Racketeering

Kunstler Rages "Racketeering Is Ruining Us"

"It's a classic quandary: that oil priced at over $75 a barrel in today's dollars tends to crush economies, and oil priced under $75 a barrel in today's dollars tends to crush oil companies. There is no real sweet spot between those two places. We're ratcheting between them and each one of them entails a lot of destruction."

The Good, The Bad, & The Great Of Donald Trump's Candidacy

"Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a bulging 30-year old bag of bad ideas. Hillary’s ideas—–and those of the establishment for which she shills——about how to fix the coming economic and foreign policy crises, in fact, are so unequivocally and irremediably bad that it is not possible that there is anything worse."

The Odious Versus The Tedious

For my money, the Ruskies should get the Nobel Peace Prize if they were behind the email release. What higher service to democracy than to expose the anti-democratic workings of the party that affects to call itself Democratic?

A Former NYMEX Trader Explains "The Mechanics Of Silver Manipulation"

What follows is how JPM manipulated the silver markets by selling the Silver contango during illiquid hours, then used their deep pockets to push settlements, then waited until margin calls made the large locals puke their positions. JPM in effect stretched the relationship between forward rates and futures spreads until they made no sense anymore. Not unlike a company trading at 50x earnings. It cannot last long. But it only has to last long enough until the guy with the position opposite you has to liquidate.

"Death To All Zombies!"

When things fall apart in stressed complex systems, they tend to fall apart fast. It’s called phase change. Too many things in 21st century life have depended on sheer trust that the people-in-charge know what they are doing. That trust has subsisted on the doling out of money-from-nothing: debt, reckless bond issuance. TARP, QEs, bailouts, bail-ins, Operation Twists, Ponzi schemes… the whole sad-ass armamentarium of banking necromancy. The politicians let it get out of hand. Things that can’t go on don’t, and now they won’t.

A Perfect Recipe For Mayhem

At a most troubled moment in history, both major political parties appear set to nominate time-bomb candidates for president with a fair percentage chance of blowing up their own campaigns and the parties themselves. Remember, too, the Black Lives Matter movement and its affiliates promised months ago to bring a disruptive presence to both conventions. Imagine how they will get on with thousands of outraged Trumpsters moiling in the streets. Add a dash of Mexican hot sauce to this farrago and you’ve got a perfect recipe for mayhem.

Nausea Rising

The people of the United States have real grievances with the way this country is being run but, considering that the 2016 election looks like a Dark Age puppet show, we forget this spectacle is serious. Rather large matters are at stake, such as the continuity of governance, the legitimacy of the two major political parties, the credibility of our financial arrangements, perhaps even the durability of the nation as a united polity.

"Hillary Clinton Will Be Indicted, It's Inevitable" Says Susan Sarandon

"Nobody's even talking about this indictment. What happens with that?" Sarandon told MSNBC's Chris Jansing. "Besides the trust issue of catching her in so many lies..."
"Well, there has been no indictment," Jansing responded.
"No, but there's going to be. There's going to be. I mean, it's inevitable."

David Stockman: The Good, Bad & Ugly Of Donald Trump

At the end of the day, America is on a slippery slope toward failure because the Warfare State and the Welfare State are suffocating what was once a prosperous capitalism and a resilient free society lightly intruded upon by the machinery of state. But now both parties have become handmaidens of the state. Maybe The Donald’s startling but palpable momentum toward the White House will have one saving grace. His relentless campaign against the “politicians” and the Washington money rackets may end up knocking the hypocritical stuffings out of both parties.