Men who have occupied the seat of United States Attorney for the Southern District of New York have portrayed themselves in recent years as protectors of the investing public. Through the use of insider trading laws, which only came into effect in 1968, Rudy Giuliani, and most recenting Preet Bharara, have touted themselves as the “Sheriff of Wall Street.” Time magazine featured Bharara on a 2012 cover with the title “This Man is Busting Wall Street” for the hundreds of cases of insider trading suits he brought and his 85 case winning streak that ended after more than five years … Continue reading

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Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite. 2018 will be a year of major volatility in many markets. Stocks are now in a melt-up phase and before the major bear markets start in virtually all countries around the world, we are likely to see the final exhaustion moves which could be substantial. The year will also be marked by inflation increasing a lot faster than expected. This will include higher interest rates, much higher commodity prices, like … Continue reading

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Franklin Einspruch, A commentator in The Federalist, describes me as a “circumspect conservative” scholar who has written responsibly about Cultural Marxism.  I’m also deemed to be a conservative who agrees with other conservative critics of the Frankfurt School on the harmful effects of this group’s radical ideas. But I must part ways with Mr. Einspruch when he tells us:  “It’s plain fact that political correctness and multiculturalism derive from notions hailing from the Frankfurt School, which in turn took most of its cues from Karl Marx.” Although I can discern a connection between feminist attacks on inherited gender roles and Frankfurt School views on sexual … Continue reading

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Trump and the Fine Art of Dialectics Alexander Blok, one of the smartest and most noble of Russians, wrote this amazing essay on Catiline, a Roman rebel whose plot was crushed and who was utterly maligned by the father of all bullshit, Cicero. So Catiline was this patrician, a decadent SOB who, when mistreated and challenged by the Roman establishment, organized the Roman deplorables and started a rebellion. It was squashed of course, but for Blok, he remained a hero. Blok calls Catiline the Roman Bolshevik, and insists on approaching him not from Cicero’s moralizing NYT-like perspective, but from the perspective … Continue reading

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When I say “modern jazz,” I mean post-World War II jazz. Two things characterize it: (1) small bands; (2) it is for listening, not dancing. Big band jazz was different. The era of the big jazz bands, meaning swing bands, lasted a decade: from about 1931 (Harlem’s Chick Webb) through 1942: mobilization during World War II. It was Benny Goodman’s band, beginning in 1935, that made the music popular. The year 1942 was also the beginning of the strike of the musicians’ union. The union refused to allow its members to record music, except for the Armed Forces Radio Network, which was … Continue reading

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Henry Kissinger rightly noted that it’s often more dangerous being an ally of the United States than its enemy.  The latest victim of this sad truism is Pakistan, a loyal ally of the US since the dawn of our era. President Donald Trump’s visceral hatred of Muslims (never mind what kind, or why, or where) erupted this week as he ordered some $900 million in US aid to Pakistan to be abruptly cut off.  Trump accused Pakistan of lying and deceiving the US and providing a safe haven to Afghan resistance forces of Taliban (`terrorists’ in US speak) battling American … Continue reading

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