Britain’s #DEBT soars by £555bn under Tory. Osborne to miss targets as he struggles to bring finances under control.https://t.co/EErvGPUxX9 — Stephen P Kendal (@StephenPKendal) March 23, 2016

UK Government Forbids Publicly-Funded Scientists And Academics From Giving Advice It Disagrees With – https://t.co/LxlNLkTdbn — Glyn Moody (@glynmoody) March 23, 2016

Democracy is a tramway – you climb on to get where you want to go, then you climb off.» Recep Tayyip Erdoğan (1996) The European Council of the 17th and 18th March 2016 adopted a plan which aimed to solve the problems posed by the massive influx of migrants from Turkey [1]. 28 heads of state and government submitted to the demands of Ankara. We have already analysed the way in which the United States wanted to use the events in the Near East in order to weaken the European Union [2]. At the beginning of the current «refugee crisis», we were … Continue reading

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Now that the Republican debates are mercifully behind us, the media has their work cut out for them. They’re going to have to work doubly hard at their specialty — creating news out of thin air. There’s no question that they are very good at their craft, but it’s going to be an increasingly difficult job for them. One of the things that dragged out the suspense and excitement of the debates so long was the fact that there were originally seventeen candidates in the Republicanfield. One wonders if it was arrogance or simply ignorance (Or perhaps arrogance of the … Continue reading

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Back in 2011, I wrote a little piece about the importance of having a selection of items on hand to fix and clean almost everything.  Since that time, my views have changed and whereas many of the items on the original list still hold a prominent place in my fix-it kit, some have dropped off and others have been added. Given that my focus this year is on simplicity as well as frugality, this is a great time to go back and credo this list because let’s face it.  Life is filled with little fix-it and clean-it tasks. Life is … Continue reading

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Everyone will agree that the American tax system is a mess. Taxes are far too high, and the patchwork system is so complicated that even IRS officials don’t understand it. Hence the evident need for some sort of dramatic, even drastic, reform. As often happens, a group of dedicated and determined reformers has arisen to satisfy that need. But before we embrace this new gospel, we should heed the old maxim about jumping from the frying pan into the fire, and also remember the warning of the great H.L. Mencken, who defined “reform” as “Mainly a conspiracy of prehensile charlatans … Continue reading

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An empty interrogation chair, a windowless warehouse, and a prison is known as The Salt Pit where inmates were kept in complete darkness , constantly shackled in isolated cells with loud noise or music and only a bucket to use for human waste. These haunting images curated by British photographer Edmund Clark and counter-terrorism investigator Crofton Black confront the nature of contemporary warfare head on, and in doing so reveal the invisible mechanisms of state control. One picture shows The Salt Pit, the CIA’s first prison in Afghanistan, upon which the visiting Federal Bureau of Prisons commented they had ‘never been … Continue reading

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Let’s look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country’s people buy from them. There cannot be a trade deficit in a true economic sense. Let’s examine this. I buy more from my grocer than he buys from me. That means I have a trade deficit with my grocer. My grocer buys more from his wholesaler than his wholesaler buys from him. But there is really no trade imbalance, whether my grocer is down the street, in Canada or, God forbid, in China. … Continue reading

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Termites start low and work their way up. By the time you notice them, it’s often already too late to save the place. All you can do is rebuild, start over. This analogy may be useful in terms of understanding what’s going on in the car business… on the lower end of that business. And what that could portend for the rest of the business – ostensibly “doing gangbusters,” according to mainstream media accounts. You know … like the housing market was “doing gangbusters” a few years back. Until, of course, it wasn’t. Well, check this: The number of “subprime” car … Continue reading

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Despite how unnatural milk consumption beyond infancy is in the natural world — every other species weans their young off milk after a certain age and then never drinks it again — humans continue to be bombarded with the idea that cow’s milk not only ‘does the body well,’ but is also the best source of calcium available to us. We are told that we cannot achieve strong and healthy bones if we do not consume this type of calcium, and thanks to remarkable marketing efforts on the part of the dairy industry, we believe it. The idea that milk is … Continue reading

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In spite of astrology, the ancients accumulated a surprisingly large body of astronomical knowledge. This age-old love of stars bridges time and space. Most importantly, it reminds us of just how little we are. 10 Babylonian Jupiter Tablet The ancient Babylonian people in what is now modern-day Iraq obsessed over the stars long before the birth of Christ. A set of ancient tablets from the early centuries BC have revealed planetary math that was previously credited to 14th-century Europeans. The Babylonians followed heavenly bodies across the sky and appointed them as prognosticators of Earthly events, birthing “modern” astrology and the … Continue reading

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Bloomberg has numerous offices around the world, many of which appear to have quite an independent streak, at least, that is our impression. Readers who occasionally watch clips from Bloomberg’s Asia Edition are probably aware of this. One can often see in-depth interviews there with people who espouse views far from the mainstream and who are highly critical of governments and central banking, such as e.g. Dr. Marc Faber or Jim Rogers, to name two prominent ones. What must be stressed here is the “in depth” qualification – there is a big difference between e.g. CNBC offering 60 seconds of … Continue reading

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“Things reveal themselves passing away,” wrote W. B. Yeats. Whatever one may think of Donald Trump, his campaign has done us a service — exposing the underbelly of a decaying establishment whose repudiation by America’s silent majority is long overdue. According to The New York Times, super PACs of Trump’s GOP rivals, including PACs of candidates who have dropped out, are raising and spending millions to destroy the probable nominee. Goals of the anti-Trump conspirators: Manipulate the rules and steal the nomination at Cleveland. Failing that, pull out all the stops and torpedo any Trump-led ticket in the fall. Then … Continue reading

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Central bankers behaving like lab rats frantically pressing a bar in hope more food pellets will come out. They ain’t comin’. -@hussmanjp — Jesse Felder (@jessefelder) March 22, 2016