Events may show that there are no winners, only survivors and those who failed to adapt. Some recessions are brief, necessary cleansings in which extremes of leverage and speculation are unwound via painful defaults, reductions of risk and bear markets. Some are reactions to exogenous shocks such as war or pandemic. The uncertainty triggers a […]
Though “Irish” hypocrites preach that the world must “never again” let innocents like Ettie Steinberg die at the hands of monsters, they are the very monsters who perpetrate these crimes in Palestine, Syria, Yemen, and Ukraine. Irish Joe Biden’s song and dance performance in front of Israeli President Buzhi Herzog ranks as one of his […]
Price cutting is being replaced with price gouging, a substitution that consumers recognize as inflation.. Globalization was deflationary, Deglobalization is inflationary. The entire point of globalization is to 1) lower costs as a means of maximizing profits and 2) find markets for surplus domestic production. Both serve to export deflation as offshoring production keeps prices […]
Anger is erupting around the world, and people have much to be angry about. Covid, famine, energy shortages, inflation. “The greatest trick the devil ever pulled was convincing the world he didn’t exist.” This quote is attributed to the French author, philosopher and poet Charles Baudelaire from an article published in La Figro in 1864. […]
Now that globalization and financialization are finally unraveling, people are slowly awakening to the national security foundations of localizing production. What exactly is “the news” other than an inducement to passivity, despair and derangement? Since we exert zero control over what happens in distant lands and global economies, why waste time passively consuming “if it […]
Are 55 and older workers propping up the U.S. economy? The data is rather persuasive that the answer is yes. The chart of U.S. employment ages 25 to 54 years of age and 55 and older reveals a startling change. There are now 20 million more 55+ employed than there were in 2000, an equivalent […]
By Tom LUONGO My talk from June’s Ron Paul Institute Conference on Foreign Policy in Houston is below. (You will need to turn the volume up, because I can’t stand still) To be honest, I go back and forth in my thinking as to whether geopolitics is the seven-player game of Go I talk about here or […]
So what are conventional pundits missing today? I would start with three dynamics. Only old people experienced real recessions–those in 1973-74 and 1980-82. Recessions since then have been shorter and less systemic. In the good old days, a recession laid waste to entire industries which never recovered their previous employment. People who were laid off […]
Own your work. Don’t give it away or let others profit at your expense. Leverage it when opportunities arise. What can The Beatles teach us about management? Young readers may wonder why The Beatles still matter 52 years after the band broke up. It’s a fair question. There are many answers, but perhaps the obvious […]
Defaming journalism on the OPCW’s Syria cover-up scandal, The Guardian and its NATO-funded sources out themselves as the real “network of conspiracy theorists.” By Aaron MATÉ On June 10th, The Guardian’s Mark Townsend published an article headlined “Russia-backed network of Syria conspiracy theorists identified.” (“Russia-backed” has since been removed). The article is based on what Townsend calls a […]
