Mnuchin's Trophy Wife Blasted After Instagram Spat Goes Viral

"Cute! Aw!!! Did you think this was a personal trip?! Adorable! Do you think the US govt paid for our honeymoon or personal travel?! Lololol. Have you given more to the economy than me and my husband? Either as an individual earner in taxes OR in self sacrifice to your country? I’m pretty sure we paid more taxes toward our day ‘trip’ than you did."

Are We Fiddling While Rome Burns?

Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities.

Frontrunning: August 22

  • Trump commits to a 'fight to win' in Afghan war (Reuters)
  • Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)
  • Futures higher as traders pick up beaten-down stocks (Reuters)
  • Divers Search Compartments of Ship for Missing Sailors (WSJ)
  • Why Do U.S. Navy Ships Keep Colliding? (BBG)

Stocks Rebound As Europe Ends 3-Day Losing Streak; VIX, Gold, Bonds Slide

S&P futures are modestly in the green, following gains in European and Asian shares, after the cash index climbed on Monday for the first time in three days as volatility tumbled amid abysmal trading volumes. European stocks joined an Asian stock rally following three days of losses. Bonds, gold, VIX and the yen declined despite another warning from Ray Dalio who said he was "reducing risk."

Bill Blain: There Is A "Last Days Of Rome" Feel To The News These Days...

"I suspect we’re into completely uncharted waters here. The central bankers know we need to normalise and rebuild the broken structures of capitalism and market based economies, without it becoming too apparent they are so broken – which would cause financial panic… On the other hand the cure might prove as painful as the self-inflicted injury of QE."

Mnuchin Visits Fort Knox, Says "Gold Is Safe"

Shortly before becoming the first Treasury Secretary to visit Fort Knox in 70 years, Mnuchin said "I assume the gold is still there. It would really be quite a movie if we walked in and there was no gold.” Then, upon emerging, he had three words for the American people: "gold is safe!"

One Statistics Professor Was Just Banned By Google: Here Is His Story

"We are going to be looking back on this time in Google’s history and those of other social media and know that they have done some very immoral and confusing things, and it has hurt their public reputation with decent people who wanted to grow into the next future with them..."

Europe Is Committing Demographic Suicide

"Muslim believers know very well that their fertility is such today, that they call it... the Great Replacement. They tell you in a very calm, very positive way: One day all this, all this will be ours..." - Luc Ravel, The Archbishop of Strasbourg.

What Would A U.S. Civil War Look Like?

"Yes, there is a civil war looming in the United States...But it will not look like the orderly pattern of descent which characterized the conflict of 1861-65. It will appear more like the Yugoslavia break-up, or the Russian and Chinese civil wars of the 20th Century... It will appear as an evolving chaos."

Think Like A Corleone

"If you think the government, its friends, and those who pull its strings have your best interests at heart, that they tell the truth, that they can be trusted, you are living in a fool’s paradise and deserve whatever you get from your “benevolent” masters. For the rest of us, it’s time to go Sicilian, to start thinking like a Corleone. The dangers will intensify as things get much worse, before collapse offers the prospect of rebuilding something better."