News Commentary

Bitcoin Should Get Ready for an Attack

"The coming attacks will be publicized rapidly – with stories and releases prepared ahead of time – and will paint the worst possible picture. Afterwards it will be seen that the first loss estimates were wildly high, but that won't matter to the people who see the headlines on the evening news. Joe and Jane Obedient will believe the worst. This is all manipulation, obviously, since people are being ripped-off in government money, on gigantic scales: millions of thefts at once. But, such is the state of the West at this sad moment: The large abusers are sanctified and the innovators are demonized." Continue reading →

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The ‘Rain Tax’

"In 2010 the EPA ordered Maryland to reduce stormwater runoff into the Chesapeake Bay so that nitrogen levels fall 22 percent and phosphorus falls 15 percent from current amounts. The price tag: $14.8 billion. And where do we get the $14.8 billion? By taxing so-called 'impervious surfaces,' anything that prevents rain water from seeping into the earth (roofs, driveways, patios, sidewalks, etc.) thereby causing stormwater run off. In other words, a rain tax. And who levies this new rain tax? Witness how taxation, like rain, trickles down through the various pervious levels of government until it reaches the impervious level — me and you." Continue reading →

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As Canada Collapses, Do We Need to Ask Why?

"At some point this sort of astonished rhetoric must begin to grow stale, even, well ... unbelievable. We are supposed to slap our collective forehead and ask, 'How could this be happening?' But, in fact, we already know. You do, too. Central banking monopoly money stimulation has taken down Western economies from Europe to the United States and beyond. And after a full century of central banking mayhem it is impossible to believe that the leaders of this failed economic environment can have any doubt left about its destructive tendencies." Continue reading →

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The Most Dangerous Conspiracy of All Time

"They justified their 'revolution' by saying they’d end the conspiracy and bring order to society. But in reality, they only made things a lot worse. The country I’m talking about is Brazil — and the social blight I described was especially apparent in the central and northern regions where I lived and traveled in the 1950s and ’60s. The conspiracy: The deliberate policy of massive money printing by the central bank, the Bank of Brazil. The immediate consequence: Hyperinflation. The long-term impact: Destruction of wealth, erosion of social institutions, mass corruption in government, enrichment of the few, impoverishment of the many, and chaos." Continue reading →

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Bill Bonner: Will Japan’s radical gamble work?

"The BOJ says it just wants to get inflation to 2%. It says it will buy assets with money that didn't exist previously...and keep buying...until inflation reaches 2%. Then what? Well, we guess it will stop. And then what? Then, it will have an economy that has come to expect 70 billion yen in new money every month. And an economy with a monetary base of BOJ assets maybe twice what it is today. People make radical gambles now and then. Businessmen might take a chance now and then. Gamblers might go for long odds. Lovers might hope to get lucky. For a central bank to make a 'radical gamble' bespeaks desperation and lunacy." Continue reading →

Continue ReadingBill Bonner: Will Japan’s radical gamble work?

Bill Bonner: Will Japan’s radical gamble work?

"The BOJ says it just wants to get inflation to 2%. It says it will buy assets with money that didn't exist previously...and keep buying...until inflation reaches 2%. Then what? Well, we guess it will stop. And then what? Then, it will have an economy that has come to expect 70 billion yen in new money every month. And an economy with a monetary base of BOJ assets maybe twice what it is today. People make radical gambles now and then. Businessmen might take a chance now and then. Gamblers might go for long odds. Lovers might hope to get lucky. For a central bank to make a 'radical gamble' bespeaks desperation and lunacy." Continue reading →

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Cypriot Chaos Assists EU Centralization

"Today, major bank runs happen for the most part not on the street, but electronically and often within minutes. They attract minimal public attention, are easily kept quiet, and the aggregate amounts transferred are known only to finance ministries and central banks. The true magnitude of any run on Cypriot or eurozone banks is hard for outsiders to clearly ascertain. This can be used as a major weapon in cajoling EU leaders into accepting greater banking 'unity' in both the eurozone and the greater EU. Should the Cypriot crisis prove an inadequate threat to further centralize the EU banking system, then there are a number of brewing crises that might do the trick." Continue reading →

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“State Control”: What the UN Firearms Treaty is All About

"For more than fifty years, the United Nations, with the enthusiastic support of the U.S. government, has pursued a vision of 'general and complete disarmament' in which the world body, or its successor, would claim a monopoly on the 'legitimate' use of force. Within that global monopoly, each national government would have an exclusive territorial franchise. It was in pursuit of that formula that UN 'peacekeepers' were deployed in Rwanda in 1993. Despite that country’s history of bloody ethnic conflict, Rwandans were assured that they had nothing to fear from a UN-approved government that claimed a monopoly on weaponry." Continue reading →

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Ignorance is Strength: Kim Jong Un Edition

"For one state to respond to another state’s military aggression by killing, or threatening to kill, its civilian population is monstrous. And if it’s monstrous, it’s monstrous when anyone does it. It would also be monstrous if some purely hypothetical country, the only country in the world with atomic weapons, used them to kill several hundred thousand civilians in two Japanese cities. It would be monstrous if some purely hypothetical country with hundreds of long-range bombers had had, as its official military policy, making first use of nuclear weapons and hitting every major population center in the USSR in retaliation for a conventional incursion into Western Europe." Continue reading →

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Media Infantilism, Ours And Theirs

"Isn't it funny how sometimes when the government media in an authoritarian society makes a claim -- such as Syrian state press claims that the armed insurgents are responsible for this or that atrocity, or Bin Laden's claims that he was irritated at the US for stationing troops in Saudi Arabia and favoring Israel -- it is when serving US foreign policy goals written off as the hysterical lying propaganda of a ruthless dictator or madman? However when the US media is echoing the regime in beating the war drums, as on North Korea, every claim by the state controlled media in this or that foreign authoritarian state is to be taken as the Gospel truth." Continue reading →

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