Commodity price, Commodity risk, Economics, Energy crisis, Hedging, Market research, Market trends, Oil market, Policy, Social development

The coming oil price shock: troubling news from Saudi Arabia

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Central banking, Economics, Eurasia, History, Policy, Politics, Social development

Deflationary gap and the West’s war addiction

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

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Policy, Politics, Psychology, Real life, Social development, Truth

Freedom of speech should be sacred

“There is no god higher than truth.” – Mohandas Gandhi

Update: just hours after I posted this article, Amazon.com sadly de-listed my book, “The Killing of William Browder.” (I assure you, there was no trace of hate speech in my book)

Across the Western world, government bureaucracies and large media corporations like Amazon, Google, Twitter and Facebook have been increasingly proactive in suppressing “hate speech,” always with bestest of intentions. However, these efforts are unnecessary and will likely prove counterproductive.

Warning about the danger of disastrous rise of misplaced power” in our societies, Dwight Eisenhower said in his January 1961 farewell address that, Only an alert and knowledgeable citizenry” can curb the power of the state, “so that security and liberty may prosper together.” Freedom of expression is the essential means of keeping the citizenry alert and knowledgeable. As such it should not be suppressed under any pretext, but encouraged and cultivated. Continue reading

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Psychology, Real life, Social development, Something completely different, Truth

Regarding the virtue of “hard work”

In the Western world, the idea of “working hard” is usually treated as a virtue in its own right. Any time I thought to question this “virtue” I’d invariably find myself on the defensive, as though my questioning of hard work was an affirmation of its opposite, laziness.

Whatever worthy objectives you want to achieve in life, the chances are, you have to work hard to attain them. Many objectives justify such hard work, like wanting to set the world record in some athletic discipline or to become a virtuoso musician or dancer. The same could be said about wanting to write a book, circumnavigate the globe, or any number of such feats. But people inclined to such endeavors do not need to be taught the value of hard work, so its cultural affirmation as a virtue would be superfluous and silly. Continue reading

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Economics, Eurasia, Media, Policy, Politics, Social development, Truth

Vladimir Putin’s 17 years in power: the scorecard

The following article summarizes many of the changes in Russia over 17 years  under Vladimir Putin’s rule. All of the information presented is based on empirical data, most of it from western sources like the World Bank, Ernst&Young, Vtsiom, Ipsos and Gallup. Virtually none of this information was presented in any western corporate press with the notable exception of Forbes magazine (which took the information down after a few weeks). In addition to the below, I’ve subsequently published an article in three parts titled, “Is Vladimir Putin evil?

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Central banking, Economics, Inflation, Monetary reform, Social development, Uncategorized

Inflation: lessons from the last empire’s collapse

So far, the dreams of 1,000-year empires and stable world domination have eluded the ruling elites throughout history and across the globe. Empires arise, sustain themselves for a century or two and then rapidly decay and collapse. The collapse may appear relatively fast and obvious in hindsight, but in reality it spans decades, may appear as a series of temporary crises and only become obvious very late into the slow-motion train wreck. Continue reading

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Policy, Politics, Social development

Surveillance state: it ain’t about your privacy

We should be very concerned about the surveillance state in the west – but our privacy is not the main reason why.

Wikileaks’ latest dump of CIA documents confirmed what many of us suspected all along, especially after the Edward Snowden revelations: that the NSA (and GCHQ…) use our computers, mobile devices, and even internet-connected TV sets to spy on us. Some people feel they have nothing to hide, so they aren’t bothered about it. Others feel outraged on the grounds that it violates our civil liberties and our right to privacy. But there’s a much more important reason to be concerned about mass surveillance, and it isn’t about the privacy of the vast majority of us. Continue reading

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