I have been warning that the objective of modern government everywhere is to eliminate cash to ensure 100% tax collection. There is absolutely NO INTENT to return to a gold standard and give up the ability to borrow whatever they desire forever (as they see it). It is now coming out that France intends to […]

The numbers for Japan in December would imply on the surface that capital inflows took place rather than outflows yet the yen declined. There are serious problems with the way  governments track capital/trade flows. They do not actually monitor anything but cash movement. This is a throw back to the fixed exchange era when if […]

It was Cordell Hull (Sec. State 1933-1944), whose observations during the Great Depression led to his belief in the concept of Economic Security – defined as a liberal international economic system would in return increase the possibilities of postwar peace. This concept of Economic Security being linked to peace shaped the postwar economic and Bretton […]

Income tax was introduced in England in 1798 as a temporary measure to fight Napoleon. Have we defeated Napoleon yet? ————————————————————————— Anti EU feeling is very high in the UK – politicians have always shied away from a referendum because they know we want out and they fear that an attack the EU will ultimately […]

Senator Elizabeth Warren (D) of Massachusetts, actually asked regulators very pointed and appropriate questions that ONLY a Freshman would ask. TOO BIG TO FAIL really means TOO BIG TO PROSECUTE. She asked (1) why has no Wall Street Bank EVER been taken to trial where testimony would be revealing, and (2) why are the banks trading […]

The Pope’s resignation has  inspired many articles about how Popes have even been imprisoned. To set the record straight, the battle with the Papacy has usually been about money. Yes, many Popes have been put through the ringer and others have been appointed like the Manchurian Candidate to control the Papacy. So yes, there is […]