Guest Post Peter Wood
In this my last article I expand on subjects already touched on in previous articles and attempt to draw together the various strands of the socialist totalitarianism currently undermining Western democratic societies - liberation theology, ecology, eugenics, homosexuality, feminism and multiculturalism - all bound together by the tyrannical bonds of political correctness.
The Coming Totalitarian World Of The Power Elites And The Zombie Populations Which Make It Possible
From their places of honor in hell, Marx, Stalin and Mao Zedong must have been laughing, when on arrival in La Paz during his recent tour of South America, Pope Francis was presented with a wooden crucifix carved in the form of a hammer and sickle by Bolivian President Evo Morales. By having the cross formed into a hammer and sickle Morales was effectively replacing the Son of God as the savior of mankind with communism. One of the founders of liberation theology, Peruvian theologian Gustavo Gutierrez, praised the “new atmosphere” under the Italo-Argintine leader of the Catholic (Read More....)
. . . → Read More: Before We Can Capture The West We Must Capture The Culture
by MN Gordon
Stock markets across the planet gazed out across the economic landscape yesterday and vomited all over themselves. After that, they convulsed and dry heaved again and again. For the global economic disfiguration has grown so grotesque, so awesomely awful, that the collective stomach of world markets has wrenched into knots.
Japan and China started the great purge. In the land of the rising sun, the Nikkei 225 expelled 895 points. The Middle Kingdom followed this up with a remarkable feat…the Shanghai Composite Index projectile spewed 8.49 percent.
Unfortunately, the sickness spread to Europe and the United States. The German Dax gave up 4.7 percent and, in London, the FTSE gutted out 4.7 percent. The Dow followed this up with an initial 1,089 point freefall…before crawling its way back to just a 588 point discharge.
What’s next? No one quite knows, for sure. But something different is underway. Over the last six years there’s hardly been a notable stock market decline. Any short correction has been quickly overcome (Read More....)
. . . → Read More: All Bets Are Off
by MN Gordon
There have been many appeals to ignorance over the last several years with respect to the effectiveness of monetary policy. One popular tactic of policy goons is to point to an improved economic statistic – like unemployment – and self-adulate for maneuvering it down. The fading print media rarely questions these spurious claims.
But just because one action was taken doesn’t mean it was the cause of a later result. For correlation does not imply causation. Or, as the post hoc fallacy claims, “after this, therefore because of this”…post hoc ergo propter hoc.
“Gross domestic product has increased,” a policy conspirator may hold up as evidence of their handiwork, “therefore, quantitative easing must have worked.” Maybe so. Or maybe not. Without a control group, and all other things being equal, how can you really know if quantitative easing caused GDP to increase? You can’t.
One of the great vanities of our time is that government officials and academic bureaucrats control the economy. That, somehow, upon assuming (Read More....)
. . . → Read More: The Fed’s Edifice Crumbles Away
by MN Gordon
It is too bad that mobile devices don’t set off a signal before their users do something terminally stupid. Perhaps a warning alarm would help them change course. Rather than texting and walking in front of a city bus, the preoccupied mobile user would be signaled to look up before stepping off the curb.
Instead, mobile devices offer an intoxicating distraction. They actually entice people to do things they’d otherwise know better than. Add the glory of capturing a public jaw dropper real-time and instantly posting it to YouTube or Instagram and the opportunities for stupidity are endless.
Social network users don’t stand a chance. Take poor David Mellado Lopez. The man thought he was using his mobile phone to film something astounding early Sunday morning.
He was, no doubt, marveling at his footage of a motionless bull lying on the ground just before something even more astounding happened. In hindsight it would’ve been better to have stayed in bed that morning. (Read More....)
. . . → Read More: The Fatal Dangers of a Fading Bull Market Run
by MN Gordon
When a motor vehicle stalls out it is often because the engine has been overloaded. Parts and components have become worn down – or gummed up. Fuel and electrical systems misfire or no longer fire at all.
Sometimes all it takes is a quick and inexpensive fix to get things up and running again. Replacing the fuel filter or spark plugs is all that’s needed. Other times, like if the head gaskets are blown, the fix is expensive and tedious.
Just to replace the head gasket, the upper half of the engine must be removed and reassembled. But even that won’t solve the problem. To really fix things you need to repair what caused the head gaskets to blow in the first place.
Simply installing new gaskets will not fix the problem…they’ll just blow again. Understanding and fixing what’s making the engine overheat is also necessary. Yet, regrettably, it may be too late.
Severe engine damage may have already been done. In these instances, it’s more economical to (Read More....)
. . . → Read More: Are You Prepared for a Slow Growth Economy?
by MN Gordon
“Every man is a consumer, and ought to be a producer,” observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.”
These days Emerson’s critical insight has been tipped up on end. Producers and consumers alike are getting squeezed in a giant vise in the year 2015. Rising debts and declining wages are twisting the screws down and bulging out the eyeballs of the regular working stiff.
Indeed, Emerson didn’t have the unique opportunity to watch seven consecutive years of zero interest rate policy crimp and crumple the economy and financial system into an overburdened contrivance. If he had, he would have been appalled by the outcome. Has the disconnect between the stock market and the economy ever been greater?
Emerson lived in a day and age of honest money…devoid of central bankers. Printing money to buy bonds and stocks would have been met with a grimace. It would’ve been considered fraud and deception.
These days it’s (Read More....)
. . . → Read More: The Twisted Tale of Consumers and Producers
by MN Gordon
There’s a good ole fashioned market panic taking place in the Far East. Buyers of Chinese stocks have become scarcer than hen’s teeth. Even the highly visible hand of the Chinese government can’t arrest the freefall.
On Monday, for example, the Shanghai Composite Index collapsed nearly 9 percent. This was in the face of bans on selling shares and direct stock purchases by Beijing. Shrewd individuals sold despite the government’s outright threats and demands not to.
No matter how you look at it, government efforts to prop up the market are futile. They won’t fix the fundamental imbalances. Market distortions and malinvestments from years of cheap credit have pushed the market out of orbit. Total collapse is the only solution.
“The Chinese economic boom since the global financial crisis in 2008 has been fueled primarily by debt -- with total debt levels surpassing the United States,” (Read More....)
. . . → Read More: Deflation with a Capital D