Toward the end of 2012, Elliott Management’s Paul Singer made a speech at the Archstone Partnership annual meeting. He stated that, “The thing that scares me the most is significant inflation, which could destroy our society.” About a year later in an interview with Wall Street Journal’s “Heard on the Street” program he explained that this could come about with small changes in perception of inflation risk: “The first whiffs of either commodity inflation or wage inflation … may cause a self-reinforcing set of market events … which may include a sharp fall in bond prices, … fall in stock prices, rapid increase in commodities…” Continue reading
Words can be very powerful – especially the words we tell ourselves. I recently made a startling discovery about this.
One of the things I told myself through life was that I couldn’t draw. I can doodle – make geometric shapes on paper, circles, squares, etc… But I couldn’t draw – this I knew about myself.
One day however, I was unable to tell myself this.
That day my son asked me to draw him something. Hmm… I’m his dad. I can’t tell him that his dad can’t draw. I’m supposed to be the strongest, smartest, most capable man in the world. Tellinig him that I couldn’t draw was out of the question. Continue reading
In 1893 Mahatma Gandhi went to South Africa, expecting to stay there for just a few months. He ended up staying 21 years as he took up the struggle to restore the dignity and rights to a subdued, disarmed, and enslaved Indian community.
During those years, his chief political opponent was General Ian Christian Smuts who, as the Colonial secretary and later the Secretary of the Interior was responsible for implementing some of the repressive laws against the Indians.
When Gandhi finally left South Africa in 1914, Smuts wrote, “The saint has left our shores, I hope forever.”
Years later, an exasperated Winston Churchill asked Smuts – who had meanwhile served two terms as South Africa’s prime minister – why he had not killed Gandhi while he had the chance. Smuts replied, “How could I do this to a man who made sandals for me with his own hands when I imprisoned him.”
In later years, remembering Gandhi Smuts wrote: “… I have worn these sandals for so many summers since then, even though I may feel that I am not worthy to stand in the shoes of so great a man.”
I posted this story a few years ago in my blog, “The Jubilee.” It was related by Niloufer Bhagwat in her article, “The Political Relevance and Global Impact of Mahatma Gandhi.“ I believe it bears relevant lessons to today’s social and political struggles.
Asset price inflation might signal debasement of the currency and acceleration of commodity price inflation
This time it may well be different… For several years now, numerous high-profile commentators and analysts have been forecasting an imminent stock market correction, or indeed a crash, evoking the events of 1929, 1987, 2000 or 2008. Of course, many are now predicting it is sure to happen in 2018. If not, perhaps in 2019 or maybe 2020? Who knows… But so far, not many analysts – if any, apart from yours truly – have considered the possibility that this rally might extend even higher from today’s dizzying heights. In an October 2016 post I suggested that this is exactly what was ahead. Continue reading
In June of 2014, a group of American researchers published an article in the American Journal of Public Health, pointing out that, “Since the end of World War II, there have been 248 armed conflicts in 153 locations around the world. The United States launched 201 overseas military operations between the end of World War II and 2001, and since then, others, including Afghanistan and Iraq.” To be sure, each of these wars was duly explained and justified to the American public and for all those Americans who believe that their government would never deceive them, each war was defensible and fought for a good reason. Nonetheless, the fact that one nation initiated more than 80% of all wars in the last seventy years does require an explanation, which I submit below: Continue reading
Today, (Friday the 13th of all days), President Trump announced that he is withholding certification of the Iran nuclear deal and announced that he would label Iran’s Islamic Revolutionary Guard a terrorist organization. Again, the U.S. gets confrontational with a rival power in an escalation that could provoke yet another devastating war in the Middle East. As always, this is all perfectly justified: Iran, you see, is a rogue regime, a threat, its military is a terror organization, the country has a general deficit of freedom and democracy, etc…
And let’s not imagine that this is all down to Donald Trump. On July 3, 2015, presidential aspirant Hillary Clinton addressed a an audience at a Dartmouth College campaign event. On the occasion she said, “I want the Iranians to know that if I’m president, we will attack Iran … we would be able to totally obliterate them.” The U.S. establishment has long had Iran in its crosshairs, waiting for a pretext and the opportunity. Continue reading
Update: the book is now available under the changed title, “Grand Deception: The Browder Hoax” in electronic format (Nook, pdf, Kindle). Paperback should reappear soon.
It is ironic that just today I posted an article about the paramount importance of free speech, which numerous government bureaucracies and large corporations in the West seek to suppress in their purported endeavor to police “hate speech.” And just today one of the great media behemoths, Amazon.com suppressed my book (as I expected they might). I assure you there’s not even a trace of hate or hate speech in my book. Continue reading