Die Einbindung Chinas in den Welthandel hat die Demokratie im Land kaum gefördert. Das zeigt, dass Handel Gesellschaften nicht besänftigt. Türken und Uiguren protestieren in Istanbul gegen die Internierung von mehr als einer Million Uiguren in der chinesischen Provinz Xinjiang. Foto: Keystone Handel schafft offenere Gesellschaften, Demokratie und wirtschaftlichen Fortschritt: Solche Argumente gibt es bereits seit Jahrhunderten. Schon der Aufklärungsphilosoph...
Read More »Droit du Seigneur and the Neofeudal Privileges of Class in America
Want to understand the full scope of neofeudalism in America? Follow the money and the power and privilege it buys. The repugnant reality of class privilege in America is captured by the phrase date rape: the violence of forced, non-consensual sex is abhorrent rape when committed by commoner criminals, but implicitly excusable date rape when committed by a member of America’s privileged elite. Compare the effectiveness...
Read More »It Was ‘Dollars’ All Along
Ross Perot famously declared the “giant sucking sound” in the 1992 Presidential campaign. The debate over NAFTA did not end with George H. W. Bush’s defeat, as it simmered in one form or another for much of the 1990’s. Curiously, however, it seemed almost perfectly absent during the 2000’s, the very decade in which Perot’s prophecy came true. Americans didn’t notice because there was a bubble afoot. That bubble,...
Read More »Are You a Deplorable? Take This Quiz to Find Out
Regardless of your ethnicity, class or religion, if you perceive the institutions that govern American life as corrupted, riddled with favoritism and spin or as broken, you’re a Deplorable. Are you a Deplorable? The answer might surprise you. Take this short quiz to find out. 1. If you agree with this characterization of American Elites: “The self-satisfied cosmopolitan culture that sprang up among the affluent 20% or...
Read More »Hillary Is The Perfection of a Corrupt System
Exposing the Clintons’ perfection of a corrupt political system won’t change the conditions and incentives that created the Clintons’ harvester of corruption. Let’s set aside Hillary Clinton as an individual and consider her as the perfection of a corrupt political system. As I noted yesterday, Politics As Usual Is Dead, and Hillary Clinton is the ultimate product of the political system that is disintegrating before...
Read More »Get Ready for a New Crisis – in Corporate Debt
[unable to retrieve full-text content]OUZILLY, France – We’re going back to basics here at the Diary. We’re getting everyone on the same page… learning together… connecting the dots… trying to figure out what is going on. We made a breakthrough when we identified the source of so many of today’s bizarre and grotesque trends. It’s the money – the new post-1971 dollar. This new dollar is green. You can buy things with it.
Read More »Fiction, Fairy Tales, and Fiat
Originally Published at Money Metals Exchange Do young Americans today know anything about economics? No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either. The survey found 58% of millennials favor government-run socialism (statistically 6 out of 10), while a nearly identical number (64%) don’t want government interference in free markets. The...
Read More »Trump’s Tax Plan, Clinton Corruption and Mainstream Media Propaganda
Fake Money, Fake Capital OUZILLY, France – Little change in the markets on Monday. We are in the middle of vacation season. Who wants to think too much about the stock market? Not us! Yesterday, Republican presidential candidate Donald Trump promised to reform the U.S. tax system. His proposals are nothing new – simplification, fewer brackets, eliminate loopholes for rich people. But he also targeted the “carried...
Read More »Janet Yellen – Backtracking Again
Muhammad Ali Could Take a Punch BALTIMORE – You had to admit. Muhammad Ali could take a punch. Unlike Donald Trump, Dick Cheney, George W. Bush, and Bill Clinton, he was a real war hero. He stood up and faced his enemies on the draft board, rather than dodging them. And when the feds walloped him as a criminal draft resister, Ali didn’t throw in the towel in a whimpering surrender to superior force. Instead, he used...
Read More »