News Commentary

Paul Craig Roberts: Will Obama Doom Himself As A War Criminal

"Recently, the Turkish government shot down in the streets more of its own people–peaceful protesters, not imported mercenaries trying to overthrow the Turkish government–than were killed in the alleged use of chemical weapons by Assad. No country regards the criminal states of Turkey and Israel as cover for a war crime. If Obama is pushed by Susan Rice and the evil neocons, who are strongly allied with Israel, into going it alone and conducting a military strike on Syria, Obama will have made himself an unambiguous War Criminal under the Nuremberg Standard created by the US Government. Unprovoked military aggression is a war crime under international law." Continue reading →

Continue ReadingPaul Craig Roberts: Will Obama Doom Himself As A War Criminal

Will Boehner Stop Our Rogue President?

"Why this rush to war? Why the hysteria? Why the panic? Syria and Assad will still be there two weeks from now or a month from now, and we will know far more then about what happened last week. Understandably, Obama wants to get the egg off his face from having foolishly drawn his 'red line' against chemical weapons, and then watching Syria, allegedly, defy His Majesty. But saving Obama’s face does not justify plunging his country into another Mideast war. Does Obama realize what a fool history will make of him if he is stampeded into a new war by propaganda that turns out to be yet another stew of ideological zealotry and mendacity?" Continue reading →

Continue ReadingWill Boehner Stop Our Rogue President?

Bravo Britain

"BBC News fails to lead its Internet page with the magnificent news that Parliament, for once, has executed the will of the people, and that the UK will be staying out of Syria. Instead, the left-liberal interventionist at BBC News (people of Samantha Power’s ilk) have buried the item in an article about 'I, Obama' (America’s imperial president), and his administration’s various ahistoric, idiotic pronouncements. BBC News makes only veiled allusions to the 'unexpected outcome in the parliament,' to 'British MPs [ruling] out London’s involvement in any US-led strikes against Syria,' and to 'British members of [parliament's rejection] of the principle of military action against Damascus in a 285-272 vote.'" Continue reading →

Continue ReadingBravo Britain

Eric Margolis: Another Jolly Little War

"The US, Britain, Italy and Germany exported chemical weapons plants and raw material to Iraq that produced Sarin nerve gas and burning mustard gas. Many thousands of Iranian soldiers were killed, horribly burned or blinded by these western-supplied weapons. So a little less western moral outrage, please, particularly from the Brits whose own sainted Winston Churchill authorized the use of poison gas against rebellious Iraqi and Afghan tribesmen. North Vietnam was drenched with the toxic Agent Orange, the resisting Iraq city of Falluja was showered by white phosphorous, Iraq was permanently contaminated by radioactive depleted uranium. These foul weapons also kill babies." Continue reading →

Continue ReadingEric Margolis: Another Jolly Little War

Peter Schiff: The Unfriendly Skies

"The truth is that our impoverished citizenry can no longer support the airline industry we once had. That's why American and U.S. Air had to merge in order to stay competitive and profitable. That is the sad truth behind the headlines. The government is correct about one thing, the merger would result in fewer choices and higher fares for customers. But given the reduction of our living standards that outcome is impossible to avoid. If our government really wants to protect consumers and allow for more affordable air travel, a better solution would be to reverse the destructive policies that made the merger necessary in the first place." Continue reading →

Continue ReadingPeter Schiff: The Unfriendly Skies

Americans are Now Traveling Overseas for Surgery

"Growing up I recall hearing stories of how wealthy foreigners would frequently travel all the way to these United States in order to receive top notch medical attention. Fast forward a decade or two, and all I hear about now is how it is us Americans being forced abroad in order to receive affordable care. The article below from the New York Times, 'In Need of a New Hip, but Priced Out of the U.S.' is a fantastic, but depressing read on the subject. While this is an extraordinarily complicated subject, one on which I claim zero expertise, one thing is for certain. If a U.S. citizen has to travel to Belgium to implant a medical device made right here in the USA, we have a very, very serious problem." Continue reading →

Continue ReadingAmericans are Now Traveling Overseas for Surgery

Marc Faber on Gold & Debt

"We have had a meaningful correction in gold. From $1921 in September 2011 to less than $1200 at the bottom is a fairly large correction. But in longer-term bull markets, these kinds of corrections do occur. We had a 40-50% correction in 1987 in equity markets. But the bull market lasted until the year 2000. Looking at the fundamentals, looking at how debt will continue to increase and how central banks will continue their monetization not only in the US but on a worldwide scale, I assume the price of gold will trend higher. Most likely we've seen the lows below $1200. Eventually we will be over $1921. The question is, Will it be this year or in five years? That I don't know." Continue reading →

Continue ReadingMarc Faber on Gold & Debt

PM Volatility Masks Impending Rise In Metals And Miners: Don’t Sell Out

"During the 12-year PM bull market, gold has tracked the increase in the US debt ceiling. The break of the past 15 months closely resembles the 2008 correction in PM prices that occurred even as the debt ceiling got a massive lift, one that the current incumbency has increased. With the national debt nearly $7 trillion above the level of January 1, 2009, PM prices have resumed their secular rise, increasing 18% since the June 26 lows. It resembles the initial rise of PM prices early in 2009. If gold continues to approximate the rise of this debt as it has for twelve years, by 2016, it will hit $3500/oz." Continue reading →

Continue ReadingPM Volatility Masks Impending Rise In Metals And Miners: Don’t Sell Out

How Do You Like Your Central Planners, Bookish or Flamboyant?

"I knew Yellen in grad school and have encountered Summers in person, and I agree fully with these characterizations. But the Economist’s editorialist misses entirely the bizarre, indeed grotesque, context of this discussion. The Fed is the world’s most powerful government economic planning organization and its decisions affect the lives and prosperity of millions, if not billions. All this will hinge on the personality of one person? How about a system in which authority is decentralized, power is limited, and nobody cares who calls himself 'Fed Chair'?" Continue reading →

Continue ReadingHow Do You Like Your Central Planners, Bookish or Flamboyant?

Fixing the fast-food strike

"If you are one of the concerned, caring, and vastly indignant activists behind this strike, I’m here to tell you that your social-justice problem has a simple solution. Take out a loan (or put together the money from your like-minded activist friends), buy a franchise from one of the chains, and hire workers at $15 an hour. There, that was simple, wasn’t it? You’ll make money hand over fist and demonstrate to all those eeevil corporations that they can too pay a 'just wage'; they just don’t want to because they’re greedy. The commercial landscape would be alive with virtuous workers’ collectives paying their members fat wages and thumbing their noses at top-hatted plutocrats. Why doesn’t this happen?" Continue reading →

Continue ReadingFixing the fast-food strike