The greatest threat we face is the political elite.They are typically failed lawyers and that training makes them believe they possess some magical power to write law and therein it shall be. The reason why we must crash and burn is linked directly to this very bad quality found at the core of the […]

Texas sent in a SWAT teams without any probable cause looking for anything they could trump up against The Garden of Eden community. The inhabitants had no drugs, weapons, or anything illegal. After handcuffing people, threatening them, all the police could do was arrest one person for a past-due traffic fine. They destroyed crops and […]

Monte dei Paschi shares were suspended twice throughout today. At one stage down 22% currently trading down 18%. Peripheral bond markets behaving themselves only Italian BTP’s were wider by 7bp’s. The European banking crisis is still in full bloom. What the ECB will not admit is that the design of the Euro lacking a single debt […]

The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative. Late on Friday, the IMF said it is introducing a floor of 0.05 percent for the interest rate on Special Drawing Rights, its own form of […]

The assumption of the hyperinflationists has been that governments will just print to meet their obligations. That theory is based upon revolutionary government who CANNOT SELL debt to anyone. In the case of the West, we issue debt and because of that, the first effort is to meet the demands of bond-holders. That is only […]

  We have a very serious problem with Hillary. I was asked years ago to review Hillary’s Commodity Trading to explain what went on. Effectively, they did trades and simply put winners in her account and the losers in her lawyer’s. This way she gets money that is laundered through the markets – something that […]

Politicians are just insane and Hungary illustrates how desperate governments can get. They are proposing to impose a new tax on Internet data transfers in the 2015 tax bill that was just submitted to parliament. This amazingly stupid move could devastate the Internet and telecoms providers as well. The draft tax code actually proposes a provision […]

In a speech this week, New York Federal Reserve Board President William Dudley addressed pervasive misconduct within the financial industry, refusing to dismissively lay the blame on a few bad apples. “The problems originate from the culture of the firms, and this culture is largely shaped by the firms’ leadership,” Dudley said. He offered some interesting suggestions on industry compensation practices, […]

Goldman Sachs and Blackstone are private equity investors buying up rental property in Madrid. About 13,000 household were told their rents would not increase. Now in a down market, when their renewals come due. they are told their rents will rise sharply or get out. Now a judge will decide who, if anyone, is to blame. […]

The attack inside the Canadian Parliament by a radicalized Muslim born in Montreal has sent shivers down the spin of Western governments in Europe and America based on inside sources. According to Royal Canadian Mounted Police (RCMP), the gunman had recently applied for a passport, planning to travel to Syria to join ISIS. He was Michael […]