Reality

Frontrunning: April 18

  • Britain's May seeks snap election to boost Brexit hand (Reuters)
  • Trump to seek changes in visa program to encourage hiring Americans (Reuters)
  • Trump appointee Gorsuch energetic in first U.S. high court arguments (Reuters)
  • Pence Reaffirms U.S.-Japan Alliance Amid North Korea Provocations (WSJ)
  • Blackwater Founder Erik Prince Said to Have Advised Trump Team (BBG)

Is America's Alliance with Turkey Doomed?

The historic breakdown in Anglo-Ottoman relations is a useful model for evaluating today’s troubled alliance between the United States and Turkey...

Taxation Is Theft

With a tax code that exceeds 72,000 pages in length and consumes more than six billion person hours per year to determine taxpayers’ taxable income, with an IRS that has become a feared law unto itself, and with a government that continues to extract more wealth from every taxpaying American every year, is it any wonder that April 15th is a day of dread in America?

US Restaurant Industry Suffers Worst Collapse Since 2009

With a same-store sales decline of 1.6%, the first quarter of 2017 was the fifth consecutive quarter of negative results. The last time the industry experienced a similar period was in 2009 and the first half of 2010, as the economy began recovery following the recession. Only this time the move is in the opposite direction.

Angst In America - Disappearing Pensions

The deeper you look, the worse this pension situation gets. Angst is a perfectly reasonable response for anyone who is retired or thinking about retiring in the next decade...

Distracted Nation "Buys The Dip"

The military frolics of spring have distracted the nation’s attention from the economic and financial dynamics that pose the ultimate mortal threat to business as usual.

Stockman: The Trump Reflation Fantasy Ends On Day 100

"In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course... The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign."

Former UBS Chairman: "The EU Was A Great Idea But It Has Been Ridden To Death"

"Putting it somewhat simply, the EU, after making good progress in the early years and serving peace, made two fundamental mistakes since the Maastricht Treaty that have become inherited burdens today, and that we would do better to get rid of. They are closely tied and together form the Gordian knot of the continent..."

Paul Craig Roberts: "It Has Become Embarrassing To Be An American"

"Washington is a collection of morons, people stupid below the meaning of stupid. People so far outside of reality that they imagine that their hubris and arrogance elevates them above reality. When the first Satan 2 hits Washington, the greatest collection of morons in the world will cease to exist."

Did Al Qaeda Fool The White House Again?

While Postol’s appeal for urgent attention to this pattern of the White House making false intelligence claims – now implicating three successive administrations – makes sense, the likelihood of such an undertaking is virtually nil. Instead, Official Washington’s propaganda bubble will stay firmly in place allowing its inhabitants to go happily about their business believing that they are the caretakers of “truth.”

Fake News From The Fed

What you see in the media is mostly “fake news.” This is the public spectacle – where tiny and often trivial bits of real news are conflated with vast myths and illusions.