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Swamp Battle

 

Washington [is] a lot more broken than President Trump thought that it was.

— White House Budget Director Mick Mulvaney

 

SÃO PAULO, BRAZIL – On Friday, the much-hyped Trump/GOP Obamacare reform sank into the swamp.  If anything keeps us from national bankruptcy, it won’t be entitlement reform. Not under Donald J. Trump.

 

A collection of swamp victims who haven’t paid attention… didn’t they know that Dracula can’t be killed?

 

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Style Over Substance

“May you live in interesting times,” says the ancient Chinese curse.  No doubt about it, we live in interesting times.  Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world as at devolves towards vulgarity. Just this week, for instance, U.S. Representative Maxine Waters tweeted, “Get ready for impeachment.”

 

Well, Maxine Waters is obviously right – impeaching the president is an urgent task of the utmost importance. As everybody knows, he is best friends with Vladimir Putin, the shirtless barbarian who rules the Evil Russian Empire (they were seen drinking kompromat together in Moscow, a vile Russian liquor that reportedly tastes a bit like urine. Senator McCain has the details on that story). And as Maxine Waters has just disclosed, Putin’s armies are recently advancing into Korea! We cannot let this stand, or he’ll invade Kekistan next (note that he already controls Limpopo and Gabon). Who knows where it will end?

 

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India’s Rapid Degradation

This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were merely a vehicle for me to explore Indian institutions, culture and society.

 

The Modimobile is making the rounds amid a flower shower. [PT]

Photo credit: PTI Photo

 

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Preserving Liberty in a Difficult Time

 

In his latest interview for the X22 Report, Claudio Grass shares his views on the future of the Euro, the Trump Presidency, the monetary system and the advantage of of owning gold in these times of global uncertainty.

 

Claudio Grass, managing director at Global Gold

 

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Campfire Tale

 

Caesar: The Ides of March are come.

Soothsayer: Ay, Caesar, but not gone.

— Julius Caesar, Shakespeare

 

GRANADA, NICARAGUA – Today, we stop the horses and circle the wagons. For 19 years, we have been rolling along, exploring, discovering. We began with the assumption that we didn’t “know” anything – so we kept our eyes open. Now we know even less.

 

Famous people who knew nothing and were not shy to admit it: Sergeant Schultz (left), Socrates (right)…

 

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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 cleared her throat (if quite audibly, in 2008) and hasn’t really sung yet, it is already clear that calling this system careening toward a catastrophic failure.

 

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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 Theodosius II. It was the third ecumenical council (after the Council of Nicaea in AD 325 and the Council of Constantinople in AD 381). The patriarchs Cyril of Alexandria and Nestorius of Constantinople clashed over church doctrine at Ephesus. The synod ended with Nestorius and Caelestius and their supporters being condemned as heretics. The council precipitated the first major church schism (called the Nestorian schism), which led to churches in the Sassanid Empire separating from the rest of the church. The Roman Catholic Church and the Assyrian Church of the East finally laid their dispute to rest in a common Christological declaration issued in 1994 – a full 1563 years after the first Council of Ephesus.

Photo credit: Philippe Alès

 

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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

 

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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 had to rely on the wisdom of rugged outdoorsmen to get their weather-related updates. In this context we would like to let you in on this valuable old piece of Mexican country lore: When from the compose pile you hear the rooster declaim, the weather will change – or it will stay the same”. OK, we actually made that up, but you cannot deny its elevated wisdom coefficient [PT].

Illustration via wakeup-world.com

 

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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 .

 

Death from drug overdoses is back in fashion – big time.  Club of Rome Malthusians can only dream of such effective population control. The picture to the right illustrates the the adventurous lifestyle of many 21st century junkies. Contrary to many of their contemporaries, these young men are not weighed down by a great many possessions, and they do get a lot of fresh air. Before you decide on a career change to join these rugged outdoorsmen though, you should consider that they do have a bit of a life expectancy problem – click to enlarge.

 

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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 unravels

Cartoon by Sandeep Adhwaryu

 

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Promises of Slop

 

“We have assembled a best-in-class team of policy advisors to drive President Trump’s bold plan for job creation and economic growth.”

– Gary Cohn, Chief Economic Advisor to President Trump

 

The art and science of spending other people’s money is not an occupation suited to just anyone.  Rather, it’s a skill reserved for the professional world-improver.  To be successful, one must act with a zealous devotion to uplifting the down and out, no matter the cost.

 

Donald Trump’s chief economic advisor Gary Cohn – as some observers have noted, he represents one of the factions in the wider circle of economic advisors (there are many advisors who are not members of an official body such as the Council of Economic Advisors, but reportedly have the president’s ear). This is considered problematic, or rather confusing, on the grounds that in some cases the views of these advisors appear to be diametrically opposed. The question is whose views will eventually prevail.

Photo credit: Kena Betancur / AFP / APA

 

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