"The real currency of this world is not backed by gold, nor by oil, nor by bureaucratic fiat, nor even by direct military might. No, the real currency of this world is narrative, and the ability to control it..."
"...declining nations follow the same pattern, time and time again, over the centuries. This is not coincidence. The pattern exists because human nature never changes, regardless of the era or the locale. "
...in other words, the Pentagon is developing a program of high-tech cameras mounted on drones and other robots that monitor cities, which enable identification and discrimination between civilians and terrorists through machine learning computers.
The EB-5 program will not end well. It cannot be “fixed.” It is shot through with fraud. The honest course is for the SEC to admit that the program has mutated into a scam, even in ‘normal’ projects. The Chinese money should be returned to all investors who want it back.
"One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the "gold clause cases" of the 1930s, that episode holds valuable lessons for leaders today."
"...forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for food and rent. And that means that the economic collapse isn’t just 'coming'... It’s HERE."
"I think [Deputy Attorney General] Rod Rosenstein is trying to strike a balance here between defusing the situation and also protecting the rule of law and the institutional integrity of the department."
"...the trigger for a crisis could be anything if the system as a whole is unstable. Moreover, the size of the trigger event need not bear any relation to the systemic outcome. The lesson is that policymakers should be focused less on identifying potential triggers than on identifying signs of potential instability."