The cornerstone of the EU was to be the freedom of movement to create the United States of Europe. This became known as the Schengen Agreement to the create a borderless Europe signed on June 14th, 1985 between five of the then ten member states of the EU. It proposed the gradual abolition of border checks at the […]

Prime Minister Tony Abbott and Treasurer Joe Hockey  The Sydney Morning Herald has published a piece a reader has sent in from Downunder. The piece is all about how Australians have lost confidence in government. “Here’s what’s missing: trust. Not just between Abbott and his backbenchers, but also between Abbott and us. If anything,  the […]

  While I am a supporter of  MATT TAIBBI at the Rolling Stone, his take on the Pension Crisis is really off the mark. Taibbi focuses on the fees being paid to hedge funds as robbing state worker pension funds. What he fails to address is that the taxes are rising on the Middle Class to pay […]

A vital step in the shift of the Financial Capitol of the World moving from the West to the East, is becoming visible if you pay attention. Our model has revealed that the Financial Capitol of the World moves with the rise and fall of nations. China on the verge of becoming a net exporter […]

One item in my art collection is a Leroy Neiman work of the Chicago Futures Exchange. That last vestige of the swashbuckling era of commodities floor trading is closing down. While the decision is clearly a corporate bean-counter at the CME Group Inc. who has no idea about the art of trading, we are losing something […]

People like Stephen Hawking and Elon Musk are worried about what might happen as a result of advancements in AI. They’re concerned that robots could grow so intelligent that they could independently decide to exterminate humans. And if Hawking and Musk are fearful, does this mean you probably should be too? While no doubt interesing men, are they […]

The attempt to isolate Putin from the world club has failed. With oil prices collapsing, Putin must sure up domestic support and now needs a victory. He can easily blame the economic decline at home on the West’s sanctions. That was handed to him on a gold platter. Had the West not tried to sanction […]

  One does not have to be religious to find ancient texts that are curiously interesting advice with regard to history and economics. Of course the Ten Commandments states clearly that thou shalt not covet their neighbor’s goods. Yet, somehow “socialism” and “Marxism” is all about progressive taxation in every respect and taking from others […]

The border is closing rapidly. First it was FATCA hunting Americans with any assets overseas whatsoever. Now just two days after taking charge of the committee chairing the House Homeland Security subcommittee hearing, U.S. Rep. John Katko introduced two bills. He is looking to effectively close the borders using terrorism as the excuse as always to […]

In ancient times, whenever there was a rise in war or political uncertainty, the human reaction was to hoard money. The hoard of ancient Roman coins 3rd century we purchased for study from Britain years ago reflected coins of both the Roman Empire and the Gallic Empire. Even the debased coinage was being hoarded. This […]