Human Condition

     

 

 

Crazed Decision

The Los Angeles City Council’s recent, crazed decision* to replace Christopher Columbus Day with one celebrating “indigenous peoples” can be traced to the falsification of history and denigration of European man which began in earnest in the 1960s throughout the educational establishment (from grade school through the universities), book publishing, and the print and electronic media.

 

Christopher Columbus at the Court of the Catholic Monarchs (a painting by Juan Cordero).  Columbus was born in the Republic of Genoa in Italy, but made his exploration voyages (four in all) under the auspices of the Spanish crown. In 1492, just after Ferdinand and Isabella of Spain had reconquered the last Muslim outpost in Spain, they finally agreed to make a deal with Columbus and funded his voyages (the crown later partly reneged on the deal, particularly with respect to the degree of political power Columbus and his appointees were allowed to wield in the new territories –  descendants of Columbus were involved in litigation over the matter until 1790). Interestingly, no contemporary portrait of Columbus exists – we have actually no idea what he really looked like. All statues and paintings of the man were made posthumously. A previous attempt to rename Columbus Day ”Indigenous People Day” in Utah was voted down by the Utah Senate in 2016. [PT]

 

Read the rest of this entry »

     

 

 

“Russiagate”

WEST RIVER, MARYLAND – We’re back at our post – watching… reading… trying to connect the dots. And we begin by asking: What do “think tanks” think about? The answer in a minute.

First, there is a dust-up in the Washington, D.C., area. “Russiagate,” it is called. As near as we can make out, some people think the Trump team had or has illegal or inappropriate contacts with the Russian government.

 

It’s all very obvious, if one looks closely…  Putin has inundated the brains of US voters with his evil Putin rays from his redoubt in Moscow, causing them to make the wrong choice.

 

Read the rest of this entry »

     

 

 

Papal Delusions

The purported pope of the Catholic Church recently attacked “libertarianism.”  As a number of theologians have ably shown, Jorge Bergoglio, a.k.a Pope Francis, cannot be a legitimate pope, since he was neither ordained as a priest or consecrated as a bishop in the traditional Catholic rite of Holy Orders.  And since he is not a bishop, he cannot be “Bishop of Rome” – a prerequisite for being the head of the universal Church.

 

The collectivist pope Francis – what a contrast to the revered John Paul II, who not only tirelessly argued in support of individual liberty, but had a firm grasp of economic issues as well (we have contrasted their economic views in “A Tale of Two Popes”). John Paul II realized that the Church had to stand up in defense of the free market economy if it really wanted to help the poor – and when he spoke of these things, one had the distinct impression that he really knew what he was talking about (by contrast, Francis often pontificates on things he knows nothing about, see e.g. his infamous “climate change” encyclical). As an aside: during the Nazi occupation of Poland, the then 22 year old Karol Wojtyla, who would one day become Pope John Paul II, worked as an actor in a clandestine, subversive theater. He evidently held on to this subsersive streak as he grew older – those standing up for liberty have always been the “subversives”, as they must by the very nature of their calling be opposed to the State. [PT]

 

Read the rest of this entry »

     

 

 

Seeming Contradiction

CACHI, ARGENTINA – Here at the Diary we have fun ridiculing the pretensions, absurdities, and hypocrisies of the ruling classes. But there is a serious side to it, too. Mockery makes us laugh. And laughing helps us wiggle free from the kudzu of fake news.

 

Is it real? Is it real? Is it real? Above you can see what the problem with reality is, or potentially is, in a 6-phase research undertaking that has landed its protagonist in a very disagreeable situation (a corner of reality best avoided, so to speak). 1. he learns that something is amiss. 2. he has to measure reality, otherwise it doesn’t exist! He does so, and 3. strange people show up at his doorstep, giving him ominous messages. 4. At least reality is now real! Then he  learns about a philosopher, who asserts that while it may be real now, in a sense, it is nevertheless a computer simulation. Oh well, what does he know? Unfortunately, a bunch of serious-sounding German physicists calculate that he actually appears to be right. 5. By now our protagonist will believe anything, so when he hears about Dr. Schreber’s efforts to keep the universe from dissolving/imploding by thinking about it all the time, he is no longer even surprised. 6. He enters the Tearoom of Despair –  a “world of horror, futility and endless buttered scones” – click to enlarge.

 

Read the rest of this entry »

     

 

 

A Disastrous Decision

It is altogether fitting that the US attack on a Syrian airport, the dropping of a MOAB on defenseless Afghanistan, and the potential outbreak of nuclear war with North Korea have all come in the very month in which an American president led the nation on its road to empire one hundred years earlier.

 

Donald Trump and Woodrow Wilson, who waged “The War to End All Wars” – which turned out to be such a glaring misnomer that it will stand forever as an example of the deceitfulness of war propaganda. Donald Trump wants to save incubator babies or something…

 

Read the rest of this entry »

     

 

 

Ticks on a Dog

A brief comment on Fed chief Janet Yellen’s revealing speech at the University of Michigan. Bloomberg:

 

“Before, we had to press down on the gas pedal trying to give the economy all of the oomph that we possibly could,” Yellen said Monday in Ann Arbor, Michigan. The Fed is now trying to “give it some gas, but not so much that we’re pushing down hard on the accelerator.” […]

“The appropriate stance of policy now is closer to, let me call it neutral,” Yellen said in response to questions during an event at the Gerald R. Ford School of Public Policy at the University of Michigan. Yellen said she expected the economy to continue to grow at a moderate pace and that gradual interest rate increases “can get us where we need to be.”

 

Central planners groping in the dark…

 

Read the rest of this entry »

     

 

 

Dashed Hopes

Despite widespread optimism among libertarians, classical liberals, non-interventionists, progressive peaceniks and everybody else opposed to the US Empire that some of its murderous reins may finally be pulled in with the election of Donald Trump, it appears that these hopes have now been dashed.

 

Liberty… some of it is still above water, but definitely not as much as there could or should be.*

 

Read the rest of this entry »

     

 

 

Darkening Picture

SÃO PAULO – We arrived on Sunday morning. São Paulo can have terrible traffic. It is a sprawling place of 12 million people. But it was early when we pulled into town; the traffic moved swiftly. We decided to go to mass at the old São Paulo (Saint Paul’s) Cathedral downtown.

 

São Paulo, similar to Mexico City, reminds on a bit of the universe, or at least of one of the universe’s main characteristics: it has seemingly no boundary.

Photo credit: Journeying Jeff

 

Read the rest of this entry »

     

 

 

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

 

Read the rest of this entry »

     

 

 

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)…

 

Read the rest of this entry »

     

 

 

Barbarous Huns

 

Life is one long struggle in the dark.

– Lucretius

 

BALTIMORE – In January of this year, the Empire Herald reported that a “meth-addled couple” had eaten a homeless man in New York City’s Central Park. Later, Now8News reported that a can of cookie dough had “exploded in a woman’s vagina”; the woman was alleged to be shoplifting.

 

The fellows depicted above certainly mesh perfectly with the image of meth-addled cannibals conjured by our imagination… A few interesting questions regarding this event remain unanswered to this day. Did they marinate their meal? Fill it with stuffing? What were their wine and salad choices? Was their dinner roasted on a spit, cooked in a jungle wok the traditional way, or were these pale gourmets connoisseurs of wino tartare?

 

Read the rest of this entry »

     

 

 

Surface Temperatures Plunge – the Great Pause Continues

Last year’s El Nino phenomenon temporarily provided succor to climate alarmists, who were increasingly bothered by the “Great Pause” – the fact that the tiny amount of warming experienced since the last cooling cycle ended in the late 1970s had apparently stopped. Despite trace amounts of CO2 in the atmosphere continuing to climb, mother nature decided to disobey alarmist models and temperatures went sideways for about 20 years (or even longer, depending on the data set).

 

Too bad penguins actually don’t live at the North Pole! One probably should refrain from obtaining climate information from rabidly leftist blogs. Incidentally, the same very same ice-floe has carried lost polar bears in the past, in particular the species “ursus bogus”. If one looks around a bit, there’s also a version with three penguins…

 

Read the rest of this entry »

Most read in the last 20 days:

  • Is the Canary in the Gold Mine Coming to Life Again?
      A Chirp from the Deep Level Mines Back in late 2015 and early 2016, we wrote about a leading indicator for gold stocks, namely the sub-sector of marginal - and hence highly leveraged to the gold price - South African gold stocks. Our example du jour at the time was Harmony Gold (HMY) (see “Marginal Producer Takes Off” and “The Canary in the Gold Mine” for the details).   Mining engineer equipped with bio-sensor Photo credit: Hulton Archive   As we write these...
  • Oil Mania Redux
    Positive Energy By now, late September of 2018, it has become increasingly evident that something big is about to happen. What exactly that may be is anyone's guess.  But, whatever it is, we suggest you prepare for it now... before it is too late.   Art auction energizer: Norman Rockwell's portrait of John Wayne. You can't go wrong shelling out top dollar for me, pilgrim, can you? [PT]   Several weeks ago, if you haven't heard, an undisclosed rich guy enthusiastically...
  • Fed Credit and the US Money Supply – The Liquidity Drain Accelerates
      Federal Reserve Credit Contracts Further We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true broad US money supply TMS-2 (the details can be seen here: “The Liquidity Drain Becomes Serious” and “A Scramble for Capital”).   The Fed has clearly changed course under Jerome Powell...
  • The Gold Standard: Protector of Individual Liberty and Economic Prosperity
      A Piece of Paper Alone Cannot Secure Liberty The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and ratified in its wake throughout the world have done little to protect individual liberties or keep a check on State largesse.   Sound money vs. a piece of paper – which is the better guarantor of liberty?...
  • Fed President Kashkari Hears Voices – Are They Lying?
      Orchestrated Larceny The government continues its approach towards full meltdown. The stock market does too. But when it comes down to it, these are mere distractions from the bigger breakdown that is bearing down upon us.   Prosperity imbalance illustrated. The hoi-polloi may be getting restless. [PT]   Average working stiffs have little time or inclination to contemplate gibberish from the Fed. They are too worn out from running in place all day to make much...
  • Switzerland, Model of Freedom & Wealth Moving East – Interviews with Claudio Grass
      Sarah Westall Interviews Claudio Grass Last month our friend Claudio Grass, roving Mises Institute Ambassador and a Switzerland-based investment advisor specializing in precious metals, was interviewed by Sarah Westall for her Business Game Changers channel.   Sarah Westall and Claudio Grass   There are two interviews, both of which are probably of interest to our readers. The first one focuses on Switzerland with its unique, well-developed system of  direct...
  • US Stocks and Bonds Get Clocked in Tandem
      A Surprise Rout in the Bond Market At the time of writing, the stock market is recovering from a fairly steep (by recent standards) intraday sell-off. We have no idea where it will close, but we would argue that even a recovery into the close won't alter the status of today's action – it is a typical warning shot. Here is what makes the sell-off unique:   30 year bond and 10-year note yields have broken out from a lengthy consolidation pattern. This has actually surprised us, as...
  • Decapitation Strike -  Elon Musk in the Crosshairs of the Bureaucracy
      The Most Expensive Tweet of All Time He finally done did it this time – this is to say, he did himself in. It was already widely known that Elon Musk sent out one tweet too many in early August. But it seems now that what he posted on that fateful day may well end up as the most expensive sequence of nine words ever blasted over the intertubes. For those who haven't followed the story, this is the tweet in question:   Elon Musk's fateful tweet – here is a link to the thread...
  • Are Credit Spreads Still a Leading Indicator for the Stock Market?
      A Well-Established Tradition Seemingly out of the blue, equities suffered a few bad hair days recently. As regular readers know, we have long argued that one should expect corrections in the form of mini-crashes to strike with very little advance warning, due to issues related to market structure and the unique post “QE” environment. Credit spreads are traditionally a fairly reliable early warning indicator for stocks and the economy (and incidentally for gold as well). Here is a...
  • Choking On the Salt of Debt
      Life After ZIRP Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death.  At the time, the monetary order was approach peak ZIRP.   Our boy ZIRP has passed away. Mr. 2.2% effective has taken his place in the meantime. [PT]   We found the absurdity of zero bound interest rates to have parallels to the absurdity of hundreds upon hundreds of miles of...
  • How Dangerous is the Month of October?
      A Month with a Bad Reputation A certain degree of nervousness tends to suffuse global financial markets when the month of October approaches. The memories of sharp slumps that happened in this month in the past – often wiping out the profits of an entire year in a single day – are apt to induce fear. However, if one disregards outliers such as 1987 or 2008, October generally delivers an acceptable performance.   The road to October... not much happens at first - until it...
  • Yield Curve Compression - Precious Metals Supply and Demand
      Hammering the Spread The price of gold fell nine bucks last week. However, the price of silver shot up 33 cents. Our central planners of credit (i.e., the Fed) raised short-term interest rates, and threatened to do it again in December. Meanwhile, the stock market continues to act as if investors do not understand the concepts of marginal debtor, zombie corporation, and net present value.   The Federal Reserve – carefully inching forward to Bustville   People...

Support Acting Man

Item Guides

Austrian Theory and Investment

j9TJzzN

The Review Insider

Archive

Dog Blow

350x200

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

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]

 

Mish Talk

 
Buy Silver Now!
 
Buy Gold Now!
 

Oilprice.com