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“War, Confiscation Or Redistribution” – An Anecdote On Systemic Reset
“War, Confiscation Or Redistribution” – An Anecdote On Systemic Reset Excerpted from One River Asset Management’s Eric Peters’ comments… Anecdote: “People work in order to convert their time into a unit of account,” he said. “We call that money, and it’s an invention that allows us to store time.” Most people have stored little or none. […]
First Panama Papers Casualty? Former Iceland Premier Calls On Current PM To Resign To “Prevent An Uprising”
First Panama Papers Casualty? Former Iceland Premier Calls On Current PM To Resign To “Prevent An Uprising” One of the more prominent names featured in the Panama Papers disclosure is that of Iceland’s Prime Minister Sigmundur David Gunnlaugsson. The reason is that according to the leaked files, Prime Minister Sigmundur David Gunnlaugsson and his wife […]
Bombshell: King Of Jordan Blames Turkey For Terror In Europe, Says Israel “Looks Other Way” On Al-Qaeda
Bombshell: King Of Jordan Blames Turkey For Terror In Europe, Says Israel “Looks Other Way” On Al-Qaeda When Vladimir Putin told the world that ISIS gets a significant portion of its funding by selling oil to Turkey, he had just finished meeting with Jordan’s King Abdullah. The King is no stranger to confronting the jihadists. […]
Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People
Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People The Swiss, the Finns, and the Ontarians may get their ‘Universal Basic Income’ but the Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the Japanese government plans to unleash “vouchers” or “gift […]
Clinton Emails Reveal Google’s Role in Attempting to Oust Syria’s Assad
Clinton Emails Reveal Google’s Role in Attempting to Oust Syria’s Assad Eric Schmidt, the former chief executive officer of Google, will head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the U.S. military, Defense Secretary Ash Carter said on Wednesday. Carter unveiled the new Defense Innovation Advisory Board […]
China Goes Full “Minority Report”, Creates “Pre-Crime” Program
China Goes Full “Minority Report”, Creates “Pre-Crime” Program By now, the world is largely familiar with Chinese President Xi Jinping’s fabled “Tigers and Flies” campaign. Since taking office in 2013, Xi has embarked on an ambitious effort to root out party corruption and ensure that the directives passed down from on high in the Politburo […]
Fear The Smell Of (Monetary) Napalm In The Morning
Fear The Smell Of (Monetary) Napalm In The Morning Via ConvergEx’s Nick Colas, Warm up the choppers and put some Wagner on the loudspeakers – “Helicopter money” is a hot economic topic. That’s where central banks print money and either hand it to the government for things like infrastructure investment or just send it out […]
The Sleepwalkers Awaken
The Sleepwalkers Awaken A host on bubblevision this afternoon noted that the S&P 500 is now down $2 trillion for the year and wondered if his panel could explain “what’s happened since January 1st?” The implication, of course, was that since no new recessions have started—- nor have any new wars been declared, polar glaciers melted or Wall Street banks […]
Amazon And The Fantastic FANGs——A Bubblicious Breakfast Of Unicorns And Slippery Accounting
Amazon And The Fantastic FANGs——A Bubblicious Breakfast Of Unicorns And Slippery Accounting At year end we posted a rant about the “Brobdingnagian” bubble embedded in Amazon’s market cap. On December 29th it was valued at $325 billion and had gained $180 billion or 55% of that towering figure in just the previous 12 months. Self-evidently this was a flashing red warning signal that the end of the […]
Google is Collecting Information on Public School Students – Here’s How
Google is Collecting Information on Public School Students – Here’s How As a new parent, the idea of sending my children to public school is a frightening thought. The more you read, the more you realize the importance of extreme vigilance when it comes to what’s happening at whatever place you send your kids to for majority […]
EU Commissioner’s Dire Warning: “The Only Alternative To Europe Is War”
EU Commissioner’s Dire Warning: “The Only Alternative To Europe Is War” While the saying goes “good fences make good neighbors,” it appears the leadership of The EU is starting to get frustrated with the lack of acquiescence among some of the ‘union’s’ newer or more marginal members. In a somewhat stunning statement, following ongoing and […]
Germany to investigate Google, Facebook data transfers to US
Germany to investigate Google, Facebook data transfers to US © Sigtryggur Ari / Reuters Data protection authorities in Germany have announced that they will review the legality of internet giants’ data transfers from the EU to the US, after the European Court of Justice ruled that Europeans’ data isn’t safe from intelligence services on US-based […]
Snowden leaks reveal harmfulness of US monopoly on internet – Russian minister
Snowden leaks reveal harmfulness of US monopoly on internet – Russian minister Minister of Communications and Mass Media of the Russian Federation Nikolai Nikiforov © Vitaliy Belousov / RIA Novosti The NSA’s mass surveillance would not be possible if the internet wasn’t controlled by just a few major US companies, Nikolay Nikiforov, Russia’s communications minister, […]
Why Big Tech May Be Getting Too Big
Why Big Tech May Be Getting Too Big Conservatives and liberals interminably debate the merits of “the free market” versus “the government.” Which one you trust more delineates the main ideological divide in America. In reality, they aren’t two separate things and there can’t be a market without government. Legislators, agency heads and judges decide […]
