Warning! Silicon Valley Bank Collapse – A Prelude of Much Worse to Come? Derivatives: “Financial Weapons of Mass Destruction”

Warning! Silicon Valley Bank Collapse – A Prelude of Much Worse to Come? Derivatives: “Financial Weapons of Mass Destruction”

“Every cause has its effect; every effect has its cause; everything happens according to law; chance is but a name for law not recognized; there are many planes of causation, but nothing escapes the law.” —Kybalion It is no coincidence that within 48 hours, two California commercial banks failed. The not much talked-about Silvergate Capital, a…

The Sordid History of Scam Science Panics

The Sordid History of Scam Science Panics

I went with scam science in the title partly because of the alliteration but mostly because Steve Milloy already claimed junk science. His Junk Science Judo (and website), Julian Simon’s Hoodwinking the Nation, Matt Ridley’s The Rational Optimist, and Thomas Sowell’s Intellectuals and Society are must reads if you are struggling, as I continue to do, with the world’s wacky reaction…

Killing Democracy in America

Killing Democracy in America

The phrase “thinking about the unthinkable” has always been associated with the unthinkable cataclysm of a nuclear war, and rightly so. Lately, though, I’ve been pondering another kind of unthinkable scenario, nearly as nightmarish (at least for a democracy) as a thermonuclear Armageddon, but one that’s been rolling out in far slower motion: that America’s…

The Maxwell Family Business: Espionage

The Maxwell Family Business: Espionage

Many were surprised to learn earlier this month that the key co-conspirator in Jeffrey Epstein’s intelligence-linked sexual blackmail operation, Ghislaine Maxwell, had been in hiding in New England since Epstein’s arrest and subsequent “suicide” last summer. Her recent arrest, of course, has returned attention to the Epstein scandal and to Ghislaine’s ties to the entire…