Ignorance Is More Costly In Politics Than In Markets

The public, benefiting from vast and varying voluntary market arrangements without understanding them, can be lured by siren songs of something for nothing, because they don’t see how it undermines those irreplaceable arrangements which reliably serve them.

Everyone Has A Plan... And No One Has A Clue

Failure has been rescued from the jaws of success. An opportunity to provide a major sentiment boost has been spurned in favor of continuing confusion. Sadly, investors must persist in keeping at least one nervous eye fully focused on an unpredictable and incoherent Fed. It’s the real economy that misses out.

Perception Vs. Reality

M.C. Escher’s famous painting “Ascending and Descending”, and recent market trends have a lot in common. They both portray a lot of up and down movement and what many may perceive to be trends. However, when studied closely, they both show little to no absolute change in direction.

Western Hypocrisy, And Why It Makes The World A Dangerous Place

The West has always been a great trembling hive of hypocrisy, portraying itself as liberal, progressive, civilised and democratic... as the "shining house upon the hill": just, altruistic, democratic, with a "mission to extend individual liberties throughout the world." These western and especially US virtues are mobilised to justify policies, wars, covert activities which are not virtuous at all.

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Canaries 'In Extremis'

Nobody “important” will admit it until after the election, but the resumption of the depression is at hand.

"A Pretext Is Needed": A False Flag May Be Imminent To Drag U.S. Into War

With so many bizarre events taking place leading up to the election, few Americans are even grounded in reality any more. Perhaps the powers that be, with new and ready scapegoats – like Donald Trump, ISIS or Russia – think that the populace can again be convinced to surrender their liberties and consent to war if a new attack is staged. They have done it, and they will do it again...