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Tag Archives: On Politics

The Decline of the Third World

A Failure to Integrate Values The only region in the world that has proactively tried to incorporate western culture in its societies is East Asia — Singapore, Japan, Hong Kong, South Korea, and Taiwan. China, which was a grotesquely oppressed, poor, Third World country not too far in the past, notwithstanding its many struggles today, has furiously tried to copy the West. Famous Greek philosophers: their thoughts are a cornerstone of Western culture. [PT]Western...

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The Triumph of Madness

Historic Misjudgments in Hindsight Viewing the past through the lens of history is unfair to the participants. Missteps are too obvious. Failures are too abundant. Vanities are too absurd. The benefit of hindsight often renders the participants mere imbeciles on parade. The moment Custer realized things were not going exactly as planned. PT Was George Armstrong Custer really just an arrogant Lieutenant Colonel who led his men to massacre at Little Bighorn? Maybe....

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Real High Crimes and Misdemeanors

World Class Entertainer in the Cross-Hairs Christmas is no time to be given the old heave-ho.  This is a time of celebration, redemption, and excess libation.  A time to shop ‘til you drop; the economy depends on it. Don’t get us wrong.  There really is no best time to receive the dreaded pink slip.  But Christmas is the absolute worst.  Has this ever happened to you? Well, believe it or not, this is precisely what House Speaker Nancy Pelosi and her Democrat...

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Banana Republic Money Debasement In America

Addicted to Spending There are many falsehoods being perpetuated these days when it comes to money, financial markets, and the economy. But when you cut the chaff, three related facts remain: Uncle Sam needs your money. He needs a lot of your money. And he needs it bad! The inescapable logic of tax & spend: empty vault… empty pockets… gimme more! PT According to the Congressional Budget Office, the federal budget deficit for the first two months of fiscal year...

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Maurice Jackson Interviews Brien Lundin and Jayant Bhandari

Two Interesting Recent P&P Interviews Our friend Maurice Jackson of Proven and Probable has recently conducted two interviews which we believe will be of interest to our readers. The first interview  is with Brien Lundin, the president of Jefferson Financial, host of the famed New Orleans Investment Conference and publisher & editor of the Gold Newsletter – an investment newsletter that has been around for almost five decades, which actually makes it the...

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America’s Road Map to $40 Trillion National Debt by 2028

Planning on Your Behalf  Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They are dreaming and scheming new and innovative ways to spend your money long before you have earned it. While you are busy at the gristmill, grinding away for clients and customers, claims are being laid upon your life.  Your future earnings are being directed to boondoggles galore.  Yet these claims are in addition to everything...

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Fed Chair Powell’s Inescapable Contradiction

Under the Influence   “This feels very sustainable.” – Federal Reserve Chairman Jerome Powell, October 8, 2019 Conflict and contradiction.  These were two of the main themes reverberating around the world of centralized monetary planning this week. On Tuesday, for instance, a novel and contradictory central banker parlance – “reserve management purposes” – was birthed into existence by Fed Chair Jay Powell.  We will have more on this later on. But first, to best...

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Repo Quake – A Primer

  Chaos in Overnight Funding Markets Most of our readers are probably aware that there were recently quite large spikes in repo rates. The events were inter alia chronicled at Zerohedge here and here. The issue is fairly complex, as there are many different drivers at play, but we will try to provide a brief explanation. There have been two spikes in the overnight general collateral rate – one at the end of 2018, which was a first warning shot, and the one of last...

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Two Junior Miners Offering Arbitrage Opportunities – an Interview with Jayant Bhandari

Maurice Jackson of Proven and Probable Interviews Jayant Bhandari Maurice Jackson of Proven & Probable has just conducted another interview with Jayant Bhandari, who is known to long-time readers as a frequent guest author on this site. Jayant Bhandari Below is a video of the interview as well as a link for downloading the transcript of the interview in PDF form. But first here is a list of the topics discussed:...

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Is Inflation Beginning? Are You Ready?

Extrapolating The Recent Past Can Be Hazardous To Your Wealth “Those who cannot remember the past are condemned to repeat it,” remarked George Santayana over 100 years ago.  These words, as strung together in this sequence, certainly sound good.  But how to render them to actionable advice is less certain. Aren’t some facets of the past – like the floppy disk – not worth remembering?  And aren’t others – like a first...

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