News Commentary

U.S. Has No Moral Standing to Condemn Assad

"Since 1945, the U.S. government has launched aggressive wars in violation of international law. It has tortured prisoners detained without charge. It has dropped atomic bombs on civilian centers, and used napalm, Agent Orange, depleted-uranium shells, and white phosphorus incendiary weapons. It has carpet bombed and firebombed cities. America’s unexploded landmines and cluster bombs still threaten the people of Vietnam and Cambodia. Today it inflicts suffering with Iranian economic sanctions — just as it did to the Iraqi people from 1990 to 2003. The Obama administration bankrolls Egypt’s military government, which massacred over a thousand street demonstrators." Continue reading →

Continue ReadingU.S. Has No Moral Standing to Condemn Assad

U.S. Has No Moral Standing to Condemn Assad

"Since 1945, the U.S. government has launched aggressive wars in violation of international law. It has tortured prisoners detained without charge. It has dropped atomic bombs on civilian centers, and used napalm, Agent Orange, depleted-uranium shells, and white phosphorus incendiary weapons. It has carpet bombed and firebombed cities. America’s unexploded landmines and cluster bombs still threaten the people of Vietnam and Cambodia. Today it inflicts suffering with Iranian economic sanctions — just as it did to the Iraqi people from 1990 to 2003. The Obama administration bankrolls Egypt’s military government, which massacred over a thousand street demonstrators." Continue reading →

Continue ReadingU.S. Has No Moral Standing to Condemn Assad

U.S. Has No Moral Standing to Condemn Assad

"Since 1945, the U.S. government has launched aggressive wars in violation of international law. It has tortured prisoners detained without charge. It has dropped atomic bombs on civilian centers, and used napalm, Agent Orange, depleted-uranium shells, and white phosphorus incendiary weapons. It has carpet bombed and firebombed cities. America’s unexploded landmines and cluster bombs still threaten the people of Vietnam and Cambodia. Today it inflicts suffering with Iranian economic sanctions — just as it did to the Iraqi people from 1990 to 2003. The Obama administration bankrolls Egypt’s military government, which massacred over a thousand street demonstrators." Continue reading →

Continue ReadingU.S. Has No Moral Standing to Condemn Assad

Politics of Bombing Syria Is Secondary to the President’s Power

"He will claim that it is not an act of war but a one-time retaliation. He will claim that he has the authority by his power to conduct foreign policy. Precedents that go back to the earliest days of the republic support the latter claim, even if the Constitution has nothing to say about the conduct of foreign policy. Obama, the constitutional lawyer, understands this. If he decides to bomb Syria, he will. His only political calculation will be what degree of public and Congressional support he wants to secure, but he has no doubt that he has the power to bomb. He already has been using this power in Libya, Yemen, Pakistan and elsewhere since he became president." Continue reading →

Continue ReadingPolitics of Bombing Syria Is Secondary to the President’s Power

The Last Secular Arab Country

"The US regime, with its trained and financed local jihadi army, is in the process of destroying the last non-Islamist Arab regime: Syria. Like all empires, the US seeks to make trouble in order to dominate and enrich itself and its compatriots, governmental and corporate. Oh, and here is one effect of a jihadi takeover: the ancient Christian communities in Syria, there since the time of the Apostles and protected by Assad and his father, will be ethnically cleansed, with many murdered in the process. So the cannibal rebels promise." Continue reading →

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The negative value of US citizenship

"It’s much easier to travel the world on a US passport than it is on a passport from, say, Syria, or Bangladesh — but, that said, there are countries which really don’t like admitting Americans, and if you already have a passport from Canada, or the EU, then you’re going to find it just as easy to travel as you would if you had one from the US. A green card holder can leave the US at any time, give up her green card, and thenceforth never have to pay a cent in US taxes, or even file a US tax return, ever again. This is an option which would be valued extremely highly by many Americans. By becoming a US citizen you essentially give up that option, as the likes of Eduardo Saverin have learned to their cost." Continue reading →

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Fast-Food Strike Means Time to Buy Gold

"It’s clear from the stories I read that Burger Nation doesn’t realize the predicament it’s in, nor does it understand the law of unintended consequences. Push on a balloon in one spot, a bulge appears elsewhere … which is to say that the status quo with consumer prices today will not be the status quo tomorrow when wages are $15 an hour. Salaries will go up, but so too will consumer prices, and the spending power of $15 will feel exactly like the spending power of $7 to $10 – and workers will have essentially gone nowhere economically, though America could find herself hamstrung by a new financial crisis — runaway inflation." Continue reading →

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Bill Bonner: Can paper money survive a full credit cycle?

"A super bank run by super economists? How long would it take for them to blow up the whole world's financial system? But don't worry about it. The system will blow up anyway. No paper money system has ever survived a full credit cycle. That - and not a lack of international monetary reform - is why there are so many bubbles now. When interest rates are falling - often pushed to artificially low levels...and held there for an extremely long time - credit expands and the burden of debt. That has been happening for the last 3 decades. And now, the whole economy depends on something that can't possibly continue. Debt can't grow forever." Continue reading →

Continue ReadingBill Bonner: Can paper money survive a full credit cycle?

The Dead-Head Fed And “The Only Road to Riches”

"The only thing we can do is manage our risks. We can stick to undervalued stocks. We can focus on strong balance sheets, which, for businesses are a lot like foundations for buildings. They can be the difference between surviving a crisis and succumbing to it. We also aim to align ourselves with owner-operators — people who have a vested interest in survival. Now, portfolios are like pirate ships. They are made to sail the open seas in search of treasure. You don’t raise a pirate ship and crew and have them waste away in a harbor somewhere. You send them out and realize that you’ll take some damage from time to time, but that you’ll make it up with the treasures you haul in. The key is not to lose the ship." Continue reading →

Continue ReadingThe Dead-Head Fed And “The Only Road to Riches”

Jim Rogers: Need to own real assets in India

"Jim Rogers: Your politicians have been making mistakes for decades and every time you just push into the future, the problems get build up and get worse and worse and worse. There are plenty of smart Indians and there are plenty of smart people who could help India. Unfortunately, the government does not listen to them. But if I were doing it, I would abolish all exchange controls, I would abolish all capital controls, I would abolish all subsidies, I would abolish the absurd laws governing a restraining agriculture. I would cut spending so that there is no deficit spending." Continue reading →

Continue ReadingJim Rogers: Need to own real assets in India