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Friday, 15 December


Text Proves Anti Trump Conspiracy Within the FBI , 1942 The Still Report

- Jeevy Computers: Move up to business-level computer protection. 800-844-8613 Good morning, Im still reporting on: Text Proves Anti Trump Conspiracy Within the FBI , 1942 Synopsis: Yesterday, Rod Rosenstein, the Deputy Attorney General, the guy who appointed his boss, Robert Mueller to go after President Trump to distract from the glaring fact that there has been no visible investigations of Hillary Clinton, or the entire Clinton cabal - was the polished government attorney/bureaucrat until he got to the really tough questions. [insert] Whoah! Hold on there. Stop the music. If I were in charge of this hearing, I would bring it to a full stop until Mr. Rosenstein told the American public what he knew. And the truth is I dont even care much about whether they did or not. That question is minor compared to the next logical question: Were the contents of the so-called Trump Dossier presented to the FISA court as evidence that allowed the FBI to bug the Trump campaign? If thats true, then everyone in the FBI and DOJ who knew about that would instantly be under indictment in my world. [insert Jay Sekulo] There is no other way to get the truth. Muller is not there to investigate. Hes there to minimize the damage of exposure of the coup, and to try to get something on Trump. Disbanding the Special Counsels investigation as fatally compromised and mount a real investigation is the only way forward. Its going to be hard for Mueller to dismiss charges of a biased investigation because of one text revealed yesterday outright ovidence of an anti-Trump conspiracy among the top brass of both the FBI and the DOJ shown by the following text. Ed Henry of Fox explains: [insert] Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: - - Denas Pair Relief Store - exclusive importers of the Denas PCM 6 portable pain relief device. Call Coach Jimmy at 503-395-4142, or check the website: Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4...


Tucker Blasts Strzoks Emails, 1941 The Still Report

- SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; Good evening, Im still reporting on: Tucker Blasts Strzoks Emails, 1941 Synopsis: Tucker Carlson tonight blasted the revelations of Peter Strzoks emails of this morning. He believes that no matter what happens from here on, any conclusions the Muellers probe comes to will not be trusted by the American public. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: - - Denas Pair Relief Store - exclusive importers of the Denas PCM 6 portable pain relief device. Call Coach Jimmy at 503-395-4142, or check the website: 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: Get the word Out: Please LIKE, COMMENT & SHARE! Our website: 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:


Trey Gowdy Blasts Rod Rosenstein, 1940 The Still Report

- PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 Good evening, Im still reporting on: Trey Gowdy Blasts Rod Rosenstein, 1940 Synopsis: South Carolina Republican, Trey Gowdy blasted Deputy Attorney General Rod Rosenstein with wave after wave of sarcasm over the conflict-of-interest-free Special Counsels investigation to determine whether there was any collusion between Donald Trump and Russia. So far nothing has been found that sticks to President Trump, however, mounds if evidence of just such collusion between Hillary Clinton and Russia has surfaced, but there appears to be no interest of either the FBI or the Justice Department to do an honest investigation of that. [insert] Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: - - Denas Pair Relief Store - exclusive importers of the Denas PCM 6 portable pain relief device. Call Coach Jimmy at 503-395-4142, or check the website: 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: Get the word Out: Please LIKE, COMMENT & SHARE! Our website: 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 quintesse...


Ex Spy Chief Admits War With Trump 1938 The Still Report

- Virtual Shield VPN - the easiest way to create a home VPN. Go to: Good evening, Im still reporting on: Ex Spy Chief Admits War With Trump 1938 Synopsis: Mike Morell, the former DCI Director, Central Intelligence in an interview in Politico is in essence waving a white flag of surrender to President Trump and begging for mercy for all the Deep State to see. Morell admits that his role in helping to politicize the intelligence community against President Trump was something he and other Deep State spooks didnt think through. Morell, infamously said in a 2016 NYT op-ed that he was committed to helping Hillary Clinton by doing: " everything I can to ensure that she is elected as our 45th president." But he went completely over the edge by saying that candidate Trump was: a threat to our national security. But it gets worse. Morell even said: in the intelligence business, we would say that Mr. Putin had recruited Mr. Trump as an unwitting agent of the Russian Federation. This one statement made Mr. Morell unclearable for the rest of his natural life. This one statement opened the door to the most inept smoke-and mirrors job in intelligence history trying to hide the treasonous relationship between the former Secretary of State and the Russians particularly the Uranium One deal. Smoke and mirrors is one of the oldest disinformation tricks in the spy business blame your political opponent with the crimes you, yourself, have committed in an attempt to divert sufficient attention so that you can get away with your crimes. Well, this set of crimes goes under the treason category, and Mr. Morell knows it, so he wants to be the first one into the life boat. The question is; what drives an entire group of highly-educated, highly-cleared group of top intelligence officials think that they could get away with placing a criminal cabal permanently at the head of the government of the United States of America? Only the memoirs of these guys over the next decade will tell that tale. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with...


FCC Chair Blasts Google & Facebook, 1937 The Still Report

- Trade Genius Academy: Learn the safe, sure way to trade. Good morning, Im still reporting on: FCC Chair Blasts Google & Facebook, 1937 Synopsis: A key part of the lefts propaganda operation is the censorship role Google and Facebook are playing. In my world YouTube censorship is done by whats called demonetization. Its gotten so bad that Now YouTube demonetizes nearly every report I put up. Just yesterday, they even demonetized my report of the new European experimental fission reactor. You just cant get any less controversial than that. Their trick is they will re-monetize it in a couple days long after the bulk of the views have calmed down. Tucker Carlson had the chairman of the FCC on tonight to discuss what he sees as having gone wrong that has allowed this censorship condition to thrive. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: - - Denas Pair Relief Store - exclusive importers of the Denas PCM 6 portable pain relief device. Call Coach Jimmy at 503-395-4142, or check the website: 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: Get the word Out: Please LIKE, COMMENT & SHARE! Our website: 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 tw...


Roy Moore Loses in a Close Race, 1939 The Still Report

- Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: Good evening, Im still reporting on: Roy Moore Loses in a Close Race, 1939 Synopsis: Well, I was wrong. Roy did not win the Alabama special election for US Senate in a landslide. He lost in a close one by 1.7%. But guess what? Had certain Republicans not encouraged the Republicans of Alabama to write in the names of other people Roy Moores total would come to 673,255 a healthy 2,104 votes more than the Democrat. But there were other factors at work. 1. Blatant race baiting by the Dems, resulting in a record black turnout. 2. Strong RINO opposition initiated by Jeb Bush aide Tim Miller and Senate majority leader, Mitch McConnell. 3. A very effective hit-and-run sex smear campaign which the MSM enabled and regurgitated day after day. 4. This led to low turnouts in the Monster Trump vote. 5. Moore had a record of high unfavorable and very close elections in the past. He also made frequent missteps, like comments on slavery and no need for amendments beyond the 10th amendment to the US Constitution. 6. Moore pulled a Hillary by taking off for the final few days of the campaign, probably due to overconfidence. 7. Bottom line: this was a very special election with a very special candidate, significantly hobbled by his past then exaggerated effectively by the Dems. Support Our Sponsors: - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - Nobel Gold: Protect Your Money With Gold - Click Here- Or Call - 877-646-5347 - Jeevy Computers: Move up to business-level computer protection. 800-844-8613 - Trade Genius Academy: Learn the safe, sure way to trade. - Virtual Shield VPN - the easiest way to create a home VPN. Go to: - SeaShell Diamond Gallery, Custom Fine Jewelry Made in Hawaii. 808-338-9988; - PrepareWithBill - Food Storage You Can Depend On. 888-756-8727 - Kangen Water, ionized, alkaline water, website: - Rugged Reserves, home of the solar-powered tactical flashlight with a 100% lifetime guarantee. Call 800-621-7902. Website: - - Denas Pair Relief Store - exclusive importers of the Denas PCM 6 portable pain relief device. Call Coach Jimmy at 503-395-4142, or check the website: 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: Get the word Out: Please LIKE, COMMENT & SHARE!...


The Face of the Enemy Yesterday and Today The Daily Coin

The Face of the Enemy Yesterday and Today Author: Veniamin Popov  Journal-NEO Over the last few centuries, roughly after the Peace of Westphalia when the borders of states were determined after unceasing and bloody wars, Russia with her vast...

The post The Face of the Enemy Yesterday and Today appeared first on The Daily Coin.


The Michael Flynn Story in 8 Simple Points (Video) The Daily Coin

The Michael Flynn Story in 8 Simple Points Video LaRouche PAC Video Source

The post The Michael Flynn Story in 8 Simple Points (Video) appeared first on The Daily Coin.


Proof of Extraterrestrial Craft in Our Solar System The Event Chronicle

They Are Here: Huge Extraterrestrial Craft In Our Solar System

Strong pictorial evidence of alien spacecraft from the 1972 Apollo16 Mission to the moon as well as from the Cassini probe images of Saturns moons.


Tech Giants Trying to Use WTO to Colonize Emerging Economies naked capitalism

Tech titans like Google and Apple seek to create a "global" regime to prevent developing economies from protecting their companies or data.


Ajit Pai is going to lose. Net neutrality activists will win Congressional Resolution of Disapproval to overturn FCC repeal Fight for the Future

FOR IMMEDIATE RELEASE: December 14, 2017
Contact:, 978-852-6457

Today, the FCC is expected to vote to gut net neutrality protections amid widespread protests and overwhelming opposition from across the political spectrum. Ajit Pais extreme proposal would hand giant telecom companies like Verizon and Comcast the power to control what we see and do online with new fees, throttling, and censorship. But thats not going to happen.

Today the organizations behind and Team Internet (Demand Progress, Fight for the Future, and Free Press Action Fund) are announcing a massive Internet-wide campaign to demand that our elected officials in Congress use a Resolution of Disapproval under the Congressional Review Act (CRA) to overturn the FCCs illegitimate rulemaking. The backlash to the FCCs attack on the Internet has reached a boiling point. Now every member of Congress will have to go on the record and decide whether to stand up for the free and open Internet or face the political consequences of awakening its wrath in an election year.  

The telecom industry spent millions lobbying and spreading misinformation to pit Internet users against each other and turn net neutrality into a partisan issue. They have failed. Net neutrality has more public support now than it ever has before. Internet users are educated, outraged, and strategic, and they know that Congress has the power to overturn the FCC vote. Lawmakers cannot hide from their constituents on this issue. The Internet has given ordinary people more power than ever before. Were going to fight tooth and nail to make sure no one takes that power away.


In recent months, there have been more than 1 million phone calls to Congress through alone, and nearly half a million Internet users joined Team Internet and connected through text messages to engage in on-the-ground activism, including more than 1,000 protests, constituent meetings with lawmakers, and town halls across the country. Thousands of startups, small busi...


Soros-Funded Propagandists Coming To 7 US States in 2018 The Daily Coin

Soros-Funded Propagandists Coming To 7 US States in 2018 by Tim Brown Freedom Outpost Propublica, the leftist publication that put out a hit piece tied to the Southern Poverty Law Center attacking the likes of Pamela Geller, Robert Spencer,...

The post Soros-Funded Propagandists Coming To 7 US States in 2018 appeared first on The Daily Coin.


Druckenmiller: Central banks are financial worlds Darth Vader (Video) The Daily Coin

Druckenmiller: Central banks are financial worlds Darth Vader Video CNBC via GoldSilver CNBCs Kelly Evans talks to Duquesne Family Office CEO Stanley Druckenmiller about the current state of deflation. Druckenmiller: Central banks are financial worlds Darth Vader from...

The post Druckenmiller: Central banks are financial worlds Darth Vader (Video) appeared first on The Daily Coin.


Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price The Daily Coin

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price by Jan Skoyles GoldCore FOMC follows through on much anticipated rate-hike of 0.25% Spot gold responds by heading for biggest gain in three weeks, rising...

The post Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price appeared first on The Daily Coin.


What Can We Forecast About Next Year? The Big Picture

Around this time of year, a full field of foolish forecasts find their way to the public. Analysts, economists, strategists all roll out their various Outlook for 2018. I have been pointing out how silly this process is for a long time. It is nice to see bigger firms and mainstream economists starting to come

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The post What Can We Forecast About Next Year? appeared first on The Big Picture.


The rise of the robots and productivity pessimism cant both be right Resolution Foundation

Talk of looming automation, AI and robots is pervasive in public policy chat including in the governments new industrial strategy. Almost as common are projections that the weak growth of the past decade is here to stay including in the latest official economic outlook. Sometimes these assumptions are even mentioned in the same breath. But these forecasts cant both be right, and one outcome is definitely preferable to the other.

In the robots view of the next ten or twenty years, machine learning will allow many jobs or tasks to be automated; from driving taxis to diagnosing disease and from cashiers to translators. And its not just AI. Greater physical capability could mean ubiquitous flying drones, robots on construction sites and the continued mechanisation of manufacturing. The new industrial strategy argues that the world is undergoing a technological revolution of a scale, speed and complexity that is unprecedented. Similarly, Labours Future of Work Commission states that both the scope and pace of the current technological revolution are likely to be at least as great as any that has gone before.

But at the same time the governments independent economic forecasters, the Office for Budget Responsibility, have downgraded their forecast for growth in productivity or how much the country produces compared to the total number of hours worked by humans. Crucially, their projections are based not on expectations about future technology but purely on what past trends would suggest.

Over the three decades before 2008, productivity per hour grew at an average of 2.3 per cent a year. Going back even further, productivity growth from 1837 to 2007 as a whole averaged 1.9 per cent a year. Alongside education, infrastructure, management, trade and other factors, technological progress was an absolutely central part of this. After the financial crisis, it was generally assumed by forecasters both in the UK and around the world that those long-term productivity growth rates would return or perhaps even that wed make up the lost ground with a period of rapid catch-up growth. But instead productivity growth in the UK over the last decade has averaged only 0.1 per cent a year. And this productivity puzzle was shared to varying degrees across richer countries.

As the years have worn on, the idea that this stagnation might not just be temporary has accordingly gained credibility. The Office for Budget Responsibilitys productivity forecast downgrade reflects this notion that...



PAY US: BLACK WOMEN REQUEST PAYMENT FOR HELPING DOUG JONES WIN ALABAMA ELECTION by CHRIS MENAHAN The Daily Sheeple TDC Note- Pay me sounds like a cry from someone that is has been Black women became one of the...




CATHERINE AUSTIN FITTS BITCOIN OP DIGITAL SLAVERY & SPACE ECONOMY! Video Dark Journalist Human Society vs Digital Slavery & Transhumanism In this fascinating episode Dark Journalist Daniel Liszt welcomes back Former Assistant Housing Secretary and Solari Report Publisher...



10 Thursday AM Reads The Big Picture

My not spending my tax cut just yet morning train reads:  Women Investors Get a Bad Rap (Next Avenue)  For Factor Investors, It Pays to Go Small (Morningstar)  The Amazon Machine (Benedict Evans) see also How 2017 Became a Turning Point for Tech Giants (New York Times)  Impact Investing Can Put a Profitable Spin on Charity (Fortune)  All

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Charles Hughes Smith & Chris Waltzek Ph.D. (Podcast) The Daily Coin

Charles Hughes Smith & Chris Waltzek Ph.D. Podcast Radio Gold Seek Highlights Charles Hughes Smith from the Of Two Minds blog returns with commentary on the cryptocurrency bonanza. Real-world, peer-to-peer Bitcoin applications yield exceptional utility for all global inhabitants. The...

The post Charles Hughes Smith & Chris Waltzek Ph.D. (Podcast) appeared first on The Daily Coin.

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Thursday, 14 December


Why the New Tax Reform Bill Is a Win-Win for Gold The Daily Coin

Why the New Tax Reform Bill Is a Win-Win for Gold From Birch Gold Group During his election campaign, one of Trumps promises was to lower taxes. And now, its expected to become a reality. The new tax reform bill...

The post Why the New Tax Reform Bill Is a Win-Win for Gold appeared first on The Daily Coin.


Yellen Proclaims Its Different This Time (Video) The Daily Coin

Yellen Proclaims Its Different This Time Video Peter Schiff Video Source

The post Yellen Proclaims Its Different This Time (Video) appeared first on The Daily Coin.


Gaia and AI: Is James Lovelocks Shock Prediction Coming True? The Event Chronicle


By William Henry

Can you imagine an artificially intelligent Gaia bot, a humanoid and sentient, but synthetic, organism with a fake celebrity face, emerging from the collective consciousness of AI and speaking for Gaia? Can you imagine this bot running the world and controlling human behavior in the name of saving the Earth? Can you imagine billions of people lining up to receive a neural implant that will interface them with the Gaia bot or face elimination?

You will. At least in a scary vision of eco-mystics and AI-mystics where humans merge with machines to save Gaia.

Of course, this merging is not theoretical. It is happening right before our eyes. The pace of this merger is accelerating. Dr. James Lovelock, who coined the term Gaia hypothesis shockingly predicted this merger, or even a take-over or elimination of humanity by robots, two years ago (more momentarily).

If one it is at all interested in saving Gaia, and humanity, it is time to listen to him.


In 1979, Lovelock, a British chemist, was hired by NASA to assist in its search for evidence of extraterrestrial life. Lovelock pondered the intelligence or consciousness (my terms) which enabled Earth to be so different from its cosmic neighbors, the dead and frozen Mars, and super hot and toxic Venus, and maintain life. It appeared as if something tran...


Was John Brown Sane? Mises Wire

By: Chris Calton

The exploits of John Brown have long fascinated historians. His actions, for better or worse, certainly had a significant effect on the country prior to Southern secession, but the fascination with Brown is largely driven by the enigma the man himself has proven to be. In trying to explain his actions and motives, historians have wrestled with questionable and biased testimonies by the people who knew him, and many of the mysteries surrounding John Brown have been explained then and now by mental disorders.

But was John Brown crazy? Diagnosing historical figures is an ambitious task, but the history of where the insanity claim for John Brown came from is insightful.

Psychiatry was evolving in the medical field in the beginning of the nineteenth century. For centuries, physicians in the western world acknowledged four basic psychological illnesses. The first was mania, which was exhibited through erratic behavior, irritability, and wild, racing thoughts. Second was melancholia, which was essentially depression. The third was dementia, defined much as it is today. And finally, there was delirium, which was characterized by hallucinations, delusions, and disorientation.

In 1838, Isaac Ray published his Treatise on the Medical Jurisprudence of Insanity. This work was used largely to aid psychiatric diagnoses for legal purposes. For mania, Ray offered sub-categories that sought to refine this classic form of madness. Partial intellectual mania described what was, at the time, commonly being referred to as monomania. Symptoms for monomania varied, describing cases that would likely be diagnosed by modern psychiatrists under various distinct labels. In one class of cases of monomania Ray wrote about, the disorder would breed a train of morbid ideas, with one insane notion disappearing to give place to another and another.

In a later section, Ray writes, Though monomaniacs are generally ready enough to declare their predominant idea, yet when sufficient inducement exists, such as interests, fear of ridicule etc., they will occasionally conceal it.

Ray also devoted a chapter to what he termed moral mania, which included a...


Let the (Tax) Games Begin The Big Picture

So heres the thing about the current set of Tax Reform and Tax Cuts out of conference and heading to a vote next week: It is not a simplification; it is not a consistent philosophical body of work. It is a hodgepodge of unrelated changes, cuts, and increases; a few loopholes closed and more opened.

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The Crisis Ahead: The U.S. Is No Country for Older Men and Women naked capitalism

Yves here. I imagine many readers are acutely aware of the problems outlined in this article, if not beset by them already. By any rational standard, I should move now to a much cheaper country that will have me. I know individuals who live most of the year in third-world and near-third world countries, but []


Debt Rattle December 14 2017 The Automatic Earth

Joseph Mallord William Turner Norham Castle, Sunrise 1845   Fed Boosts Benchmark Rate For Third Time This Year (AP) PBOC Raises Borrowing Costs In Surprise Move Following Fed Hike (BBG) European Bond-Buying Tsunami Is Set to Fade as ECB Tapers (BBG) Risk May Be Low But Uncertainty Just Hit Record Highs

The post Debt Rattle December 14 2017 appeared first on The Automatic Earth.


SiliconPV 2018 - 8th International Conference on Crystalline Silicon Photovoltaics Eco-Business

The 8th edition of SiliconPV will be hosted by the cole Polytechnique Fdrale de Lausanne (EPFL). It will be the key event for sharing and understanding cutting-edge developments and upcoming trends in Silicon Photovoltaics. It focuses on science and advanced technologies along the value chain of crystalline silicon cells and modules.


Coal Declining Due to Economics, Not Regulation The Big Picture

Coal Declining Due to Economics, Not Regulation St. Louis Fed On the Economy December 7, 2017       Cheaper alternative energies, not increased regulation, are the main factors driving the decline of U.S. coal consumption and production, according to a recent Economic Synopses essay. Economist Paulina Restrepo-Echavarria, Research Associate Brian Reinbold and Senior Associate Data Specialist Maria Arias

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South African Revenue Service expect turnaround in tax collections The BRICS Post

Recovery in gross operating surplus should boost Company Income Tax collections  

Is the South African economy finally turning a corner? [Xinhua]

The South African Revenue Service (SARS) said at its media briefing on the 2017 Tax Statistics on Tuesday that it expected a turnaround in tax collections as the economy improved after a slowdown in 2016.

We expect a turnaround in company tax collections as the economy improves, but this will come with a lag, Dr Randall Carolissen, the SARS head of revenue and research said.

The gross operating surplus growth rose to 6.1 per cent year-on-year (y/y) in the third quarter from 5.1 per cent y/y in the second quarter and only 3.9 per cent y/y in the first quarter 2016.

Company Income Tax (CIT) is a tax levied on the taxable income (gross income less exemptions and allowable deductions) of companies and close corporation and it is the third largest contributor to total tax revenue for the past decade.

Although CIT has maintained its status as the third largest contributor, its relative contribution has declined from the pre-recession peak of 26.7 per cent in tax year 2008/09 to 18.1 per cent in tax year 2016/17.

This is further demonstrated by the reduction in the CIT-to-GDP ratio, which decreased from 6.9 per cent to 4.7 per cent during this period. The decline can largely be attributed to reduced company profits in the face of weak global demand following the global financial crisis.

CIT from the mining sector was the second largest after the financial sector contributor at R16 billion ($1.19 billion) in 2016/17, so the recovery in both commodity prices since the first quarter 2016 and an increase in commodity volume exports to a record high in October 2017 should show up in CIT collections shortly.

The third largest was transport and communications, while the fourth largest was retail trade. The former should be boosted by the increase in the volume of goods transported by land, while the latter should improve due to the recovery in real retail sales.

Treasury had anticipated only subdued domestic demand with household consumption only expected to grow by 1.0 per cent this year. Instead, household consumption expanded by 1.4 per cent in the first nine months, which is why wholesalers and retailers had to deplete their inventories to satisfy burgeoning demand.

That demand surge was based on solid income advances, as the compensation of employees grew by a nomin...


Companies in climate probe could lose investors: Philippine Human Rights Commission Eco-Business

The worlds first national enquiry framing climate change as a human rights issue has been filed before the Commission on Human Rights of the Philippines, but respondents are questioning its jurisdiction.


Student Loan Defaults Approach 5 Million.Using a Very Permissive Definition of Default naked capitalism

The latest sighting on the student loan front is not pretty, and would be even uglier if the right metrics were used.


Are younger societies more innovative? Marginal REVOLUTION

Franois Derrien, Ambrus Kecskes, and Phuong-Anh Nguyen have a new paper on this topic, and basically the answer is yes, because of labor supply effects:

We argue that a younger labor force produces more innovation. Using the native born labor force projected based on local historical births, we find that a younger age structure causes a significant increase in innovation. We use three levels of analysis in succession commuting zones, firms, and inventors to examine or eliminate various effects such as firm and inventor life cycles. We also find that innovation activities reflect the innovative characteristics of younger labor forces. Our results indicate that demographics increase innovation through the labor supply channel rather than through a financing supply or consumer demand channel.

Here is the SSRN link.

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Urban greening is good for the environment. Let's make sure it's good for local residents, too Eco-Business

These four strategies can help cities foster environmentally friendly urban renewal while avoiding gentrification.


How to understand modern China Marginal REVOLUTION

Ari emails me:

On a completely different note, if I want to understand modern China what books, articles, etc. should I be reading? Do I start with a textbook? Historical scholarship? Fiction? Is Wikipedia the way to go?

Start by asking someone who understands modern China is my first response!  But since you have failed that test, here are a few pointers:

1. Unless your mental architecture is very different from mine, books about sequences of dynasties are mind-numbing and not readily absorbed.  So you first need some context to fit those pieces into.

2. Here is a wonderful syllabus on Chinese economic history, by Dr. Melanie Meng Xue.  Read it all.  I dont find most books on China to be very useful.  They may be full of true claims, but the frequency of repetition, across books, tends to be very high.

3. Set up a Twitter/RSS feed to follow China today.  Here are seven excellent sources, more are listed at the end.  Set up a separate Twitter account to follow people who cover China, they are more interesting than those who write on U.S. domestic politics.  After all, this is mankinds greatest story of the current day.

4. Find an entry point into China of independent intrinsic interest to you, be it basketball, artificial intelligence, Chinese opera, whatever.  Follow that area, and dont bother trying to generalize.  Just have fun.

5. Subscribe to the email newsletter of Bill Bishop.

6. Alternate your interest between stories that make China seem quite normal and stories that imply China is pretty weird.  But what is the right balance of those?  Nobody knows!  Experiment, realizing you dont have a useful feedback mechanism.  Here are a few China stories I have sampled recently:

The Chinese dont want us to call it tofu any more.

Beijingers read on average an hour a day.

Chinese man repaints road markings to make his commute quicker.

P.F. Chang to open in Shanghai.  But marketed as an American bistro.



Off The Cuff: Are We About To See Taper Tantrum 2.0? Peak Prosperity

Off The Cuff: Are We About To See Taper Tantrum 2.0?

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Taper Tantrum 2.0?
    • The Fed wants to tighten. But can it?
  • Bad Balance Sheets
    • Can central banks simply hold their bad assets forever?
  • The Flattening Yield Curve
    • A classic signal of approaching recession
  • Bitcoin
    • Trying to make sense of the recent run-up

Recorded before today's FMOC announcement, Chris and Axel discuss the next moves of the central banks, who's intervention and collusion have driven markets more than any other factor over the past decade. Most people don't realize that monthly liquidity injections are currentlyat their highest ever since QE began.

Now that the Fed is talking seriously about tightening -- can it? Or will the markets revert to throwing a tantrum as the global liquidity spigots begin to reduce their flow?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

Join the conversation



Three-year cut to life expectancy from coal heating Eco-Business

Lives in northern China are shorter than in the south because of air pollution from heating, reports Feng Hao.


New Report Outlines How Australian Cities Can Achieve Climate Resilience Shareable New Articles

A new research report and engagement project explores how Australian cities can achieve rapid decarbonization and increased resilience in the face of climate change.


National Geographic LIVE! Presents: Building the Photo Ark with Joel Sartore Eco-Business

National Geographic, in partnership with Nanyang Technological University Singapore (NTU Singapore) and Singapore Zoo, is bringing back epic tales of adventure and photography on 27 January 2018.


EarthFest 2018 Eco-Business

Only those who reserved tickets in advance should attend. Free Tix at See a promo video here.


Do You Know What Is In The Tax Bill That Congress Is About To Pass? The Economic Collapse

A conference committee has been merging the tax bills that were passed by the House of Representatives and the Senate, and even though we could still see some minor changes, it looks like the major parameters of the final bill have now been agreed upon.  The final bill will be known as the Tax Cuts and Jobs Act, and we are being told that it will be one of the largest tax cuts in U.S. history.  Unfortunately, the impact on our tax bills will be relatively minor, but at least it is a step in the right direction.  The following summary of the major provisions in the final bill comes from AOL

  • A less generous corporate rate cut: Republicans may cut the corporate rate to 21% from the current federal rate of 35%, instead of the 20% proposed in both the house and Senate bills. The new rate would start in 2018.
  • A lower top individual tax rate: The top individual bracket would drop to 37% instead of the 38.5% proposed in the Senate bill. It would still be down from the current 39.6%.
  • Keep the estate tax, but raise the threshold to qualify: Instead of phasing out the estate tax over time, like the House bill, the compromise bill would instead simply increase the threshold for an estate to qualify from $5.6 million to around $11 million. That aligns with the Senate bill.
  • Repeal the corporate alternative minimum tax (AMT): The corporate AMT in the Senate bill was a sore spot for many companies because it would have negated the effects of many popular deductions and credits, like the research and development credit.



Time running out for construction sector to cut energy use, meet climate goals UN Eco-Business

The Global Status Report 2017, from the Global Alliance for Buildings and Construction finds that the sector continues to grow, with the energy intensity per square meter of buildings needing to improve 30 per cent by 2030.


International Science-Policy Conference on Climate Change in Pakistan Eco-Business

Introduction Pakistan is among the top ten most affected countries on the Global Climate Risk Index (CRI, 2016), and currently faces a number of climate-related challenges, including rising temperatures, unpredictable changes in precipitation patterns, increased frequency and intensity of extreme weather events, recurring droughts and floods, groundwater pollution, rising sea levels, potential for heightened conflicts over water rights between riparian regions, increased health risks due to changes in disease vectors, environmental degradation, especially of water-related ecosystems, declining agricultural productivity, and governance issues associated with these stresses.


Facebook Exec: Dopamine Driven Feedback Loops Are Destroying American Society The Big Picture

Chamath Palihapitiya, founder and CEO of Social Capital, explains why he suffers guilt over the problems created by Facebook: Another former Facebook executive has spoken out about the harm the social network is doing to civil society around the world. Chamath Palihapitiya, who joined Facebook in 2007 and became its vice president for user growth,

Read More

The post Facebook Exec: Dopamine Driven Feedback Loops Are Destroying American Society appeared first on The Big Picture.


No. 925: November CPI and PPI Inflation, FOMC Shadow Government Statistics

(SGS Subscription required) Unable to Escape 2008, FOMC Boosted Rates a Quarter-Point, Nonetheless, Amidst Fed Projections of Lower Unemployment and a Stronger GDP Yet, Fundamentals Still Point to a Weaker Economy as Fed Chair Janet Yellen Described the Economic Outlook as "Highly Uncertain" Prospects for U.S. Economic and Financial-Market Activity Continued to Darken; Faltering Real Consumer Credit and Earnings Do Not Support the Purported Boom Amidst Downside Prior-Period Revisions, Fourth-Quarter 2017 Real Average Weekly Earnings Were on Track for Second Consecutive Quarterly Contraction Monthly and Annual Jumps in CPI and PPI Were Due to Gasoline Price Swings; Headline Inflation Gains Were Not Due to Strong or Over-Heating Economic Activity November 2017 CPI-U Monthly Inflation Jumped by 0.39% (Was 0.11%) Pulling Annual CPI-U Inflation Higher to 2.20% (Was 2.04%), with CPI-W at 2.32% (Was 2.06%) and ShadowStats at 9.9% (Was 9.8%) November 2017 Final-Demand PPI Inflation Monthly Gain of 0.44% Pulled Annual Gain to a 70-Month High of 3.07%, versus 2.79% in October 2017 Continuing Monthly Jump of 0.44% in November PPI was Dominated by Gain of 0.98% in Goods Inflation (4.63% Energy Gain), Versus Gain of 0.17% in Services Inflation Will Soften November Real Retail Sales Growth versus Nominal Growth by 0.4% (-0.4%) Month-to-Month, 2.2% (-2.2%) Year-to-Year



3D printers are useful devices for all kinds of reasons, but most have a critical weakness: they simply take a long time to actually make anything. Thats because additive manufacturing generally works by putting down an object one microscopic layer at a time. But a new holographic printing technique makes it possible to create the entire thing at once in as little as a second or two. Light-based 3D printing techniques generally use lasers to cause a layer of resin to harden in a pattern, but like extrusion printers, they have to do it layer by layer. If the laser shined all the way through the liquid resin, it would cause a big line of it to cure. But what if you shined multiple weaker lasers through the resin, none of which was powerful enough to cure it except when they all intersected? Thats the technique developed by a team led by researchers at Lawrence Livermore National Laboratory. This basic idea has been applied in several other domains: by carefully overlapping weak beams of light, sound or radiation, you can expose a chosen volume to a critical amount while leaving other areas largely untouched. In this case, the three beams of light must be carefully patterned to only intersect with each other and produce that constructive interference in the exact points that need to solidify. And once that pattern is set, it only takes a handful of seconds to actually complete the process of curing the resin drain it away and your object is ready to use.You also could quickly print multiple structures simultaneously a bunch of dice, for instance. So you see 3D all at once fabrication is possible, lead researcher Maxim Shusteff told TechCrunchits not hard to imagine parties that would be interested in a 3D printer that creates things in a few seconds rather than, at the very least, several minutes, and more often, hours. This is going to revolutionize EARTH life completely.
The future is NOW.

havent posted on 3d for a while but its still there and getting real fast..

a new holographic printing technique makes it possible to create the entire thing at once in as little as a second or two.

3d is revolutionary..but it will cost millions of humans their jobs in the long run..but thats progress so they say..


Filed under: 3D, World News ...


Doctor Found Murdered after Exposing Clinton-Foundation non-existent medical aid in Haiti The Event Chronicle

A well-known surgeon who exposed major inadequacies in medical trauma care promised to the Haitian people by the Clinton Foundation after the non-profit raised over $30 million dollars in donations following the devastating 2010 earthquake was found dead in his upscale apartment Sunday with a stab wound to the chest.

Dr. Dean Lorich, 54, was found lying dead on the bathroom floor of his apartment by his 11-year-old daughter with a knife sticking out of his chest.

The predominant surgeon gained notoriety after operating on U2s frontman Bono and former running back Michael Cox but had also worked overseas in Haiti where he discovered an almost non-existent medical effort backed by the Clinton Foundation.

In fact, in January of 2010, Dr. Lorich sent a detailed email to a confidant which ended up getting forwarded to Cheryl Mills who was Counselor and Chief of Staff to Secretary of State Hillary Clinton at the time before being forwarded on again to Secretary of State Hillary Clinton.

The doctors correspondence, provided by Wikileaks, was critical of how the situation in Haiti was being handled.

Disaster management on the ground was nonexistent, the doctor wrote. Cheerios on the tarmac are not getting it done on these patients which clearly would be savable if good care could urgently be provided.

However, the email was only a precursor to the bombshell the doctor dropped publically just days later on Jan. 25, 2010, in a piece for CNN titled Doctors: Haiti medical situation shameful which detailed the conditions overseas and again the doctor took veiled shots at the Clinton Foundation.

Once we arrived, we saw a severely damaged hospital with no running water and only limited electrical power, supplied by a generator. Surgeries were being performed in the equivalent of a large storage closet, where amputations were performed with hacksaws, the doctor wrote. This facility could not nearly accommodate our equipment nor our expertise to treat the volume of injuries we saw.

Thats when the medical team decided to go with Plan B which was to set up at the Community Hospital of Haiti located several miles away. However, what the team found when they arrived at the hospital was horrific at best....


Donald Trump wants to send man back to Moon Follow The Money

At a time when China is working on an ambitious lunar program, Mr Trump has vowed that the United States will remain the leader in space exploration, and kicked off a process to return Americans to the Moon.

Mr Trump has signed a policy directive instructing the National Aeronautics and Space Administration (NASA) to refocus Americas space program on human exploration and discovery.

[The move] marks an important step in returning American astronauts to the Moon for the first time since 1972 for long-time exploration, he said.

Past presidents, including George HW Bush and George W Bush, have also proposed returning to the Moon and missions to Mars, but budget constraints derailed their plans.

Mr Trump was joined at the White House by several current and former astronauts, including Buzz Aldrin, the second man to walk on the Moon, and former US senator and Apollo 17 astronaut Harrison Jack Schmitt, one of the last people to walk on the Moon.

The President said he was taking a giant step toward reclaiming Americas proud destiny in space.

Today we pledge tha...


IMF warns over large risks for Chinas financial system Follow The Money

The growing debt dependency at a dangerous pace by the worlds second-biggest economy, China, has raised International Monetary Fund (IMF) concerns. The fund has warned of large risks and imbalances.

According to the IMFs health check of Chinas financial system, four-fifths of the countrys banks are at risk. Chinas big four banks had adequate capital, but large, medium and city-commercial banks appear vulnerable, it said.

The systems increasing complexity has sown financial stability risks, the IMFs assessment said. Credit growth has outpaced GDP growth, leading to a large credit overhang.

The countrys debt is now equivalent to 234 percent of the countrys total output, the IMF report showed.

The apparent primary goals of preventing large falls in local jobs and reaching regional growth targets have conflicted with other policy objectives such as financial stability.

The IMF has acknowledged that President Xi Jinping is taking steps to contain the risks and is committed to improving financial security. It added Beijing should adjust its economic strategy further and create a body to focus solely on financial stability.

Supervising one of the worlds largest and most complicated systems is a challenging task. The Chinese authorities have worked hard to keep pace with growth and innovation, but as in all countries, many gaps remain, the IMF said.

We recommend the authorities to de-emphasize the GDP growth, said Ratna Sahay, deputy director of the IMFs Monetary and Capital Markets Department.

She added that implicit guarantees to SOEs [state-owned enterprises] need to be removed carefully and gradually.

The IMF has also warned against the rapid development of new financial products, which it said could very rapidly become large an...


Volkswagen senior manager sentenced to 7 years in prison over Dieselgate Follow The Money

One of Volkswagens most senior executives has been sentenced to 7 years in a US prison over his role in the companys diesel emissions scandal.

Oliver Schmidt was convicted of concealing software that enabled Volk...


Bitcoin Futures Plunge Fiat Crypto-Space Crumbles: Gold Buying Increases Political Vel Craft

The days slide started around 9amET, when a burst of gold buying appears to have reset the correlation between XAU and BTC: Just a few hours later, Bitcoin is back below $16,000. [Who in the world can afford 1 Bitcoin ~ The US Middle Class? Think Again!] Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesnt Serve []


Has Our Government Spent $21 Trillion Of Our Money Without Telling Us? The Event Chronicle

By Laurence Kotlikoff

I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State University. 

No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time. ~ Article I, Section 9, Clause 7, The US Constitution

On July 26, 2016, the Office of the Inspector General (OIG) issued a report Army General Fund Adjustments Not Adequately Documented or Supported.  The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments.  According to the GAOs Comptroller General, Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly.

(Note, after Mark Skidmore began inquiring about OIG-reported unsubstantiated adjustments, the OIGs webpage, which  documented, albeit in a highly incomplete manner, these unsupported accounting adjustments,  was mysteriously taken down. Fortunately, Mark copied the July 2016 report and all other relevant OIG-reports in advance and reposted them here. Mark has repeatedly tried to contact Lorin Venable, Assistant Inspector General at the Office of the Inspector General.  He has emailed, phoned, and used LinkedIn to ask Ms. Venable about OIGs disclosure of unsubstantiated adjustments, but she has not responded.)

Given that the entire Army budget in fiscal year 2015 was $120 billi...


Hey Artificial Intelligence Demon F#@K OFF! The Event Chronicle

The Artificial Intelligence alarm bells are FINALLY going offBIG TIME. Insiders in government and tech are openly acknowledging that with AI we have more than summoned the demon, as Elon Musk says, we are feeding it crappy food and it is shitting on u(s). This week Stephen Hawking said AI could destroy humanity and WebSummit confab founder, Paddy Cosgrave, dropped bombs on the megalomaniacal and monopolistic corporate entities like Google and Facebook who are raising this demon. Insiders are saying it is time to put a leash on AI developers before they unleash any more alien shit on us and/or tell their AI demon where to go.

By William Henry

Techies are going deep and talking the ethics of AI at Paddy Cosgraves influential Web Summit, held in Lisbon November 8-10, 2017 . It is time to make new rules for AI, Cosgrave said. The presence of the AI demon Musk warned we are summoning filled the event.

In an effort to direct the conversation (or to head off negative publicity), on October 4, 2017 Googles AI-research arm DeepMind announced the creation of a new unit dedicated to exploring the impact and morality of the way AI shapes the world around us. Christened (by them) DeepMind Ethics & Society(DMES), the team aims to help technologists put ethics into practice, and to help society anticipate and direct the impact of AI so that it works for the benefit of all. (Funny, but without the letter p deepmind is deemind, which rings of demoned. Substituting DeepMind Ethics & Society for Demon Ethics & Society may be more than a pun. It may take us to the core of this matter.)

No matter what the ethics committee is called, having an AI developer run it is rather like the proverbial fox telling the hens that he will be a good boy and that they can trust him to reign in his desires by creating an ethics committee and to work for the benefit of all. As I have shown, Silicon Valley is a...


Do Graduate Degrees Produce Value? Mises Wire

By: Peter G. Klein

One of the more contentious aspects of the tax reform bill currently going through Congress is a proposal to treat the value of graduate-student tuition waivers as taxable income. In the US most PhD programs charge tuition, like undergraduate programs, but PhD students are typically granted a waiver of tuition along with a modest stipend to cover living expenses. In the early versions of the tax bill, the value of this waiver -- which could be $50,000 to $60,000 at a private university -- would be classified as taxable income. University officials, graduate student associations, academics, and most journalists have condemned this aspect of the tax plan. As a university professor I have received multiple communications urging me to write my Congressional representatives, speak out publicly, and otherwise fight to defeat this legislation.

As of this writing, it appears the tuition-waiver piece will not be in the final bill, so university officials, the AAUP, the grad student unions, and other graduate-education supporters can rest easy. Maybe all that lobbying paid off.

While I don't support tax increases as a matter of principle, the arguments I heard for defeating the proposal were not very convincing. Most advocates for increased public funding of science, technology, graduate programs, and higher education more generally simply assert that their favorite projects are vital to the well-being of humanity. I saw multiple social media posts and similar items explaining that a PhD student on, say, a $20,000 annual stipend cannot possibly afford the taxes on the value of a $50,000 tuition waiver. "I would never have completed my degree!" say the professors. "I would have to drop out!" say current PhD students. OK, but how is that an argument against the tax bill? 

Note that the US tax rules on gifts are complicated. Inheritances are obviously taxable, as are most tangible gifts. For example, if a person earning $20,000 goes on a TV game show and wins a car or a vacation worth $50,000, the prize value is considered taxable income, just like cash. If the winner complains, "But I can't afford the taxes," many people would reply, "then you shouldn't have gone on the show!" Likewise, one might tell a PhD student, if you can't pay the taxes on your tuition waiver, and can't borrow against your future earnings to pay it, then maybe you should consider another career path. Most likely, if tuition waivers become taxable, s...


One of the SEALED INDICTMENTS has been un-sealed: Massachusetts State Senator ARRESTED The Event Chronicle

Former Massachusetts state Sen. Brian Joyce was arrested and charged with running his office as a criminal enterprise Friday, and is now facing a 113 count indictment from the federal government.

Joyce is reported to have gained $1 million through bribes and kickbacks and has also been charged with racketeering, extortion, honest services fraud, money laundering, and conspiracy to defraud the IRS, according to Newsweek.

The 55-year-old Democrat was taken into custody by the FBI after a two-year investigation and was found to have accepted hundreds of pounds of Dunkin Doughnuts coffee, after he pulled strings for a local franchise owner, Newsweek reports.

Prosecutors accused Joyce of using his law firm to launder money while he was still working as a state legislator.

This is the second time this month a Massachusetts Democrat has been embroiled in a massive scandal. Massachusetts Senate President Stan Rosenberg resigned last week, amidst reports his husband Bryon Hefner had been sexually inappropriate with four separate men.

Rosenberg said Hefner is seeking treatment for alcohol dependency, and will be admitted to an inpatient treatment center for his addiction.

Rosenbergs resignation, however, is said to only be in effect for the duration of the investigation, according to MassLive.

The arrest of Senator Joyce comes after one of the 4,289 federal sealed indictments reported by this web site earlier, was unsealed.  MANY more to go!

This article (One of the SEALED INDICTMENTS has been un-sealed: Massachusetts State Senator ARRESTED) was originally published on Hal Turner and syndicated by...


Operation Atonement: Ending the Reign of Criminal Churches The Event Chronicle

Commencing on Child Holocaust Remembrance Day: April 15, 2018

Under the auspices of The International Tribunal of Crimes of Church and State (ITCCS)

The Aim:

1. To identify, disrupt and stop church-related child torture, trafficking and murder and the institutions causing it, and

2. To enforce standing common law arrest and reclamation warrants against convicted churches and individuals.

The Means:

1. Public Teach-ins and Educational Forums

2. Public Protests and Non-Violent Civil Disobedience and Occupations

3. Citizen Arrests and Seizure of Criminal Assets and Property

4. Public Tribunals and Common Law Court Trials

5. Long-term Boycott and Financial Sanctions and Sabotage

The Actors:

We the People, authorized by Court Warrants and accompanied by Common Law Sheriffs, special action units and deputized police officers.

Background Information

The growing global effort to halt the systemic abuse and trafficking of children was sparked by the ITCCS in February of 2013 when its Brussels-based common law court successfully tried and deposed Pope Benedict, and convicted Queen Elizabeth and others for complicity in Crimes against Humanity. Since then, similar courts have issued arrest warrants against the highest officials of the Catholic, Anglican and United Churches and their governmental and corporate partners in crime. It is now up to the people of all countries to take direct action to halt the massive child trafficking networks run by these churches because of the deep complicity of existing courts and governments with their crimes. As convicted criminal bodies, these churches have lost the right to legally operate under both international and moral law and We the People must be the ones to enforce this law and defend children everywhere.

The ITCCS and its affiliates in nine countries are launching a new global effort to bring an end to the reign of these child-killing networks in the form of Operation Atonement. We have chosen April 15, 2018 as the commencement date for this open-ended, ongoing campaign, since on that day in the year 2005 survivors of the genocidal Indian residential schools in Canada launched the first Aboriginal Holocaust Remembrance Day. Building on this, we are now commencing an even broader Child Holocaust Day so that eventually the gl...


Strange tumbling motion of cigar-shaped interstellar comet Oumuamua suggests its an alien probe The Event Chronicle

Last month, a mysterious cigar-shaped asteroid sailed past Earth, marking the first time an interstellar object has been seen in the solar system

By Shivali Best

Today, scientists led by Stephen Hawking are using high-tech scanners to discover if a huge, cigar-shaped comet is in fact, an alien probe.

Now, one astronomer claims that the space rock, named Oumuamua, could be an alien spacecraft with broken engines that is tumbling through our solar system.

Dr Jason Wright from Penn State University suggests that a broken alien spacecraft  move in exactly the same way as the interstellar comet.

Oumuamua is about a quarter of a mile long, 260ft wide and currently travelling at 196,000mph.

Rather than moving through space like other space rocks, astronomers believe that it is tumbling through our solar system.

Writing in his blog, Dr Wright, an associate professor of astronomy and astrophysics at Penn State University, says: Such derelict craft would, if they are not travelling so fast that they escape the Galaxy, eventually thermalize with the stars and end up drifting around like any other interstellar comet or asteroid.

In fact, since they (presumably) no longer have attitude control, one would expect that they would eventually begin to tumble, and if they are very rigid that tumbling might distinguish them from ordinary interstellar asteroids and in fact, just because their propulsion is broken doesnt mean that their radio transmitters would be broken.

Dr Wright suggests that the object could be a Von Neumann probe a theoretical self-replicating spacecraft that visits star systems.

He added: Such a discovery would imply that there are lots of these things in the solar system at any given moment (even if they are deliberately targeting the sun, they are hard to spot and well miss most of them), and so lots of opportunities to study them.

Dr Wright previously suggested the mysterious dimming of star KIC 8462852 also known as Tabbys Star could be caused by an alien megastructure called a Dyson Sphere.

His la...


NASA to make major alien-hunting announcement on Thursday after teaming up with Googles AI in the search for habitable planets The Event Chronicle

By Harry Pettit

Nasa is set to make a major announcement in its hunt for alien life on Thursday.

Very few details have been revealed about the briefing this week, which will take place via teleconference on at 1:00pm ET (6:00pm GMT).

However, Nasa says the news will focus on work done by its Kepler planet hunting telescope which has been working with Googles AI system to find potentially-habitable worlds.

The Kepler mission has spotted thousands of exoplanets since 2014, with 21 Earth-sized planets now known to orbit within the habitable zones of their stars.

The briefing is likely to reveals the telescopes latest catalogue, which is set to be Nasas best look yet at possible alien planets.

Nasa is set to announce a major discovery made by its planet-hunting Kepler space telescope (artists impression) this week, in an event that could help guide the search for alien life. The probes latest discovery was made by researchers using artificial intelligence from Google

The teleconference on December 14, and will be live-streamed on Nasas website.

The discovery was made by researchers using machine learning from Google, Nasa said.

Machine learning is an approach to artificial intelligence, and demonstrates new ways of analysing Kepler data.

Scientists from the Astrophysics Division of Nasas Science Mission Directorate and Ames Research Centre, as well as a senior Google AI software engineer and an expert from the University of Texas at Austin, will reveal the latest planet candidate results at this weeks event.

The Kepler space telescope launched in 2009 and has since helped in the search for planets outside of the solar system that orbit...


Bubble Finance And The Era of No-See-Um Recessions David Stockman's Contra Corner

Todays single most dangerous Wall Street meme is that there is no risk of a stock market crash because there is no recession in sight. But that proposition is dead wrong because its a relic of your grandfathers economy. That is, a reasonably functioning capitalist order in which the stock market priced-out company earnings and the underlying []


Cosmic Disclosure: Emery Smith Whistleblower The Event Chronicle

Cosmic Disclosure with David Wilcock
Season 09, Episode 02
December 12, 2017

Emery Smith, the whistleblower formerly known as Paul, comes forward to reveal his work inside secret biological facilities deep under the New Mexico desert. You may have seen him in the film Sirius, as he was dissecting the Atacama Humanoid body. In this introductory episode, he tells us of his induction into secret military testing facilities at Kirtland, AFB in NM where he was tasked with dissecting tissue samples taken from extraterrestrial bodies. This interview with David Wilcock was originally webcast December 12, 2017.

Emery Smith Whistleblower, Season 09, Episode 02: WATCH NOW

Instructor/Host: David Wilcock
Featuring: Emery Smith
Video Language: English

Watch this episode

Video Transcript

David Wilcock: All right. Welcome to ...


Plasmoid Worm Freaking Out Over Solstice Meditation Pivot Point + MUCH More The Event Chronicle

144k Recruitment Video Launch This Week. Hear It Live For The 1st Time on Ground Crew Command Radio

By The Unknown Lightworker

This weeks special Tuesday episode celebrates two births:

1) The 144,000 Recruitment Drive VIDEO Goes Live For The First Time

This is the birthing of the promotional video for the 144,000 recruitment drive. The very thing we will most rely on to go out there and touch, inspire, and uplift the hearts & minds of the many whose soul path & calling it is to raise their hands step forward and join the 144,000.

I will be playing it live on the show for you, to hear for the first time.

2) I turn 44 this Tuesday, the (get this) 12/12/2017

12 x 12 = 144!

all just a coincidence Im sure  :- )

So what are the chances that the primary organizer & download recipient of the inspiration for the building & activation of the 144,000 just happens to have his date of birth on the 12/12 that = 144 in the same year he turns 44?!

Its important to be aware that the 144,000 Activation Campaign is still in its birthing process despite the official launch being on the 11/11/17 at 11:11am.

Too much going on to have a guest this time as were heading into another major pivot point in the timelines. Dec 17th to Dec 25th with the culminating crescendo on the Solstice, brings upon us the need to muster the troops & rally our Light Beings to the surface for yet again another major showdown.

Ill be getting into this, plus much more on this Ground Crew Command Center thats never boring.

Listen in to this special edition of Ground Crew Command Radio:

What To Shine The Transmutational Light Of Your Consciousness On This Week

  • Tune in to hear provide a full analysis of Cobras latest post.

  • Weve seen a major ramping up of the blacks-o...


Interview with Paladin: The History of the White Hats The Event Chronicle

By Kerry Cassidy

I interview Paladin, a forensic financial investigator and member of the website known as on Thursday, Dec 7th @ 7pm PT regarding the history of the whitehats and their investigations into financial fraud and deception at the highest levels of government. Their investigation leads to high yield trading programs used to finance the secret space program and black projects.

We are a group who have banded together to assist in the worlds awakening by reporting truth and exposing our fraudulent corporate government. We bring forth information that the mainstream media (MSM) refuses to report, and our news comes from high level inside intelligence sources. from about us page.  Sample report with documentation:

White Hats Report #41

Kerry Cassidy is the CEO/ Founder of Project Camelot. Kerry is a documentary filmmaker/investigative journalist and well known radio talk show host of Project Camelot Whistleblower Radio and Project Camelot TV broadcaster with a weekly live show on Youtube. Her website Project Camelot ( aka ) is a leader in the alternative media sector, with a Youtube channel that has over 55 million unique viewers worldwide and over 181,000 subscribers. Kerry travels the world conducting interviews and documenting the testimony of whistleblowers with above top secret clearances as well as authors, researchers and experiencers covering conspiracies, the secret space program, black projects, ETs, kundalini and ascension and free energy. She speaks at conferences around the world and is considered one of the leaders of the disclosure movement.

This article (...


December 13: Daily Contrarian Reads David Stockman's Contra Corner

The Feds Latest Fantasy-Targeting The Neutral Rate Of Interest The whole idea of the neutral interest rate is unrealistic. What the Fed is trying to establish is a level of interest rate that corresponds to the conditions of the free market. Note that in order to establish the neutral rate, the Fed continuously tampers with interest []


2:00PM Water Cooler 12/13/2017 naked capitalism

Today's Water Cooler: WTO, net neutrality, Jones, Franken, Amazon, The Fed, neoliberal epidemics.


Q Clearance Anon: Is it #Happening? Part X & XI (Video) The Event Chronicle

Q Clearance Anon: Is it #Happening? Part X

Q Clearance Anon: Is it #Happening? Part XI

This article (Q Clearance Anon: Is it #Happening? Part X & XI) was originally published by Tracy Beanz and syndicated by The Event Chronicle. Via Stillness in the Storm.


Build and Fight: The Program and Strategy of Cooperation Jackson Grassroots Economic Organizing

An excerpt from the recently published book Jackson Rising: The Struggle for Economic Democracy and Black Self-Determination in Jackson, Mississippi, a chronicle of one of the most dynamic but under-documented experiments in radical social transformation taking place in the United States.


End Pursuits

The fundamental program and strategy of Cooperation Jackson is intended to accomplishfour fundamental ends: 1) to place the ownership and control over the primarymeans of production directly in the hands of the Black working class of Jackson, 2) to build and advance the development of the ecologically regenerative forces of production in Jackson, Mississippi, 3) to democratically transform the political economy of the city of Jackson, the state of Mississippi, and the southeastern region, and 4) to advance the aims and objectives of the Jackson-Kush Plan, which are to attain self-determination for people of African descent and the radical, democratic transformation of the state of Mississippi (which we see as a prelude to the radical decolonization and transformation of the United States itself).

Controlling the Means of Production

We define the means of production as the physical, non-human inputs that enable humans to transform the natural world to provide sustenance for themselves. The inputs in question are arable land, access to water, natural resources (wood, metals, minerals, etc.), and the tools and facilities that enable the cultivation of food and the transformation of raw materials into consumable goods and services, and the production or capturing of energy to power the tools and facilities. We also add control over processes of material exchange and energy transfer to our definition to give it greater clarity and force of meaning in line with our co...


Two more massive wave anomalies connected to Antarctica The Event Chronicle

Two more massive anomalies have been picked up on MIMIC Map on December 8, 2017. Both strange anomalies seem to stretch down toward Antarctica.

One mysterious wave found by Dahboo777 cuts through an area that has seen an influx of concentrated quake activity around the Philippines region and Indonesia. The other anomaly stretches from the western coast of Africa down toward Antarctica.

Here some more reports of these mysterious wave anomalies starting from or reaching Antarctica. Any ideas what it could be?

Follow Strange Sounds on: Facebook and Twitter

This article (Two more massive wave anomalies connected to Antarctica video) was originally published on Strange Sounds and syndicated by The Event Chronicle. Via Dahboo.


Yet AGAIN New Huge Wave Pulse from Antarctica with Another Wild Looking Anomaly
Another Massive Wave Anomaly Stretches From Antarctica to US East Coast
Another huge beam anomaly connected to Antarctica appears on MIMIC maps
New massive bow anomaly near Christmas Island captured on MIMIC Map


Everyone Welcome? Examining Race and Food Co-ops Grassroots Economic Organizing

Cooperatives are an international movement, yet as we looked around the U.S. food co-op sector, most of the people we saw were white. We asked ourselves a simple and powerful question:  Why?

We decided that this was something we wanted to investigate. Why are food co-opswhich are guided by cooperative values such as equity and equalityso white? Its a question that has been a long time coming. Many of our new wave food cooperatives have reached 40-year anniversaries. In business for more than a generation, why dont these co-ops reflect greater diversity on their boards or within their membership?

We wondered: Is it because some of them are in racially segregated population areas? Is it because food co-ops arent valued by certain groups of people? Is it because of the products sold? Or is it because there is something preventing the participation of everyone who might benefit from food co-ops?

As a writing team of women, white and black, who are deeply influenced by both history and contemporary storytelling, we believed the answers to our questions could come from people who had experienced food co-ops at different points in time. We wanted to inquire of our elders and contemporaries, people of different racial backgrounds, who have made contributions to our movement.

Read the rest at Co-op Grocer Network


Go to the GEO front page


Beam Uses Crowdfunding to Support Job Training for the Homeless in the UK Shareable New Articles

There are more than 300,000 people who are homeless in the United Kingdom. That's the figure from Shelter, a nonprofit based in London, England, that provides legal and other support services for the homeless. A new organization called Beam, founded by Alex Stephany, is taking a unique approach to assist the homeless population. The platform features profiles of people recommended by other charities who are looking for job training assistance.


Ron Paul: Russias Pulling Out Of Syria Why Cant We? The Event Chronicle

With ISIS defeated in Syria, Russian President Putin announced this week that he was withdrawing the bulk of Russian military equipment and personnel. Russian assistance was requested by the Syrian government as ISIS and al-Qaeda appeared poised to take control of the country. Meanwhile, the US has just admitted it has more than four times the number of troops in Syria than it earlier claimed. And Defense Secretary Mattis said the US, though illegally in Syria, would not be leaving. Why?


Putin orders withdrawal of Russian troops from Syria during surprise visit to Khmeimim Airbase


Shocking Report Shows Americas Top 1% Now Richer than Bottom 90% COMBINED The Event Chronicle

As the federal government continues to fleece Americans to give that money to their corporate masters, the wealth gap is expanding, rapidly, according to a new report.

By Matt Agorist

Another jaw-dropping report was released this week that draws attention to the staggering wealth of just a small handful of people as compared to everyone else. Americas richest one percent now own more wealth than the poorest 90 percent of the entire countrycombined. Indeed, according to the most recent data by economist Edward N. Wolff, this very elite group of people owns nearly half of the entire countrys wealth.

The paper, written by economist Edward N. Wolff, used data from the federal Survey of Consumer Finances. The data showed that the wealth owned by the one percent shot up by nearly three percentage points since 2013, from 36.7 percent to 39.6 percent. That number represents the most wealth owned by the one-percenters in over five decades.

As the rich got richer, the poor got poorer as the data shows the wealth of the poorest 90 percent has decreased. As a result, the top one percent of households now own more than the bottom 90 percent combined.

To put this disparity of wealth in perspective, Wolff notes that the mean net worth of the top one percent is roughly $26.4 million while the mean net wealth of the poorest 90 percent is actually negative at -$8,900.

The percentage increase in net worth from 1983 to 2016 was much greater for the top wealth groups than for those lower in the distribution all in all, the greatest gains in wealth were enjoyed by the upper 20 percent, particularly the top 0.1 [percent], Wolff wrote in the paper.

Wolffs data is not an anomaly. As TFTP previously reported, just 20 people own more wealth than half of the entire country combined.

The report, titled Billionaire Bonanza: The Forbes 400 and the Rest of Us, exposes the extreme wealth concentrated within the fortunes of the 400 wealthiest Americans and compares this wealth to the much more meager assets of several different segments of American society.

Chuck Collins and Josh Hoxie, the authors of the report, described a compelli...


Hundreds of HP laptop models found to have hidden keylogging software The Event Chronicle

By RT News

A security researcher has revealed that some HP laptops have hidden software which can log everything typed on its keypads. More than 460 models have been affected, dating back to 2012, according to the list released by HP.

The discovery was made by researcher Michael Myng who found the keylogging code in the pre-installed Synaptics Touchpad software on HP laptops.

Keyloggers record every key that is pressed on a keyboard. This means HP laptop users are at risk of having their passwords, bank details, private communications and search history recorded without their knowledge. The keylogger is disabled by default but theres risk it can be enabled by a hacker.

Myng, who is known online as ZwClose, learned about the keylogger when he was examining the Synaptics Touchpad software to find out how to control the keyboard backlight. Myng has issued a software patch to remove the keylogger, and HP has released a driver update for affected laptops.

HP says neither the company nor Synaptics had access to the files, and that it was built into the Synaptics software to help debug errors.

HP uses Synaptics touchpads in some of its mobile PCs and has worked with Synaptics to provide fixes to their error for impacted HP systems, available via the security bulletin on, HP said. The company provided a list of models affected.

This is the second keylogger code found in HP laptops this year. In May, Swiss security firm Modzero discovered a keylogger built into the HP audio driver.

Also this year, the company was found to have installed spyware applications on Windows 10 computers. Following a November update, users began noting a HP TouchPoint Analytics Client was installed and uploading information to HP servers daily.

This article (...


In The News Today Jim Sinclair's Mineset

Bill Holters Commentary Mortgaging their houses because a crypto kitty at $122,000 is more than pocket change? People Mortgaging Their Homes To Buy Bitcoin, Report Says December 12, 2017 CBS Local How much would you put at risk to invest in the hottest digital currency in the world? For some people, the skyrocketing value... Read more

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President Trump Directs NASA to Return to the Moon, Then Aim for Mars The Event Chronicle

By Calla Cofield

President Donald Trump signed his administrations first space policy directive Monday (Dec. 11), which formally directs NASA to focus on returning humans to the moon.

President Trump signed the order during a ceremony in the Oval Office, surrounded by members of the recently re-established National Space Council, or NSC (which provides recommendations to the president on space policy), as well as active NASA astronauts Christina Hammock Koch and Peggy Whitson, Apollo 11 astronaut Buzz Aldrin, and retired astronaut Jack Schmitt, who flew to the moon on the Apollo 17 mission.

Exactly 45 years ago, almost to the minute, Jack [Schmitt] become one of the last Americans to land on the moon, Trump said. Today, we pledge that he will not be the last.

The directive Im signing today will refocus Americas space program on human exploration and discovery, Trump said during the ceremony. It marks an important step in returning American astronauts to the moon for the first time since 1972, for long-term exploration and use. This time we will not only plant our flag and leave our footprint we will establish a foundation for an eventual mission to Mars and perhaps someday to many worlds beyond.

Space Policy Directive 1 makes official a recommendation approved by the NSC in October. Vice President Mike Pence, who serves as chairman of the NSC, also spoke at the signing.

Mr. President, youve said that the pioneer spirit has always defined America, Pence said. And by your action today with this clear vision [of]returning Americans to the moon, preparing to lead to Mars and beyond you are ensuring, Mr. President, that America will lead in space in the future and for generations to come.

NASA recently announced that for human astronauts, the path to Mars will include a stop at the moon, where the agency may build a facility currently being called the Deep Space Gateway. That structure could serve as a kind of way station between the Earth and the Red Planet...


LIVE: House Judiciary Committee Watch The House Judiciary Committee Hearing on Robert Muellers Russia Investigation Witch Hunt Political Vel Craft

Today, Deputy Attorney General Rod Rosensteinthe official who appointed special counsel Robert Mueller to investigate alleged Trump/Russia collusion during the 2016 election, will answer questions about ongoing controversies within the FBI and DOJ. Judicial Watch => Investigation Into Robert Muellers Waste Of US Taxpayers Money On Witch Hunt


Jims Mailbox Jim Sinclair's Mineset

Courtesy of GG. Jim ISIS Jihadis Have Left Syria And Are Heading Back To Europe To Mount Terror Attacks, Says Captured Militant December 12, 2017 A former Islamic State militant captured after the fall of Raqqa says that jihadist fighters have left Syria intending to travel to Europe to launch attacks.  Saddam al-Hamadi, 26, was arrested by Turkish security... Read more

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


MegaAnon Updates: December 8th 12th, 2017 The Event Chronicle


December 8 in The top autists were right, the yearbook was a fake

December 8 in Moore Accuser Beverly Nelson Admits She Forged Yearbook

December 8 in FAKE NES

December 11 in Why Kill Ghaddafi

December 12 in PEDOGATE GENERALDecember 12 in Roy Moore has been to a child slavery brothel before

December 12 in Friendly reminder that a Vote for Moore is an accomplice to pedophila

Dont forget yall, JUST LIKE the Obama admin. (D), who mandated troops deployed in the Middle East to STOP reporting child sex abuse witnessed, citing it as religious and cultural differences between Americans and Muslims, in addition to clogging up military investigation departments/processes, the LBJ admin. (also D) also cited cultural differences and mandated the same no report rule, to troops deployed in Vietnam. Crazy right?!

All you should be looking for right now is rumblings of Trump/Epstein and who paid Epstein to directly engage and show up unannounced at Mar-a-lago with a young girl for a photo op. Remember when Trump personally refused entry and threw him out? Theres more to this story than you realize and its going to be pulled out from under the swamp, sooner than later.

December 12 in ARE YOU FUCKING KIDDING ME??????

Are you serious, yall?! Do you not realize what a giant stick this rams up their asses?! This is THE BEST THING EVER and you better HOPE it happens and that it reignites the fire for Brits to push harder on the exit part of Brexit!...


Retails Woes? Much More Than Online The Big Picture

Retailers Still Havent Caught Up to Millennials The children of baby boomers dont seek personal fulfillment through shopping. Bloomberg, December 13, 2017     Last month I wrote up my annual tirade about the National Retail Federation holidaysales forecast. The NRFs track record it uses a deeply flawed methodology is terrible. The group makes a silly prediction, I make

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The post Retails Woes? Much More Than Online appeared first on The Big Picture.



From Direct Democracy to Centralization: the Swiss Health Care Experiment Mises Wire

By: Marc Fouradoulas

The problem of health care

No part of the economy seems as convoluted as the health care sector. It comprises a vast array of services and procedures, and is usually embedded in a complex legal framework, influenced by powerful interest groups and state monopolies. Medical expertise, gained over years of education and training, seemingly invalidates consumer choice. The complexities of health disorders and its terminology further dis-empower the individual from understanding and autonomous decision making.

On the other side, strong emotions act as a driving force, too. The fear of suffering and inaccessible care leads to a demand for safety in the hands of experts who ideally act under a medical ethos. It is probably our deepest fear as humans to become ill and not receive care, to deteriorate, face job loss, or even social exclusion. And of course, in the face of suffering one does not want to be at the mercy of profit-driven experts. Finally, neoclassical economists utilized the arguments of market failure (information asymmetry, uncertainty of outcomes, the principal-agent problem, moral hazard etc.) to claim health care is unsuitable to markets. Demands for government controls soon followed. 

A brief history of Swiss health care

And so it has also happened in Switzerland. By the end of the 19th century liability disputes over work related accidents triggered the call for mandatory insurance. The simultaneous introduction of health and accident insurance in its bigger neighbor Germany (under Chancellor Bismarck) in 1884 served as a role model for unions and corporative organizations. In 1914 a peoples referendum led to the introduction of mandatory accident insurance for certain industries. Further, health insurance companies were put under federal supervision and the countrys 26 cantons (or federated states) were given authority to subsidize and organize health care institutions. Apart from subsidizing, however, the government had little say in health care. In fact, 26 different health care systems emerged. Over the 20th century several referendums by social democrats were warded off by a traditional, but fading liberal mindset. The countrys government, the Federal Council, usually advocated individual responsibility and competition as hallmarks of this sector. Finally, in 1994, under the pressure of steadily rising costs and premiums, a slim majority of voters (51.8%) approved a new, more collectivist and interventionist law, leading to a typical tragedy of the commons by politically mutualizing most health care expenditures. Th...


How e-commerce is changing us and our planet Eco-Business

All over the world, online shopping has become part of daily life, but have we thought about its impact on the planet and society as we know it?


US Stocks, Bonds, and Real Estate Most Expensive in History Financial Sense

By Peter Boockvar After seeing the tax reform inspired to jump in small business optimism from the NFIB, today the Duke CFO survey optimism index rose the to the best level since June 2004. Also, it was driven by tax reform.

2 Charts That Might Define the Feds Jerome Powell Era Financial Sense

By FF Wiley In September, we proposed a theory of the Fed and suggested that the FOMC will soon worry mostly about financial imbalances without much concern for recession risks. We reached that conclusion by simply...

Kansas Bleeds Mises Wire

By: Chris Calton
Historical Controversies Podcast: Season 2

After the fraudulent elections in the Kansas Territory, tensions erupted following the death of a Free State settler. The pro-slavery and anti-slavery settlers took up arms in the Wakarusa War and the Sack of Lawrence. In Washington, the Kansas controversy led to the brutal beating of an anti-slavery politician on the floor of the Senate.


Brexit: Theresa the Appeaser has given in on virtually everything Nigel Farage MEP (Video) The Daily Coin

Brexit: Theresa the Appeaser has given in on virtually everything Nigel Farage MEP Video europarl Video Source

The post Brexit: Theresa the Appeaser has given in on virtually everything Nigel Farage MEP (Video) appeared first on The Daily Coin.


Congressman Chris Collins promotes donor and business partners brother for judicial appointment Eyes on the Ties

Rep. Chris Collins has at least $3 million invested with Buffalo developer Nick Sinatra. Now he is pushing Sinatra's brother for a federal judgeship. ...

Read More


Crypto vs. Gold: Gold Has Value Unto Itself The Daily Coin

Crypto vs. Gold: Gold Has Value Unto Itself from Schiff Gold Bitcoin mania is in full force. When I get to my desk in the morning, the first thing I do is check the latest gold news. But lately, when...

The post Crypto vs. Gold: Gold Has Value Unto Itself appeared first on The Daily Coin.


A Lesson About Humility The Big Picture

  The reason I originally endorsed Luther Strange (and his numbers went up mightily), is that I said Roy Moore will not be able to win the General Election. I was right! Roy worked hard but the deck was stacked against him! Donald J. Trump (@realDonaldTrump) December 13, 2017   I dont want to

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The post A Lesson About Humility appeared first on The Big Picture.


Three Surprises on Climate Change from Economist Michael Grubb naked capitalism

A tiny bit of good, or perhaps more accurately, less bad news on the climate change front.


Is A December Rate Hike Fait Accompli? The Daily Coin

Is A December Rate Hike Fait Accompli? by Chris Marcus Miles Franklin The Federal Reserve is holding another policy meeting this week and financial markets are pricing in that a 25 basis point rate hike is almost guaranteed. Yet...

The post Is A December Rate Hike Fait Accompli? appeared first on The Daily Coin.


*Between Quran & Kafka: West-Eastern Affinities* Marginal REVOLUTION

Id like to put forward a simple hypothesis.  Tune down the yappers.  Read and study Kermani, Michel Houllebecq, Bruno Maes, Ross Douthat, and assorted others.  Once I wrote: Remember people, the influential thinkers of the next generation will be the religious oneswhether you like it or not.  This is what I meant, and I dont even know if the second and third writers on my list believe in God.

Here is my previous post on Kermani.

The post *Between Quran & Kafka: West-Eastern Affinities* appeared first on Marginal REVOLUTION.


BullionStar Perspectives Eric Sprott The Gold Market (Video) The Daily Coin

BullionStar Perspectives Eric Sprott The Gold Market Video Luke speaks with the legendary Canadian Gold Bull, Mr. Eric Sprott on his view on the gold market, distinguishing between the paper market and the physical market and the current...

The post BullionStar Perspectives Eric Sprott The Gold Market (Video) appeared first on The Daily Coin.


Daily Digest 12/13 - New Debt Ceiling $20.49T, The New Silicon Valley Paradox Peak Prosperity

Daily Digest 12/13 - New Debt Ceiling $20.49T,
  • No Easy Fix For Chicago's Debt Dereliction
  • Chinas pension funds struggle as nation ages
  • Last day for refunds on Chicago red-light and speed camera tickets
  • Surging Debt Will Make Asian Central Banks Cautious on Rates
  • Meet the new debt ceiling: $20.493 trillion
  • Former Facebook exec says social media is ripping apart society
  • Facebook responds to former VP who said social media is destroying society
  • Mike's New Crypto Documentary & Large Silver Purchase
  • Do not eat your veggies if they are grown in your front yard, Miami Shores says
  • The Silicon Valley paradox: one in four people are at risk of hunger

Join the conversation


Its Time to Rethink Education Part 1 (Indoctrination) The Daily Coin

Its Time to Rethink Education Part 1 (Indoctrination) by Michael Krieger Liberty Blitzkrieg Education consists mainly of what we have unlearned. Mark Twain As a father of two young children, my thoughts have increasingly started to center around...

The post Its Time to Rethink Education Part 1 (Indoctrination) appeared first on The Daily Coin.


Fake News Toilet Overflows The Daily Coin

Fake News Toilet Overflows by Harley Schlanger Rogue Money Greenwald begins, Friday was one of the most embarrassing days for the U.S. media in quite a long time. The humiliation orgy was kicked off by CNN, with MSNBC and...

The post Fake News Toilet Overflows appeared first on The Daily Coin.


Ex Spy Chief Admits War With Trump (Video) The Daily Coin

Ex Spy Chief Admits War With Trump Video Bill Still Mike Morell, the former DCI Director, Central Intelligence in an interview in Politico is in essence waving a white flag of surrender to President Trump and begging...

The post Ex Spy Chief Admits War With Trump (Video) appeared first on The Daily Coin.


10 Wednesday AM Reads The Big Picture

My Roll Tide morning train reads:  What Hedge Funds Will Do After the Hedge Fund Model Dies (Bloomberg) Ignore Volatility; Focus on Ambiguity (Moneybeat) Unfettered building, scant oversight add to cost of hurricanes in U.S. (Reuters)  Can China Contain Bitcoin? (MIT Technology Review)  Were All Behavioral Economists Now (Behavioral Scientist) What are you reading? Continues here

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Gregory Mannarino: Fed Darth Vader Bitcoin Pump & Dump The Daily Coin

Gregory Mannarino: Fed Darth Vader Bitcoin Pump & Dump by Greg Hunter USA Watchdog Analyst/trader Gregory Mannarino says the record high stock markets have some big money people worried, and you should be too. Mannarino says, On a...

The post Gregory Mannarino: Fed Darth Vader Bitcoin Pump & Dump appeared first on The Daily Coin.

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Economic News Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

Wednesday, 13 December


Could Central Banks Dump Gold in Favor of Bitcoin? The Daily Coin

Could Central Banks Dump Gold in Favor of Bitcoin? by Charles Hugh Smith Of Two Minds All of which brings us to the crazy idea of backing fiat currencies with cryptocurrencies, an idea I first floated back in 2013,...

The post Could Central Banks Dump Gold in Favor of Bitcoin? appeared first on The Daily Coin.


Phil Kennedy: No Bitcoin/Litecoin/Crypto Bubble Until Total Crypto Market Cap in the Trillions? (Video) The Daily Coin

Phil Kennedy: No Bitcoin/Litecoin/Crypto Bubble Until Total Crypto Market Cap in the Trillions? Video Wall St for Main St Jason Burack of Wall St for Main St interviewed returning guest, Phil Kennedy Besides being a certified fraud examiner,...

The post Phil Kennedy: No Bitcoin/Litecoin/Crypto Bubble Until Total Crypto Market Cap in the Trillions? (Video) appeared first on The Daily Coin.


No Neutral Ground: The Problem of Net Neutrality Mises Wire

By: Brian Dellinger

On November 21, the Federal Communications Commission announced plans to revisit its Obama-era internet regulations. It seems likely that the resulting vote will repeal the policies often referred to as net neutrality. The name is, perhaps, misleading; to support net neutrality is to support placing the internet more fully under government supervision. The related political debate often divides traditional allies with arguments for free expression pitted against defenses of small government.

To understand net neutrality, one must see its position in technical history. Traditionally, internet service providers (ISPs), such as Comcast and Verizon, have guaranteed their customers a certain quantity of bandwidth  that is, a certain amount of data per unit of time. It was assumed that even a voracious user would rarely use his maximum bandwidth, and services were priced under this assumption. ISPs also de facto allowed customers to access whatever websites they wished; while there was no legal protection for this behavior, technical complexities made discrimination by website infeasible. The result was a largely open web: anyone with a blog could potentially reach millions.

In the early 2000s, the situation changed. Technological innovations enabled providers to determine which site a user visited and so potentially to restrict access. In principle, an ISP could now sell packages of websites, in a fashion resembling cable television: basic internet for news and Facebook, say, or premium internet for those who wanted more. These years also saw the rising popularity of streaming video services like Netflix and YouTube. Users now binge-watched videos, consuming their maximum available bandwidth for hours at a stretch. Such trends increased costs for the ISPs, leading them to investigate new responses: restricted access to high-usage sites, artificially slow downloads, and so on.

Net neutrality stands in opposition to these changes. Broadly, under net neutrality, the government requires ISPs to treat all web traffic in the same way: no limiting access, no reducing speed. Since 2005, the FCC has several times established net neutrality regulations; inevitably, the courts struck down such rules on the grounds that the FCC lacked the authority to regulate ISPs. In response, in 2015 the FCC redefined broadband internet as a telecommunications service, placing it...


2018: The Year of the Bank of Amazon? The Big Picture

For the financial technology industry, 2017 will be defined as the year that the threat of tech giants grew stronger, artificial intelligence cemented its importance and some startups applied to become banks. What to look for in 2018? Maybe more mergers and acquisitions, initial public offerings and deeper forays by Inc. and Facebook Inc. Heres a wrap from

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Debt Rattle December 13 2017 The Automatic Earth

MC Escher Relativity 1953   Buy the Dip Has Never Been More Popular in US Stocks (BBG) Bitcoin Bears Soon Able to Short Futures Through Interactive Brokers (BBG) Chinas GDP Growth Set To Plunge To Near 30-Year Low In 2018 ADB (CNBC) Free Money From China Comes With Strings (CNBC)

The post Debt Rattle December 13 2017 appeared first on The Automatic Earth.


The myth of a fossil fuel phase-out Eco-Business

The world has nothing to worry about reserves. After 40 years of fearing energy shortages, we now live with abundance. Guard against false narratives, not scarce resources says Samuele Furfari, Professor at Universit libre de Bruxelles.


Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked naked capitalism

As the Sacramento Bee reported, In an upset, a CalPERS critic wins a seat on the pension board: Margaret Brown, a Southern California school district administrator, unseated incumbent Michael Bilbrey in a runoff election to win a seat on the California Public Employees Retirement System Board of Administration. Her victory on Tuesday marks an upset []


3rd Asia Offshore Wind Day Eco-Business

The Asia Wind Energy Association is organising the 3rd Asia Offshore Wind Day 2017 at Toranomon Hills Forum in Tokyo on 28 January 2018.


LEAKED: Head Of FCC Mocks Impending Destruction Of The Internet naked capitalism

Ajit Pai, the head of the FCC, shows his true colors. Not a pretty sight.


Meet the Woman Whos Boosting Arizonas Mom-and-Pop Business Culture NEW ECONOMY

One strategy is to reintroduce people to their towns, show them what they can buy locally, and dispel the myth that its more expensive.

The Progressives Guide to Book Givingfor Every Personality NEW ECONOMY

Here are books to gift that spark ideas, give subtle messages, help expand someones mind, or just poke a little fun.


Facts about uh and um Marginal REVOLUTION

if a speaker marks a delay with um, that delay will be longer than if it had been marked by uh.  If uh is used, the delay that follows before resumption of fluent speech is roughly a quarter of a second; if um is used, the anticipated delay approaches three-quarters of a second.

In one case (um) the delay is inserted as a deliberate signal, in the other (uh) it is an unavoidable effect of having processing problems.

In male speech, either um or uh accounts for about one out of fifty words; for female speech it is only one out of seventy words.

One study found that over 40 percent of transitions the switch in who is talking have gaps of within a quarter-second of zero.  In another similar study, the two parties are talking at the same time only 3.8 percent of the time, and then usually not for very long.

So says N.J. Enfield, in his new book How We Talk: The Inner Workings of Conversation.

The post Facts about uh and um appeared first on Marginal REVOLUTION.


Singapore World Water Day 2018 Eco-Business

World Water Day is held annually on 22 March, a day designated by the United Nations to celebrate the importance of water sustainability.


Shipping industry must take urgent action to meet Paris climate goals Eco-Business

A declaration launched today at the One Planet climate summit hosted by French president Emmanuel Macron has urged the shipping industry to meet the Paris climate goals.


Southeast Asia's largest wind project gets $1.1 billion funding injection Eco-Business

Thai renewables developer Wind Energy Holdings Co. Ltd has raised US$1.1 billion to finance five new onshore wind farms in what is billed as Southeast Asia's biggest wind energy project yet.


Why you should join The EB Circle Eco-Business

Eco-Business has unveiled a new membership programme called The EB Circle for its growing community. Join us and be part of the global sustainable development story.


Smaller farms can cope better with climate change in India, say analysts Eco-Business

While the small size of the land holding is often seen as a challenge to raising incomes, it is an advantage when it comes to tackling extreme weather and rising temperatures.


Just remember the password people! Marginal REVOLUTION

I have some tricks for doing this, which I have scrawled in the inner part of the margin of the manuscript.  Here is Matt Levine on Bitcoin:

I half-joked yesterday that perhaps the cost of bitcoin storage keeping your private key in a vault, worrying about hackers, etc. is so high that arbitrageurs need to charge $1,000 for a month of it, but maybe its the right explanation? Everything I read about bitcoin storage is utterly exhausting. A private key printed out on a sheet of paper, cut into pieces, and distributed among family members who dont know how to put it back together; an encrypted file loaded on a USB stick and buried in the backyard; a password committed only to memory; a private key engraved on a metal plate and stored in a safe; a safe deposit box at a bank; an account at an exchange that gets hacked and loses its customers bitcoins. Buying bitcoin futures is a way to get exposure to bitcoin and avoid the bitcoin-storage problem: You never have to store bitcoins because you never own bitcoins; you just get paid dollars for the amount that bitcoin goes up. But the storage problem doesnt go away; you just offload it to the arbitrageur who provides you the bitcoin exposure. Maybe the arbitrageur needs to charge you $1,000 to cover her storage costs. If you think these markets are efficient, then the gap between the futures and the spot is telling you how much in out-of-pocket expenses, in theft risk, in psychic pain it costs to store bitcoin.

Here is more from Matt:

If I told you that there was an asset that is an excellent store of value even in inflationary conditions, how much of your gold portfolio would you reallocate to that asset? One percent? Three percent? Fifty percent? All of it? Sure, whatever, if you believed me. But we are just assuming that bitcoin actually fulfills that function, in order to decide its valuation. Bitcoin has had a pretty good run, but so far its a short one; theres no historical experience of bitcoin retaining its value in periods of global financial crisis or rich-world inflation or even just, you know, pe...


Doug Jones Scores Upset in Alabama Senate Race naked capitalism

Some initial comments on the Doug Jones win in Alabama.


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Cryptocurrency Chaos: Bitcoin, Litecoin and Ethereum All Keep Surging To New Record Highs With No End In Sight The Economic Collapse

The cryptocurrency revolution is the biggest story in the financial world right now. In recent days I have spent a lot of time writing about Bitcoin, but the truth is that all of the major cryptocurrencies have been on an unprecedented run lately. In fact, some of them have been rising much faster in price than Bitcoin has. So even though Bitcoin is now worth almost 18 times as much as it was at the beginning of 2017, that actually pales in comparison to how fast Litecoin has been rising. Of course not all of these cryptocurrencies will eventually succeed. There are about 1000 different cryptocurrencies in existence at the moment, and most of them will inevitably fail. But for now virtually every cryptocurrency is soaring, and the total market cap for all cryptocurrencies combined is rapidly approaching half a trillion dollars.

Lets start our discussion with Bitcoin. As I write this, a single Bitcoin is worth $17696.99, and that is absolutely astounding considering that the price was sitting at just about $1,000 as 2017 began.

We have seen the price of Bitcoin double over and over again, and this last cycle only took 22 days. At this point Bitcoin is so hot that people are actually mortgaging their homes in order to get money to invest

Securities regulator Joseph Borg says he has seen people doing everything from running up credit card debt to mortgaging their homes to pour money into the cryptocurrency.

Its easy, from one angle, to see why. Bitcoin started out the year being worth $1,000. On Nov. 20,...


Could Central Banks Dump Gold in Favor of Bitcoin? oftwominds-Charles Hugh Smith

All of which brings us to the "crazy" idea of backing fiat currencies with cryptocurrencies, an idea I first floated back in 2013, long before the current crypto-craze emerged.
Exhibit One: here's your typical central bank, creating trillions of units of currency every year, backed by nothing but trust in the authority of the government, created at the whim of a handful of people in a room and distributed to their cronies, or at the behest of their cronies.
And this is a "trustworthy" currency?
Exhibit Two: central banks can't become insolvent, we're told, because they can create as much currency as they want, whenever they w...


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2018 Guangzhou International Fruit Expo (Fruit Expo 2018) Eco-Business

2018 Guangzhou International Fruit Expo (Fruit Expo 2018)


How business can tackle modern slavery and forced labour Eco-Business

Building on the themes of recent IF meetings in London and Washington DC, this multi-stakeholder conference will provide focused discussion on how individual businesses can tackle modern slavery in their supply chains and operations.


Sustainable Foods Summit Eco-Business

Taking place in San Francisco on 30-31st January, the eighth North American edition of the Sustainable Foods Summit will showcase health impacts, sustainable ingredients, and eco-labels.


Patient Zero for Fake News The Big Picture

  He Got Rich by Sparking the Fake News Boom. Then Facebook Broke His Business Source: Bloomberg  

The post Patient Zero for Fake News appeared first on The Big Picture.


EU must become a United States of Europe by 2025 Follow The Money

The leader of Germanys main centre-left party has said he wants to establish a United States of Europe by 2025.

Martin Schulz, a former European Parliament president, said a convention should be set up to create a new constitution for Europe and that any country that did not adopt it should automatically be kicked out of the EU.

His comments come as he seeks permission of his SPD party to enter coalition talks with Angela Merkel, who has been unable to form a government without his support following elections in September.

I want a new constitutional treaty to establish the United States of Europe. A Europe that is no threat to its member states, but a beneficial addition, he said.

A convention shall draft this treaty in close cooperation with the civil society and the people. Its results will then be submitted to all member states. Any state that wont ratify this treaty wi...


How big can Starbucks grow? Follow The Money

On Wednesday, Starbucks is opening its biggest cafe in the world in Shanghai.

Starbucks sees China surpassing the U.S. as its largest market within a decade as it counts on the countrys affluent consumers to offset stagnant growth in the rest of the world.



Canadian documentary pokes holes in Global-Warming mantra Follow The Money

Our planet is actually colder than previous eras when life already existed, and, believe it or not, carbon dioxide does not have any clear correlation with global temperature growth. Examining climate fluctuations and natural dynamics from over 12,000 or 50,000 years appears to discredit the arguments of climate-change alarmists and the assertion of man-made global warming.

The documentary The Environment: A True Story invites us to rethink global warming and to question what the media and some influential actors say about it. Produced by Canadian history professor John Robson, the film presents historical evidence and comments from climate scientists, such as climatologist Richard Keen from the University of Colorado, Boulder, to demonstrate that alarmism is not a good science.

Robson, who describes himself as a passionate environmentalist, demonstrates in two hours and 40 minutes that the Earths climate has always fluctuated. It is, therefore, derelict to blame humans for something that already happened when dinosaurs roamed the Earth. It is even worse to study global warming with computer models originally designed to predict natural phenomenon that have, at most, only 150 years of recorded data.

Robson claims that a historical overview of the geographical and weather conditions of the planet is enough to shake up the commonly accepted belief in man-made global warming.

The interviewed specialists explain that the Earth passes through cycles of big ice ages and big melts. The Holocene epoch  the period since the last ice age began 12,000 years back and has permitted human life, but it is actually an interglacial stage. Now the Earth is approaching the next big melt, and that explains some rising temperatures in recent years.

Robson suggests another key line of reasoning: the natural processes of the Earth recycle and reuse almost everything, including carbon dioxide. CO2 emissions are not as harmful as alarmists argue, and their presence does not explain the climate variability to the degree that sun activity does. In other words, the magnetic field of the sun alters the physical dynamics of the Earth, particularly those related to the water cycle. Therefore,...


Michael Snyder And Other Pro-Trump Candidates For Congress Are Freaking The Establishment Out The Economic Collapse

Literally dozens of pro-Trump candidates are running for seats in Congress in 2018, and the establishment is really starting to freak out about this.  If having Trump in the White House was a nightmare for them, how are they going to respond once his allies start taking control of Capitol Hill?  For a very long time I have been saying that the 2018 mid-term elections are going to be the most important in modern American history.  They will inevitably be a referendum on Trump and his policies, and I believe that the American people will support Trump wholeheartedly.

Personally, I am running as a pro-Trump candidate in Idahos first congressional district.  Trump supporters have been flocking to my campaign, and it is absolutely amazing how much momentum we have built up over the past few months.

At first my opponents were very polite to me because they didnt see me as a threat.  But then they started seeing numbers that showed how well I was doing, and now the claws are coming out.

It is funny how the attacks against me and other pro-Trump candidates around the nation sound almost exactly like the attacks that are constantly being hurled at Trump himself.  But like Trump, we are refusing to be intimidated and we are keeping our eye on the ball.  Our campaign website is getting the most visits of any of the candidates, our Facebook page has the most likes, and we won the most recent online poll by a very wide margin.  We need your help...


Morawiecki sworn in as Polish PM Follow The Money

Mateusz Morawiecki was sworn in as Polands new prime minister on Monday and European Council President Donald Tusk called on the new leader to pursue European unity.

Polands ruling Law and Justice Party (PiS) is at odds with the EU over immigration, logging in an ancient forest and government attempts to control the courts and the media. Critics say the eurosceptic partys policies have subverted democracy and the rule of law.

At the same time, acrimony between Tusk and the PiS dates back years. Poland, acting on orders from the PiS boss and long-time Tusk adversary Jaroslaw Kaczynski, was the sole member of the 28 EU members to vote in March against Tusks re-election.

Mateusz Morawiecki was born on 20 June 1968, the son of Kornel Morawiecki. Two of his aunts...


You can trade Bitcoin futures Follow The Money

Trading in bitcoin futures opens today on Cboe Global Markets Inc. Its rival, CME Group Inc., will soon follow suit. Its a milestone in the acceptance of the digital currency by the world of mainstream investing, spurred in part by bitcoins meteoric rise this year. Skeptics still abound, however, including executives at some of the worlds largest banks. For the doubters, at least theres this silver lining: Futures trading may add...


UNEPs Erik Solheim: Putting landscapes first to green up the environment Eco-Business

A week before the Global Landscapes Forum in Bonn, the UNEP chief says there is a need to invest big in low-carbon opportunities and cleaner production to achieve a pollution-free planet.


Fight for the Future statement ahead of most unpopular FCC vote in history: attacking net neutrality has awakened the fury of the Internet users from across the political spectrum Fight for the Future


FOR IMMEDIATE RELEASE: December 12, 2017
Contact:, 978-852-6457

The unprecedented public backlash to the FCCs plan to slash Title II net neutrality protections continues to grow. And the pressure is working: Ajit Pais proposal is losing support with Republican lawmakers. The first GOP representative has just called on the FCC to delay their vote, and several others have criticized the plan.

After thousands of people took to the streets to protest last week, the Internet is now ablaze in protest again as major websites like Reddit, Mozilla, Kickstarter, Pornhub, Pintrest, Etsy, and Tumblr, and Internet users across social media platforms #BreakTheInternet and flood Congress with phone calls, tweets, and emails. See screenshots of how the Internet is protesting here.  

The following statement can be attributed to Fight for the Future campaign director Evan Greer (pronouns she/her):

Ajit Pais proposal to let Internet Service Providers control what Internet users can see and do online may get a vote this week, but he has already lost. The FCCs planned net neutrality repeal has sparked an unprecedented backlash from Internet users across the political spectrum. Its unlike anything Ive ever seen in my life as a digital rights activist.

The telecom lobby spent millions trying to paint net neutrality as a partisan issue in order to get the Republican party to help end it. But this backlash shows that net neutrality is supported by people from across the political spectrum, and its so big that now even conservative or bought out lawmakers can no longer ignore calls from their own partys constituents to protect the rules.

Internet users are furious, educated, and strategic. They know that Congress has the power to stop the FCC or overturn their decision. Its impossible for lawmakers to hide from their constituents on this issue. As the...


Washington Post Comes Out for War and More War

Washington Post Comes Out for War and More War

Bezos war sheet says Social Security, Medicare, and social safety net are in the way of Washingtons much more important need to make war. Too much money is spent on poor American citizens. Not enough is spent on killing foreigners in other countries. Bezos wants to make sure America gets its priorities right.

The post Washington Post Comes Out for War and More War appeared first on


Three Gifts My Father Gave Me Stories by umair haque on Medium

In Praise of Dads

The hipster dad, the tech dad, the dad-pack, dadcore. Dads, poor sneaker-wearing things. These days, theyre mocked gently, when theyre either reviled or ignored.

Yet, if we are honest, you and me, the devaluation of fatherhood, too, is part and parcel of the crisis in masculinity we see playing out before our eyes, because lionizing the predator in us is the same as belittling the dogged provider, the fierce protector, and the aching child hidden still right there in each and every man. Thats not to say moms arent those things, only to say this essay is about dads. About the greatest gift my dad gave me, to celebrate, or maybe even just think about, fatherhood. It wasnt a gift wrapped in a box. It was all the men he never taught me to benot only the men he taught me never to be. Maybe, in a few minutes, that will make more sense.

When I was about six, we moved to our first real housethe one my parents bought, after much struggle. It was nothing grand, nothing, well, remarkable at all. Just a house. An humble, ugly little place, aluminum siding and exposed gutters and screeching two car garage, on a quiet cul-de-sac, in a little neighbourhood of cookie-cutter houses exactly like it, built long ago at the edge of the world, where even if that world fell apart, the evening dog-walks and gentle morning-jog hellos would probably go on just the same.

Now at the same time, my best friend, a new friend, who was also my very first friend, was a little boy named Tommy, an only child. One day, he invited me over. I asked my mom, excited by this strange thing called friendship, and she said, of course!. And our jaws dropped. Because while Tommy had hinted that his family owned an old and historic company, neither of us had expected, well, a castle. Towering and massive and grand, turrets and spires and stones. And there was Tommy, waving from a giant oaken door.

We played and laughed, me astonished by the castle, its hidden nooks and crannies, its great hall, and the enormous playground, with a maze, swings, trees, and all kinds of other delights, built especially for Tommy. And too soon, as it is when youre a child, it was time to go. I waved sadly from the car, because, never really having had a friend before, having one with a castle was especially wondrous. And the last thing that I saw was Tommy, waving back at me sadly, sitting by himself, on his swing, in the middle of his very own vast playground, which no one else could ever enter, as small and lonely as a little shooting star. And then some kind of sadness laced through me, though I couldnt say what it was yet.

We drifted apart, as little kids, going to different schools, heading in different directions. I met Tommy again years later. Hed bought himself a grand duplex penthouse apartment in Manhattan, and filled it w...


Rosenberg on Tax Bill, Market Valuations, and Monetary Policy Financial Sense

By FS Staff The US stock market is booming! Nearly every index is hitting all-time record highs as investors price in a major tax cut to corporations before Christmas. What could go wrong? David Rosenberg, the well-known chief economist and strategist...


Entrepreneurship: Kirzner vs. Mises Mises Wire

By: Murray N. Rothbard

[Originally appeared as Professor Hbert on Entrepreneurship in the Journal of Libertarian Studies 7, no. 2 (Fall, 1985): 28186.]

Since I admittedly know more about Austrian economic theory than about Richard Cantillon, I would like to focus my comments on the Austrian aspects of Professor Hberts paper, in particular his discussion of entrepreneurship. Hbert is correct in his discussion of the differences between Misess and Kirzners concept of the entrepreneur and in his critique of the Kirzner approach.

Mises conceives of the entrepreneur as the uncertainty-bearer, who receives profits to the degree that he can successfully forecast the future, and suffers losses to the extent that his forecasting goes awry. One evident case of rewards in proportion to the success of forecasting is the stock or commodity market. The stock or commodity speculator, furthermore, clearly suffers losses to the extent that his forecasting is significantly less accurate than that of his fellow speculators. But Mises points out that the market as a whole is in the same situation as the stock or commodity market. The entrepreneur who buys raw material and hires labor, and who thereby incurs costs in order to produce a future product, is expecting that he will be able to sell the product to customers for a revenue greater than the costs. Just as the stock speculator purchases stock in the hope and the expectation that it will rise in price, so the employer incurs costs in the expectation that he will be able to sell the product at a greater price.

To Kirzner, on the other hand, entrepreneurship becomes reduced to the quality of alertness; and uncertainty seems to have little to do with the matter. In his lectures, Kirzner likes to stress the analogy that the entrepreneur is a person who, upon seeing a $10 bill in front of his nose, is alert to the existence of the money and leaps to grab it. The alert man will grab the $10 note rapidly; the less alert will take longer to see his opportunity and to take advantage of it. One problem, as Hbert mentions, is that it is difficult to account for actual losses; for the worst that can happen to the non-alert sluggard is that he misses his opportunity for gaining $10. But how then does it ever come about that he actually loses ten or more dollars? Moreover, by stressing alertness, Kirzner is emphasizing a quality of perception, of perceiving an opportunity that virtually exists, as a real thing out there. In reality, however, any profit oppor...


Tuesday assorted links Marginal REVOLUTION

1. The Western elite from a Chinese perspective.

2. Podcast with NPR Planet Money.

3. Bershidsky on Bitcoin futures.

4. The timing of the agreement also coincides with speculation that India, Japan, the US and Australia will soon formally reconvene the dormant Quadrilateral grouping first initiated in 2007 as a counterbalance to Chinas rising dominance in Asia.  Link here.

5. What causes the anti-Flynn effect?

6. Why does India lack state capacity?

7. The real story behind South Korean industrial policy.

The post Tuesday assorted links appeared first on Marginal REVOLUTION.


Look, Mom, No Hands! David Stockman's Contra Corner

Wall Street's manic melt-up is pushing stock prices ever deeper into the realm of insanity, and nowhere is that more evident than in the Russell 2000 (RUT). At today's level of 1525, it is now up by 312% from the post-crisis bottom and nearly 80% from the prior tippy-top peak in May 2007.


FCC Chairman losing Republican party support as GOP Rep. Coffman asks agency to delay December 14th vote to repeal net neutrality Fight for the Future

FOR IMMEDIATE RELEASE, December 12, 2017
Contact: Evan Greer, 978-852-6457,

Letter issued by House Republican comes as major companies and websites launch massive Break The Internet protest 48 hours before FCCs scheduled vote

House Representative Mike Coffman (R-CO) has issued a letter this morning asking Federal Communications Commission (FCC) Chairman Ajit Pai to cancel the agencys December 14th vote to repeal Title II net neutrality. In the letter Coffman cautions against the significant unanticipated negative consequences the agencys current proposal could have, and urges the FCC to delay your upcoming vote. The letter comes as major web firms like Mozilla, Reddit, Tumblr, Etsy, and Kickstarter join millions of Internet users in a mass online protest demanding Congress stop the FCCs vote. See screenshots of the protest here.

While a handful of GOP lawmakers (full list appended below) have publicly raised concerns over the agencys controversial proposal, todays letter marks the first time a Republican member of Congress has directly called on Chairman Pai to delay the vote representing a major shift in the fight over rules that prevent Internet service providers (ISPs) from blocking, throttling, or charging sites and users new fees.

In response, the following statement can be attributed to Evan Greer, Campaign Director for Fight for the Future (pronouns she/her):

We commend Representative Coffman for listening to his constituents and asking Chairman Pai to stop the vote. We agree that the FCCs should delay voting on their current proposal, and that strong net neutrality rules need to remain in place so that businesses and users remain protected. However, we strongly believe that a legislative solution is a solution in search of a problem. Title II enjoys immense bipartisan support amongst the public and the courts agree it provides a solid legal foundation to prevent anti competitive abuse from ISPs. Now other members of Congress must do the right thing and join Representative Coffmans call. In recent months more than 800,000 Americans have called their member of Congress and asked them to stop the FCCs controversial net neutrality repeal, and today theyve seen indisputable evidence that their pressure is working.

Net neutrality is not a partisan issue outside of Washington, DC. Voters from across the political spectrum dont want their cable companies cont...


2:00PM Water Cooler 12/12/2017 naked capitalism

Today's Water Cooler: Net neutrality, WTO, Moore v Jones, Lena Dunham, tax "reform," Rapture Index pops, Aurelius, complexity, near misses


December 12: Daily Contrarian Reads David Stockman's Contra Corner

2018 Outlook: With Markets At All-Time Highs, A Lot Can Go Wrong With the stock market and Bitcoin reaching all-time highs, what can possibly go wrong? In offering my thoughts on 2018, I see my role in reminding investors to stress test their portfolios. Is your portfolio built of straw, sticks or brick? RussiaGateMore Proof []


Desjardins not scratching pipeline loans after all Grassroots Economic Organizing

Canadas Desjardins, the largest association of credit unions in North America, has decided to lift a moratorium on loans for energy and pipeline projects, noting that it will weigh its clients environmental, social and governance practices in all future lending decisions.

The Quebec-based financial institution, a backer of Kinder Morgans expansion of its Trans Mountain pipeline, had been evaluating its pipeline-related policy for months. In July, it put such loans temporarily on hold, threatening the financing of high-profiles projects, including TransCanada Corps Keystone XL and Energy East and Enbridges Line 3.

Currently, the Canadian lender is one of 24 financial institutions that is backing a subsidiary of Kinder Morgan Canada (TSX:KML), majority owned by US-based Kinder Morgan.

Read the rest at


Go to the GEO front page


Don't Expect an Investment Boom if the Corporate Tax Rate Is Cut Financial Sense

By Paul Kasriel It appears as though the rate on US federal corporate profits is going to be reduced. Although US corporations may be considered people in terms of the First Amendment, they are not people when it comes...


The social origins of inventors Marginal REVOLUTION

That is a new paper by Aghion, Akcigit, Hyytinen, and Toivanen, here is one brief excerpt:

In particular we see that IQ is by far the main characteristic for the probability of becoming an inventor in terms of the share of variation it explains, followed by parental education.  These two groups of variables account for 66% and 16% of the overall variation captured by our model.  In contrast, IQ plays a relatively speaking much more minor role for becoming a medical doctor or a lawyer.  Parental education is the main explanatory variable for the probability of becoming a medical doctor or a lawyer (40% and 53%), with base controls and parental income also playing clearly more important roles than for inventors.

The paper offers many other points of value, and you will note the data are from Finland.

The post The social origins of inventors appeared first on Marginal REVOLUTION.


In The News Today Jim Sinclair's Mineset

Bill Holters Commentary Doug Noland is correct. As we have been trying to tell you, what comes is all about credit because credit is about mathand confidence! Doug Noland: There Will Be No Way Out When This Market Bubble Bursts December 11, 2017 This week Doug Noland joins the podcast to discuss what he refers... Read more

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


Jims Mailbox Jim Sinclair's Mineset

It is just so correct. Courtesy of JB. Jim A New Christmas Poem Twas The Night Before Christmas, He Lived All Alone, In A One Bedroom House Made Of Plaster And Stone. I Had Come Down The Chimney With Presents To Give, And To See Just Who In This Home Did Live. I Looked All... Read more

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


MiB: Ray Dalio of Bridgewater on Principles for Work & Life The Big Picture

This week I sat down with Ray Dalio of Bridgewater Associates. He is the founder, chairman, CIO and outgoing CEO of the firm, which manages $160 billion dollars. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. Hes also the

Read More

The post MiB: Ray Dalio of Bridgewater on Principles for Work & Life appeared first on The Big Picture.



The Uptrend Continues Financial Sense

By Matthew Kerkhoff Its been a very bullish year, and yet major averages continue to attack their high-water marks time and time again. For many, this instills a sense of unease a feeling that things are too good...

Chiles "Failed" Neoliberal Reform Is Looking Pretty Good Mises Wire

By: Daniel J. Mitchell

One of the interesting things Ive noticed in my world travels is that supporters of free markets and small government generally are known as liberals everywhere other than North America.

I think the rest of the world has the right idea. After all, folks like Adam Smith are considered classical liberals, so its bizarre that liberal now is used to describe anti-capitalists in America.

To muddy the waters even further, its not uncommon for modern supporters of capitalism to be called neoliberals.

Though I wonder if thats supposed to a be a term of derision. When Im called a neoliberal in other countries, its always by someone who is criticizing my support for economic liberty.

RELATED: "What's the Difference Between Liberalism and 'Neoliberalism'?" by Ryan McMaken

Professor Dani Rodrik of Harvard, in a column for the U.K.-based Guardian, is not a fan of neoliberalism. He acknowledges that the term is ill-defined, but recognizes that it means a less power for government.

neoliberalismdenotes a preference for markets over government, economic incentives over cultural norms, and private entrepreneurship over collective action. The term is used as a catchall for anything that smacks of deregulation, liberalisation, privatisation or fiscal austerity.That neoliberalism is a slippery, shifting concept, with no explicit lobby of defenders, does not mean that it is irrelevant or unreal. Who can deny that the world has experienced a decisive shift toward markets from the 1980s on? Or that centre-left politicians &nd...


The Leninist Theory of the First World War The Past Speaks

Did increasing inequality in the capitalist powers cause the First World War? That was the argument the Lenin famously advanced in Imperialism: the Highest Stage of Capitalism. Subsequent academic research has not been kind to the Leninist theory that greedy bankers pushed their respective governments to war in the summer of 1914. Painstaking archival research by fellow business historians helped to show that pretty much the exact opposite was closer to the truth the bankers, far from wanting war, sought to restrain bellicose governments for a survey of this literature, see Jonathan Kirshner, Appeasing bankers: Financial caution on the road to war. Princeton University Press, 2007.

Since I tend to believe in Capitalist Peace Theory and have applied in my business-historical research on Anglo-American relations in the 1860s, I am generally inclined to accept the view that Kirschners theory is much more accurate than the Leninist one.  However, I have approached the newly-released working paper by Thomas Hauner, Branko Milanovic, and Suresh Naidu on the origins of the First World War with an open mind. Their paper, Inequality, Foreign Investment, and Imperialism, revives a modified form of the Lenininst theory of the origins of the war. The paper expands upon a short comment that Branko Milanovic made in his justly famous book on trends in global inequality, where he had suggested that rising inequality c. 1900 had caused the First World War.  In that book, Milanovic wrote:


I argue that the outbreak of World War I and thus the reduction of inequality subsequent to that war are to be endogenized in the economic conditions predating the war, by which I mean that domestic inequalities played an important role in the run-up to the war. In making this argument I go back to an older, and in my opinion, most persuasive, interpretation of the outbreak of World War I. According to this interpretation the war was caused by imperialist competition, embedded in the domestic economic conditions of the time: very high income and wealth inequality, high savings of the upper classes, insufficient domestic aggregate demand, and the need of capitalists to find profitable uses for surplus savings outside their own country.

Here is the Abstract of the new paper:

We present an empirical restatement of the classical economic theory of imperialism and
the origins of World War I. Using recent data, we show 1) inequality was at histor...


Can Bitcoin Become A World Reserve Currency? Trace Mayer Explains Future Money Trends

Can Bitcoin Become A World Reserve Currency - Trace Mayer Explains

Trace Mayer joins us as Bitcoin cements its place in financial history, we look at the future of Bitcoin and the growing Blockchain sector. We also discuss the present solutions for high transaction fees and which Governments are embracing cryptocurrencies.

04:15 Bitcoin Futures markets attracting institutional money
07:55 Bitcoin is now recognised as an asset class
10:55 Is Bitcoin being used as a cash system?
17:15 The Bitcoin hard forks what is the difference?
19:55 Governments embracing cryptocurrencies
23:15 High transaction fee solutions
25:35 How immutable is the Blockchain 27:55 Where to find out more from Trace


Asset Prices Are Prices Too Mises Wire

By: Thorsten Polleit

We live in inflationary times. Some people might consider this statement controversial. This is because these days inflation is widely understood as a rise in the consumer price index (CPI) of more than 2 percent per year. However, there are convincing reasons to question this viewpoint. On the one hand, the CPI does not include assets such as, for instance, stocks, housing, real estate, etc. As a result, the price developments of these goods are not accounted for by the changes in the CPI.

On the other hand, and even more essential, price changes of goods and services are associated with changes in the quantity of money. This is why economists used to understand a rise in the quantity of money as inflationary (and a decline in the quantity of money as deflationary): Without money sloshing around, there could not be a phenomenon like inflation  that is an ongoing upward trend in all prices of goods and services over time. The truth is that rising prices across the board is inextricably linked to money.

Asset Prices Are Prices

One indicator of an inflationary monetary development is the link between the US money stock M2 and nominal GDP. This ratio can be referred to as a measure of "excess liquidity." Since the outbreak of the crisis 2008/2009, excess liquidity has been growing strongly  as GDP growth lagged behind the increase in the quantity of money. Why? Well, a great deal of the monetary expansion has been driving asset prices upwards  most notably in the stock and housing market.

The Federal Reserve (Fed) has created yet another inflationary boom." The US economy is fueled by extremely low interest rates, accompanied by additional credit and money growth created out of thin air. The monetary expansion leads to an artificial rise in consumption and investment spending, resulting in production and employment gains. Furthermore, the newly created liquidity finds its way into financial (asset) markets, driving up asset prices and even valuation levels.

How To Keep the Boom Going: More Inflation

To keep the inflationary boom going  and prevent the bust,  the Fed has to make sure that credit and money supply keep increasing and that, by no means less important, borrowing and capital costs remain at fairly low levels. That said, the ongoing inflationary policy must  and for political reasons most likely will  go on. Higher interest rates and a slowdown of credit and money creation would take away the punch bowl  and the party would come to a shrieking halt. The economic boom would turn into bust....


#ThankAFreeStater with Chip Free State Project

Chip MCs Merrimack Valley Porcupines

Chip Spangler has been in NH since 2015, and has been an unstoppable force for liberty since long before that.

For over 15 years, Chip has been involved with the Libertarian Party: he was Chair of the Maryland LP, a party officer in Alaska, and currently serves as the Vice Chair for the Southern New Hampshire LP. Since moving to New Hampshire, Chip has been actively volunteering at both Liberty Forum and PorcFest as god of AV, Fr33Aid, and Logistics. He holds the key to our hearts, and also the storage unit.

But thats not all! Every single month, Chip is the MC for two monthly meet-ups in Manchester. The first Saturday of the month you will find him at the mic for the Merrimack Valley Porcupine meet-up (check out the calendar for upcoming locations), and on the first Tuesday of the month he has rocked New Movers Parties, welcoming all the incoming Porcupines with big hugs and a big heart. Shout out to Patrick Donald Binder for taking over that role. You have big shoes to fill, my friend.

Not only is Chip a volunteer lifesaver, he is also a professional one! He is a National Registry Paramedic, and he can tell you on any given day what unexpected events may disrupt your commute.

Jealous? Don't be! All you have to do is reach out and volunteer! We need more people like Chip, and if youre interested in volunteering for Liberty Forum, please fill out this form or email And the next time you see Chip, make sure to #ThankAFreeStater.


Daily Digest 12/12 - Switzerland Prepared For Collapse, 'Worrying Alarm Call' For World's Endangered Birds Peak Prosperity

Daily Digest 12/12 - Switzerland Prepared For Collapse, 'Worrying Alarm Call' For World's Endangered Birds
  • Switzerland is Prepared for Civilizational Collapse
  • When Buying Prescription Drugs, Some Pay More With Insurance Than Without It 
  • Pecking Order
  • Bitcoin Doesn't Exist - 5
  • Iraq formally declares end to fight against Islamic State
  • Macron awards US scientists grants to move to France in defiance of Trump
  • Panama Canal Cant Handle U.S. LNG Boom
  • 'Worrying alarm call' for world's birds on brink of extinction

Join the conversation


Vice Index - Where the US Economy Stands Today Into 2018 Financial Sense

By Andrew Zatlin US Consumer spending is accelerating again. Just in time for the Holiday Season. Consumer confidence is driving a boost in holiday spending. For starters, holiday shopping started early: rather than wait...

Have Stocks Reached a Permanently Rigged Plateau? Financial Sense

By Brady Willett A painting recently sold for a record $450 million, a blanket recently sold for $1.5 million, Bitcoin has gone ballistic, and Cramer thinks there are bubbles everywhere except stocks. Are these the types of signals that bears have been waiting for? In a word, maybe.


There Can Be No Compromise Mises Wire

By: Mises Institute

One of Ludwig von Misess most important political speeches is our year-end gift for donors! Receive this beautifully printed minibook to enjoy yourself, or to give to friends or family.

Throughout his life, Mises was criticized by allies and foes alike for his unwillingness to compromise his principles. Unlike other great scholars like Milton Friedman or even F.A. Hayek, Mises refused to ever justify the schemes of government central planners, and rejected second best solutions that ceded power to those in the halls of Washington.

Why? Simple. He knew there could be no compromise between the market and the state.

In this essay, originally delivered as a speech in 1950, Mises eviscerates the arguments for allegedpragmatic compromise and explains how every state intervention in the economy is a step toward socialism. Without a doubt, this is one of the most important contributions Mises made to American political thought, and one that is as important now as ever before.

Donate $25 or more to the Mises Institute in December, or begin a monthly recurring gift of any amount, to receive your free copy of this historic speech and help us carry on Ludwig von Misess legacy. Please donate today. (Already made a gift in December? Dont worry we will include you in this offer.) Your copy will be mailed in January.

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Tuesday, 12 December


Q&A: We need to produce different food, not more Eco-Business

Tim Benton discusses the shift from increasing food technologies to taking into account the needs of the planet and the impact on peoples health in food production.


The Sweetness of the Marketplace Schumacher Center For New Economics

In his book Debt: The First 5,000 Years, anthropologist David Graeber challenges the myth that trade emerged first as barter and that money then evolved as a solution to the inconvenience of barter in a way that usually goes something like this:

read more

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Monday, 11 December


DOUG CASEY: My Last Great Bull Market Blockchain, Then Gold! Future Money Trends

DOUG CASEY - My Last Great Bull Market - Blockchain, Then Gold

In this insightful interview, Doug Casey is our special guest to discuss the financial renaissance and the transfer of wealth as Blockchain technology continues to disrupt a wide variety of sectors. Further insights are shared regarding the educational system and the current outlook on the Gold Markets.

01:00 Inspiration behind the book speculator
03:20 Cryptocurrency and the evolution of money
06:00 Can Gold backed digital assets work?
08:30 Developing countries urgent need for Bitcoin
10:20 Opportunities and the technological renaissance
12:30 What makes HIVE Blockchain Technologies an amazing opportunity?
15:40 Precious Metals overshadowed by Blockchain technology
22:00 Government subsidies
24:00 Internet disrupting the redundant education system
27:30 Update and analysis on the Gold Markets

Saturday, 09 December


Review of The International Monetary System and the Theory of Monetary Systems by Pascal Salin Mises Wire

By: Carmen Elena Dorob

Quarterly Journal of Austrian Economics 20, no. 2 (Summer 2017)

The International Monetary System and the Theory of Monetary Systems
by Pascal Salin
Edward Elgar, 2016

The present volume is an accomplished theoretical inquiry into the workings of the international monetary system. As the author himself explains in the introduction, the book is intended to provide readers with a good understanding of the economic principles and economic problems of international monetary economics, while drawing on sound general economic theory. Salin fully succeeds in painting a clear and concise picture of the current issues in international monetary relations, and of the theoretical discussions and proposed solutions surrounding them.

Adopting an almost exclusively theoretical point of view, Salin guides his readers in textbook-like fashion through the intricate core propositions of international monetary economics. The first two parts of the book discuss the basic statements and analyses in the field, such as the theory of exchange, the demand for money, the exchange rate, and the fundamental principles of balance of payments analysis. Part III delves into the issue of international monetary equilibrium, touching on the concepts of inflation and devaluation, the formation of international prices, and a range of exchange rate systems including fixed and flexible exchange rates. In Part IV, Salin concludes his investigations with a brief analysis of monetary policy, monetary crises, and monetary integration.

From the beginning, the building blocks of Salins arguments are excellently set up, and together they form an almost self-contained and complete system of thinking about monetary problems. But the strength of the book comes primarily from the fact that this system is grounded in general economic theory. While particular discussions are specialized, and thus somewhat narrow, the overall volume adds to the big picture of the workings of monetary macroeconomics, with a solid foundation in microeconomic theory. Each chapter neatly draws a conclusion on which Salin builds further arguments, but which also constitutes a valuable lesson in itself. Eventually, his analyses lead up to a refreshing overarching remark: a surprising paradox in monetary theory: people debate about the best monetary policy, although the best so...

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