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As the World Turns
As the World Turns In the liberty movement, we often refer to the historical tactic of the Roman “bread and circuses” when describing the deliberate mass distraction of the public of today. In the era when Roman emperors supplanted the senate and dominated political and social life, it was deemed advantageous to create various forms […]
Facebook, Cambridge Analytica and Surveillance Capitalism
Facebook, Cambridge Analytica and Surveillance Capitalism Whether it creeps into politics, marketing, or simple profiling, the nature of surveillance as totality has been affirmed by certain events this decade. The Edward Snowden disclosures of 2013 demonstrated the complicity and collusion between Silicon Valley and the technological stewards of the national security state. It took the […]
China Is Days Away From Killing the Petrodollar
China Is Days Away From Killing the Petrodollar Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?” The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to. Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be […]
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps While it will hardly come as a surprise considering that trade wars always evolve in an escalating tit-for-tat manner, the WSJ reports that just hours ahead of Trump’s announcement of as much as $60 billion in tariffs targeting Beijing, China is preparing to hit […]
Time is Running Out: Who Will Protect Our Wrecked Democracy from the American Oligarchy?
Time is Running Out: Who Will Protect Our Wrecked Democracy from the American Oligarchy? Photo by Joe Schueller | CC BY 2.0 There’s been an interesting debate over the years about the relation between capitalism and democracy, for example, are they even compatible? I won’t be pursuing this because I’d like to discuss a different […]
The Perfect Storm for 2020: Weidmann at the ECB, Trump’s trade war, Macron’s failure, Italy’s turmoil
The Perfect Storm for 2020: Weidmann at the ECB, Trump’s trade war, Macron’s failure, Italy’s turmoil Clouds are gathering: Weidmann will end QE while Macron’s reform will not solve any problem whatsoever. It’ll be the final push for a Eurosceptic Italy, where plans for parallel currencies are popping up. Add Trump’s trade war to the […]
Trump and the Federal Reserve
Trump and the Federal Reserve Many of us would rather not think about the possibility of President Trump getting reelected, but there is little doubt that he is thinking about it. If Trump is serious about winning reelection, he may want to reconsider the sort of people he is appointing to the Federal Reserve. Virtually all political […]
US National Debt Hits $21 Trillion
US National Debt Hits $21 Trillion For 8 years, we took every opportunity to point out that under Barack Obama’s administration, US debt was rising at a alarmingly rapid rate, having nearly doubled, surging by $9.3 trillion during Obama’s 8 years. It now appears that the trajectory of US debt under the Trump administration will […]
An American: “Why I Don’t Trust My Government, At All”
An American: “Why I Don’t Trust My Government, At All” Would you trust your government if it were headed by a President who just now appointed to become the head of the CIA, the very same person who had headed the CIA’s interrogation of a 9/11 suspect whose interrogation consisted of 83 waterboardings (plus other […]
As Trump Moves Toward War, “The Resistance” Refuses to Resist
As Trump Moves Toward War, “The Resistance” Refuses to Resist Tuesday’s post, It’s Impossible to Overstate How Terrible Mike Pompeo Is, laid out the view that Trump’s firing of Rex Tillerson represents a major shift toward war footing for the Trump administration, with Iran the specific target. This pivot was easily predictable, and I wrote numerous […]
Albert Edwards: “Trump Will Soon Turn His Protectionist Fire On Germany. That Will Be Messy”
Albert Edwards: “Trump Will Soon Turn His Protectionist Fire On Germany. That Will Be Messy” We were wondering how long before one of our favorite “perma-skeptics”, Socgen’s Albert Edwards, would chime in on the global trade war that broke out in the past few weeks, especially since trade protectionism, tariffs and subsidies are the opposite […]
Under Trump, U.S. Still Leads World’s Arms Exporters–And Yemenis Are Still Paying the Price
Photo: Abdullah Al-Qadry/AFP/Getty Images UNDER TRUMP, U.S. STILL LEADS WORLD’S ARMS EXPORTERS — AND YEMENIS ARE STILL PAYING THE PRICE UNDER THE TRUMP administration, the U.S. government and weapons manufacturers are making a killing through arms sales to other countries. A report released by the Security Assistance Monitor documented that more than $80 billion worth […]
Trade Wars
TRADE WARS An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice. The back story appears […]
