Category: Aggregated

Five strong earthquakes have jolted Asia in the last several days. There have been 16 major earthquakes measuring 6.0 or higher in April alone and nine in the last seven days. The two biggest in this unprecedented wave of serious shakers just happened over the weekend in Ecuador with a mammoth 7.8 earthquake killing at least 77 people and a 7.0 in Kumamoto on Kyushu Island in southern Japan where three large earthquakes in three days have struck killing at least 41 people. Within the last two weeks, the tiny South Pacific island of Vanuatu alone has been hit with five major quakes. Four days … Continue reading →

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People are arguing and fighting. It’s all over the internet and Social Media… Why? It pains me to see you guys going through this again. Have we learned nothing over these last 30 years? Especially over these last 15 or so?  Let me paraphrase my buddy, “Louie” to tell you how it is:  “The US presidency is just like a donut shop; every few years we get a new shop manager of the donut shop, but we NEVER see who owns the donut shop or the parking lot (That’s the big banks, Oil companies and the Military Industrial Complex).  These … Continue reading →

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Here we are, on the third Boston Marathon since the one we will never forget. Two powerful bombs ripped through the assembled crowd, killing Krystle Campbell, Lu Lingzi, and Martin Richard, and wounding many others. Later, a policeman was shot to death. The images are seared into our memories. So, too, is the extraordinary government response: an American city totally locked down while armored vehicles, helicopters, and police in full combat gear patrolled the streets of greater Boston. Four days after the bombing, the Tsarnaevs were cornered and there was a gun battle. In the end, one young man was … Continue reading →

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Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all the land; for the famine was very sore, so that the land of Egypt and all the land of Canaan fainted by reason of the famine. And Joseph gathered up all the money that was found in the land of Egypt, and in the land … Continue reading →

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To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is preparing itself for the inevitable decay of the current international monetary system, it has firmly embraced gold in its economy. With a staggering pace, the government has developed the Chinese domestic gold market, stimulated private gold accumulation and increased its official gold reserves in order to ensure financial stability and support the internationalisation of the renminbi. “The outbreak of the crisis and its spillover to the entire world reflect the inherent vulnerabilities and … Continue reading →

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Having become a fan of Michael Lewis’ The Big Short (after watching the movie on DVD), I am fascinated at how some savvy Wall Streeters found a way to short mortgage bonds which were on their way to becoming toxic securities. Granted, anyone with a brain should have known that the go-go mortgage market of a decade ago was unsustainable, but I’m not sure that many people with brains, economically speaking, still reside in the United States. (For the record, I told members of the Allegany County, Maryland, board that assess houses for property tax purposes in May 2006 that … Continue reading →

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War may be thought of in two ways. First, as a football game between armies, in which the function of the citizenry is to cheer for the home team. In football, success is measured in points scored, yardage gained, the brilliance of play, and time of possession. In war as football, it battles won, enemies killed, territory conquered. The crucial goal is to defeat the other side’s armed forces. Doing so constitutes victory. To one who sees the war in this way, as militaries invariably do, America will always come out ahead on points since we fight only countries hopelessly inferior … Continue reading →

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On the corners of Lagos’ Sin Street, the purveyors of the oldest profession in the world have embraced the digital age. Amid the escalating ‘war on cash’, Nigerian hookers have turned to ‘cashless sex’ with point-of-sale machines. The cashless option has become popular among prostitutes and operators of brothels and strippers. As Daily Post reports, “transactional” sex has gone digital… In the city of Lagos, the digital revolution takes firm grip on the daily life of the citizens as shoppers are abandoning cash for digital payment using their Value Cards to purchase needful things and luxurious items––including sex! Patrons of … Continue reading →

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Do you find yourself rubbing your eyes often throughout the day, closing them for brief moments because they feel tired, or just having a difficult time focusing on what’s in front of you? If so, you’re not alone. In fact, there is a growing number of individuals who experience these very symptoms, which are all related to one thing – eye fatigue. As technology continues to take over our lives, we are constantly staring at some sort of screen. This can lead to dry eyes and can leave your eyes feeling quite tired. In some cases, after prolonged use, you may … Continue reading →

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Today (April 14) Syria held parliamentary elections at 7,000 polling stations, keeping the voting open an extra five hours to accommodate the massive turnout. All were allowed to vote, even displaced Syrians from the two provinces still terrorized by Washington and Israeli-backed ISIS. Washington is angry because Syria held elections before Washington had time to purchase its slate of politicians and organize Washington-funded NGOs to take to the streets to protest and to claim that Assad had stolen the election. Despite the massive voter turnout and extended hours for voting, the US State Department set the tone by declaring that … Continue reading →

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Thousands of Kuwait oil workers go on strike against pay cuts

China conducts massive drills in South China Sea

No oil production freeze agreement after talks break down in Qatar

Most Germans oppose Merkel on prosecution of Erdogan satirist

Dilma Rousseff loses impeachment vote in Brazil’s lower house