Category: Aggregated

John Maynard Keynes was a crackpot. So are his followers. All of them. I can hear the shocked response. “But, Dr. North, you’re not supposed to say such things. It’s not polite. It shows a lack of etiquette. People who say such things are themselves dismissed as crackpots.” To which I respond: “Dismissed by whom?” Here is my view: “Crackpot is as crackpot does.” Also: “Crackpot was as crackpot wrote.” Here is a passage from Keynes’ General Theory of Employment, Interest, and Money (Macmillan, 1936). This book has remained in print in the original edition ever since. You are about … Continue reading →

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Nick Giambruno: Doug, I know you’ve been thinking about how the Greater Depression will unfold. It’s no secret the government has created the biggest credit bubble in history through endless money printing—euphemistically called QE—and now “NIRP” (negative interest rates). But I understand you’ve had a different “bubble” on your mind lately… Doug Casey: Yes. I’ve been thinking about the gigantic bubble in military spending in the U.S. And how it’s one of the worst things that can happen, and at the absolute worst time. The U.S. Government is bankrupt, we’re about to go into the trailing edge of a monumental … Continue reading →

The post The US Global RoboCop appeared first on LewRockwell.

Nigel Farage and Donald Trump embody the desire of their societies for a dignified and managed retreat from empire. By contrast, Hillary Clinton represents the last frenetic attempt within the US to sustain its imperial role. Regardless of the outcome of the Presidential election, it is Donald Trump in the US, like Nigel Farage in Britain, who is closer to the deeper and longer-term aspirations and feelings of the American people. In 1969 Julian Amery, Member of the UK Parliament published the final of a six-volume study on Joseph Chamberlain and his tariff reform campaign. The campaign which began in … Continue reading →

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It is no secret that earnings have gone nowhere over the past two years (and are set to decline for 6 consecutive quarters), while on a GAAP basis earnings as of 2015 were the lowest since 2010… … which means that earnings growth has not been a factor behind the stock market’s recent ascent to all-time highs. As a result, the conventional explanation to justify the S&P trading just shy of 2,200 is that the market has been the beneficiary of unprecedented multiple expansion. To be sure, as Goldman recently opined, the median stock multiple has never been more overvalue. … Continue reading →

The post How Much of The S&P’s Value Is Due To Central Banks? appeared first on LewRockwell.

Do you smirk when you hear someone question the official stories of Orlando, San Bernardino, Paris or Nice? Do you feel superior to 2,500 architects and engineers, to firefighters, commercial and military pilots, physicists and chemists, and former high government officials who have raised doubts about 9/11? If so, you reflect the profile of a mind-controlled CIA stooge. The term “conspiracy theory” was invented and put into public discourse by the CIA in 1964 in order to discredit the many skeptics who challenged the Warren Commission’s conclusion that President John F. Kennedy was assassinated by a lone gunman named Lee … Continue reading →

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Those without value-creating human/social capital will be mired in a low/minimum wage environment that will make it difficult to escape debt-serfdom. Let’s start with the sobering reality that the Millennial generation faces economic challenges that are unique to this era: sky-high student loan debt, soaring costs for basics such as rent and healthcare, a stagnant neo feudal crony-cartel economy and an intellectually bankrupt status quo in thrall to failed ideologies: Keynesian Cargo Cult central banking, outdated models of capital and labor and an unthinking worship of debt-funded centralization as the “solution” to all social and economic ills. The potential solutions … Continue reading →

The post Dear Millennials: appeared first on LewRockwell.

Pakistan and Afghanistan agree to reopen Chaman border crossing

Video of qkYxAFqQJ3E

Join us at 9pm for a Q&A discussion with Megan Beets of our Science Research Team on the lunar far side. What is it?! Why is the far side of the Moon so different from the near side? What will China do there? And why is thi…

The Clinton Plan to Destroy Russia

New U.S. Policy: Kill the Kurds

Top UK general admits he knew psychotic effects of malaria drug… but still let soldiers take it

The government has become so corrupt we have no choice but to denounce it.
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