Commentary

The Problem With Trump’s New Tax Plan

Republican presidential candidate Donald Trump promised to reform the U.S. tax system. His proposals are nothing new – simplification… fewer brackets… eliminate loopholes for rich people.


The Great Lie That Is Bankrupting the Economy…

We’re talking about money. And the problem caused by the Fed’s phony-baloney credit-money. It has led to a worldwide debt bubble – $300 trillion worth.

And like all bubbles, it’s going to blow up. When it does, we predict, there will be Hell to pay.



America Has Become a “Parasitocracy”

The term Deep State is not original to us. It was first coined to describe anti-democratic elements within the military, the intelligence services, the judiciary, and the mafia that controlled the real levers of power in Kemalist Turkey.


Janet Yellen’s $200-Trillion Debt Problem

The U.S. stock market broke its losing streak yesterday. After five straight losing sessions, the Dow eked out a 92-point gain. The financial media didn’t know what to say about it. So, we ended up with the typical inanities, myths, and claptrap.


The Real Reason We Have a Welfare State

The Swiss voted against awarding all citizens a “universal basic income” of about $30,000 a year, regardless of whether they have work or not. But the idea is unlikely to go away. Two-thirds of British voters say they are in favor of the idea. And Canada’s Ontario province is set to try something similar. If you’ve been following these Diary entries, you know how and why we have a welfare state.