Davos

Second Foundation: Empire Crumbling

Unusually gifted individuals come along once in a lifetime to disrupt the plans of the existing social order. Despite the forlorn hope Donald Trump or some other savior can reverse our course, decades of missteps, dreadful decisions, ineffectual leadership, and unconcealed treachery have paved a path to destruction for the American Empire.

Row Breaks Out At G-20 Over Future Of Global Trade

A row appears to have broken out during today's G-20 meeting in Baden Baden, Germany - the first for the Trump administration - where the dominant topic is trade, and specifically how the "globalization vs protectionism" debate will look in a world where Donald Trump is president of the world's biggest economy.

The Three Trump Administrations

Foreign and national defense ministries around the world, as well as embassies in Washington, DC, are struggling to ascertain who is actually in charge of the U.S. government one month after Donald Trump was sworn in as president of the United States. It is a fair question, considering the conflicting statements issuing forth from the White House, State Department, and the Pentagon.

The Game (Theory) Of Trump - "Not Every Tweet Is A Constitutional Crisis"

"It’s the oldest saying in poker, and one I can’t repeat often enough. If you’ve been playing poker for 30 minutes and you don’t know who the sucker is … it’s you. We are - all of us, without exception - being played. That doesn’t mean we stop playing the game, whether it’s the game of markets or the game of citizenship. It means, though, that we resolve not to be the sucker."

The Central Banks Pull Back: Now It's Up To Fiscal Policy To "Save The World"

The reason central bankers are pulling back from their previous "we can do no wrong, we're saving the world" expansion is those policies have failed to bolster the real economy. Even conventional economists who never met a central bank expansion they didn't love are grudgingly conceding that quantitative easing and all the other monetary expansions did little but make the rich richer and everyone else poorer.