Sunday, September 22, 2019

Economics 101: Who Sets Prices?

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by Alasdair Macleod, GoldMoney:

Since the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are provided by the state, and capitalism is left to provide the rest. Vital services in a modern economy are taken to include pensions, unemployment and disability benefits, healthcare and education. Most states also provide communications, such as rail and road infrastructure, electrical grids and perhaps telecommunications. They often own and operate on behalf of the people utilities, such as the railways, ports, electricity and water.

A How-To Guide For Installing A Home Garden

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by Chris Martenson, Peak Prosperity:

If you’ve been intending to become a gardener but aren’t quite sure yet how to get started, this how-to guide is for you.

It chronicles the steps that I successfully followed to put in my own garden this year, in my spare time, all while working hard on the Peak Prosperity business as well as traveling frequently for work. From start to finish, it was a 1-manpower project – showing that if I could get this done on my own given my crazy work schedule, most anyone can do this, too.

Hopefully this guide will give you the direction, inspiration, and confidence that you, too, can be tending your own well-constructed garden beds soon.

The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart

by Michael Krieger, Liberty Blitzkrieg:

It’s our currency, but it’s your problem.

– U.S. Treasury Secretary John Connelly to European Finance Ministers, 1971

Today’s post will cover a topic that consumed my thoughts for many years, but one I haven’t discussed much lately. Namely, the terminal nature of a global financial system being propped up artificially by central bank shenanigans.

First, it’s crucial to understand that at the very core of our global economy is a financial system dominated by the U.S. dollar. The USD is a fiat currency directly backed by nothing, the supply of which can be arbitrarily altered and manipulated by a group of unelected bureaucrats in charge of the Federal Reserve. This money system represents the most powerful tool of centralized power on planet earth.

More hilarious facts about Tesla from a hedge fund manager who’s short the stock

by Simon Black, Sovereign Man:

A few weeks ago, we shared a note about Tesla from the hedge fund Vilas Capital Management. The firm, which is short the shares, said “Tesla is going to crash in the next 3-6 months.”

I received an update from Vilas this morning explaining why they’re even more bearish on Tesla today. The firm pared its short positions after the recent selloff. And Telsa now comprises about 98% of their short book.

Clearly Vilas thinks Tesla’s reckoning is imminent.

You can read the rest of Vilas’ thoughts on Tesla below:

Doug Casey on the Demise of Nation States

by Doug Casey, Casey Research:

Justin’s note: Longtime readers know what Doug Casey thinks of nation states. He says they’ve mostly been an “inefficient, counterproductive, and expensive nuisance” and a “testimony to how thoughtless the average person is.

He also says nation states are going out of business.

I recently called him up to get an update on where we are today… and what to expect going forward.

Today and tomorrow, I’m sharing our discussion. I think you’ll enjoy…

Police Testing Controversial Portable DNA Machine

by Aaron Kesel, Activist Post:

For the last 10 months, Houston police have been testing a new mobile DNA machine called rapid DNA that runs tests in under two hours.

HPD launched a pilot program with the company ANDE to test a machine that runs DNA tests in under two hours, local news station KHOU11 reported.

“This rapid DNA is the future. It comes down to when mathematicians stopped using abacuses and started using calculators. It’s that important to criminal justice,” said Lt. Warren Meeler, Houston Police Department, Homicide Division.

Child ‘Victim’ of Alleged Syrian Gas Attack Speaks Out, Says He Was Given Food to Make the Video

by John Vibes, The Free Thought Project:

Incredible and bombshell testimony from a young boy who appeared on film during the alleged “chemical attack” in Syria this month, claims there was no attack and he went through the process of getting hosed off just to get free food.

In the weeks since the alleged chemical weapons attack in Douma, Syria, evidence contradicting the official story continues to surface.

This week, journalists on the ground in Syria recorded interviews with some of the people who were there for the alleged attacks – people who actually appeared in the video that was shared widely by Syrian rebels associated with the White Helmets on April 7th, provoking attacks from the United States Military and its allies.

The Delusions of MAGA, Part 1

by David Stockman, David Stockman’s Contra Corner:

The Donald took to some bragging during yesterday’s annual tax filing moment—-assuring America’s oppressed taxpayers that happier times beckon. In fact, he insinuated that MAGA is not just a slogan. By his lights, apparently, we are already living the dream. To wit:

On this Tax Day, America is strong and roaring back. Paychecks are climbing. Tax rates are going down. Businesses are investing in our great country. And most important, the American people are winning.

So our purpose in this multi-part series is to beg to differ. Profoundly.

The Donald is not leading America to the promised land. Instead, he’s leading it to war abroad, fiscal and economic calamity at home and a crisis of governance that pales Watergate into insignificance.

The War between Public Pensioners and Tax Donkeys Is Heating Up

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by Charles Hugh Smith, Of Two Minds:

The migration is only beginning, but that’s only half the story.

You know it’s serious when the newspaper of record finally reports it: A $76,000 Monthly Pension: Why States and Cities Are Short on Cash (New York Times).

It’s a long article but the summary is brief: corrupt politicos promised the moon to public employees, and now the fiscal chickens of insolvency are coming home to roost.

Public pension obligations are rising so fast that even repeated tax increases can’t keep up.

Today’s Outlook: Global Annihilation, Grave Robbing, and More

by Phil Butler, New Eastern Outlook:

A few days before the United States, Britain, and France wasted several hundred millions of dollars attacking Syria, a The Guardian report from Thomson Award-winning journalist, Martin Chulov assured us the now notorious White Helmets Organization (WHO) were planning to smuggle dead bodies out of Douma, Syria. wreaking with a mystery nerve agent. Unfortunately for Chulov and others who create the anti-Russia narrative, the victims in Douma did not die from a gas attack.

Last week, when the U.S.S. Truman (CVN-75) battle group set sail from Norfork, Virginia, there was a race on to try and cover the ass of the President of the United States. Donald Trump’s boisterous “nice, new, and smart” missile Tweet in the direction of Vladimir Putin stunned the world into a new realization. The Americans who supported the billionaire property developing celebrity are not getting what they voted for. As we all know now, the U.S., France, and the UK fired missiles at mundane targets from various ships and aircraft in order to help Trump keep his word. The essence of the whole sorted affair is that peace on Earth and making American great again (MAGA) are mutually exclusive terms for Trump and his handlers. In case you are unaware, at the moment Trump promised almost certain war against the world’s second nuclear superpower, he did not have in place the capability to back up his threat toward Russia’s Vladimir Putin and Russia. So, in their infinite military wisdom, the Pentagon came up with a “Plan B” – to fire over 100 missiles at research facilities the U.S. and partners could later claim were chemical weapons fascilities. Never mind the reality of blasting VX and Sarin gas (or worse) stockpiles to bits just outside the oldest city in the world – the Trump world order knows the people are too busy or too stupid to “get it”. But my purpose here is not to analyze American policy, it’s investigate how trusted journalists end up trying to convince us of administration lies, and the role various stakeholders play in creating strategy support groups like the White Helmets.