Dear Reader, One of the nice things about two countries going to war…when you’re not one of them…is that you get to watch. And learn. But you can’t trust the mainstream media to report the facts honestly. The US press has taken sides. So its ‘news’ is more like propaganda than real intelligence. For example, […]
Enough Rope
Bloomberg reports: ‘White House to Tighten Russian Sanctions’. What, exactly, does the US hope to get from the sanctions war? What evidence is there that it will work? Meanwhile, Canada, which is rapidly getting a reputation for being an even bigger dope than the US, sanctions Russia’s top banker. Bloomberg again: ‘Canada sanctioned Russian central […]
The Fed’s Poison Pill
Dominating the headlines are crime…war…inflation…and Elon Musk. Newspapers have their ‘foreign affairs’ sections. Finance. Local news. Classified. And Musk. Bloomberg’s ‘Musk Desk’ reports: ‘Billionaire entrepreneur Elon Musk kept investors in the dark this weekend, floating a cryptic tweet with the word “tender,” a likely wink-and-nod reference to a potential tender offer to Twitter Inc. shareholders […]
Crucified on a Cross of Paper Money
Good Friday, 2022 As long-time sufferers of this blog know, we are part-time residents of a country ahead of the US. Whatever dumbbell thing US politicians, opinion mongers, and the Establishment Elite do in the US…the Argentines have already done it, more than once…and with style. And so…when we’re down here, we keep our eyes […]
War on the Patriarchy
China, Russia, Pakistan, India, Iran…most of the world’s people are not part of the US’s sanctions war against Russia. But all have seen what the US can do with its ‘weaponised’ dollar
Bluff and Bluster
The sanctions war is no more likely to end well than the wars in Vietnam, Iraq, or Afghanistan.
Reaping the Whirlwind
Joe Biden’s tax plan would give the US the highest tax rates in the Western world. And now comes Senator Bernie Sanders with a ‘one-up’
Into the Wild
Whatever else can be said about it, this must be one of the most interesting and entertaining chapters in the history of central banking.
Parable of Plenty
COVID story has disappeared from the headlines. Thank God…we were getting tired of it. Now we have a new crisis…a new bete noire — Russia.
This Brave Ahab
By our reckoning, US stocks are about US$25–30 trillion overvalued. Typically, around 80% of GDP, the Wilshire 5000, which captures all US publicly traded equities, is now almost at 200%.
