• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Corruption

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Why All Central Planning Is Doomed To Fail





How is it that so many smart people came to believe things that aren’t true? Krugman, Stiglitz, Friedman, Summers, Bernanke, Yellen – all seem to have a simpleton’s view of how the world works. They believe they can manipulate the future and make it better. Not just for themselves… but also for everyone else. Where did such a silly idea come from?

 
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Frontrunning: April 15





  • Global stocks, dollar and oil cool ahead of Doha meeting (Reuters)
  • Oil Falls Before Doha as Global Markets Brace for Weekend Risk (BBG)
  • China Growth Slows; Revival Policies Appear to Gain Traction (WSJ)
  • White House hopefuls Clinton, Sanders joust in Brooklyn brawl (Reuters)
  • Trump talks up 'New York values' as protesters demonstrate against him (Reuters)
  • Sanders Can’t Clarify Wall Street Plan in Testy Clinton Debate (BBG)
 
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The Curious Story Of The Chinese Tycoon Found "Chopped Up Into 100 Pieces" In A Vancouver Mansion





Two days ago we introduced you to "the rich kids of Vancouver." We now introduce you to someone who may be one of these rich kids' dad. Or rather was, because Gang Yuan, a 42-year-old mining tycoon is no longer alive. His corpse was found chopped into 100 pieces in his Vancouver home.

 
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State Of Fear - Corruption In High Places





"It’s a story of intrigue, corruption and multiple murders, stretching from the streets of Malaysia’s capital Kuala Lumpur, to Switzerland, France and the US as well as Hong Kong and Singapore, all the way to Australia’s doorstep."

 
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"My Daddy’s Rich And My Lamborghini’s Good-Looking": Meet The Rich Chinese Kids Of Vancouver





Meet Andy Guo, an 18-year-old Chinese immigrant, who loves driving his red Lamborghini Huracán. He does not love having to share the car with his twin brother, Anky. "There’s a lot of conflict," Mr. Guo said, as a crowd of admirers gazed at the vehicle and its vanity license plate, “CTGRY 5,” short for the most catastrophic type of hurricane.  Or Diana Wang, 23,  who thinks a supercar is a poor investment, because its value decreases over time. "Better to spend half a million dollars on two expensive watches or some diamonds."

 
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The New Middle Kingdom Of Concrete And The Red Depression Ahead





Massive borrowing to pay the interest is everywhere and always a sign that the the end is near. The crack-up phase of China’s insane borrowing and building boom is surely at hand.

 
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Fleecing The American Taxpayer: The Profit Incentives Driving The Police State





Everywhere you go, everything you do, and every which way you look, we’re getting swindled, cheated, conned, robbed, raided, pickpocketed, mugged, deceived, defrauded, double-crossed and fleeced by governmental and corporate shareholders of the American police state out to make a profit at taxpayer expense. "The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”

 
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Brazil Committee Votes To Begin Rousseff Impeachment Process: What Happens Next





Moments ago, in the first of two closely anticipated and watched votes, a special committee in Brazil's lower house voted 38 to 27 to begin the impeachment process against president Dilma Rousseff. But while the first key step in Rousseff's ouster has been taken, there is a long road ahead for the process and Dilma will not go quietly or without a fight.

 
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As Ukraine Collapses, Europeans Tire Of US Interventions





On Sunday Ukrainian prime minister Yatsenyuk resigned, just four days after the Dutch voted against Ukraine joining the European Union. Taken together, these two events are clear signals that the US-backed coup in Ukraine has not given that country freedom and democracy. They also suggest a deeper dissatisfaction among Europeans over Washington’s addiction to interventionism.

 

 
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The Arrogance And Abuse Of Power - The Progressive Push Toward "Soft" Tyranny





Through all the progressive's rhetoric about "democracy" and "equality" and "social justice" and "diversity," theirs is a political philosophy and public policy ideology of elitism, hubris, and authoritarianism dominated by the idea and ideal of remaking human beings, human relationships and the structure and order of society into redesigned patterns and shapes that reflect their notion of how people should live, work, associate and earn a living. That is why the modern liberal or progressive represents the face of a contemporary political, economic and cultural "soft" tyranny.

 
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The End Is Near For Brazil's Ultra-Corrupt Government





"We could lose a decade of economic growth in three or four years," one official exclaims, "in other words, a decade of growth would be lost during Dilma’s mandate if she continues on as president." This recession, and concurrent high inflation, has been magnified by the biggest scandal in political memory...“It is considered common sense now that she will be impeached. Only a miracle can save her. All the factors are pushing that way."

 
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Was The Panama Papers "Leak" A Russian Intelligence Operation?





If this was the work of the CIA, it was an extremely sloppy and obvious hit job. On the other hand, if this was the work of Putin for the purposes of blackmail, it’s one of the most ingenious chess moves I’ve ever seen played on the global stage. If this theory is correct, it’s the worse case scenario for American citizens. So if Putin is behind this, and does have the goods on the U.S. elite, not only do we not get rid of the these corrupt oligarchs, we now have to live with them in an even more compromised state than they were before.

 
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Panama Partners In Crime





The global financial/legal system, and our governments are both systemically corrupt and have been partners in crime – laundering money and evading taxes – as a matter of undeclared policy. It has been and remains just the way the system they profit by, works. The only people who were not to know is us – The little people of every country, who are told they must pay their taxes, accept cuts because they aren’t paying enough taxes, and obey the laws and respect their betters.

 
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The Panama Papers Could Really End Hillary Clinton's Campaign





Despite the supposedly ineluctable logic of Sanders’ unelectability, many pundits now believe there has been a seismic shift in the 2016 presidential race. It is becoming increasingly obvious that Americans are sick to death of the two corporatist political establishments and will do anything to send them a message. Then there’s the matter of the Panama Papers, which once again illustrate the stark contrast in judgement between Bernie Sanders and Hillary Clinton.

 
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