Category: Aggregated

Jim Grant appeared on CNBC’s Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there’s a defensible case to be made that a recession began late last year.” Grant echoed what Peter Schiff has been saying. In his Gold Videocast last week, Peter also said he thinks the recession started last year: I believe eventually the government will acknowledge that this greater recession began in the fourth quarter of 2015, the very quarter that the Fed chose to raise interest rates.” The Daily Bell hosts didn’t seem … Continue reading →

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The key take-away: focus on owning income-producing assets, not a primary residence. One truism of investing is to follow the lead of those who are building wealth.This chart reveals the foundation of the wealth of the top 1% and the next 9%; business equity, i.e. ownership of enterprises. Compare the assets boxed in red: The wealthiest households’ primary wealth is businesses and shares in businesses. The bottom 90% depend on the family residence as a store of wealth, and on debt as a means of funding asset purchases and consumption. Primary residences were once a reliable store of wealth–a store … Continue reading →

The post Want To Be Wealthier? appeared first on LewRockwell.

The existence of the internet may not be news in most places, nor that it does things astonishing to those alive before the net and boring to those who came after. But I wonder whether the net might have underlying consequences perhaps not well understood. In particular, I wonder how to measure the influence of the internet in Battambang, Bali, Bukittinggi, or Tierra del Fuego. Or in small towns in Mexico, such as Jocotepec, down the road from me. Fifty years ago, such places existed in near-perfect isolation from the world at large. Nobody, bright or otherwise, had much chance … Continue reading →

The post Breaking Up the Official Storyline appeared first on LewRockwell.

The other day, Donald Trump mentioned that Jeb Bush’s brother, George W. Bush, used Eminent Domain (government seizure of private land) in order to build the baseball stadium that helped make his fortune and position him for a political career. Eminent Domain, of course, runs counter to private property values, which are dearly held by many Republican voters. Fox News asked Jeb about this,  “I don’t think eminent domain should be used for private purposes,” the candidate said, looking awkward, as he so often does. “I don’t know what my brother did or not.” In this case, Trump, who so … Continue reading →

The post Jeb’s Big Brother Seized Private Land To Get Rich appeared first on LewRockwell.

One of the biggest viral stories on social media last week was a laughably idiotic Finnish “how to” video that ostensibly demonstrates the proper way for women to defend themselves against rapists. The video, produced by state-run broadcaster Yle, reveals the top three police-certified methods that women should use against an attacker: “No,” “Push,” and “Handbag.” In the video, a young blond woman, trudging her way down a snowy street, is accosted by a white ne’er-do-well (needless to say, the Finnish media would never dare portray the attacker as a nonwhite immigrant or “refugee”). Upon being grabbed by the unwelcome … Continue reading →

The post Rape Is Not So Bad appeared first on LewRockwell.

1. September 11, 2001 – Thanks to the power of the web and live broadcasts on television, the conspiracy theories surrounding the events of 9/11 – when terrorists attacked the World Trade Centre in New York and the Pentagon in Washington – have surpassed those of Roswell and JFK in traction. Despite repeated claims by al-Qaeda that it planned, organised and orchestrated the attacks, several official and unofficial investigations into the collapse of the Twin Towers which concluded that structural failure was responsible and footage of the events themselves, the conspiracy theories continue to grow in strength. At the milder … Continue reading →

The post History’s Greatest Conspiracy Theories appeared first on LewRockwell.

By Dr. Mercola Pharmaceutical companies spend billions of dollars to influence, “educate,” and entertain doctors around the world.1 According to ProPublica’s “Dollars for Docs” website, which you can use to find out if your doctor accepts money from the drug industry, 1,630 companies have made payments to more than 681,000 doctors, totaling more than $3.5 billion.2 You can also find out if your doctor receives payments from Big Pharma by visiting OpenPaymentsData.CMS.gov. This site has tallied nearly $6.5 billion in payments since 2013.3 Drug companies have long tried to influence doctors’ prescribing habits by paying them for research activities, speaking … Continue reading →

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Once in a while, you see a small thing that perfectly illustrates the bigger problems as a whole. When my wife and I first moved here to Tucson (Yeah, I know, my bio isn’t updated, I’m working on it), we started getting people coming to the door offering landscaping services. I’m somewhat puzzled because I’m thinking, we’re in a desert here. What’re they going to do, move rocks around in the sand we call a front yard? Cactus is pretty much self-sufficient, the ultimate “minimalist” of plants that doesn’t need or want any mollycoddling or fussing about. A cactus needs … Continue reading →

The post A Weed Grows in Tucson appeared first on LewRockwell.

The government is already spying on us through spying on us through our computers, phones, cars, buses, streetlights, at airports and on the street, via mobile scanners and drones, through our credit cards and smart meters (update), television, doll, and in many other ways. Spying in the U.S. is worse than under Nazi Germany, the Stasi, J. Edgar Hoover … or Orwell’s 1984. Yesterday, U.S. Intelligence Boss James Clapper said that the government will spy on Americans through the internet of things (“IoT”): In the future, intelligence services might use the [IoT] for identification, surveillance, monitoring, location tracking, and targeting … Continue reading →

The post The Whole Point of the Internet of Things appeared first on LewRockwell.

With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP. And while in recent days we have seen op-eds by both Bloomberg and FT urging the banning of cash, the most disturbing development we have seen yet in the push for a cashless society has come from the following slide in a Morgan Stanley presentation, one in which … Continue reading →

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