Pope Francis and his mentor As if there needs to be further evidence that the current occupant of St. Peter's Chair in Rome is a Marxist, the announcement of an upcoming conference at Assisi entitled the "Economy of Francesco" should convince any skeptic otherwise. In his invitation letter to "young economists and entrepreneurs worldwide," Bergoglio … Continue reading Pope Francis Calls Marxist Economic Summit
The efficacy of a metallic monetary system is beyond dispute at least among real economists which eliminates just about 95% of whom are now engaged in the “profession.” Money, which gold is, allows for specialization, the division of labor, and provides the means for mankind to escape from barter and, thus, a primitive existence. Like … Continue reading The Ethics of a Gold Standard
With the recent ominous inversion of the 2-10 year yield curve and its near infallible predictive recessionary power, the consequences for the economy are plain to see, however, what has not been spoken of by pundits will be the effect of a recession on US foreign policy. If a recession comes about prior to November … Continue reading The Geopolitical Consequences of a Coming Recession
Review: Christophe Buffin de Chosal, The End of Democracy, Translated by Ryan P. Plummer. Printed in the U.S.A.: Tumblar House, 2017. Introduction One cannot speak too highly of Christophe Buffin de Chosal’s The End of Democracy. In a fast paced, readable, yet scholarly fashion, Professor Buffin de Chosal* demolishes the ideological justification in which modern … Continue reading Demonocracy: The Great Human Scourge!
vs. The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and ratified in its wake throughout the world have done little to protect individual liberties or … Continue reading The Gold Standard: Protector of Individual Liberty and Economic Prosperity
Fed Chair Jerome Powell apparently doesn't see the pernicious effects of inflation At one time, the Federal Reserve’s sole mandate was to maintain stable prices and to “fight inflation.” To the Fed, the financial press, and most everyone else “inflation” means rising prices instead of its original and true definition as an increase in … Continue reading The Fed’s “Inflation Target” is Impoverishing American Workers
A couple of recent articles have once more made the case, at least implicitly, for political decentralization as the only viable path which will begin to solve the seemingly insurmountable political, economic, and social crises which the Western world now faces. In the last few months, over 3,000 millionaires have fled the hopelessly corrupt and … Continue reading Is Political Decentralization the Only Hope for Western Civilization?
The Bomber-in-Chief announces air attacks on Syria Despite the vehement pleas and letter-writing campaigns by a significant portion of his political base including notable media personalities such as Tucker Carlson against military action in Syria, President Trump committed what looks like political suicide by ordering air strikes on Friday evening. The bombing, thankfully, appeared to … Continue reading Only Economic Collapse Will Bring Down the American Empire
Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China. The President’s trip to the Far East came on the heels of the completion of China’s … Continue reading What President Trump and the West Can Learn from China
It is altogether fitting that crypto currencies, in particular Bitcoin, have witnessed a meteoric rise in this illusionary age. Not only has their monetary value gone to dizzying heights, but they are now being touted as the destroyer of the current, crumbling monetary order and the next paradigm upon which a new money and banking … Continue reading Bitcoin in an Illusionary Age
Antonius Aquinas 