The Latest

Washington’s Feckless War On Russia Is Accelerating The Empire’s Decline

Second, it must be understood that at this point the American ruling elite is almost entirely senile. The older ones seem actually senile in the medical sense. Take Leon Panetta, the former Defense Secretary: he’s been out flogging his new book, and he is still blaming Syria’s Bashar al Assad for gassing his own people! By now everybody else knows that that was a false flag attack, carried out by some clueless Syrian rebels with Saudi help, to be used as an excuse for the US to bomb Syria—you know, the old “weapons of mass destruction” nonsense again……

Contra Club

China’s Malaise Is Born In The USA

First, the China Manufacturing “Flash” PMI had “markets” exhaling relief since an increase from 50.2 to 50.5 meant, Manufacturing Rebound Relieves Growth Concerns. A week later, however, that PMI increase disappeared as the final PMI for September came in at an even 50.2 instead – which altered the commentary from “rising” manufacturing to “thankfully” steady…

James Howard Kunstler On “Omenland”

Did a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified “liquidity” that led two Federal Reserve proctologists to maunder about the possibility of a QE-4 laxative……

Friends Of Liberty Alert: Secy Robert Reich And Senator McCain Join In Universal Servitude Plan

Mandatory national service is not just anti-liberty, it is un-American. Whether or not they admit it, supporters of mandatory national service do not believe that individuals have “inalienable rights.” Instead, they believe that rights are gifts from the government, and, since government is the source of our rights, government can abridge or even take away those rights whenever Congress decides.

The Failing State Next Door: The War On Drugs And Civil Order In Mexico

Uncle Sam needs to get his head out of the Middle Eastern sand and direct his attention back to his own hemisphere – where, right next door, a major crisis is incubating. Secondly, we need to realize that we’ve already done too much of the wrong thing – funding and supporting successive Mexican governments that have repressed their own citizens and presided over the looting of the country. Thirdly, our policymakers need to understand that Mexico, in spite of its proximity to our shores, is just like any other failed state in that its history lends itself to failure…….

Contra News & Views

Washington’s Feckless War On Russia Is Accelerating The Empire’s Decline

Second, it must be understood that at this point the American ruling elite is almost entirely senile. The older ones seem actually senile in the medical sense. Take Leon Panetta, the former Defense Secretary: he’s been out flogging his new book, and he is still blaming Syria’s Bashar al Assad for gassing his own people! By now everybody else knows that that was a false flag attack, carried out by some clueless Syrian rebels with Saudi help, to be used as an excuse for the US to bomb Syria—you know, the old “weapons of mass destruction” nonsense again……

The Endless Bush/Obama Gift To Iraq: Complete And Total Destruction

In Baghdad, a suicide bomber killed 15 people and wounded 33 more after he shot dead a guard, the imam, and a worshipper. Two police officers were wounded in a shootout between Interior Ministry police and an armed group in Karrada; the important kidnapping victim they were there to liberate escaped during the firefight. Thirteen militants were killed to the west of the city. A civilian was shot and killed in Bayaa…….

On The Life and Times of Murray Rothbard

Our topic is the life and times of the late Dr. Murray Rothbard. David Gordon was both his friend and associate and if you are a Rothbard fan, you’ll really enjoy this week’s show. We discuss Rothbard’s life from an insider’s perspective, touching on his experience founding the Cato Institute, his relationship with Mises and the areas where they disagreed…….

Even The IMF Gets It—–ZIRP Encourages Speculation, Not Investment

But now, the global financing giant appears to be having a “repent thy sinner” moment. The IMF warns that the ultra-low interest policies of central banks is setting the stage for a new bust. According to the Guardian, the IMF says that “more than half a decade in which official borrowing costs have been close to zero had encouraged speculation rather than the hoped-for pick up in investment.”