Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

June 27, 2016

Brexit vs 1% Utopia


     A presupposition throughout Guruland that Brexit means the Brits will abandon ZIRP/NIRP (zero interest rate policy/negative interest rate policy) and the rest of it, and spark a global return to free market capitalism fails to address the core issue.  Commie policies like ZIRP/NIRP have been adopted by central bankers worldwide to keep failed wild-spending politicians in office.  Are there no failed wild-spending politicians languishing in Great Britain?  Why would pols there want to give up the enormous power grab spawned by pinko bureaucrats that's brought central party members into permanent total control of their hapless electorates?  Are the 1% and their political lapdogs anywhere going to give up constant asset appreciation in a world where everyone else loses economic ground year after year after year?

     We think not, but only time will tell.  Whatever, there are no answers coming from those in a position to know.

     The Post holds to its projection that twenty years from now our leaders will announce that the United States has been transitioned into a communist nation over the previous two decades, starting with the nationalization of the Treasury bond market, and the peaceful revolution is done.  The next day, your dividend payments will stop, and our subscribers will get emails informing us that monthly stipends from the Department of Health and Human Services have begun.




   

June 8, 2016

Will a Brexit Topple the EU?


     A British exit from the European Union leads to a total breakup - with France next.  The Telegraph's Ambrose Evans-Pritchard tackles the reasons why grave unrest over socioeconomic issues all across Europe could grow into political upheaval:

http://www.telegraph.co.uk/business/2016/06/07/france-shuns-europe-as-brexit-revolt-spreads/ 



June 2, 2016

Mars by 2025


     The entrepreneur who wants to colonize Mars first, leaving settlement of the relatively nearby moon to the professionals, has put a date to his wild-eyed plan: launch by 2024, meaning ETA is only 9 years away.  Valued subscribers, if Hollywood ever sets out to make a science fiction movie about our times, now would seem the perfect moment for those opening credits to roll: 

http://techcrunch.com/2016/06/01/elon-musk-wants-people-on-mars-by-2025/

     Break out the popcorn and await the first astounding twist in what'll surely turn out to be a captivating, star-studded plot.



June 1, 2016

Pyramid Building and China


     In Ancient Egypt, sovereign projects constructing humongous objects of, at best, questionable economic value ushered in prosperous times.  Somehow, massive monoliths carved from stone quarried at faraway sites were dragged, carted, barged, tugged, pushed/pulled on rollers, or otherwise lugged, and likely manhandled into place, piled atop one another in ways scholars can't begin to explain, let alone agree upon, today.

     The sophistry of John Maynard Keynes has fallen into this very same category over his recent NIRP ZIRP era.  Only, the pyramids remain, looted but still basking under their brutal desert sun, while worldwide, economic structures built by Keynesian theory lie in shambles, crumbling to the ground.

     Looking away from the failed hooey of academia and casting one eye on the ancients and the other on our commie friends in China, modern man can see a sure way out of his current economic malaise ....

     Build more empty cities.  Lots more.  Tear the old ones down if you want, pulverize everything, and begin anew.  Or not.  Just build more.  What difference does it make, how many empty cities you have?  What difference did it make, how many pyramids they had?  Millennia from now, people will marvel at what we will have done.

     Everybody join in.  New York City is way overcrowded.  Build New York City 2.  If somebody moves in, all the better, and they will in many, many places.  London 2, Paris 2, Mexico City 2.

     Mexico City 3, Mexico City 4, and Mexico Cities 5 through 9 if Donald Trump gets elected.

     And while we're at it, lets get rid of the central bankers too.  Keynes needed a banking system to screw with, and we probably ought to keep that, but you can eliminate the means by which his extravagant poppycock has thrown the world into a Lords of Finance forex free-for-all amidst backbreaking debt raised by failed politicians kept in power through an attack on savers, the very people who are any economy's greatest strength.

     Dump them all.  With demand side economics, or supply side, a case to keep central bankers around could be made, well conceivably anyway, but under pyramid side economic theory, we won't be needing a single one.