Reality

Household Wealth Hits A Record $96.2 Trillion... There Is Just One Catch

In the second quarter of 2017, US household net worth rose by $1.7 trillion, reaching a record $96.2 trillion as the stock market soared and home prices hit new record highs. But while it would be great news if wealth across all of America had indeed risen as much as the Fed claims, the reality is that there is a big catch...

The Worst Mistake In US History

"The worst mistake in U.S. history was the conversion after World War II of the U.S. government from a constitutional, limited-government republic to a national-security state. Nothing has done more to warp and distort the conscience, principles, and values of the American people, including those who serve in the U.S. military."

If The Majority Votes To Secede - What About The Minority?

Is it right or moral to support a secession movement that, in the short- and medium- terms is almost guaranteed to adopt policies that are counter to the cause of freedom and free markets? ... the answer is the same whether we're talking about secession in Scotland, in California, or in Catalonia: the answer is yes.

Bill Blain: "Let's Pretend"

"Let’s pretend there is not a storm of contradictory bluster and threats facing Europe – which central bankers should ignore at their peril."

Metals Massacre - Iron Ore Enters Bear Market, Copper Collapses To 1-Month Lows

The hype surrounding the credit-fueled resurgence in base metals in the first half of 2017 has crashed and burned on the altar of reality in China's slowdown with industrial metals from copper to iron ore and zinc all plunging in the last two weeks. Odd that we don't hear much from mainstream business media discussing the implications for a global coordinated economic growth narrative...

Trump's China-Sanctions Madness Imperils The Dollar

"If the US wants to really continue with this sanctions game, it need also be prepared to face the reality that its not 1989, and that the world may not be willing to treat dollars and US sanctions in the way the US expects it to. The likely response will only be the latest evidence that the US 'unipolar moment' is over. "