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."

Bitcoin In An Illusionary Age

"In an era where sacrifice, hard work, loyalty, ingenuity, tradition, and independent thought are considered anathemas, while affirmative action, sloth, effeminacy, office seeking, and something-for-nothing schemes are endemic in every walk of life, it is not surprising that non-tangible, computer-generated currencies would become a 'natural' feature of such a world."

House Price Bubbles 2.0 In Pictures

On a “national” basis the divergence isn’t too bad.  But, in the key cities that drive the US economy, Bubble 2.0 has blown large.  This represents significant downside, especially in the sand states, just like in Bubble 1.0.

63 Shot, 8 Dead In Chicago's 2nd Most Violent Weekend Of 2017

More people were shot in Chicago over this past weekend than any other this year, except for the Fourth of July weekend that spanned four days.  According to the Chicago Tribune and police data, a total of 63 people were shot and 8 were killed as violence erupted all over the city.

No, Corporate CEOs Are Not Heroes

"...some of the worst cretins rummaging around the carcass of American freedom and democracy instantaneously began salivating ferociously at the opportunity to look heroic by coming out in opposition to a grossly exaggerated Nazi threat hyped up by the corporate media..."

US Workers' Wage Expectations Unexpectedly Collapse

According to a brand new Fed survey, US workers and job-seekers are so disenchanted with the labor situation, and harbor so little hope for higher paychecks, that even as they increasingly search for new jobs, they not only expect fewer job offers but now expect the lowest "new" paycheck in over two years.

"Terrorism, Terrorism, Terrorism"

"Human beings have a 1 in 3,000,000 chance of suffering from a terror attack. Yet there is currently a 100% chance that Social Security runs out of money in 2034. Only one of these manages to find its way into the news."