Archive For: June 2014

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California Housing And The Bubble At Hand

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Sarajevo Is The Fulcrum Of Modern History: The Great War And Its Terrible Aftermath

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Sarajevo Is The Fulcrum Of Modern History (Part 2): The Great War's Aftermath Of Keynesianism, Monetary Central Planning And The Permanent Warfare State

The Great Depression thus did not represent the failure of capitalism or some inherent suicidal tendency of the free market to plunge into cyclical depression—absent the constant ministrations of the state through monetary, fiscal, tax and regulatory interventions. Instead, the Great Depression was a unique historical occurrence—the delayed consequence of the monumental folly of the Great War, abetted by the financial deformations spawned by modern central banking......

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The Middle Eastern Pot Is Boiling: From Crucifixions In The Levant To The Mummified House Of Saud

Whoever really runs things these days for the semi-mummified royal administration down in Saudi Arabia must be leaving skid-marks in his small-clothes thinking about Abu Bakr al-Baghdadi and his ISIS army of psychopathic killers sweeping hither and thither through what …

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Printing Press "Prosperity": The Complete And Utter Failure Of Abenomics

Japanese people are mostly smart enough to realize that typing numbers into a computer can’t make an economy strong, yet they just haven’t figured out that Abe’s monetary stimulus is nothing but a sneaky counterfeiting scheme......

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On Wall Street's Rampant Euphoria: Even The BIS Sees Disconnects With The Real Economy Everywhere

"... it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally.... Despite the euphoria in financial markets, investment remains weak. Instead of adding to productive capacity, large firms prefer to buy back shares or engage in mergers and acquisitions.....

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Financial Bubbles And The Willful Blindness Of Central Banks

“Asset prices have reached stunning levels, obviously out of line with ‘fundamentals.’ The “most dangerous” are housing bubbles; when they burst, they “wreck whole economies.”

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Why the War Party Loves the Export-Import Bank

It doesn’t matter that the Bank is choosing winners and creating losers – these latter often American companies, like Delta Airlines. All that matters to neocons like Donnelly is: does a given program enable America to project its military power worldwide.....

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Sarajevo Is The Fulcrum Of Modern History: How The Great War Started

The immediate origins of the 1914 war lie in the twisted politics of the Kingdom of Serbia.....

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Correcting The NYT's False Narrative: Washington Triggered The Ukraine Crisis, Not Putin

It’s always interesting when the New York Times promotes a false narrative – as it has on Ukraine by blaming the crisis all on “Russian aggression” – and then has to shift its storyline when events move in a different direction, like President Vladimir Putin’s recent peacemaking initiatives.....

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