I’ve noticed that a great ice-breaker at social gatherings is when people ask who you’re backing in the elections, you reply with: “I don’t vote.” This generally results in one of the most well-worn expressions in American history. It’s so worn that if it was a coin, you wouldn’t see what emperor, er, a president is on the coin. That expression is: “Men DIED for your right to vote!” Oh, did they now? That’s funny because I thought they died for a ridiculous foreign policy decision of the United States government. Or some ill-advised “theory” like the “Domino Theory” or … Continue reading →

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A Kentucky woman heroically turned the tables on the man who was trying to rob her at knifepoint by shooting him in the neck and buttocks with her own gun. The unidentified woman was being stalked by John Ganobick on the night of January 26 when he followed her into a shopping mall elevator to the parking lot. Exiting the elevator with her, he gave chase when she ran to her car and tried to beat her – leaving his victim fearing she would be raped. But he quickly found himself on the receiving end of some rough justice when … Continue reading →

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In 1979, Israel completed the final adjustments to its atomic bomb, in collaboration with the apartheid régime of South Africa. The Hebrew state has never signed the Non-Proliferation Treaty and has always avoided answering questions about its nuclear programme. Every year since 1980, the United Nations General Assembly has adopted a consensual resolution to make the Near East a region free from all nuclear weapon. This resolution was aimed at encouraging Israel to give up its bomb and to ensure that other states would not enter into an arms race. Under the Shah, Iran also had a military nuclear programme, … Continue reading →

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The Republican presidential debates have become so heated and filled with insults, it almost seems we are watching a pro wrestling match. There is no civility, and I wonder whether the candidates are about to come to blows. But despite what appears to be total disagreement among them, there is one area where they all agree. They all promise that if elected they will “rebuild the military.” What does “rebuild the military” mean? Has the budget been gutted? Have the useless weapons programs like the F-35 finally been shut down? No, the United States still spends more on its military … Continue reading →

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What happened at Lexington and Concord, Massachusetts on April 19, 1775, was an eruption of terrorist violence against the forces of order and decency, insisted Peter Oliver, a former Massachusetts Bay Superior Court Judge. His history of the American rebellion was published in 1781, but it has an oddly contemporary flavor – almost as if it had been published by an 18th Century analog of the so-called Southern Poverty Law Center. General Gage, “having intelligence that a quantity of warlike stores was collected at Concord … judged it most prudent to seize them,” Oliver narrated. The troops acted with efficient … Continue reading →

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Media and government officials keep telling us the economy looks great, but a peek behind the curtain tells a different story. Some people do see the writing on the wall. Peter Schiff has been saying the US may well have already entered a recession. Last month, Jim Grant echoed Peter, saying the US economy likely went into recession in December 2015. And in a recent interview, Rogers Holdings Chairman Jim Rogers said there is a 100% probability the US will be in a downturn within a year: It’s been seven years, eight years since we had the last recession in … Continue reading →

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Claude Frederic Bastiat (1801-50) — a French classical liberal theorist, political economist and a member of the French National Assembly — wrote an influential essay titled “That Which Is Seen and That Which Is Not Seen.” Bastiat argued that when making laws or economic decisions, it is imperative that we examine not only what is seen but what is unseen. In other words, examine the whole picture. Americans who support tariffs on foreign goods could benefit immensely from Bastiat’s admonition. A concrete example was the Bush administration’s 8 to 30 percent tariffs in 2002 on several types of imported steel. … Continue reading →

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The honeypot might be the most glamorized espionage technique in fiction. It’s a tale of hushed phone calls and late-night rendezvous, of secrets whispered through lying lips. But femme fatales and lovers’ plots are not exclusive to fiction. Although the honeypot isn’t used as often as other spy techniques, it still has a place in the real world. 10 For The Love Of Clayton Lonetree There was never a man lonelier than Clayton Lonetree. A Navajo native, Sergeant Lonetree was stationed at the US embassy in Moscow during the Cold War, and unlike many of the other Marine guards on … Continue reading →

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Not so long ago the idea of negative interest rates seemed absurd. Now, as The New York Times reports, over $7 trillion in debt the world over make lenders yield instead of the other way around. But negative rates haven’t stimulated anything but the occasional bubble.  What monetary treachery do the money mandarins have up their sleeves beyond creating enormous amounts of central bank credit and driving rates underwater? It’s those large bills that are the problem says Larry Summers. Benjamins and the 500 euro note make the world a more dangerous place.  “The fact that — as [Peter] Sands … Continue reading →

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