The Bank for International Settlements Warns That a Major Debt Meltdown in China is Imminent

The Bank for International Settlements Warns That a Major Debt Meltdown in China is Imminent

The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a…

Modern Education is Pavlovian Conditioning

Modern Education is Pavlovian Conditioning

Assessing the problems in American public education and academia elicits standard responses that are generally trite and multitude. “Lack of funding,”, or “adequately trained teachers,” often round out the usual replies, yet system-generated solutions to the perceived problems are always external in nature (especially given the problems are themselves system-generated). The diagnosis of the causes…

Colin Powell Admits Existence of Israeli Nukes, But State Dept Stays Silent

Colin Powell Admits Existence of Israeli Nukes, But State Dept Stays Silent

Israel has 200 nuclear weapons “all targeted on Tehran,” so Iran would not dare use a bomb even if it could make one, former Secretary of State Colin Powell said in a 2015 email, which has surfaced this week as part of a hacking scandal. Unknown hackers have compromised Powell’s Gmail account, and the whistleblower…

The Intellectual Yet Idiot

The Intellectual Yet Idiot

What we have been seeing worldwide, from India to the UK to the US, is the rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic semi-intellectual experts with some Ivy league, Oxford-Cambridge, or similar label-driven education who are telling the rest of us 1) what to do, 2) what…