Archipelago

The US Has A Huge Rate Of Whites In Incarceration (But Nobody's Talking About It)

Newly released data is helping shed light on America’s incarceration problem, demonstrating that only the small archipelago of Seychelles, located in the Indian Ocean off East Africa, has a higher incarceration rate than the U.S. But when studied carefully, the rates demonstrate yet another trend: America’s white prison population has been increasing in recent years while the number of blacks in prison has been dropping - and nobody is talking about it.

The Real Existential Threats Of 2016

"If one belongs to that third of the nation that pays no income taxes but receives copious benefits, why would you vote for a party that will cut taxes you don’t pay, but take away benefits you do receive?" And so they did, and so they do. But this is a game that cannot go on forever.

Vietnam Secretly Moves israeli Rocket Launchers To Disputed Islands To Counter China

While over the last several months, tensions over the South China Sea territorial dispute have mostly focused on the diplomatic war of words between China and the US, Reuters reports that in a move that is likely to substantially "raise tensions with Beijing", Vietnam has secretly fortified several of its islands in the disputed territory with Israeli-made EXTRA mobile rocket launchers 'capable of striking China's runways and military installations across the vital trade route."

China Has No Legal Claim to Most of South China Sea, UN Tribunal Finds

In a widely anticipated, purely symbolic decision, just over an hour ago a UN tribunal, the Permanent Court of Arbitration in The Hague, ruled unanimously in favour of the Philippines in its case against China’s extensive claims in the South China Sea. It found that China’s claim to historic rights in most of the South China Sea has no legal basis, dealing a setback to Beijing which, as the WSJ adds, the U.S. fears could intensify Chinese efforts to establish its control by force.

Yesterday's Dystopian Fiction Is Today's New World Order

The shift is toward totalitarianism, and the populations have been (and are being) conditioned to accept, if not embrace, collectivist thought and socialism. Orwell envisioned it. His work is labeled a work of fiction, although all of the measures Oceania pursued are either currently in place in the United States or they’re being developed.

China Builds Second Aircraft Carrier As Xi Flexes Maritime Muscle

As tensions continue to rise in both the South China Sea (see the recent protest by dozens of Filipinos in the Spratlys) and the East China Sea (where Beijing and Tokyo are feuding over disputed islands and claims on oil and gas fields), the PLA has begun building China's second aircraft carrier in yet another sign that Xi fully intends to build a true blue water navy.

The Keynesian Recovery Meme Is About To Get Mugged, Part 2

At the end of the day, the Fed led central bank money printing spree of the past two decades resulted in what is functionally a massive dollar short. Once the Fed stopped expanding its balance sheet when QE officially ended in October 2014, it was only a matter of time before all the “near-dollars” of the world would come under enormous downward pressure in the FX markets. Our Keynesian witch doctors believe that sinking currencies are a wonderful thing, of course. They claim making your country poorer is a good way to stimulate export growth and a virtuous cycle of spending and growth. But there is another thing. It is also a good way to generate capital flight and the ensuing chaos that creates.

Argentines Stumped By Mystery Trucks Loaded With $130 Million In "High Denomination" Bills

Apparently taking a page out of the Spanish government's playbook, Argentines in the Santa Cruz region were surprised yesterday afternoon when at least five bright yellow armored trucks accompanied by heavily armed police paraded through the city. Just weeks after Kirchner's Peroniost government lost the election, and coming after five office fires (destroying banking and economic files from the current regime), local press reports the trucks loaded up with $130 million of banknotes at the airport and driven to banks in the region where outgoing President Kirchner's sister-in-law is governor. Amid comments by the central bank that there are no reserves left, and ongoing discussions of larger banknote denominations and (implied 50% devaluations), one could only speculate where the officially "business-as-usual" transfer of $100s of millions of banknotes will end up.