New Orleans

America’s One-Party Government

This is how America became a dictatorship. Instead of there being any longer a political party that represents the aristocracy, being opposed by a political party that represents the people, there are two political parties that represent two sides of the aristocracy: on the one side (the Democratic Party) are the «noblesse oblige» aristocrats, and on the other side are the «greed is good» aristocrats. The people are merely servants; they are ‘dispensable’, just like ‘dispensable’ nations are (every nation except America).

How A Collapse In South America Could Trigger Martial Law In The U.S.

If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then swim through. The issue is and always will be “interdependency,” and the dissolution of sovereign borders. The European Union dynamic, for example, can only end in one of two ways - the complete dismantling of the supranational body and a return to sovereignty, or, a socio-economic crisis followed by even more centralization and the end of all remnants of sovereignty. Either way, the consequences will not be pretty. The same strategy may also be used in the Western hemisphere; more specifically, the collapse in South America that almost no one in the mainstream seems to be paying much attention to.

Frontrunning: May 4

  • Donald Trump’s Win Just Latest Tremor Shaking GOP (WSJ)
  • Trump Becomes Presumptive Republican Nominee as Cruz Exits Race (BBG)
  • How 'Stop Trump' failed to halt the Republican front-runner (Reuters)
  • Islamic State seeks news blackout in Mosul as Iraqi army nears (Reuters)
  • U.S. gathers allies on next steps in Islamic State fight (Reuters)

Guest Post: Why Hillary Clinton’s Paid Speeches Are Relevant

Hillary Clinton’s paid speeches are not relevant because of anything that they said, but because the organizations that paid typically $225,000 to her, for each of them, were paying a servant, for extremely valuable services that that servant is being expected to provide to the owners and top executives of that organization if that servant becomes the U.S. President (or, in the case of her husband Bill) for valuable services that already were provided by that servant when he was a President. They’re pay-offs, for services that are anticipated, or else that have already been provided. They are not (such as the author was assuming) for “the speech.”

A Quarter Century Of Monetary Voodoo

So far this year, Janet Yellen has not taken a single step in the direction of a “normal” monetary policy; our guess is that she never will. Why not? Is it because she is a witless tool of Deep State cronies? Is it because her economic theory is silly, superficial, and simpleminded? Or is it because she and her predecessor, Ben Bernanke, have done so much damage to the normal world that there is nothing to go back to?

Super Bowl 50 - What Has Changed In The US Since 1967

America has changed a lot since Super Bowl 1 in 1967 but, as the cost of tickets, airfare, commercials, and beer have soared, real median incomes have risen just 9%... is it any wonder the 'people' are revolting.. towards Bernie and The Donald? However, the economics of Super Bowl 50 are every bit as cloudy as the general American economy... which looks set to be re-named "The Unicorn Bowl."

10 Years After The Greenspan Fed

Ten years ago this week, Alan Greenspan left his post as head of the US Federal Reserve, facing disgrace among hard money advocates, which largely persists to this day. However gold investors can learn an important lesson from how little influence Greenspan, one of the gold standard’s most eloquent backers, had during his 18-year tenure.

Americans Have Never Tried To Buy So Many Guns In November... Ever

Two things happened after the most recent widely publicized US mass shootings/domestic terrorism acts: i) Obama once again made a concerted effort to push for gun-control, and ii) gun sales soared to record highs for November most likely in response to i). As we reported in September, citing the FT, "gun sales this year could surpass the record set in 2013, when gun purchases surged after the December 2012 Sandy Hook murders." And given that Black Friday background checks broke all previous records, it appears we are well on our way.

This Is Not Your Father's Market

"We live in a dystopian investment world, whose markets have morphed into an Orwellian backdrop of omnipresent government intervention and manipulation that is increasingly dictated by the quant community -- who worship at the altar of prices and price momentum (and are agnostic on values)."