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Sunday, 24 September

22:19

Who Is Blocking the Clinton Emails?, 1802 The Still Report

- Trade Genius Academy - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com Good evening, Im still reporting on: Who Is Blocking the Clinton Emails?, 1802 Synopsis: Tom Fitton, the head of Judicial Watch, just released his weekly update, but there are so many astonishing insider revelations that it had my head spinning. So, Ill break it up into two or more pieces. Here Fitton explains why he is still having to fight in court for every Clinton email disclosure. [insert] So thats the importance of the Democrats blocking all the new Trump appointees. Folks like Jeff Sessions are outnumbered in the Injustice Department by what a thousand to one. So I wonder how that works? Does AG Sessions put out a memo of an intended action and then ask for a vote within his department? [insert] In other words, when it comes to the Clintons 25-year reign in Washington, they are above the rule of law, and everyone who has protected them over the years is above the rule of law as well. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Trade Genius Academy - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo Code: bill still for 20% OFF Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill...

22:17

Judge Jeanine Rants On the NFL, 1803 The Still Report

Good morning, Im still reporting on: Judge Jeanine Rants On the NFL, 1803 Synopsis: Judge Jeanine just blasted the NFL in general and NFL Commissioner for lashing back at President Trump for criticizing the anti-American protesters among a handful of NFL players. [insert] Im still reporting from the one-time, free-speech capital of the world, good day. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo Code: bill still for 20% OFF Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a cherished sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/R-2db8m8hnc

22:15

Florida sticks it to their citizens and Apple fail (Video) The Daily Coin

Florida sticks it to their citizens and Apple fail Video The Daily Economist Ken Schortgen, Jr. Video Source

The post Florida sticks it to their citizens and Apple fail (Video) appeared first on The Daily Coin.

22:15

Newt: Frightened About the Future of Freedom, 1801 The Still Report

- Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 Good afternoon, Im still reporting on: Newt: Frightened About the Future of Freedom, 1801 Synopsis: Former Speaker of the House, Newt Gingrich, painted a dire picture last night on Hannity that every American needs to hear. America the hope of freedom for the world - is under direct assault by a globalist criminal cartel - known loosely as the Deep State - that has seized control of the levers of power and is determined to impose a two-tiered, tyrannical justice system from which this nation may never escape. [insert] Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo Code: bill still for 20% OFF Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/bills...

21:45

5.5 Million Ounces of Gold with an Economy in Decline: Patrick Donnelly The Daily Coin

5.5 Million Ounces of Gold with an Economy in Decline: Patrick Donnelly

5.5 Million Ounces of Gold with an Economy in Decline: Patrick Donnelly by Rory The Daily Coin Patrick Donnelly, President First Mining Finance, has a unique perspective of the economy. He lives in Canada, spends a lot of time in...

The post 5.5 Million Ounces of Gold with an Economy in Decline: Patrick Donnelly appeared first on The Daily Coin.

21:30

10 Sunday Reads The Big Picture

My easy like Sunday morning reads:  Investors Seeking Green Assets Make Companies (Somewhat) Cleaner (Bloomberg)  Norways sovereign-wealth fund passes the $1trn mark (The Economist)  Wall Streets Newest Puzzle: What Passive Buying and Selling Means for Individual Stocks (Wall Street Journal)  Market Pullbacks Since 2009 & Greenspan 1994 Comparison (Big Trends)  Social Proof in the Markets (A Wealth of Common Sense)

Read More

The post 10 Sunday Reads appeared first on The Big Picture.

...

21:15

In the Murk The Daily Coin

In the Murk by James Howard Kunstler Welcome to Americas first experiment in the World Made By Hand lifestyle. Where else is it going? Watch closely. Ricardo Ramos, the director of the beleaguered, government-owned Puerto Rico Electric Power Authority, told...

The post In the Murk appeared first on The Daily Coin.

20:45

Markets Ross Clark. China, US Fed Jim Rogers. Canada Taxes Danielle Park. ABN.V, CCD.V, AMY.V (Video) The Daily Coin

Markets Ross Clark. China, US Fed Jim Rogers. Canada Taxes Danielle Park. ABN.V, CCD.V, AMY.V Video Talk Digital Network Ross Clark Markets, Seasonal Bump email: ross.carl@cibc.ca Jim Rogers China, US Fed. Guests website: http://www.jimrogers.com/...

The post Markets Ross Clark. China, US Fed Jim Rogers. Canada Taxes Danielle Park. ABN.V, CCD.V, AMY.V (Video) appeared first on The Daily Coin.

20:15

China Just Handed Us a Bitcoin Buying Opportunity The Daily Coin

China Just Handed Us a Bitcoin Buying Opportunity by Justin Spittler Casey Research Justins note: Today, Palm Beach Letter analyst Greg Wilson explains why China is going to be a massive force in the growth of bitcoin and cryptocurrencies....

The post China Just Handed Us a Bitcoin Buying Opportunity appeared first on The Daily Coin.

19:45

European Banking Crisis The Daily Coin

European Banking Crisis by Martin Armstrong Armstrong Economics Perhaps this period will be looked back upon ass the Draghi Deflation. After nearly 10 years of this failed policy, the European banking industry is contracting on every possible level. The...

The post European Banking Crisis appeared first on The Daily Coin.

19:30

Debt Rattle September 24 2017 The Automatic Earth

Elliott Erwitt Gateway Center Demolition Area Pittsburgh 1950   All The Bubbles That Are About To Pop In One Chart (Dillian) Americas $20 Trillion Debt In Global Context (HowMuch) Accounting Error Spells Chaos For Global Economy (Graeber) The American Golden Calf (PL) Boobs on Credit (Jim Quinn) Bernanke Past

The post Debt Rattle September 24 2017 appeared first on The Automatic Earth.

19:30

CIA files on Lee Harvey Oswald set to be released in October have gone missing Hang The Bankers

Countless concerned individuals are still searching for answers surrounding the mysterious death of the 35th president of the United States, John F. Kennedy. The official narrative, that a lone former Marine named Harvey Oswald assassinated him, is widely disputed. All available documents from all government entities are required by the Kennedy Assassination Records Collection Act

19:13

Morgan Freeman used in later war propaganda video against Russia Hang The Bankers

Morgan Freemans latest publicly stunt permanently stained his legacy after the famous actor decided to join the fake news industry by passing off a blockbuster script as a true story. Morgan Freeman declared in his latest two-minute video that We have been attacked. We are at war, but hes wrong in saying that Americans have been victimized by Russia, but should have rather

18:09

UN peacekeepers in Congo hold record for rape and sex abuse, over 700 cases Hang The Bankers

She had been orphaned by a brutal conflict, but the 14-year-old Congolese girl found refuge in a camp protected by United Nations peacekeepers. The camp should have been safe the day she was raped. A delegation from the U.N. was paying a visit, and her grandmother had left her in charge of her siblings. That

17:43

Facebook admits it works with government, as efforts to blame Russia for everything intensify Hang The Bankers

US President Donald Trump has accused the media of bias over a continuing Russia hoax. The statement comes on the heels of a Facebook investigation into alleged Russia-linked ads on the social network during the 2016 presidential campaign. The Russia hoax continues, now its ads on Facebook, Trump tweeted on Friday. What about the totally biased and

17:25

Taxcast: Hurricanes, Disaster Capitalism, Bitcoin and Over-Reliance on Unhelpful Economic Measures naked capitalism

On Tax Justice Network's Taxcast, John Christensen and Daniel Mugge weigh in on hurricanes, tax havens, and disaster capitalism.

16:31

No foreign intervention President Trump bombs Afghanistan over 500 times last month Hang The Bankers

Even before President Trump made his late-August speech announcing the escalation of the Afghan War, the war has been dramatically escalating by several metrics. Today, Central Command issued new figures underscoring that with respect to airstrikes in Afghanistan. In the month of August, the US Air Force dropped more than 500 bombs in Afghanistan, which officials

16:30

George Will covers *The Complacent Class* Marginal REVOLUTION

Here is one paragraph:

Although America is said to be and many Americans are seething about economic grievances, Tyler Cowen thinks a bigger problem is complacency. In his latest book, The Complacent Class: The Self-Defeating Quest for the American Dream, Cowen, professor of almost everything (economics, law, literature) at George Mason University and co-author of the Marginal Revolution blog, argues that the complacent class, although a minority, is skillful at entrenching itself in ways detrimental to the majority.

Here is the whole review.

The post George Will covers *The Complacent Class* appeared first on Marginal REVOLUTION.

15:25

The Biggest Deadline For Our Campaign So Far Is In 7 Days, And I Am Praying For A $25,000 Miracle The Economic Collapse

I really need your help.  As most of you already know, I am running for Congress in Idahos first congressional district, and because there is no incumbent the race is totally wide open.  I announced that I was running on July 4th, and so September 30th is my very first FEC quarterly reporting deadline.  All over the country, prominent Republican donors and key conservative organizations will be judging the strength of my campaign based on how much money I raise this quarter.  If I dont raise enough, I risk losing national support that I otherwise could have received.  And even though hundreds of people have been donating from all over the country, we are lagging behind where we need to be, and so I am praying for a $25,000 miracle over the next seven days.  If you would like to help this miracle become a reality, you can contribute at this link

https://www.michaelsnyderforcongress.com/contribute.html

Over the next week, I will be meeting with some of the most influential conservatives in the entire state of Idaho.  I will post new articles when I can, but because my schedule is going to be absolutely packed this week it will be tough to get something new posted every day.

As I travel around the state and meet with top conservatives, there are certain points that virtually everyone agrees upon

-I am the most conservative candidate in this race by a wide margin.

-I have the best message of any of the candidates, and it isnt even close.

-My team is extremely effective at getting my message to the voters.

-If we can get that message out to every voter in this district the way that we need to, we will win this election.

-The major thing that could keep us from winning the election is a lack of resources.

Because we have the best message, we dont have to raise more money than the other guys.

But we do have to...

15:01

Solve for the Italian-Libyan equilibrium Marginal REVOLUTION

Failing to stem the tide of refugees arriving Europe, Italy and the rest of the European Union have agreed to pay Libyas Government of National Accord (GNA), the UN-backed interim government that is struggling hold control of the country, to keep them from arriving in Italy and instead put them into detention camps in Libya.

The accord signed Feb. 3, provides for Italy to pay 220 million ($236 million) to the Libyan coastal guard and provide training to help them catch the vesselsprimarily rubber dinghies. The Libyan coast guard will be charged with sending the boats back to Libya and putting people into camps. The political instability of Libya is such that there would be little guarantee of the conditions in which the migrants would be kept, according to Arjan Hehenkamp, general director of Mdicins Sans Frontires (MSF).

Here is one story.  In Libya they understand the Coase theorem:

A security source in Libya spoke to Associated Press late last month saying: Yesterdays traffickers are todays anti-trafficking force.

I believe the size of the Coasean payments will rise.  If Libya is paid to halt migrants, and finds this a satisfactory or indeed even profitable arrangement, they also will act toboost the supply of potential migrants.  Producing potential migrants will at some point become one of their more significant economic sectors.  And the larger the number of bottled up would-be migrants, the more Italy and/or the EU will pay to stop them.

Yet what is Italy otherwise to do?  I find it striking how underreported this story has been.

The post Solve for the Italian-Libyan equilibrium appeared first on Marginal REVOLUTION.

14:15

Is Long Beach, CA A Free Standing H-Bomb? The Daily Coin

Is Long Beach, CA A Free Standing H-Bomb? by Stefan Stanford All News Pipeline An Unimaginable Firestorm With The Possibility Of Millions Dead MSM Globalist Mouthpiece Puts Out Story Titled How To Survive The Apocalypse In the new...

The post Is Long Beach, CA A Free Standing H-Bomb? appeared first on The Daily Coin.

13:47

[KR1127] Keiser Report: China Effect on Oil & Bitcoin Markets Max Keiser and Stacy Herbert

In this episode of the Keiser Report, Max and Stacy discuss the China Effect on oil and bitcoin markets. In the second half, Max interviews Chris Blasi of the PMC Ounce. They debate whether or not bitcoin is the new gold. Chris argues only gold is gold but that bitcoin is an interesting new financial asset.

13:45

Indian Silver Imports May be Curbed By New Know Your Client Rules (Video) The Daily Coin

Indian Silver Imports May be Curbed By New Know Your Client Rules Video smaulgld Video Source

The post Indian Silver Imports May be Curbed By New Know Your Client Rules (Video) appeared first on The Daily Coin.

13:15

Understanding The Battle Between The Deep State And One Nation Under God The Daily Coin

Understanding The Battle Between The Deep State And One Nation Under God by Ruby Henley IWB The Holy War Within The United States Of America If you believe a war is being waged against President Donald Trump and...

The post Understanding The Battle Between The Deep State And One Nation Under God appeared first on The Daily Coin.

12:45

Gerald Celente Will Rising Interest Rates End Market Rally? (Video) The Daily Coin

Gerald Celente Will Rising Interest Rates End Market Rally? Video Video Source

The post Gerald Celente Will Rising Interest Rates End Market Rally? (Video) appeared first on The Daily Coin.

12:15

LAVROV: Russia will not allow a partition of the Syrian Arab Republic The Daily Coin

LAVROV: Russia will not allow a partition of the Syrian Arab Republic by Adam Garrie The Duran Russian Foreign Minister Sergey Lavrov has addressed journalists at the UN in a wide ranging press conference. Russias Foreign Minister Sergey Lavrov...

The post LAVROV: Russia will not allow a partition of the Syrian Arab Republic appeared first on The Daily Coin.

11:45

Hackers Are Getting Personal: 4 Ways Every Person Using a Cell Phone or Computer Is at Risk The Daily Coin

Hackers Are Getting Personal: 4 Ways Every Person Using a Cell Phone or Computer Is at Risk by Daisy Luther The Organic Prepper This Week in the News Cyber-criminals are no longer just striking huge targets. Theyre going after average...

The post Hackers Are Getting Personal: 4 Ways Every Person Using a Cell Phone or Computer Is at Risk appeared first on The Daily Coin.

11:15

Blockchain And Open Source Technology Will Change The World Ameer Rosic (Video) The Daily Coin

Blockchain And Open Source Technology Will Change The World Ameer Rosic Video Future Money Trends Ameer Rosic of Blockgeeks.com joins us and shares his knowledge on the Blockchain space, we uncover the differences between Bitcoin and Ethereum and...

The post Blockchain And Open Source Technology Will Change The World Ameer Rosic (Video) appeared first on The Daily Coin.

10:45

Wandering The Wasteland After The Collapse The Daily Coin

Wandering The Wasteland After The Collapse by Bruce Buckshot Hemming The Survivalist Blog I was reading another survival blog when the age-old Semi versus Bolt gun argument came up.Our character is out wandering around after the Apocalypse ( Wastelands: Stories...

The post Wandering The Wasteland After The Collapse appeared first on The Daily Coin.

10:30

Ready Player One The Big Picture

I read Ernest Clines first novel Ready Player One entirely on a flight back from Europe. It was the first fiction book I have gotten my hands on in 2 years, and I really enjoyed it. I am looking forward to the Spielberg directed movie, coming March 30, 2018.     Ready Player One Official Trailer

Read More

The post Ready Player One appeared first on The Big Picture.

10:30

Credit Card Tips You Might Have Overlooked Hang The Bankers

When it comes to credit cards, most everyone knows the basics. Keep your balance well within your limits, use your card in conjunction with your budget, plan for the big stufftheyre all common sense credit card rules that come as second nature to most anyone with a credit history. There are some facets of the

10:15

A Bitter Winter for U.S. Stocks The Daily Coin

A Bitter Winter for U.S. Stocks by Bill Bonner Bonner and Partners Its autumn already. A heavy fog covers the farm this morning, the first this year. September can be beautiful here. Not yet cold. But no longer hot....

The post A Bitter Winter for U.S. Stocks appeared first on The Daily Coin.

09:45

Is Silver Solely an Industrial Metal? Myths About Silver #2 (Video) The Daily Coin

Is Silver Solely an Industrial Metal? Myths About Silver #2 Video Silver Fortune Silver has been used as money and as a store of wealth for thousands of years. That wont change anytime soon. Video Source

The post Is Silver Solely an Industrial Metal? Myths About Silver #2 (Video) appeared first on The Daily Coin.

09:15

The war between de-centralized cryptocurrencies and sovereign governments may be about to get underway The Daily Coin

The war between de-centralized cryptocurrencies and sovereign governments may be about to get underway by Ken Schortgen, Jr. The Daily Economist Up until now most governments have treated cryptocurrencies as little more than a nuisance as their market cap has...

The post The war between de-centralized cryptocurrencies and sovereign governments may be about to get underway appeared first on The Daily Coin.

09:07

Fame and Longing Stories by umair haque on Medium

Love and Authenticity

Nazreen asked me on Twitter: dont you want to be more famous? Isnt that everyones goal? Funnily, her question reminded me of an essay Ive been meaning to write.

You know, Ive had it, in spades. More fame than I ever wanted, needed, or should have hadbut I didnt know that yet. Let me tell you the story.

One day, a few years back, I went on my daily rounds, which means standing in a square, sipping coffee, and smoking half a pack of cigarettes (sorry, but its glorious), which is what writing really is. So there I was, walking down 26th street, and someone stopped me. Umair! Im a big fan of yours!. I thanked them kindly. I went to the post office, to mail something. And there was a young guy there, who looked at me and said, Hey! I love your writing, man! I cant believe Im meeting you!.

And I remember thinking at precisely that moment. Whoa. Im famous. Theres fame and then theres fame. Movie-star-cant-leave-the-house-fame, and then this littler sort of fame. For me, an intellectual, a minority, an author, a nobody, basically, thats about as famous as you can get. Especially considering I was just thirty five or so.

Id just fallen in love in those days. For the first time. Just like theres fame and theres fame, theres love and then theres love. This was true love. Not infatuation, sex, desire, appreciation. But heart-bursting and life-giving love, that tore me wide open. And I remember thinking that night, just cozily relaxing in my little apartment with my girlfriend, what happened today was all wrong. It doesnt feel right. This does.

But I couldnt quite say what the disconnect was. The scene repeated itself. The rounds, the walk, the sightings, the wrongness. And the more wrong I felt, the less I could say why. So I went to a therapist. He said that I had Imposter Syndrome. I laughed. I went to another therapist. He said I was depressed. I said: what else is new. I asked my parents. They said: you havent accomplished enough in life yet. I frowned.

I hadnt learned then that the answer is always in the question. The question. What is fame, anyways? I could say that fame is a battle, a lie, a thief that corrodes you from the inside, stealing away all your empathy and kindness and grace. And all thats true (just look around). But I think that theres a truer price. Fame is a calculation. And that is why to anyone who knows deep inside that their heartbreak contains their possibility, fame probably feels wrong.

Were all born with a longing. In each and every one of us, questions surge. Why am I here? Whats the point of all this? Where was I born, and where will I go? What will my life mean? We spend our days furiously trying to pretend that were not furiously trying to answer these great questions. Hi...

08:45

A Message from President Trump (Video) The Daily Coin

A Message from President Trump Video via Mark Dice President Trump has a message for the American people you wont see on any news network. Video Source

The post A Message from President Trump (Video) appeared first on The Daily Coin.

08:15

Russia Continues To Take a Wrecking Ball To The US Dollar The Daily Coin

Russia Continues To Take a Wrecking Ball To The US Dollar by London Paul Rogue Money Nuff Said. But the Banksters will fail and fail big. They already are members of the insolvent club. https://t.co/kJCkQbEvRe ROGUE MONEY (@theroguemoney)...

The post Russia Continues To Take a Wrecking Ball To The US Dollar appeared first on The Daily Coin.

07:45

Theresa Mays European Policy The Daily Coin

Theresa Mays European Policy by Matthew Jamison Strategic-Culture The British Prime Minister Theresa May is set to make a historic speech on the post-Exit relationship between the UK and EU. Of all the places to make such an important and profound...

The post Theresa Mays European Policy appeared first on The Daily Coin.

07:15

Max Keiser & Chris Blasi: China Effect on Oil & Bitcoin Markets (Video) The Daily Coin

China Effect on Oil & Bitcoin Markets Video RT In this episode of the Keiser Report, Max and Stacy discuss the China Effect on oil and bitcoin markets. In the second half, Max interviews Chris Blasi of the PMC...

The post Max Keiser & Chris Blasi: China Effect on Oil & Bitcoin Markets (Video) appeared first on The Daily Coin.

06:45

The Elites Are Privately Warning about a Crash The Daily Coin

The Elites Are Privately Warning about a Crash by Jim Rickards Daily Reckoning Many everyday citizens assume powerful global financial elites operate behind closed doors in secret conclaves, like the scene of a Spectre board meeting in the recent...

The post The Elites Are Privately Warning about a Crash appeared first on The Daily Coin.

06:30

This Is Your Brain On Art The Big Picture

This is worth clicking through its very interesting   Click for the full presentation. Source: Washington Post

The post This Is Your Brain On Art appeared first on The Big Picture.

06:15

Congress Passed a Bill to Deport Suspected Gang Members Theres Just One Problem The Daily Coin

Congress Passed a Bill to Deport Suspected Gang Members Theres Just One Problem by Sarah Cronin  The Anti-Media Washington, D.C.  Last week the House passed a bill to expand the governments ability to deport immigrants on the basis of alleged...

The post Congress Passed a Bill to Deport Suspected Gang Members Theres Just One Problem appeared first on The Daily Coin.

05:45

In Gold We Trust. Gold In Front Of A Break Out? (Video) The Daily Coin

In Gold We Trust. Gold In Front Of A Break Out? Video Dukascopy TV (EN) Gold in front of a break out? Ronald Stferle, Incrementum AG. Video Source

The post In Gold We Trust. Gold In Front Of A Break Out? (Video) appeared first on The Daily Coin.

05:15

Nuclear Strike Imminent? The Daily Coin

Nuclear Strike Imminent? by Jason Simpkins  Outsider Club apan thinks so. Its moving missile batteries into a flight path with North Korea a move that suggests Japanese forces are planning to shoot down Kim Jong-uns next missile. Chinas army is...

The post Nuclear Strike Imminent? appeared first on The Daily Coin.

04:45

The UN and the Monster in the Room The Daily Coin

The UN and the Monster in the Room by Peter Koenig The Saker There are no words, other than Monster, not even human monster, that can describe Trumps appearance before the UN General Assembly last Tuesday, 19 September. Its...

The post The UN and the Monster in the Room appeared first on The Daily Coin.

04:25

Planet of Introverts naked capitalism

Notes on Ursula Le Guin's "Solitude," introversion, politics, and class.

04:23

Intellectual fallout from the likely failure of Graham-Cassidy Marginal REVOLUTION

1. The Democrats were debating single payer while this bill, which they dread, nearly passed (and still has some chance of passing).  This was not a random mistake, rather it reflects a more general tendency of the Democratic Party to focus on the wrong kind of expressive values, in a manner which does not seem remediable.  We need to re-model what they are, and build this kind of un-educability into the new model.

2. One lesson of Graham-Cassidy failure is that American health care, at the state level, is a race to the bottom not to the top.  Recall that the Canadian health care system also leaves key decisions to the provinces + block grants, but American Progressives love the results.  Most observers know the American states would not copy the Canadian provinces in their policies, and it is not only because fiscal equalization is weaker to the south.  The reality is that spending much more on health care would not make most American states much more desirable places for most people to live in.  If it did, Graham-Cassidy would be a better idea than in fact it is and a race to the top would ensue.  Better health care would brighten up states all around, attract more population, and increase the revenue going into governors coffers.

Democrats and Republicans both find this inadequacy of state-level outcomes difficult to accept, though for opposing reasons.  Democrats hate having to recognize that all the extra health care spending might be mainly redistribution rather than remedying a market failure or providing a broad-based social public good.  Republicans hate to see that giving states control over health care policy, and allowing them to revise Obamacare, wont improve those states and probably would make most of them worse.

Of course my points #1 and #2 relate.  I agree Graham-Cassidy is a bad idea, but every time I hear the critics say it is heartless, or would take away peoples health insurance, or kill people, what I really hear is If we let everyone vote again on Obamacare, with a real time balanced budget constraint, they wouldnt vote for nearly as much health care next time around.

Which is why you should not be obsessing over single-payer systems.

Across the board, pondering Graham-Cassidy, including its failure, should make you more pessimistic about economic and social processes.

The post Intellectual fallout from the likely failure of Graham-Cassidy appeared first on Marginal REVOLUTION.

04:15

Luke Rudkowski on Corporatocracy, Censorship and Consciousness (Video) The Daily Coin

Luke Rudkowski on Corporatocracy, Censorship and Consciousness Video The Dollar Vigilante Luke is back! Jeff interviews Luke Rudkowski in Anarchapulco, topics include: mass media mind control, artificial intelligence one of the biggest threats to civilization, corporatocracy vs government, limited...

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03:45

Youre Likely A Lot Less Prepared For Crisis Than You Realize The Daily Coin

Youre Likely A Lot Less Prepared For Crisis Than You Realize by Chris Martenson Peak Prosperity Lessons from the recent rash of natural disasters It seems as if Mother Nature is waking up. Either shes trying to send humans an...

The post Youre Likely A Lot Less Prepared For Crisis Than You Realize appeared first on The Daily Coin.

03:15

A US Trade War With China Will End US Monopoly on Global Financial System The Daily Coin

A US Trade War With China Will End US Monopoly on Global Financial System from Lew Rockwell If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries...

The post A US Trade War With China Will End US Monopoly on Global Financial System appeared first on The Daily Coin.

02:56

Saturday assorted links Marginal REVOLUTION

1. Globally more and more men and women are stepping away from clinical (medical) sperm donation environments and choosing to find each other through online connection websites such as the UK-based PrideAngel through which we conducted our study, said Mr Whyte, from the QUT Business School.  Link here.

2. Does linguistic bias limit English-speaking investment into Quebec?

3. Have I mentioned that Sixthtone.com is a great place to read about China?  And on Twitter.

4. Cops should get more sleep.

5. How a (John Cochrane) paper gets published.

The post Saturday assorted links appeared first on Marginal REVOLUTION.

02:50

Mining For Happiness On The People Farm (Video) The Daily Coin

Mining For Happiness On The People Farm Video The Crow House The illusion of freedom will continue for as long as its profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they...

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02:25

For the record: No, the world isnt ending this Saturday The Daily Coin

For the record: No, the world isnt ending this Saturday by: Mike Adams  Natural News Despite the popular predictions of some prophecy-minded groups, the world isnt ending this Saturday. I fully realize many people will be seriously disappointed by such a...

The post For the record: No, the world isnt ending this Saturday appeared first on The Daily Coin.

02:00

Iran Test-Fires New Ballistic Missile With Range of 1,200 Miles Reports The Daily Coin

Iran Test-Fires New Ballistic Missile With Range of 1,200 Miles Reports from Sputnik News According to the Press TV broadcaster, Iran successfully tested a new ballistic missile Khorramshahr that had been shown at a military parade the day before....

The post Iran Test-Fires New Ballistic Missile With Range of 1,200 Miles Reports appeared first on The Daily Coin.

01:58

Daily Digest 9/23 - America's Opioid Problem, How Heat Kills Farmworkers Peak Prosperity

Daily Digest 9/23 - America's Opioid Problem, How Heat Kills Farmworkers
  • Safety Becomes Stigma as Leveraged Loans Cut Out Covenants
  • Latest Senate Health Care Bill Revives Age Tax for Older Americans
  • The Gibs Singularity
  • Dirty Laundry: An Investigation
  • Americas huge problem with opioid prescribing, in one quote
  • How Heat Kills Farmworkers
  • Communication lines down in Puerto Rico as officials rush to evacuate residents
  • Mosquitoes carrying deadly diseases could invade 75% of America, warns US government

Join the conversation

01:35

Yanis Varoufakis Perspectives of Democracy & the German Election (Deutsch & English) Video The Daily Coin

Yanis Varoufakis Perspectives of Democracy & the German Election (Deutsch & English) Video AcTVism Munich ENG: In this video, former finance minister of Greece and founder of the Democracy in Europe Movement 2025, Yanis Varoufakis, provides his perspective...

The post Yanis Varoufakis Perspectives of Democracy & the German Election (Deutsch & English) Video appeared first on The Daily Coin.

01:10

The Killing of History The Daily Coin

The Killing of History by John Pilger Information Clearing House One of the most hyped events of American television, The Vietnam War, has started on the PBS network. The directors are Ken Burns and Lynn Novick. Acclaimed for his...

The post The Killing of History appeared first on The Daily Coin.

00:45

America Is Going Broke and Nobody Cares The Daily Coin

America Is Going Broke and Nobody Cares by Bill Bonner Daily Reckoning Last week, the plot did not so much thicken as congeal. Theres no changing it now the cameras are rolling the costumes are on and everyone...

The post America Is Going Broke and Nobody Cares appeared first on The Daily Coin.

00:20

The Morgan Reports Weekly Perspective 092217 (Video) The Daily Coin

The Morgan Reports Weekly Perspective 092217 Video David Morgan The Morgan Reports Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free...

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Saturday, 23 September

23:55

James Turk After The 2-Week Takedown In Gold And Silver, Here Is The Big Surprise Audio Interview The Daily Coin

James Turk After The 2-Week Takedown In Gold And Silver, Here Is The Big Surprise Audio Interview King World News TDC Note Look for our interview with James Turk to be released on Tuesday September 26. ####...

The post James Turk After The 2-Week Takedown In Gold And Silver, Here Is The Big Surprise Audio Interview appeared first on The Daily Coin.

23:30

Conglomeration of Currencies The Daily Coin

Conglomeration of Currencies by Chris Powell GATA Dear Friend of GATA and Gold: The U.S. dollar is not likely to be displaced as the world reserve currency by another countrys currency, financial writer Charles Hugh Smith argues this week,...

The post Conglomeration of Currencies appeared first on The Daily Coin.

23:30

MiB: Matthew Rothman on Quant 3.0 The Big Picture

Matthew Rothman is the head of Global Quantitative Equity Research at Credit Suisse as well as a Senior Lecturer in Finance at the MIT Sloan School of Management.  He was hired a few years before the financial crisis hit to be global head of Quantitative Research at Lehman Brothers (and then Barclays Capital, post Lehman

Read More

The post MiB: Matthew Rothman on Quant 3.0 appeared first on The Big Picture.

...

23:05

Craig Hemke & Eric Sprott Weekly Wrap-Up with Eric Sprott (Podcast) The Daily Coin

Craig Hemke & Eric Sprott

Craig Hemke & Eric Sprott Weekly Wrap-Up with Eric Sprott Podcast Hear Eric Sprott discuss the reaction to this weeks Fed meeting and the impact on gold and silver prices.

The post Craig Hemke & Eric Sprott Weekly Wrap-Up with Eric Sprott (Podcast) appeared first on The Daily Coin.

23:03

10 Weekend Reads The Big Picture

The weekend is here! Pour yourself a mug of French Press coffee, grab a seat on the bow, and get ready for our longer form weekend reads:  This former hedge fund guy is a one-man nonprofit investigating some of Americas shadiest companies (Nieman Lab)  HGTV Is a Never-ending Fantasy Loop. Look Deeper, and It Gets Pretty Ugly. (Vulture)  How a

Read More

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22:51

Ta-Nehisi Coates and the Limited Art of Interpretation naked capitalism

Why is the brilliant Ta-Nehisi Coates not as persuasive as you'd expect?

22:39

Fed Spooks Metals Markets; Governments Attack Bitcoin (Podcast) The Daily Coin

Fed Spooks Metals Markets; Governments Attack Bitcoin Podcast Money Metals Coming up well here part two of an interview Money Metals president Stefan Gleason did with Alan James on the Sustainable Money Podcast. Stefan gives some more advice on...

The post Fed Spooks Metals Markets; Governments Attack Bitcoin (Podcast) appeared first on The Daily Coin.

22:15

David Kranzler, Eric Dubin: Will the Fed Collapse the System? (Video) The Daily Coin

David Kranzler, Eric Dubin: Will the Fed Collapse the System? Video Silver Doctors Fund Manager David Kranzler tells Silver Doctors the Fed cannot normalize its balance sheet without crashing the system. In this SD Weekly Metals & Markets, David...

The post David Kranzler, Eric Dubin: Will the Fed Collapse the System? (Video) appeared first on The Daily Coin.

21:45

Doug Casey on Why Bitcoin Could Hit $50,000 The Daily Coin

Doug Casey on Why Bitcoin Could Hit $50,000 by Justin Spittler Casey Research Justins note: Yesterday, I shared a brand-new interview with Doug Casey. In it, Doug explained why Bitcoin is money, and why the market for cryptocurrencies is about to...

The post Doug Casey on Why Bitcoin Could Hit $50,000 appeared first on The Daily Coin.

21:15

Time To Lay Low The Daily Coin

Time To Lay Low by Turd Ferguson TFMetals Report Even though weve tried to warn and prepare, none of that makes the inevitable Spec wash-and-rinse any easier to watch. At the end of the day, it just is what...

The post Time To Lay Low appeared first on The Daily Coin.

20:45

The Collapse of South Africa | Dan Roodt and Stefan Molyneux (Video) The Daily Coin

The Collapse of South Africa | Dan Roodt and Stefan Molyneux Video The mere mention of South Africa in a discussion provokes deep images of institutional racism, discrimination and horrific violence. Stefan Molyneux is joined by Dan Roodt for a...

The post The Collapse of South Africa | Dan Roodt and Stefan Molyneux (Video) appeared first on The Daily Coin.

20:30

Turbulent Times in Quant Land The Big Picture

This weeks MiB is with Matthew Rothman, currently head of Global Quantitative Equity Research at Credit Suisse, and Senior Lecturer in Finance at the MIT Sloan School of Management. Not too long before the Great Financial Crisis began, he was hired as global head of Quantitative Research at Lehman Brothers. In the midst of the

Read More

The post Turbulent Times in Quant Land appeared first on The Big Picture.

...

20:17

For Labour, its all about what you say Resolution Foundation

Labour members heading to Brighton this weekend will be a historical anomaly. Because they will be perky. That isnt the word youd normally associate with Labour party members on the eve of party conference for the last decade. Depressed, occasionally. Determined, often. But perky? No.

And fair enough. Just 15 weeks ago they learnt that the British public had revived their partys chance of forming a government rather than relegating them to the fringes of politics, with a 40% vote share, only achieved on two other occasions since 1970. Far from massive losses the party saw a net gain of 30 seats. They might have been near a million votes off winning the election. But when everyone tells you your team is certain to be relegated and then they squeeze into a Europa League spot, perky is the least you feel justified in being.

In hindsight maybe the surprise shouldnt have been quite so surprising. Only once since 1918 has a party that has been in government for as long as the Conservatives have since 2010 not lost seats in an election. Theresa May might have taken some comfort from the fact that Harold Macmillan, then like her a (reasonably) new PM, had bucked the seat losing trend back in 1959. But that was the era of youve never had it so good. Ten years on from the financial crisis, amidst the weakest decade for wage growth since the Napoleonic wars, and with years of spending cuts both behind and ahead of us, it would take a brave politician to repeat that phrase today.

Indeed, on the narrow following of both the political and economic cycles, the normal result should have been a Labour victory on 8 June. Obviously the economic legacy of the crash, challenging internal party politics and Brexit complicated the situation. But perky activists heading to Brighton should still pause to consider how a government with all the headwinds above returned to office.

Rightly much of the election post-mortem has focused on the starkest age divide in British political history, as the young voted overwhelmingly for Labour while the over 65s backed the Conservatives by more than two to one. Even his most ardent critics acknowledge that Jeremy Corbyn has done a good thing for politics by playing a part in encouraging the young to vote. This new generational divide has left the Conservatives understandably panicked that they have lost support of voters who are, for reasons of longevity, more likely to be voting in the years ahead.

Debates about how this has happened (clues include rapidly falling home ownership rates amongst the young, who have also suffered by far the deepest pay squeeze and biggest student debt) and what they can do about it rightly concern the Conservatives so much theyve taken to discussing it on haystacks at festivals.

But then there is the issue of class. Some have concluded from the fact that differences in party vote shares by social class have narrowed that it isnt a big story of the 2...

20:15

Defiant Catalans Block Spains Military Boats From Landing; Spain Seizes .CAT Domain The Daily Coin

Defiant Catalans Block Spains Military Boats From Landing; Spain Seizes .CAT Domain by Mike Shedlock MishTalk Spains plan to send boatloads of military police to Catalonia to prevent its independence referendum have backfired with dockers in two ports staging...

The post Defiant Catalans Block Spains Military Boats From Landing; Spain Seizes .CAT Domain appeared first on The Daily Coin.

19:45

EXCLUSIVE: First Look Of The Black Horse Of Famine SILVER & COPPER UNBOXING (Video) The Daily Coin

EXCLUSIVE: First Look Of The Black Horse Of Famine SILVER & COPPER UNBOXING (Video) From Provident Metals: Check out this unboxing of the Black Horse Of Famine copper and silver rounds. The third in the 4 Horsemen Of The Apocalypse....

The post EXCLUSIVE: First Look Of The Black Horse Of Famine SILVER & COPPER UNBOXING (Video) appeared first on The Daily Coin.

19:25

Insanely Concentrated Wealth Is Strangling Our Prosperity naked capitalism

Lambert here: Good heavens! Its almost as if the United States is ruled by an aristocracy of inherited wealth! By Steve Roth, publisher of Evonomics. He is a Seattle-based serial entrepreneur, and a student of economics and evolution. Originally published at Evonomics. Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile []

19:15

Will German Elections Move Gold? The Daily Coin

Will German Elections Move Gold? ARKADIUSZ SIERO Sunshine Profits On Sunday, federal parliamentary elections will be held in Germany. What does it imply for the gold market? On September 24, Germans will elect members of the Bundestag, who will...

The post Will German Elections Move Gold? appeared first on The Daily Coin.

19:08

The limits of refrigerator privacy? Marginal REVOLUTION

It seems we never quite reach them:

Walmart is testing a service that delivers groceries straight to your fridge when youre not home.

On Friday, the retail giant announced a partnership with August Home, a smart-lock startup, that would allow a delivery person to enter customers orders and put groceries away in their refrigerators

Delivery drivers will have a one-time passcode that allows them to unlock the August smart lock if customers do not answer the door when the delivery team arrives to drop off groceries. They will then drop off packages in the foyer, unload groceries in the fridge, and leave with the door locking behind them.

Customers get a notification when the driver rings the doorbell. August home-security cameras allow them to watch the entire process from the app if they wish.

Here is the story, via Peter Metrinko.

The post The limits of refrigerator privacy? appeared first on Marginal REVOLUTION.

18:59

Debt Rattle September 23 2017 The Automatic Earth

Salvador Dal Mi esposa desnuda 1945   Why the Stock Markets Up and Why it Wont Last (MO) The Great Corporate Cash Shell Game (BBG) Debt Has Become A Way Of Life In Canada (OweC) Housing Affordability NEVER WorseBy a Long-Shot (Hanson) The Demise of the Dollar: Dont Hold Your

The post Debt Rattle September 23 2017 appeared first on The Automatic Earth.

18:45

Peak Prosperity News Update 092217 (Video) The Daily Coin

Peak Prosperity News Update 092217 Video Chris Martenson New Orleans Investment Conference Oct 25-28, 2017 Video Source

The post Peak Prosperity News Update 092217 (Video) appeared first on The Daily Coin.

16:15

Fun on Friday: Golden Music for Your Ears The Daily Coin

Fun on Friday: Golden Music for Your Ears from Schiff Gold Apple recently announced its new iPhone 10 to much hoopla. It will feature a retina display, increased storage and RAM, and enhanced facial recognition (which is either real cool...

The post Fun on Friday: Golden Music for Your Ears appeared first on The Daily Coin.

15:57

Where does Brexit stand today? TheMoneyIllusion

Here is the Financial Times:

Theresa May has been applauded by Brussels for her constructive spirit after she set out plans to keep Britain in the EU in all but name until 2021, five years after the country voted to leave the bloc.

In a conciliatory speech in Florence, Mrs May also said Britain would pay 20bn into the EU budget after Brexit and signalled the contribution was only a downpayment on what could be a considerably larger exit bill.

Although Britain will formally leave the EU in March 2019, under Mrs Mays model it would still be covered by all EU rules, European court judgments, the free movement of EU workers and budgetary contributions to Brussels until the transition ends. . . .

The speech delighted business leaders who believe Mrs Mays plan for a transition period of around two years after Brexit in March 2019 will avoid a cliff-edge and was welcomed by Michel Barnier, the EUs chief negotiator.

Here are some comments:

1.  By now it should be clear why I distinguished between the economic effects of Brexit uncertainty and the economic effects of Brexit itself.  We now know that Brexit uncertainty had no noticeable impact on UK real GDP growth (which was about the same in the 12 months after Brexit as during the 12 months before.)  I still believe that Brexit itself will lead to somewhat slower growth, as do the currency markets.  But the delay in Brexit has allowed a partially recovery in the pound, which has bounced back to $1.35, after dropping from $1.46 to $1.23 after the vote (and subsequent Brexit means Brexit rhetoric.)

2.  I think its very unlikely that the UK will (de facto) leave the EU in March 2021 (if ever).  May is rumored to have favored an even longer delay, but worried about a leadership challenge from Boris Johnson.  Notice she said around two years, which could mean three years.  Britain really doesnt want to leave; thats obvious.

3.  And by 2021 or 2022, who knows what the political situation will look like in the UK?  What if the Tories need support from the Liberal Dems after the next election? Would the LDs...

14:48

Is there a Rawlsian argument for redistribution as a form of social insurance? Marginal REVOLUTION

Here is one presentation of such an argument, but keep in mind these points:

1. The strongest argument for redistribution is when redistribution boosts economic growth and benefits all or most of society.  That is by no means always the case, but it is sometimes true and of course it is not a Rawlsian argument.

2. The second strongest argument for redistribution is that it is sometimes intrinsically better if a poor, needy person has a resource, as opposed to a wealthier person having that same resource.  That is in fact what most people think, no matter what argument they give you.

3. As well see, the Rawlsian argument is parasitic upon #2, so why not use #2 directly?  Admittedly, #2 is a difficult conclusion to establish in a scientific manner, but the Rawlsian gloss, upon examination, makes it weaker not stronger.  It does however make the argument look a) more academic, and b) apparently more in line with neoclassical economic modes of thinking.

4. Most political philosophers, or indeed most philosophers, are not Rawlsians, even if they have been influenced by Rawls, which is frequently the case.  So why should you, if youre an economist, be a Rawlsian?  Is it that you read Rawls and the critics, sided with Rawls, and then sat down to derive its implications?  Or did you find it a convenient rationalization for something you already believed or wanted to believe?

4b. Rawls is almost always invoked selectively, rarely being applied across national borders or across the generations, cases where it yields screwy results.  Rawls himself hesitated to approve of economic growth, because it does not maximize the well-being of the original worst off generation, which of course has to do some saving.  He had sympathies with the idea of Mills stationary state.  Its fine to reject those conclusions, as indeed you should, but again maybe youre not really a Rawlsian.  You are a selective Rawlsian, if that.

4c. Most people rightly I might add believe just as much in redistribution or maybe more when the position of the unfortunates is certain in advance. How many times have you heard social immobility cited as a problem that requires redistribution for its solution?  That argument is fine on its own terms, but again were back to #2.  The funny thing about econo-Rawlsians is that they want to cite the uncertainty of the wealth distribution as a reason for redistribution, and then they wish to turn around and cite the certainty of the wealth distribution as yet another reason for redistribution!

Yes, maybe you can apply a Rawlsian transform to those situations with certain allocations, using a but*if* these people were all behind a veil of...

14:20

Insider Warns ANP Massive Trucking Shutdown May Begin Within Weeks The Daily Coin

Insider Warns ANP Massive Trucking Shutdown May Begin Within Weeks by Stefan Stanford All News Pipeline TDC Note Not sure that Im buying this, what do you think? #### Back on June 24th, ANP reported upon what ANP reader James...

The post Insider Warns ANP Massive Trucking Shutdown May Begin Within Weeks appeared first on The Daily Coin.

14:00

The Fed Is Distracting Everyone From The Real Crisis (Video) The Daily Coin

The Fed Is Distracting Everyone From The Real Crisis Video X22 Report Theresa May calls for a 2 year exit strategy from the EU. Household wealth hit an all time new high, but there is one catch, the majority...

The post The Fed Is Distracting Everyone From The Real Crisis (Video) appeared first on The Daily Coin.

14:00

Elvis's Own Personal Drug War Mises Wire

By: Chris Calton
Nixon-Elvis-ap.jpg

When Elvis Presley died in 1977 from drug abuse, he was an official, badge-carrying federal agent for the Bureau of Narcotics and Dangerous Drugs, an honorary appointment granted by President Richard Nixon.

To say that Elvis Presley had a respect for law enforcement is to drastically understate his enthusiasm. In another life, he would have liked to have been a police officer, and he was obsessed with collecting police badges and uniforms. When he would perform shows around the country, he always made an effort to obtain a badge from the local police force, sometimes by using his celebrity status and other times by donating money to police functions. In some cases, he would offer a $5,000 donation to a police ball in order to procure a badge. He was also known to give expensive cars to local sheriffs, including Sherriff Bill Morris of Memphis who gratefully deputized Presley after receiving a gift of a Mercedes-Benz.

Elvis's Memphis police badge and ID

His generosity was so lavishly offered to members of the Denver police that it actually brought about suspicions of graft and corruption after the Kings death. Along with Cadillacs and Lincoln luxury cars, he paid for officers to take high-class vacations and gifted them with pricey jewelry. He purchased his own Denver police uniform and was made an honorary captain of the Denver Police Force. He would have been a police officer, Elvis once confided, but God blessed him with a voice.

Elvis posing in his Denver police uniform

Elvis Becomes a Drug Warrior

In 1970, California senator George Murphy promised to get Elvis a meeting with FBI director J. Edgar Hoover and Bureau of Narcotics and Dangerous Drugs (BNDD) director John Ingersoll. In both cases, Elvis was hoping that a generous private donation would be enough to buy him a federal badge from each of these departments.

Elvis never did get to meet Hoover, and when called the BNDD, Ingersoll was out of the office. He spoke, instead, to the number-two man of the Bureau, Deputy Director John Finlator. The deputy director was not swayed by Elviss fame or money and informed him that his department could neither accept donations nor issue honorary badges. Elviss offer was spurned.

Undeterred, Elvis penned a hand-written letter to President Nixon. In the letter, Elvis expressed his concerns for the drug culture, the hippie elements, the SDS [Students for a Democratic Society], Black Panthers, etc. Offering his services as a celebrity communicator to the pre...

Elivs's Own Personal Drug War Mises Wire

By: Chris Calton
Nixon-Elvis-ap.jpg

When Elvis Presley died in 1977 from drug abuse, he was an official, badge-carrying federal agent for the Bureau of Narcotics and Dangerous Drugs, an honorary appointment granted by President Richard Nixon.

To say that Elvis Presley had a respect for law enforcement is to drastically understate his enthusiasm. In another life, he would have liked to have been a police officer, and he was obsessed with collecting police badges and uniforms. When he would perform shows around the country, he always made an effort to obtain a badge from the local police force, sometimes by using his celebrity status and other times by donating money to police functions. In some cases, he would offer a $5,000 donation to a police ball in order to procure a badge. He was also known to give expensive cars to local sheriffs, including Sherriff Bill Morris of Memphis who gratefully deputized Presley after receiving a gift of a Mercedes-Benz.

Elvis's Memphis police badge and ID

His generosity was so lavishly offered to members of the Denver police that it actually brought about suspicions of graft and corruption after the Kings death. Along with Cadillacs and Lincoln luxury cars, he paid for officers to take high-class vacations and gifted them with pricey jewelry. He purchased his own Denver police uniform and was made an honorary captain of the Denver Police Force. He would have been a police officer, Elvis once confided, but God blessed him with a voice.

Elvis posing in his Denver police uniform

Elvis Becomes a Drug Warrior

In 1970, California senator George Murphy promised to get Elvis a meeting with FBI director J. Edgar Hoover and Bureau of Narcotics and Dangerous Drugs (BNDD) director John Ingersoll. In both cases, Elvis was hoping that a generous private donation would be enough to buy him a federal badge from each of these departments.

Elvis never did get to meet Hoover, and when called the BNDD, Ingersoll was out of the office. He spoke, instead, to the number-two man of the Bureau, Deputy Director John Finlator. The deputy director was not swayed by Elviss fame or money and informed him that his department could neither accept donations nor issue honorary badges. Elviss offer was spurned.

Undeterred, Elvis penned a hand-written letter to President Nixon. In the letter, Elvis expressed his concerns for the drug culture, the hippie elements, the SDS [Students for a Democratic Society], Black Panthers, etc. Offering his services as a celebrity communicator to the pre...

13:40

Is There a Bitcoin Bubble? The Daily Coin

Is There a Bitcoin Bubble? by Jim Rickards Daily Reckoning [Ed. Note: Jim Rickards latest New York Times bestseller, The Road to Ruin: The Global Elites Secret Plan for the Next Financial Crisis, is out now. Learn how to get...

The post Is There a Bitcoin Bubble? appeared first on The Daily Coin.

13:30

Week in Review: September 23, 2017 Mises Wire

By: Mises Institute
Week in Review image

Almost a decade later, the Federal Reserve this week announced it will begin reversing quantitative easing. Slowly. Very slowly. The balance sheet currently stands at $4.5 trillion and they will begin allowing $10 billion in assets to roll off their sheets next month. Given the unprecedented nature of QE, even this modest reduction has many market observers on edge. Of course, the fallout from the Fed's actions are still being felt, while the Trump Treasury is making threats that it would have disastrous consequences if acted on.

On Mises Weekends, Jeff is joined by Dr. Mark Thornton to get his take on the Fed's actions and what it all means for stock markets, investors, and the US economy. Can quantitative easing, a roundabout form of monetizing debt, actually work? Can monetary policy make us rich? Or are Fed officials just groping in the dark, putting off a day of reckoning?

And in case you missed them, here are this weeks Mises Wire and FedWatch articles, covering a wide array of topics:

13:20

Fed QT Stocks, Gold Impact The Daily Coin

Fed QT Stocks, Gold Impact Adam Hamilton Zeal,LLC This weeks landmark Federal Open Market Committee decision to launch quantitative tightening is one of the most-important and most-consequential actions in the Federal Reserves entire 104-year history.  QT changes everything...

The post Fed QT Stocks, Gold Impact appeared first on The Daily Coin.

13:00

Strong 5.8 Earthquake Strikes Off Californias Coast (Video) The Daily Coin

Strong 5.8 Earthquake Strikes Off Californias Coast Video There has been a very shallow M5.8 Earthquake Strike off the coast of Northern California. At the moment, there is No Tsunami Warning. I will continue to update via twitter with new...

The post Strong 5.8 Earthquake Strikes Off Californias Coast (Video) appeared first on The Daily Coin.

12:40

PMs sold down The Daily Coin

silver gold

PMs sold down by Alasdair Macleod GoldMoney Gold and silver were sharply down this week, with gold off $23 at $1297 from last Fridays close in early European trade early this morning (Friday), and silver off 56 cents at...

The post PMs sold down appeared first on The Daily Coin.

12:30

The Supreme Court Failed Us On Vietnam Mises Wire

By: Jacob G. Hornberger
vietnam.PNG

With last weekss beginning of Ken Burns new documentary about the Vietnam War, the war will be brought back to the front burner for national discussion and debate.

There is one thing that is crystal clear and indisputable about the U.S. intervention into Vietnams civil war: The intervention was illegal under our form of government. Thats because it was waged in violation of the U.S. Constitution, the document that sets forth the powers of U.S. officials, including those in the military and the CIA.

When the federal government was called into existence by the Constitution, its powers were limited to those set forth in the document itself. If a power isnt enumerated, then it cannot lawfully be exercised.

The Constitution does not give the power to initiate war to the president. The Framers and the American people who ratified the Constitution did not want the president or the military making that decision. Thats why the Constitution delegates the power to declare war to Congress, the elected representatives of the American people.

Thus, if the president initiates war against another nation without a congressional declaration of war, he is acting unlawfully under our form of government.

The interesting question is: Why didnt the U.S. Supreme Court and the federal judiciary declare the U.S. war on North Vietnam to be unconstitutional?

Ever since the Supreme Courts decision in Marbury vs. Madison in 1803, the Court has assumed the authority and responsibility to declare acts of the president or laws enacted by Congress to be unconstitutional. And ever since Marbury, there have been many cases in which the federal courts have declared presidential actions or congressional laws unconstitutional.

Yet, when it came to U.S intervention into the Vietnam War, the federal judiciary declined to act. Why?

The issue was certainly clear-cut. The Constitution required a congressional declaration of war against North Vietnam. There was no congressional declaration of war against North Vietnam. Therefore, by initiating a war against North Vietnam, the president, the Pentagon, and the CIA were acting illegally under our form of constitutional government.

The federal judiciary has long rationalized its deference to the Pentagon and the CIA in terms of rhetoric like respect for the coordinate branches of the government or by suggesting that federal judges lack foreign-policy expertise or by simply asserting that a petitioners lacks standing to bring a legal action to declare a war to be unconstitutional.

In actuality, there is a more fundamenta...

12:20

Driving Ms. Deep State: Morgan Freeman Psy-Op Shows Desperation of US Establishment The Daily Coin

Driving Ms. Deep State: Morgan Freeman Psy-Op Shows Desperation of US Establishment by Andrew Korybko 21st Century Wire Morgan Freemans latest publicly stunt permanently stained his legacy after the famous actor decided to join the fake news industry by passing...

The post Driving Ms. Deep State: Morgan Freeman Psy-Op Shows Desperation of US Establishment appeared first on The Daily Coin.

12:04

Crisis Preparation: What To Do Peak Prosperity

Crisis Preparation: What To Do

Executive Summary

  • Why doing nothing is no longer an option
  • Our recommended steps to take for
    • Finances
    • Home
    • Personal Safety
    • Health
  • Plus: lots of links to related resources

If you have not yet read Part 1: When a Storm Approaches available free to all readers, please click here to read it first.

What To Do

In response to a prior recent report, member Texas_Engineer wrote:

Once again I reach the final summation of your report in which I am looking for some specific actions to take and all I see is a summary of how bad things are going to be. I detect a constant drumbeat that precious metals may rise but still see no clear recommendations for what we should do.

Fair criticism. I write so often about these actions that I feel like I am being overly repetitive and sometimes leave them out.

I should not assume either that people have read them before, or that theres no advantage in repeating them.

Heres what I think everybody should do, regardless of circumstances...

Join the conversation

12:00

The Fed. Has Truly Become Irrelevant, Expect Stocks To Rise (Video) The Daily Coin

The Fed. Has Truly Become Irrelevant, Expect Stocks To Rise Video Gregory Mannarino Video Source

The post The Fed. Has Truly Become Irrelevant, Expect Stocks To Rise (Video) appeared first on The Daily Coin.

11:40

This Could Be the End of the Bull Market The Daily Coin

This Could Be the End of the Bull Market by Michael Carr  Banyan Hill The stock market consists of buyers and sellers. At the end of the day, the number of shares bought equals the number of shares sold. But one...

The post This Could Be the End of the Bull Market appeared first on The Daily Coin.

11:30

Vonnie Quinn: You Couldnt Have Come At A Better Time The Big Picture

You think you know somebody, then you find out they have a 2nd persona you were wholly unaware of. To wit:   Dave Barckow & Vonnie Quinn tear it up on You Couldnt Have Come At A Better Time   Seriously, WTF how have I not know about this? More after the jump .

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The post Vonnie Quinn: You Couldnt Have Come At A Better Time appeared first on The Big Picture.

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11:20

Multi-Billionaire Hugo Salinas Price Just Issued A Dire Warning And Said We May See The Price Of Gold Spike To $13,000 The Daily Coin

Multi-Billionaire Hugo Salinas Price Just Issued A Dire Warning And Said We May See The Price Of Gold Spike To $13,000 from King World News Today multi-billionaire Hugo Salinas Price stunned market observers once again by stating that the price...

The post Multi-Billionaire Hugo Salinas Price Just Issued A Dire Warning And Said We May See The Price Of Gold Spike To $13,000 appeared first on The Daily Coin.

11:00

Gold Is The Primary Currency Metal Lynette Zang (Video) The Daily Coin

Gold Is The Primary Currency Metal Lynette Zang Video Future Money Trends Lynette Zang joins us to enlighten us on the current situation with the US Dollar and what stage its at in its life cycle, we cover...

The post Gold Is The Primary Currency Metal Lynette Zang (Video) appeared first on The Daily Coin.

10:40

Russia and China Planning Massive Infrastructure and Investment in BOTH Koreas The Daily Coin

Russia and China Planning Massive Infrastructure and Investment in BOTH Koreas by Pepe Escobar Russia-Insider Maybe this is why the globalists are so eager to bomb both Koreas into the stone age The United Nations Security Councils 15-0...

The post Russia and China Planning Massive Infrastructure and Investment in BOTH Koreas appeared first on The Daily Coin.

10:20

BIS Central Bank Cryptocurrencies The Daily Coin

BIS Central Bank Cryptocurrencies by Larry White Lone Star White House This BIS has issued a new report on possible uses for cryptocurrencies by central banks. This is really where the focus is at this time in terms...

The post BIS Central Bank Cryptocurrencies appeared first on The Daily Coin.

10:00

Syrian War Report: US-backed Forces Push For Syrian Oil (Video) The Daily Coin

Syrian War Report: US-backed Forces Push For Syrian Oil Video South Front Video Source

The post Syrian War Report: US-backed Forces Push For Syrian Oil (Video) appeared first on The Daily Coin.

09:40

The Secret Equation for Doubling Retirement Income The Daily Coin

The Secret Equation for Doubling Retirement Income by Jimmy Mengel  Outsider Club I think its safe to say were all familiar with the 7 Wonders of the World These were man-made structures so magnificent that their existence has been documented and passed...

The post The Secret Equation for Doubling Retirement Income appeared first on The Daily Coin.

09:20

This Misunderstood Tech Is Making Some Investors Rich The Daily Coin

This Misunderstood Tech Is Making Some Investors Rich by Teeka Tiwari  International Man They thought I was nuts It was 2003. I was moving from my retail money-management business to managing an exclusive hedge fund. My parting gift to my retail...

The post This Misunderstood Tech Is Making Some Investors Rich appeared first on The Daily Coin.

09:16

VICTORY IS OURS: Gold & Silver REFUSE to Drop a Handle Max Keiser and Stacy Herbert

Silver Doctors Friday Wrap: Sure, they have succeeded in smashing price lower on the week, but gold & silver refuse to drop a handle! WE GET THE VICTORY, and that will bother them even more than todays closing prices

First this (queue Rocky theme song):

 

 

Gold aint having $1200 and silver says get that $16 outta here!

Both precious metals hold, and close on the day both higher and above the key whole numbers.

Last Friday we put out this very scary silver chart:

 

 

It turned out to not be that scary of a movie at all. It was more like your typical teen-age slasher flick.

Still, it was pretty disgusting to watch:

 

 

In the above chart, it is easy to see that more and more selling volume is needed to keep the silver price suppressed. So far, 2017 has been nothing more than a monkey-hammering on the weekly, but looking at the volume of the last few weeks, compared to the last price attack, and compared to the attack before that, it looks like the volume is ready to pick up even more from here, but the more paper that gets thrown at silver, the more they can only get sideways choppy price action.

Heres what the volume looked like as they knocked exactly $1.00 off the price from the high to the low. The cartel was smashing the juice out of the hamburger all week long:

 

 

 ...

09:00

The Money Masters (Video) The Daily Coin

The Money Masters Video Bill Still After 21 years, at last our 1996 documentary, The Money Masters arrives on this channel. Synopsis: The history of the debt money system promulgated by privately-owned central banks masquerading as central banks owned...

The post The Money Masters (Video) appeared first on The Daily Coin.

08:40

Report: Iran And North Korea Are Collaborating In An Exchange Of Materials And Technicians To Mutually Develop Nuclear Weapons Capabilities The Daily Coin

Report: Iran And North Korea Are Collaborating In An Exchange Of Materials And Technicians To Mutually Develop Nuclear Weapons Capabilities by Jeremiah Johnson SHTFPlan In the United States, the federal civil defense program was authorized by statute and ran...

The post Report: Iran And North Korea Are Collaborating In An Exchange Of Materials And Technicians To Mutually Develop Nuclear Weapons Capabilities appeared first on The Daily Coin.

08:30

Mark Thornton: Can the Fed Unwind? Mises Wire

By: Mark Thornton, Jeff Deist
Mark Thornton on Mises Weekends

Federal Reserve Chair Janet Yellen announced the bank would begin selling assets it has relentlessly bought since the Crash of '08. The financial press, including the Wall Street Journal, dutifully praised Yellen for her steady hand. But our guest Dr. Mark Thornton has a different take on what it all means for stock markets, investors, and the US economy. Can quantitative easinga roundabout form of monetizing debtactually work? Can monetary policy make us rich? Or, are Fed officials just groping in the dark, putting off a day of reckoning? Jeff Deist and Mark Thornton unwind the narrative.



08:20

Deep State Admits Theyve Finally Gotten a Grip on Trump Liken Him to George W. Bush The Daily Coin

Deep State Admits Theyve Finally Gotten a Grip on Trump Liken Him to George W. Bush by Matt Agorist The Anti-Media It is official. The deep state has admitted that Trump is now under their control and it is...

The post Deep State Admits Theyve Finally Gotten a Grip on Trump Liken Him to George W. Bush appeared first on The Daily Coin.

08:00

The Rise of Tecnocracy Which Path to Freedom Looking Behind the Veil (Video) The Daily Coin

The Rise of Tecnocracy Which Path to Freedom Looking Behind the Veil Video The CrowHouse Max Igan Open Mind Conference, Copenhagen, Denmark Sep 17th, 2017. Video Source

The post The Rise of Tecnocracy Which Path to Freedom Looking Behind the Veil (Video) appeared first on The Daily Coin.

07:40

Central Bank Cryptocurrencies? Just a Different Kind of Funny-Money The Daily Coin

debt problem

Central Bank Cryptocurrencies? Just a Different Kind of Funny-Money Jeff Nielson Sprott Money It is quite hilarious to watch the posturing of central banks and their media mouthpieces on the subject of cryptocurrencies. A recent Reuters article on the subject...

The post Central Bank Cryptocurrencies? Just a Different Kind of Funny-Money appeared first on The Daily Coin.

07:30

Succinct Summation of Weeks Events 9.22.17 The Big Picture

Succinct Summations for the week ending September 22nd, 2017   Positives: 1. S&P 500, Dow Jones Industrial Average, and NASDAQ Composite all made new all-time highs. Yay! 2. Index of leading economic indicators rose 0.4%, above the 0.2% expected increase. 3. Import and export prices both rose 0.6% m/o/m, well above the 0.4% and 0.2%

Read More

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...

06:40

The reason why ICOs have been going through the roof The Daily Coin

The reason why ICOs have been going through the roof by Simon Black Sovereign Man First it was Pets.com, and all the unbelievably stupid Internet businesses in the 1990s. Investors were so eager to buy dot-com stocks, all you...

The post The reason why ICOs have been going through the roof appeared first on The Daily Coin.

06:30

The Federal Reserve's Unspoken Truth Financial Sense

Patrick O'Hare The Federal Reserve's latest policy announcement has generated a lot of opinions about its implications for the capital markets. What it didn't generate is a lot of movement in the stock market.

06:20

A2A with John Butler, author of The Golden Revolution, Revisited (Podcast) The Daily Coin

A2A with John Butler, author of The Golden Revolution, Revisited Podcast On Wednesday, author John Butler stopped by to discuss his new book, The Golden Revolution, Revisited. John has many thoughts on the coming remonetization of gold so you will...

The post A2A with John Butler, author of The Golden Revolution, Revisited (Podcast) appeared first on The Daily Coin.

06:19

In The News Today Jim Sinclair's Mineset

Bill Holters Commentary To be added to the TRUTH BOMB category! BREAKING: Robert F. Kennedy Jr. Calls For Extradition Of CDC Vaccine Criminal Mastermind Poul Thorsen To Face Charges Of Criminal Scientific MisconductSeptember 21, 2017 (Natural News) Robert F. Kennedy Jr. (RFK Jr.) and his team at World Mercury Project have drafted up a new... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

06:18

China Extends Invitation For Egypt To Join BRICS Political Vel Craft

African countries see the emergence of the BRICS as a symbol of hope for a better life. African countries also see the extent to which the US [deep state] controls economic policies and the imposition of its interests, especially in the dominance of the dollar. This increases the importance of the BRICS. The strength of the BRICS bloc qualifies them to have []

06:00

Rogue Mornings Trump vs Rocket Man, Pension Bubble Bursting & Grahamcare (Video) The Daily Coin

Rogue Mornings Trump vs Rocket Man, Pension Bubble Bursting & Grahamcare Video Rogue Money Language Alert on ALL Rogue Money Videos Video Source

The post Rogue Mornings Trump vs Rocket Man, Pension Bubble Bursting & Grahamcare (Video) appeared first on The Daily Coin.

05:55

You're Likely A Lot Less Prepared For Crisis Than You Realize Peak Prosperity

You're Likely A Lot Less Prepared For Crisis Than You Realize

It seems as if Mother Nature is waking up. Either she's trying to send humans an important warning, or perhaps she's just out to kill us all.

Massive storms across the globe, earthquakes, and collapsing ecosystems all combine to remind us that we are indeed intimately connected to our planet's natural systems. And that our well-being rests on staying on Mother Nature's good side.

Well, Mother Nature has seemed pretty pissed at us of late. Her recent punishments should be taken as a disciplinary wake-up call.

Join the conversation

05:40

Trump to Scrap Drone Restrictions The Daily Coin

Trump to Scrap Drone Restrictions by Jake Johnson  The Anti-Media Human rights groups argue the move could led to an upsurge in civilian casualties, which are already soaring under Trump. (COMMONDREAMS)  President Donald Trump is reportedly gearing up to roll back even the most limited...

The post Trump to Scrap Drone Restrictions appeared first on The Daily Coin.

05:20

Vaccine industry celebrates Disneyland measles outbreak operation as a huge success, seeks to model similar outbreaks for more fear propaganda The Daily Coin

Vaccine industry celebrates Disneyland measles outbreak operation as a huge success, seeks to model similar outbreaks for more fear propaganda by: Tracey Watson  Natural News Theres nothing quite as effective as a good outbreak story to keep the masses in line...

The post Vaccine industry celebrates Disneyland measles outbreak operation as a huge success, seeks to model similar outbreaks for more fear propaganda appeared first on The Daily Coin.

05:00

Why is Gold and Silver Spot Dropping? (Video) The Daily Coin

Why is Gold and Silver Spot Dropping? Video Cull Silver It happened once every six weeksthe Federal Reserve meets. The results often drive prices up or down. Video Source

The post Why is Gold and Silver Spot Dropping? (Video) appeared first on The Daily Coin.

04:40

What Puerto Rico Teaches Us About Being Prepared The Daily Coin

What Puerto Rico Teaches Us About Being Prepared by Dave Hodges The Common Sense Show Please read this carefully: One hundred percent of the power is offline in Puerto Rico. If we want to know what the effects of...

The post What Puerto Rico Teaches Us About Being Prepared appeared first on The Daily Coin.

04:30

2:00PM Water Cooler 9/22/2017 naked capitalism

Today's Water Cooler: Warmonger Morgan Freeman, Sanders/Klobuchar to debate Graham/Cassidy on health care, copper, Uber, SEC, juggalos, frats

04:30

September 22: Daily Contrarian Reads David Stockman's Contra Corner

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04:20

Janet Yellens Ptolemaic Monetary Universe David Stockman's Contra Corner

For more than 2000 years leading thinkers believed that the sun, moon, planets and stars revolved around the earth, which, in turn, stood at the very center of the universe. But even back then observations didnt always square with the model-so the so-called Ptolemaic epicycles and work-arounds were invented to explain the deviations. At length, the whole thing collapsed when []

04:20

US Reckless War Bluff The Daily Coin

US Reckless War Bluff from Sputnik News American leaders have warned they will destroy North Korea if it threatens either the US or allies. But how much of this posturing by Washington is a bluff? And a very dangerous bluff...

The post US Reckless War Bluff appeared first on The Daily Coin.

04:14

China, India, Russia, Intensify Help In Fighting Deep State Terrorists In Afghanistan & Pakistan Political Vel Craft

BEIJING   A decision by the BRICS nations to name and denounce specific terrorist organizations in Afghanistan, Pakistan and elsewhere is sparking debate among academics and analysts in China. Earlier this month, the group, comprised of Brazil, Russia, India, China and South Africa, extended their support to [Afghanistan] Kabuls counterterrorism efforts during a meeting in []

04:09

Will China Really Ban Bitcoin? Vortex Interview Future Money Trends

Will China Really Ban Bitcoin Vortex Interview

As the Crypto Currency sector continues to attract more people, Vortex from the World Crypto Network joins us to share his enthusiasm and expertise on Bitcoin and the development of Blockchain. Other updates we cover is the recent fear mongering from China regarding banning Bitcoin and Exchanges potentially closing.

TOPICS IN THIS INTERVIEW:
02:10 Is China really banning Bitcoin?
04:40 Jamie Dimon labelling Bitcoin a scam!
06:20 Altcoins with potential and real usage
08:25 Whats the best way to invest in Bitcoin

04:04

The Past and Future of Eudaimonia Stories by umair haque on Medium

The Great Lesson of the Twentieth Century

Just discussing eudaimonia triggers a strange breed of American paranoia. About communism, central planning, the Constitution, and all the rest of it.

Lets talk about it for a second. These are actually good questions, as much as you might think Id hate them.

Guys. The cold wars over. Who won? No one.

Russia fell first, and now Americas on the ropes. Why is that? America and Russia had vastly different systems. Capitalism and socialism. But both systems operated under the same paradigm. Their goal was one and the same: maximizing output. They only did it in different ways. Soviet factories churned too little bread and too many crappy radios. American factories churn out too many reality TV shows and not enough healthcare. One is an error of ignoring markets, the other of obeying only markets. But in both cases, the paradigmatic goal is precisely the same: maximizing output. In neither case was attention given to the overarching problem: was any of this output actually lifting peoples quality of life? Output is just stuff. What a society depends on is whether or not that stuff yields realized human possibility.

The USSR began to stagnate for precisely this reason. It was employing people without realizing their possibility. It stagnated long enough that people began to get poor again, because when possibility isnt realized, it cant be rewarded. And when it isnt rewarded, then inequality spikes. Now the USA is stagnating in precisely the same way. The average person increasingly cant get basically functioning healthcare, education, transport, and so on. That also means that those who are providing all thatteachers, bus drivers, just basic average peopleare vastly underrewarded. So there is a general fall in living standards, quality of life, and incomes. The great irony of the twentieth century is that the two great enemies were both one and the same.

So. Eudaimonia has nothing to do with isms. Conservatism, liberalism, communism, whatever. Put your politics aside. Eudaimonia is bigger than that. It asks a primary question: what is the end that we want for a human organization? What do we want people to live? Do we want them to be healthy, happy, sane? Or do we want them to be gentle, kind, loving? Or both, all? Or none? Once weve sorted out the ends, then we can discuss means. The means are isms. Liberalism says here is one mean to these ends, conservatism says there is another. First things first.

...

04:00

The Mainstream Satanic Deception Exposed (Video) The Daily Coin

The Mainstream Satanic Deception Exposed Video SGTReport The Satanic fashion show INSIDE of St. Andrew church in London is just one more example of the mainstreaming of Satanism and the elites Luciferian doctrine. But thats just the tip of...

The post The Mainstream Satanic Deception Exposed (Video) appeared first on The Daily Coin.

03:40

My Recent Experience Bugging Into A Disaster The Daily Coin

My Recent Experience Bugging Into A Disaster by J.W. Survival Blog I had a recent experience of traveling into a situation where everyone else was leaving due to Hurricane Irma. I learned some valuable lessons during the process. Homes...

The post My Recent Experience Bugging Into A Disaster appeared first on The Daily Coin.

03:34

Never March on Russia PaulCraigRoberts.org

Never March on Russia

I share with The Saker the concern that the hubris and arrogance that reside in Washington are capable of a fatal mistake that would bring the world to an end. Indeed, the crazed Israeli government could provoke the conflict. http://thesaker.is/russian-special-forces-repel-a-us-commanded-attack-in-syria-denounce-the-usa-and-issue-a-stark-warning/

If Hillary had been elected, we probably would all be dead by now. Trump, now the captive of the military/security complex, is being pushed into the conflict with Russia that Hillary advocated, so the danger has been resurrected.

Washington needs to set aside its hubris and arrogance long enough to remember what hubris and arrogance did to the powerful militaries of Napoleon and Hitler. Larchmonters two rules of warfare are sound: http://thesaker.is/two-rules-of-warfare-1-never-march-on-moscow-and-2-never-march-on-moscow/

The post Never March on Russia appeared first on PaulCraigRoberts.org.

03:30

No, This Is Not the Second Longest Bull Market Ever The Big Picture

Theres Nothing Old About This Bull Market Claims that its the second-longest ever dont hold up Bloomberg, September 22, 2017       I keep reading how this bull market is the second-longest since World War II. Lots and lots of articles, comments, observations, tweets, blog posts and on and on are running with this

Read More

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...

03:28

Londons Uber ban is a big Brexit mistake Marginal REVOLUTION

That is the title given to my latest Bloomberg column.  Excerpt:

The new Britain appears to be a nationalistic, job-protecting, quasi-mercantilist entity, as evidenced by the desire to preserve the work and pay of Londons traditional cabbies. Thats hardly the right signal to send to a world considering new trade deals or possibly foreign investment in the U.K. Uber, of course, is an American company, and it did sink capital into setting up in London and its reputational capital is on the line in what is still Europes most economically important city. This kind of slap in the face wont exactly encourage other market entrants, including in the dynamic tech sector that London so desperately seeking.

I should note that I prefer London cabs, because of their higher quality service, noting that the people most hurt by this ban are from lower-income groups.

The post Londons Uber ban is a big Brexit mistake appeared first on Marginal REVOLUTION.

03:20

US Threat to Cut China Off from the International Dollar May Be Empty The Daily Coin

US Threat to Cut China Off from the International Dollar May Be Empty from Schiff Gold Earlier this month, the US threatened to lock China out of the dollar system if it doesnt follow UN sanctions on North Korea. Treasury Secretary...

The post US Threat to Cut China Off from the International Dollar May Be Empty appeared first on The Daily Coin.

03:16

Did the Great Recession reduce the US birth rate? TheMoneyIllusion

A few years ago it was conventional wisdom that the Great Recession reduced Americas birth rate.  Thats possible, but its striking how little evidence there is for that claim.  Its true that the birth rate declined between 2007 and 2010, but we all know that correlation doesnt prove causation.  And theres a lot of evidence pointing in the opposite direction.  Heres one popular measure of the birth rate:

Now lets consider all of the evidence against the claim that the Great Recession reduced Americas birth rate:

1. Rich countries tend to have much lower birth rates than poor countries.  So poverty doesnt seem to reduce birth rates.

2.  If you prefer time series evidence; the US birth rate has trended down for 100 years, even as weve become much richer.

3.  Its true that the birth rate fell during the 1930s, but it fell much faster during the booming 1920s.  It fell especially sharply during 1955-73, one of the very best periods ever for having big nuclear families with stay at home moms.  The birth rate was flat during the bad period of 1979-83, when unemployment soared to 10.8%, but fell during the booming 1990s.  Go figure.

4.  In 2016, the birth rate declined in 2016 to the lowest rate ever, despite one of the fastest 2-year growth spurts in real median household income ever seen in US data:

There may be a slight lag in the impact of the economy on the birth rate, but if we dont see a sharp rise in the birth rate in 2017, then we may need to revise the conventional wisdom on the Great Recession.

5.  The birth rate decline has been far sharper for teens than for other groups:

In the United States, teen-aged moms are increasingly rare. In 2016, the teen birth rate dropped 9% compared to the previous year, a new government report published Friday found. This record l...

03:00

This is the Everything Bubble (Video) The Daily Coin

This is the Everything Bubble Video The Money GPS Video Source

The post This is the Everything Bubble (Video) appeared first on The Daily Coin.

02:54

The Demise of the Dollar: Dont Hold Your Breath Max Keiser and Stacy Herbert

The demise of the U.S. dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments.

De-dollarization is often equated with the demise of the dollar, but this reflects a fundamental misunderstanding of the currency markets.

Look, I get it: the U.S. dollar arouses emotions because its widely seen as one of the more potent tools of U.S. hegemony. Lots of people are hoping for the demise of the dollar, for all sorts of reasons that have nothing to do with the actual flow of currencies or the role of currencies in the global economy and foreign exchange (FX) markets.

So there is a large built-in audience for any claim that the dollar is on its deathbed.

I understand the emotional appeal of this, but investors and traders cant afford to make decisions on the emotional appeal of superficial claimsnot just in the FX markets, but in any markets.

So lets ground the discussion of the demise of the USD in some basic fundamentals. Now would be a good time to refill your beverage/drip-bag because were going to cover some dynamics that require both emotional detachment and focus.

First, forget what currency were talking about. If the USD raises your hackles, then substitute quatloos for USD.

There are three basic uses for currency:

1. International payments. This can be thought of as flow: if I buy a load of bat guano and the seller demands payment in quatloos, I convert my USD to quatloosa process that is essentially real-timerender payment, and Im done with the FX part of the transaction.

It doesnt matter what currency I start with or what currency I convert my payment into to satisfy the sellerI only hold that currency long enough to complete the transaction: a matter of seconds.

If sellers demand I use quatloos, pesos, rubles or RMB for those few moments, the only thing that matters is the availability of the currency and the exchange rate in those few moments.

2. Foreign reserves. Nation-states keep reserves for a variety of reasons, one being to support their own currency if imbalances occur that push their currency in unwanted directions.

The only nations that dont need to hold much in the way of currency reserves are those tha...

02:44

India Gold Imports Triple August 2017 Despite BIS Puppet Narendra Modi Political Vel Craft

Despite rising prices, a tax increase, and government attempts to tighten regulation of the jewelry industry, gold continues to flow into India. Gold imports into the country nearly tripled year-on-year in August. An estimated 60 tons of the yellow metal flowed into the Asian nation last month, up from 22.3 tons in August 2017. This []

02:40

Pensions and Debt Time Bomb in UK: 1 Trillion Crisis Looms The Daily Coin

Pensions and Debt Time Bomb in UK: 1 Trillion Crisis Looms by Jan Skoyles Gold Core 1 trillion crisis looms as pensions deficit and consumer loans snowball out of control UK pensions deficit soared by 100B to 710B,...

The post Pensions and Debt Time Bomb in UK: 1 Trillion Crisis Looms appeared first on The Daily Coin.

02:30

The Demise of the Dollar: Don't Hold Your Breath Financial Sense

By Charles Hugh Smith The demise of the US dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments.

Trumps October Surprise Supports Oil Financial Sense

By Kurt Kallaus In mid-October President Trump will be required to certify the Iranian Nuclear compliance once again or push to nullify the multi-nation Nuclear Arms Treaty. Already the US has presented evidence of an unrelated UN Security Council resolution...

Equifax Breach Is a Reminder of Societys Larger Cybersecurity Problems Financial Sense

By The Conversation The Equifax data breach was yet another cybersecurity incident involving the theft of significant personal data from a large company. Moreover, it is another reminder that the modern world depends on...

02:21

Why Amazon Won't Choose New Hampshire Free State Project

Amazon Headquarters in Seattle - Photo by Adamajreynolds

According to the Concord Monitor, Governor Sununu is aggressively pursuing the online retailer Amazon.com, which is looking to open a second global headquarters that could employ as many as 50,000 people.

New Hampshire is a great place for business, with low taxes and regulation, not to mention thousands of productive Free Staters moving in. Business taxes are decreasing, and they can be be offset with the Education Tax Credit. So should New Hampshire pitch to Amazon? Why not! Andrew Cline of the Josiah Bartlett Center for Public Policy writes,

Reaching out and talking up New Hampshires many charms is perfectly fine. But we should never cross the line between marketing the state and giving a big company special treatment that New Hampshires mom-and-pop businesses dont get.

But states arent likely to take Clines approach as they bid for Amazons business. Many will promise millions in taxpayer-funded subsidies, which Amazon expects. Eli Sanders at The Stranger translates Amazons message to interested locales this way,

If you want to be the new home of Amazon's HQ2, you need to offer Amazon some major, taxpayer-financed subsidies. Those taxpayer-financed subsidies may have to be so big that it'll take an act of your state's publicly elected legislature to make them happen.

Why is Amazon looking elsewhere? Some see the search as a publicity stunt, but The Seattle Times sees it as a wake-up call, Seattles current political leaders must recognize that poor planning and anti-business posturing come with a heavy price. Their politicking creates uncertainty for job creators and was a factor in Amazons decision to look elsewhere to expand.

If Amazon is looking to gro...

02:20

China Increases Its Influence Over Afghanistan The Daily Coin

China Increases Its Influence Over Afghanistan by Vladimir Platov Journal-NEO Its hardly a surprise that the United State is not the only state to recognize the geopolitical importance of Afghanistan. Among the other nations deeply involved in this Central Asian...

The post China Increases Its Influence Over Afghanistan appeared first on The Daily Coin.

02:00

Echoes of WWI: China, the US, and the Next Great War (Video) The Daily Coin

Echoes of WWI: China, the US, and the Next Great War Video Corbett Report In the early 20th century, the worlds dominant superpower looked warily on the rise of a competitor to its supremacy. The machinations of the British...

The post Echoes of WWI: China, the US, and the Next Great War (Video) appeared first on The Daily Coin.

02:00

There's a Bubble in New York City Taxi Medallions Mises Wire

By: Doug French
istock.PNG

Its as old as time: taking on debt to fund a sure thing. Be it houses, stocks, cryptocurrencies, tulip bulbs or taxi medallions. Winnie Hu tells the current tale of woe brilliantly for The New York Times. Big city taxi medallions were once considered to be good as gold. Ms. Hu writes,

Sohan Gill once saw his medallion as such a good investment better than a house that his wife bought two more in 2001. Now they cannot find enough drivers for the cabs because business is so bad. And Mr. Gill, 63, who had retired from driving, had to go back on the road. How many more years am I going to drive to take care of these medallions? he asked.

That sounds so much like Las Vegas 2005. Why own one house? Buy two more. Now retirement is put on hold.

A full blown medallion crash is unraveling in New York City as Ms. Hu explains.

Since 2015, a total of 85 medallions have been sold as part of foreclosure proceedings, according to city records. In August alone, 12 of the 21 medallion sales were part of foreclosures; the prices of all the sales ranged from $150,000 to $450,000 per medallion.

A medallion being essentially a license to drive a cab, $150,000 to $450,000 doesnt seem like the bottom, however at the peak. 2014, a medallion went for $1.3 million. By the way, Uber was founded in 2009, but New York cab owners either didnt get the memo, or didn't understand the implications.

In 2014, those crafty devils at New York City Hall sold 350 new medallions at the height of the market, generating $359 million in revenue.

The city has capped the number of medallions at 13,587, but, There are more than 63,000 black cars providing rides in the city through five major app services: Uber, Lyft, Via, Gett and Juno, writes Hu.

Cabbies are fighting back the way they always have, in court. But so far, to no avail. We are not against competition, we are not against technology, but we want to compete fair and square, said Nino Hervias, 58, a taxi owner and spokesman for the Taxi Medallion Owner Driver Association.

A couple drivers have taken legal a...

01:57

Five Things to Learn From Ubers Implosion Stories by umair haque on Medium

How to Fail at the Future

By now, you might have heard: continuing a long string of jaw-dropping mishaps, Uber lost its license to operate in London. Lets talk about it for a moment, because I think its a perfect mini case study in failing at the future.

Ubers big mistake wasnt losing its license, it was having poor eudaimonics. By eudaimonics, I mean a things effects on life: on well-being, real wealth, and human possibility. And Uber is the poster child for poor eudaimonics, the canonical example of the old paradigm failing. How?

Some organizations try hard to expand well-being. Uber seems to have mastered the art of suffocating it. No, really. Lets count the ways. It essentially takes well-being from its drivers, shortchanging them of what Americans call benefits, and the rest of the world calls basic rights (to healthcare, pensions, and so on), working against their every kind of flourishing. It manipulates information to leave societies, drivers, and customers in the dark. And of course it famously built a culture where harassment and abuse appear to be the norm. All these are kinds of human possibility, potential well-being, being...

01:45

Activists Take End-the-Blockade Message to Washington, DC: Show Solidarity with Cuba Grassroots Economic Organizing

Last weeks highly successful third annual Days of Action Against the Blockade in Washington, D.C., has helped raise new awareness about the damaging impact the failed 56-year U.S. blockade of Cuba has had on the health not only of Cubans but also of Americans, says Alicia Jrapko, the U.S. coordinator of the International Committee for Peace, Justice and Dignity, which organized the events.

It wasnt easy. Although the U.S. government did ultimately grant visas so Cuban guests could travel to Washington to participate (the U.S. government has often previously denied such visas, or granted them after events), Hurricane Irma then played havoc with their travel schedules. Organizers were forced to scramble, rearranging flights and accommodation several times before the delegation finally landed in Washington via Los Angeles in time to take part in the jam-packed week of activities.

Read the rest at The International Committee for Peace, Justice, and Dignity for the Peoples

 

Go to the GEO front page

01:42

China And Russia Hold Joint Naval Drills In Sea Of Japan Political Vel Craft

China and Russia kicked off the second stage of their joint naval operations in the Sea of Japan amid rising tensions between the US and North Korea. The Chinese fleet, which consists of missile destroyers, frigates, submarines, helicopters and naval personnel arrived in the Russian port of Vladivostok on Monday. China & South Korea To []

01:39

Top Ten Reasons I Buy Gold & Silver [#4] 3 Reasons the Coming Gold Mania Will Dwarf the 1970s The Daily Coin

Top Ten Reasons I Buy Gold & Silver [#4] 3 Reasons the Coming Gold Mania Will Dwarf the 1970s by Jeff Clark GoldSilver That Was Then, This is Now One of the most dangerous things a financial analyst...

The post Top Ten Reasons I Buy Gold & Silver [#4] 3 Reasons the Coming Gold Mania Will Dwarf the 1970s appeared first on The Daily Coin.

01:30

Gold Bullion Fails to Recover $1300 Even as Dollar Retreats Post-Fed, Kim + Trump Trade Insults Financial Sense

By Adrian Ash Gold bullion rallied almost $10 per ounce on Friday from yesterday's 4-week lows against the Dollar but failed to recover what analysts called the "key pivot" of $1300 despite claims of safe-haven buying...

China Blazes a Trail in Mobile Payments Financial Sense

By Guild & Danaher In June, we wrote about how Chinas world-leading innovation in social commerce is being driven by one of the greatest transformations in history: two decades of unprecedented economic growth...

01:27

Israel Strikes Damascus After Syrian Missile Defense Fires On Aircraft The Daily Coin

Israel Strikes Damascus After Syrian Missile Defense Fires On Aircraft from ZeroHedge For the third time in as many weeks Israel has reportedly bombed positions inside Syria. Syrian state media along with multiple regional outlets showed fires burning at a...

The post Israel Strikes Damascus After Syrian Missile Defense Fires On Aircraft appeared first on The Daily Coin.

01:20

Stocks and Precious Metals Charts Ubi Sunt? Not With a Bang, But a Whimper The Daily Coin

Stocks and Precious Metals Charts Ubi Sunt? Not With a Bang, But a Whimper by Jesse Jesses Crossroads Cafe Love does not make you weak, because it is the source of all strength, but it makes you see...

The post Stocks and Precious Metals Charts Ubi Sunt? Not With a Bang, But a Whimper appeared first on The Daily Coin.

01:17

Jims Mailbox Jim Sinclair's Mineset

Dear Jim, Bert would not have fit into such a world. I am pretty sure I/you would not have graduated kindergarten and would have been some sort of negative poster children? Travesty is an understatement! Best, Bill Florida Parents Outraged After Teacher Demands Her 5th Graders Use Gender Neutral Pronouns September 21, 2017 Over the... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

01:00

Jordan Roy-Byrne on GDXJ and GDX (Video) The Daily Coin

Jordan Roy-Byrne on GDXJ and GDX Video The Daily Gold Finding the right mining companies to invest in is not an easy task and thats why newsletter writer Jordan Roy-Byrne says it is important to focus attention on a...

The post Jordan Roy-Byrne on GDXJ and GDX (Video) appeared first on The Daily Coin.

00:56

Daily Digest 9/22 - Good News Friday: Cutting America's Violent Crime, Helping Disabled Farmers Peak Prosperity

Daily Digest 9/22 - Good News Friday: Cutting America's Viole
  • 4 Ways To Cut Violent Crime In America
  • D.C. court rules tracking phones without a warrant is unconstitutional
  • Judge rules in city's favor on sanctuary cities, grants nationwide injunction
  • Governor Cuomo Signs Executive Order Prohibiting State Agencies from Inquiring About Immigration Status
  • Up Is The New Down
  • Mathematicians Measure Infinities and Find Theyre Equal
  • This Nonprofit Trains Dogs Specifically to Help Disabled Farmers

Join the conversation

00:40

How the US Became a Warmonger Police State The Daily Coin

How the US Became a Warmonger Police State SUPPORT YOUR WEBSITE Donate Now Paul Craig Roberts Professor David Ray Griffin is a tenacious person. He has written a number of carefully researched books that demonstrate the extraordinary shortcomings in the...

The post How the US Became a Warmonger Police State appeared first on The Daily Coin.

00:30

That Cuban Sonic Weapon Mystery Just Became More Mysterious The Event Chronicle

By Joseph P. Farrell

If youve been following that strange mystery surrounding the so-called sonic weapon attacks on the American embassy in Havana, Cuba, then the story just became a whole lot stranger with this article that was discovered and shared by Mr. B:

US diplomat in Cuba claims he was attacked in bed after walking through some invisible wall

What intrigues me here is a hypothesis I first advanced a few days ago in another blog on this mystery, namely, that this story might somehow be related to the strange ramming incidents of U.S. naval vessels the John McCain and the Fitzgerald which occurred near Singapore and Japan, respectively.

Theres a bit more information in this article that might tend to corroborate my high octane speculations in this regard. In my previous speculations, I have entertained various ideas that might account for the strange rammings of the missile frigates, namely (1) some sort of directed interference upon the electronics systems of the ships, via either (a) remote electromagnetic targeting of specific systems or (b) hacking of the systems through compromised hardware and/or software,; or (c) remote triggering of covertly implanted flaws in the hardware or commands in the software. But Ive also advanced the idea that (2) one might not rule out the idea that the crews of the ships themselves were targeted by some sort of mind manipulation technologies. Recall in this respect that one member of the Fitzgerald stated that he felt mystified, a state of mind indicating confusion, inability to take decisions, and perhaps even confusion over reading whatever electronic equipment he might have been responsible for. The Navy seems to have opted for an incompetence and inadequate training explanation, as youll recall, but it is to be noted that this explanation could be masking precisely the more sinister possibility of mind manipulation technologies.

So back to Mr. B.s shared article. Consider the following:

Aside from their homes, officials said Americans were attacked in at least one hotel, a fact not previously disclosed. An incident occurred on an upper floor of the recently...

00:25

Cybersecurity Aint the Only Game in Town: The Scams Multiply naked capitalism

Cybersecurity is much in todays news, but its not the only source of scams-- which are much more omnipresent than in the past.

00:22

Another Cost of Global Warming Marginal REVOLUTION

This paper documents a small but systematic bias in the patent evaluation system at the United States Patent and Trademark Office (USPTO): external weather variations affect the allowance or rejection of patent applications. I examine 8.8 million reject/allow decisions from 3.5 million patent applications to the USPTO between 2001 and 2014, and find that on unusually warm days patent allowance rates are higher and final rejection rates are lower than on cold days. I also find that on cloudy days, final rejection rates are lower than on clear days. I show that these effects constitute a decision-making bias which exists even after controlling for sorting effects, controlling for applicant-level, application-level, primary class-level, art unit-level, and examiner- level characteristics. The bias even exists after controlling for the quality of the patent applications. While theoretically interesting, I also note that the effect sizes are relatively modest and may not require policy changes from the USPTO. Yet, the results are strong enough to provide a potentially useful instrumental variable for future innovation research.

From a paper by Balzs Kovcs, here. Hat tip Kevin Lewis.

The post Another Cost of Global Warming appeared first on Marginal REVOLUTION.

00:20

Russian special forces repel a US-planned attack in Syria, denounce the USA and issue a stark warning The Daily Coin

Russian special forces repel a US-planned attack in Syria, denounce the USA and issue a stark warning by The Saker Something rather unprecedented just happened in Syria: US backed good terrorist forces attempted a surprise attack against Syrian government forces...

The post Russian special forces repel a US-planned attack in Syria, denounce the USA and issue a stark warning appeared first on The Daily Coin.

00:00

Gold and the Dollar Testing Key Technical Levels (Video) The Daily Coin

Gold and the Dollar Testing Key Technical Levels Video maneco64 In this report I cover the early market action from London on Friday, September 22nd, 2017. I look at the technical picture for gold and the dollar index and...

The post Gold and the Dollar Testing Key Technical Levels (Video) appeared first on The Daily Coin.

00:00

LTCM: The Innovative Financial Technology Company The Big Picture

Long-Term Capital Management L.P. (LTCM) hedge fund management used absolute-return trading strategies that combined sophisticated analytics (tee hee!) with 100 to 1 financial leverage. The firms master hedge fund, Long-Term Capital Portfolio L.P., collapsed, leading to an agreement on September 23, 1998, among 16 financial institutionswhich included Bankers Trust, Barclays, Bear Stearns, Chase Manhattan Bank,

Read More

The post LTCM: The Innovative Financial Technology Company appeared first on The Big Picture.

00:00

The Agony of the Welfare State, Finnish Style Mises Wire

By: Joseph T. Salerno
childrens-eyes-1914519_960_720.jpg

The title of this post minus the reference to Finland is shamelessly copped from a prescient essay that Ludwig von Mises wrote in 1953.  In his article Mises pointed out that in Great Britain and Europe, the system of progressive taxation was already confiscating nearly the entire surplus incomes of the successful capitalists and entrepreneurs, meaning that higher tax rates would no longer produce additional funds to finance these countries ever-expanding welfare states. Henceforth, Mises foretold, the funds of the beneficiaries themselves have to be tapped if more handouts are to be made to them.

Today things have gotten far worse than even Mises foresaw. For now it is becoming evident that the beneficiaries of the most advanced welfare states are not reproducing rapidly enough to pay for the benefits that they are receiving and are therefore endangering the long-term survival of the more generous welfare states. A notable example is Finland, which faces a massive baby problem. Thus, in 2016, Finland recorded the lowest number of newborn babies in 148 years, or since the great famine of 1868. The Finnish fertility rate has fallen to 1.57 per woman and the number of people under 20 years of age as a percentage of the working age population is the lowest among Nordic countries at less than 40%, down from 60% in 1970. 

The situation has left mainstream economists devoid of solutions and wringing their hands in despair. For Heidi Schauman, the Aktia Bank chief economist, the statistics are "frightening. As Ms. Schauman explains:

They show how fast our society is changing, and we don't have solutions ready to stop the development.  We have a large public sector and the system needs taxpayers in the future.

Schauman clearly does not appreciate the delicious irony of the modern welfare state revealed in the emphasized part of her statement. Without the ability to further expropriate wealthy capitalists and entrepreneurs, the welfare state has become a crazy machine with no purpose but to perpetuate its own existence by devouring massive quantities of taxes extracted from the people it ostensibly serves. If demographic trends threaten the existence of the machine, well then, more people...

Friday, 22 September

23:40

Philippine dictator Marcos gold bars: Fact or fiction? The Daily Coin

Philippine dictator Marcos gold bars: Fact or fiction? by Chris Powell GATA By Gerry Lirio ABS-CBN News, Quezon City, Philippines Thursday, September 21, 2017 http://news.abs-cbn.com/focus/09/21/17/marcos-gold-bars-fact-or-fiction MANILA By the late industrialist Enrique Zobels recollections, former strongman Ferdinand Marcos left...

The post Philippine dictator Marcos gold bars: Fact or fiction? appeared first on The Daily Coin.

23:20

John Rubino: We Are Building a Turn-Key Totalitarian State (Video) The Daily Coin

John Rubino: We Are Building a Turn-Key Totalitarian State Video Reluctant Preppers From the global De-Dollarization pivot away from the US Dollar, to crypto-currencies threatening central banks, and geo-political tension hotspots casting a looming shadow to embroil the worlds...

The post John Rubino: We Are Building a Turn-Key Totalitarian State (Video) appeared first on The Daily Coin.

22:55

Andy Schectman & Chris Waltzek Ph.D. (Podcast) The Daily Coin

Andy Schectman & Chris Waltzek Ph.D. Podcast Radio Gold Seek Highlights Andy Schectman of Miles Franklin Institute (28 year old firm with $6 billion in sales) rejoins the show. He outlines ways to avoid the hurdles of purchasing /...

The post Andy Schectman & Chris Waltzek Ph.D. (Podcast) appeared first on The Daily Coin.

22:30

Venezuela Begins Publishing Oil Basket Price In Yuan The Daily Coin

Venezuela Begins Publishing Oil Basket Price In Yuan from ZeroHedge Two days after the WSJ confirmed Maduros earlier threat that he would stop accepting US Dollars as payment for crude oil imports, Venezuela has done just that. As a reminder,...

The post Venezuela Begins Publishing Oil Basket Price In Yuan appeared first on The Daily Coin.

22:22

Pensions and Debt Time Bomb In UK: 1 Trillion Crisis Looms Max Keiser and Stacy Herbert

1 trillion crisis looms as pensions deficit and consumer loans snowball out of control
UK pensions deficit soared by 100B to 710B, last month
200B unsecured consumer credit time bomb warn FCA
8.3 million people in UK with debt problems
2.2 million people in UK are in financial distress
President Trump land there is a savings gap of $70 trillion
Global problem as pensions gap of developed countries growing by $28B per day

Editor: Mark OByrne

There is a 1 trillion debt time bomb hanging over the United Kingdom. We are nearing the end of the timebombs long fuse and it looks set to explode in the coming months.

No one knows how to diffuse the 1 trillion bomb and who should be taking responsibility. It is made up of two major components.

  • 710 billion is the terrifying size of the UK pensions deficit
  • 200 billion is the amount of dynamite in the consumer credit time bomb

How did the sovereign nation that is the United Kingdom of Great Britain and Northern Ireland get itself so deep in the red?

This is not a problem that is bore only by the Brits. In the rest of the developed world a $70 trillion pensions deficit hangs heavy.

We are all in this boat because we apparently didnt learn from the massive man made crisis that was the 2008 financial crisis.

The we is referring to UK individuals who are on average holding 14,367 of debt. It refers to the pension fund managers who are ignoring the fact they hold more liabilities than assets. It refers to banks and mortgage and loan providers who give loans to people who are already indebted and who will struggle to pay the debt back. It refers to a compliant media who do not have ask hard questions about irresponsible lending practices and cheer lead property bubbles due to getting significant revenues from the banking and property sectors.

And,  ultimately the we is the government who peddled such terrible monetary policy that it has brought us as close to nuclear financial disaster as we have been since 2008.

In the red, everywhere

In the United Kingdom we are running a deficit not only in our day-to-day lives but also in our future lives.

Unsecured consumer credit...

22:15

Winners and losers under Graham-Cassidy Marginal REVOLUTION

the greatest winners in 2026 would be Mississippi and Kansas, where federal health-care funding would more than triple and double, respectively. On the other hand, Connecticuts aid would be cut by just over half.

And:

the Kaiser Family Foundationconcluded that 35 states would lose $160 billion under the bill. The Kaiser study, like two earlier this week, looked at the cumulative effect from 2020 to 2026.

Here is the Amy Goldstein and Juliet Eilperin piece at WaPo.

The post Winners and losers under Graham-Cassidy appeared first on Marginal REVOLUTION.

22:05

3 Pounds Of Viking GOLD Treasure Found!! (Video) The Daily Coin

3 Pounds Of Viking GOLD Treasure Found!! Video Salivate Metal TDC Note We reported on this a few days ago click here Salivate Metal presenting with his particular twist. Video Source

The post 3 Pounds Of Viking GOLD Treasure Found!! (Video) appeared first on The Daily Coin.

22:04

10 Friday AM Reads The Big Picture

My beginning of Fall, morning train reads:  A Hackers Guide to Destroying the Global Economy (Institutional Investor)  This anniversary is a reminder that some market gurus are full of it (USA Today)  Will the Earth be destroyed this Saturday? Hint: No. (Syfy Wire) see also The World Is Ending? Invest as If It Wont. (The Big Picture)  Being Sure Youre Right

Read More

The post 10 Friday AM Reads appeared first on The Big Picture.

...

21:55

Electronic Frontier Foundation and ACLU Sue Over Warrantless Phone, Laptop Searches at US Border naked capitalism

Suit attempts to clarify constitutional status of border searches of electronic devices: is a warrant required?

21:40

Bad & Good News on North Korea, Obama Wiretapped Trump, Economic Update The Daily Coin

Bad & Good News on North Korea, Obama Wiretapped Trump, Economic Update by Greg Hunter USA Watchdog There is bad news and good news about the tensions between North Korea and the U.S. First, the bad news. President Trump...

The post Bad & Good News on North Korea, Obama Wiretapped Trump, Economic Update appeared first on The Daily Coin.

21:15

Did Yellen Push The Envelope Too Far? (Video) The Daily Coin

Did Yellen Push The Envelope Too Far? Video Peter Schiff Video Source

The post Did Yellen Push The Envelope Too Far? (Video) appeared first on The Daily Coin.

20:55

Don Quijones: It Gets Ugly in Catalonia naked capitalism

Madrids crackdown is increasing support for independence in Catalonia among those who previously had little interest in such an outcome.

20:45

Fake News Article Accusing Drudge Report Of Being A Pipeline For The Kremlin The Daily Coin

Fake News Article Accusing Drudge Report Of Being A Pipeline For The Kremlin by Susan Duclos All News Pipeline Media Matters founder David Brock, a man who built an empire to put Hillary in the White House, has just...

The post Fake News Article Accusing Drudge Report Of Being A Pipeline For The Kremlin appeared first on The Daily Coin.

20:30

Mercedes-AMG Project One The Big Picture

What does a 3 million dollar Mercedes hypercar have to do with climate change? Surprisingly, quite a lot. The Project One is not a mere concept car this is a production vehicle that will be sold in 2019. I want to highlight it not just because of the performance, which is Bugatti Chiron insane, but because

Read More

The post Mercedes-AMG Project One appeared first on The Big Picture.

04:30

September 21: Daily Contrarian Reads David Stockman's Contra Corner

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