I sincerely believe that banking establishments are more dangerous than standing armies – Thomas Jefferson Europe is failing. Europe’s leadership is preparing for war to cover their mistakes of the past fifty years and the people aren’t having it. Europeans don’t want war and to date, Russia has been unwilling to be provoked into a […]
Perceive that which cannot be seen with the eye – Miyamoto Musashi Globalism died in 2014 when the US shale fields became economically viable at scale but nobody realized it at the time. It was year the Eurodollar market began to get drained of dollars, partly due to horrible investments in emerging markets like China […]
The main purpose of the stock market is to make fools of as many men as possible – Bernard Baruch A friend of mine who worked just under the Cabinet level in the US government during his career once told me to never underestimate the power of the US government when fully mobilized towards a […]
Show me the incentive and I will show you the outcome – Charlie Munger The “terrorist industrial complex” is an insanely profitable system of parasitic rent extractors built up over at least 50 years. It creates massive frictional costs in energy, security, and governmental oversight and the people that profit from the complex don’t want […]
If you build it, they will come – popular idiom derived from “Field of Dreams” Fifteen years ago, the world was touting the success of China’s real estate boom. Pundits lauded the “Chinese Way” that allowed for rapid progress where similar projects would take years in the West. Western fund managers moved capital to China […]
The great questions of the day will not be settled by means of speeches and majority decisions but by iron and blood – Otto von Bismark Since I wrote the first part of this theme in late April, things have largely advanced like I expected including the current locations of important US warships designated for […]
It is possible to be a master in false philosophy, easier in fact, than to be a master in the truth, because a false philosophy can be made as simple and consistent as one pleases – George Santayana Having lived through the insanity surrounding Y2K and valuations based on “eyeballs”, I can say with complete […]
It ain’t over till it’s over – Yogi Berra I stopped paying attention to the soap-opera headlines in the Persian Gulf once the cease-fire started. The talking heads are having a field day dissecting each word, threat, extension, and cancelled meeting. While it’s true that the Iranian leadership is stalling for time, so too is […]
A jolt is necessary. Europe must reaffirm its values of freedom, solidarity, peace. The EU must be understood and controlled by its citizens. I will do everything to secure profound change rather than decline – Francois Hollande We’ve been hearing about the decline of the West for a few decades and the implicit assumption of […]
