a way of organizing society hierarchically. Typically, at the very top there was a sovereign (king, prince, emperor, pharaoh, along with some high priests). Below the sovereign were several […]
Wow!!! The Fed Gives A Giant Fuck You to Working Class Americans!!
Wow!!! The Fed Gives A Giant Fuck You to Working Class Americans!! I was shocked today by the absolute gaul of the Fed releasing a statement about Net Worth in America reaching record levels. Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. But surely they understand […]
