Author Archives: Antonius Aquinas

     

 

 

Trump vs. the Deep State

If there had been any doubt that the land of the free and home of the brave is now a totalitarian society, the revelations that its Chief Executive Officer has been spied upon while campaigning for that office and during his brief tenure as president should now be allayed.

 

Image adapted from the cover of “Deep State #5” – depicting an assassin from the future

 

Read the rest of this entry »

     

 

 

Goodbye, Socialist Paradise

Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs.  The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous tax rates, the oppressive regulatory burden, and the genuine kookiness which pervades among its ruling elites.*

 

There has been a remarkable reversal of flow of people and businesses – but California’s ruling elite seemingly remains utterly clueless as to why this is happening and/or doesn’t seem to care. When people and businesses flee from such a well-developed region with such a favorable climate, one should realize that something is probably very wrong. Here is a link to a comprehensive study of the flight of businesses and a million middle class people (net) since 2008 (PDF).

 

Read the rest of this entry »

     

 

 

No Country Can be Made Great by Devaluation

John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.”  Times have certainly changed and it now appears that the dollar has become an American problem.

 

Richard Nixon and his treasury secretary John Connally. The latter is today mainly remembered for his remark on the dollar, which presumably gave European finance ministers a few nightmares at the time. Nixon defaulted on the gold exchange standard in 1971, which effectively ended the Bretton Woods agreement and led to the whole world adopting a fiat money standard. Nixon’s announcement of the default stands to this day as a textbook example of government lies and hypocrisy, garnished with a more than generous helping of economic illiteracy. It seems unlikely that he realized that his actions on that day would give birth to the greatest credit bubble in history, but they did.

Photo via twitter.com

 

Read the rest of this entry »

     

 

 

Neo-Marxist Pope Francis Argues for Global Central Bank

As the new year dawns, it seems the current occupant of St. Peter’s Chair will take on a new function which is outside the purview of the office that the Divine Founder of his institution had clearly mandated.

 

Neo-Papist transmogrification. We highly recommend the economic thought of one of Francis’ storied predecessors, John Paul II, which we have written about on previous occasions. In “A Tale of Two Popes” and “Papal Eco-Hysteria”, we have contrasted Francis and John Paul II and quoted from the latter’s seminal encyclical “Centesimus Annus”, which probably contains the most clear-headed thinking on human liberty and economics that has ever emerged from the Vatican. Francis strikes us as a throwback to a completely discredited and dangerous ideology by comparison. Lately he is even calling for the establishment of a global central bank!

 

Read the rest of this entry »

     

 

 

A Brutal Communist Dictator Shuffles Off This Mortal Coil

The death of the brutal Cuban Communist dictator Fidel Castro closes the door, in some respect, on another disastrous page in US foreign policy history.  For all the denunciations and criticism of Castro from conservative elements and exiled Cubans, his despotic rule was the outcome of decades of American imperialism which began with President William McKinley’s infamous decision to wage war on hapless Spain in 1898.

 

1047110-best-hd-walls-of-fidel-castroFidel Castro, the long-time Marxist dictator of Cuba. Not surprisingly, he was another finger-wagger. When he graced the cover of TIME magazine in 1965, he was shown wagging his finger as well, a tradition he kept up until shortly before his demise (similar to many other communist rulers, he loved to give nigh interminable speeches, a special form of torture for those forced to sit through them and applaud at the appropriate moments). Castro replaced the Batista regime, also an oppressive and corrupt regime, but of the military junta type – which the US supported. Communists like Castro came to be widely seen as the vanguard in the fight against imperialism, especially among Western youth in the 1960s. Young people at the time were correct in opposing imperialism, but they were extremely naïve and misguided in their support of Marxism. They failed to realize that they were nothing but useful idiots for people like Castro and his fellow Marxists. Wherever Marxist revolutions succeeded, the result was that one oppressive and murderous regime was replaced with another.

Photo via serze.com

 

Read the rest of this entry »

     

 

 

A Monumental Work

In November of 1876, one hundred and forty years ago, Johannes Brahms’ monumental First Symphony was first heard, performed in Karlsruhe, Germany. The much anticipated work – which took Brahms over 20 years to complete – has become part of the canon of Western music. Ironically, the premiere of The Ring by Brahms’ supposed rival and fellow musical genius, Richard Wagner, was performed for the first time in the same year.

 

Brahms’ Symphony No. 1, in a 1981 performance by the Vienna Philharmonics Orchestra conducted by Leonard Bernstein.

 

Read the rest of this entry »

     

 

 

A Case of Bad Timing

As if there are not enough sufficient reasons for right thinking individuals to want a Donald Trump Presidency, one of the biggest is that it would be a direct and quite necessary rebuke and humiliation of the purported head of the Catholic Church, Pope Francis.

 

wall-francis-trumpStone-thrower in the glass house: Pope Francis

 

Read the rest of this entry »

     

 

 

Weapons of Mass Deception – the Pravda Complex

The US Presidential campaign has demonstrated once again that the mainstream mass media is still the dominant force and arbitrator of political events and if it is successful in pushing the Wicked Witch of Chappaqua past the finish line this November, it may have achieved its greatest triumph.

 

weaponsofmassdeceptionA note by PT: We have decided to introduce a new term for the mainstream media in light of the astonishing “Gleichschaltung” of the Western press in recent years. The recent propaganda effort on behalf of Hillary Clinton against Donald Trump is the sad culmination of a trend that has been in train for many years. It is so blatant and brazen, that we will henceforth refer to the MSM as the “Pravda Complex”. Pravda is the Russian word for truth, and was the name of the former Soviet Union’s largest newspaper. Early in his career, Stalin was incidentally the Pravda’s editor. Most people in the Soviet Union were well aware that they were lied to, especially in the final two decades when the communist system entered its accelerated decay phase. Articles in newspapers such as the Pravda were widely ridiculed in private. The propaganda was rather obvious, simply because reality offered such a stark contrast to the glowing descriptions of the party’s achievements. In that sense, today’s Western Pravda Complex is more insidious and dangerous, as many people have not yet fully realized what a thicket of lies and omissions they represent.

 

Read the rest of this entry »

     

 

 

Disqualified

There has been no greater advocate of mass Muslim migration into Europe than the purported head of the Catholic Church, Pope Francis.  At a recent conference, he urged that “asylum seekers” be accepted, “through the acts of mercy that promote their integration into the European context and beyond.”*

 

nopepope-francisBefore we let Antonius continue with his refreshingly politically incorrect disquisition, we want to remind readers of two previous articles that have appeared here on the topic of the current pope, one that contrasted Pope John Paul II’s deep understanding of economics and economic freedom with the muddled socialism of Pope Francis (see A Tale of Two Popes for the details) and our critique of Francis’ green-red encyclical Laudatio Si – Sulla Cura Della Casa Commune (see Papal Eco-Hysteria for the details on that one). Frankly, we have no idea what possessed the College of Cardinals when it picked him. Since when does the Church feel a need to pander to the left?

 

Read the rest of this entry »

     

 

 

Wicked and Terrible

After touting her pro-labor union record, the Wicked Witch of Chappaqua rhetorically asked, “why am I not 50 points ahead?”  Her chief rival bluntly responded: “because you’re terrible.”*  No truer words have been uttered by any of the candidates about one of their opponents since the start of this extraordinary presidential campaign!

 

trump-mapElectoral map (note that the coloration may no longer be applicable…)

 

Read the rest of this entry »

     

 

 

The Crazies

Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as “Maestro” for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:

 

“We’re not in a stable equilibrium.  I hope we can all find a way out because this too great a country to be undermined, by how should I say it, crazies.”*

 

trumpocrazeHelp! The crazies are coming! And the Russians too, now that we think about it. Best hide under your desks!

 

Read the rest of this entry »

     

 

 

War: A Warning from the Past

Although history does not exactly repeat itself, it does provide parallels and sometimes quite ominous ones.  Such is the case with the current U.S. Presidential election and the one which occurred one hundred years earlier.

 

trump-vs-clintonThe Donald probably has the better slogan…

 

Read the rest of this entry »

Most read in the last 20 days:

  • Speculative Blow-Offs in Stock Markets – Part 1
      Defying Expectations Why is the stock market seemingly so utterly oblivious to the potential dangers and in some respects quite obvious fundamental problems the global economy faces? Why in particular does this happen at a time when valuations are already extremely stretched? Questions along these lines are raised increasingly often by our correspondents lately. One could be smug about it and say “it's all technical”, but there is more to it than that. It may not be rocket science, but...
  • Speculative Blow-Offs in Stock Markets – Part 2
      Blow-Off Pattern Recognition As noted in Part 1, historically, blow-patterns in stock markets share many characteristics.  One of them is a shifting monetary backdrop, which becomes more hostile just as prices begin to rise at an accelerated pace, the other is the psychological backdrop to the move, which entails growing pressure on the remaining skeptics and helps investors to rationalize their exposure to overvalued markets. In addition to this, the chart patterns of  stock indexes...
  • India: Still the Fastest Growing Large Economy?
      India’s Currency Ban - Part X It has now been four months since Narendra Modi declared about 86% of monetary value of currency illegal. Linked here is the last in my series of updates, which was written soon after the deadline to deposit the demonetized currency. Most of the banned currency was eventually deposited, making a mockery of Modi, who had claimed that unaccounted money would not reach the banks.  Perhaps 3% of the cash never reached the banks.   A cunning plan...
  • Gold Sector: Positioning and Sentiment
      A Case of Botched Timing, But... When last we wrote about the gold sector in mid February, we discussed historical patterns in the HUI following breaches of its 200-day moving average from below. Given that we expected such a breach to occur relatively soon, the post turned out to be rather ill-timed. Luckily we always advise readers that we are not exactly Nostradamus (occasionally our timing is a bit better). Below is a chart of the HUI Index depicting the action since the January...
  • They're Worried You Might Buy Bitcoin or Gold - Precious Metals Supply and Demand
      Bitcoin Mania The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of Bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that Bitcoin went up — it’s a speculative asset that goes up and down with no particular limit).   Bitcoins are a lot less tangible than this picture implies, but they are getting a lot of love recently...
  • Welcome to Totalitarian America, President Trump!
      Trump vs. the Deep State If there had been any doubt that the land of the free and home of the brave is now a totalitarian society, the revelations that its Chief Executive Officer has been spied upon while campaigning for that office and during his brief tenure as president should now be allayed.   Image adapted from the cover of “Deep State #5” - depicting an assassin from the future   President Trump joins the very crowded list of opponents of the American...
  • Boosting Stock Market Returns With A Simple Trick
      Systematic Trading Based on Statistics Trading methods based on statistics represent an unusual approach for many investors. Evaluation of a security's fundamental merits is not of concern, even though it can of course be done additionally. Rather, the only important criterion consists of typical price patterns determined by statistical examination of past trends.   Fundamental considerations such as the valuation of stocks are not really relevant to the statistics-based trading...
  • The Long Run Economics of Debt Based Stimulus
      Onward vs. Upward Something both unwanted and unexpected has tormented western economies in the 21st century.  Gross domestic product (GDP) has moderated onward while government debt has spiked upward.  Orthodox economists continue to be flummoxed by what has transpired.   What happened to the miracle? The Keynesian wet dream of an unfettered fiat debt money system has been realized, and debt has been duly expanded at every opportunity.  Although the fat lady has so far only...
  • Why the 21st Century Sucks - Turtles All the Way Down
      A Truly Sucky Century BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U.S. of working age without jobs. Productivity growth is down. GDP growth is down – to only about 0.5% per capita last year. Even life expectancies are down. Drug overdoses are up. Suicides are up. One out of every eight children lives in a family getting food stamps. One of out every eight adults takes psychoactive drugs...
  • Searching for Truth
      Heresy or Truth? RANCHO SANTANA, NICARAGUA – In the fifth century, Christian scholars counted 88 different heresies. Arianism. Eutychianism. Nestorianism. If there was a way to “offend” God, they had a name for it. One group of “heretics” argued that there was no such thing as “original sin.” Another denied the trinity. And another claimed Jesus was not divine. Which one had the truth?   Depiction of the first Council of Ephesus in 431 AD, convened by Emperor...
  • Gold and the Fed's Looming Rate Hike in March
      Long Term Technical Backdrop Constructive After a challenging Q4 in 2016 in the context of rising bond yields and a stronger US dollar, gold seems to be getting its shine back in Q1. The technical picture is beginning to look a little more constructive and the “reflation trade”, spurred on further by expectations of higher infrastructure spending and tax cuts in the US, has thus far also benefited gold. From a technical perspective, there are indications that the low at $1045.40,...
  • Off the Beaten Path in Mesoamerica
      Greeted by Rooster There’s an endearing quality to a steadfast rooster call at the crack of dawn when overheard from a warm country farmhouse.  There’s a reassuring charm that comes with the committed gallinaceous greeting of daybreak that’s particularly suited to a rural ambiance.  The allure of a morning cock-a-doodle-doo somehow falls flat in all other settings.   Good morning everyone! Before meteorological forecasts were available on TV and smart phones, people...

Austrian Theory and Investment

Support Acting Man

Own physical gold and silver outside a bank

Archive

j9TJzzN

350x200

Realtime Charts

 

Gold in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Gold in EUR:

[Most Recent Quotes from www.kitco.com]

 


 

Silver in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Platinum in USD:

[Most Recent Quotes from www.kitco.com]

 


 

USD - Index:

[Most Recent USD from www.kitco.com]

 

THE GOLD CARTEL: Government Intervention on Gold, the Mega Bubble in Paper and What This Means for Your Future

 
Buy Silver Now!
 
Buy Gold Now!
 

Oilprice.com