Essays

The Silver Lining as Banks Say “No More Americans”

"Independent asset managers are entrepreneurs at heart. Many have started their own businesses after gaining deep experience in private banks or large investment houses. They recognize that those two business models don’t properly serve those looking for lower account minimums with the superior service found at smaller firms. Most Swiss independent asset managers feature tight, professional teams of four to five deeply experienced members. These managers are going about it the right way. They are registered with the SEC and they work with the very same private banks that decided to say good-bye to American clients." Continue reading →

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The Dark Side of Technology

"Typically we paint a rosy picture of the future. We think technology will bring great prosperity to the world. The benefits of technology will far outweigh the perils and dangers that are so often the focus of people's mindset. However, it would be remiss of us not to delve into some of the potential dangers of technology. And thus in understanding the good that comes from tech, it's important to understand the darkness that also comes with breakthroughs and innovation. To paraphrase Churchill, don't run from it, confront these issues and you might have a part in making sure the future of our world sides with the good technology can bring, not the dark side." Continue reading →

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How to Safely Internationalize your Domain Name

"Purchasing the domain name for your international internet business is an important step, one which will help support your brand and identify your business to your customers. Much attention is paid to the first part of the domain name, because it is generally assumed that the domain name will end in .com. This is a terrible mistake. As I have written before, where you register your domain name may land you in jail. The US has used the fact that a US-based company acts as the administrator for all .com domains to claim jurisdiction over all websites ending in .com, regardless of where the actual website is located. Here is the good news." Continue reading →

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Blind Man’s Bluff: Why the Surveillance State Is Doomed

"The bureaucrats' quest for omniscience and omnipotence will come to a well-deserved end, just as it did in the Soviet Union, and for the same reason. The state is inherently myopic: short-sighted. Computers make it blind. The state focuses on the short run. Computers overwhelm bureaucrats with short-run information. Let us not forget that the Internet was invented by DARPA: the military's research branch. It invented the Internet to protect the military's communications network from a nuclear attack by the USSR. Today, there is no USSR. There is the World Wide Web: the greatest technological enemy of the state since Gutenberg's printing press." Continue reading →

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Paul Craig Roberts: How the US Became the USSR

"The communists had a Julian Assange and an Edward Snowden of their own. His name was Cardinal Jozef Mindszenty, the leader of the Hungarian Catholic Church. Mindszenty opposed tyranny. For his efforts he was imprisoned by the Nazis. Communists also regarded him as an undesirable, and he was tortured and given a life sentence in 1949. Freed by the short-lived Hungarian Revolution in 1956, Mindszenty reached the American Embassy in Budapest and was granted political asylum by Washington. However, the communists would not give him the free passage that asylum presumes, and Mindszenty lived in the US Embassy for 15 years, 79% of his remaining life." Continue reading →

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Who Owns Congress? The NSA or the FED?

"What did it tell Congress? It did not have to tell Congress anything. Congress knows who has the phone data of every member of Congress. But what about 'We, the people?' Them, too. Then who owns Congress? The NSA spies on the FED. It can blackmail any FED official at any time -- just as it can blackmail any member of Congress. Yes, the FED can cut off the government's money. Maybe Congress will then cut off the NSA's funding. But it never has in the past. So, the Federal Reserve is not the owner of Congress. It merely holds a long-term sublease through a lease arrangement from the NSA." Continue reading →

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What’s Up with Inflation?

"Many argue that these weightings skew the CPI lower, as do hedonic adjustments. The motivation for this skew is transparent: since the government increases Social Security benefits and Federal employees' pay annually to keep up with inflation (the cost of living allowance or COLA), a low rate of inflation keeps these increases modest. Those claiming the weighting is accurate face a blizzard of legitimate questions. For example, if healthcare is 18% of the U.S. GDP, i.e. 18 cents of every dollar goes to healthcare, then how can a mere 7% wedge of the CPI devoted to healthcare be remotely accurate?" Continue reading →

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Bill Bonner: The Making of a Modern Debt Slave

"In China, the 'bare branches' — young men who couldn’t find wives — started a revolution. The Nien Rebellion, which took place between 1851-68, cost over 100,000 lives and almost toppled the Qing Dynasty. Will today’s young people accept their lot… and remain in docile debt servitude their whole lives? Or will they rise up, as Mr. Graeber suggests, and burn T-bonds in public spaces… rampage down Wall Street… and perhaps hang Ben Bernanke in front of the New York Federal Reserve?" Continue reading →

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Jeffrey Tucker: The Joys of Living

"How can we really know what we want if we’ve never had it before? The less free we are, the less we know what freedom feels like and how it shapes who we are. The more dependent on government we become, the less we crave independence. This is why it is important to find literature that takes us out of our present moment and introduces us to different ways of thinking. We have to imagine a different ideal. This is why I’m nuts for a book that came out right at the end of the Gilded Age, and just before we got the permanent income tax and the Fed, as well as World War I. It is the last look at the mindset of what I could call the real 'greatest generation.'" Continue reading →

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Law professor: Should 3rd Amendment prevent government spying?

"If the government places a surveillance device in your home, is that sufficiently like quartering troops there to trigger Third Amendment scrutiny? What if it installs spyware on your computer or your cable modem? What if it requires 'smart meters' that allow moment-to-moment monitoring of your thermostat settings or toilet flushes? These specific concerns weren't what the Framers had in mind. In their day, to spy on a family in its own home, you'd have to put a soldier there. But now we have electronic troops in the form of software, gadgets and sensors. Maybe the law needs to take account of this." Continue reading →

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