debt

Been busy.. so trying to get a few quick posts up. News items that caught my eye, mostlyBillionaire banking heir Matthew Mellon dies in rehab, aged 54

E William Engdahl  Interview- Mr Engdahls talks about the banksters and the oligarchs. Boris Yeltsin and more. There was new information, some of it startling, even to me. Of course I tried to embed it, but, no dice!

Jay Dyer returns to Our Interesting Times to discuss his recent debate and critique of Jordan Peterson and the classical liberal worldview. We also talk about oligarch-backed culture creation and revolution and Jay reflects on his 20 years of research. Jay is the host of Jay’s Analysis , the co-host of Hollywood Decoded, and the author of Esoteric Hollywood: Sex, Cults and Symbols in Film. *Please consider supporting this program by donating here.
 

US: Republican-In-Name-Only (RINOs) have sold out their constituents once again as they prepare to pass the enormously bloated $1.3 trillion, 2,232-page omnibus budget that they have not even read. It is loaded with hand-outs by big spenders - Republicans and Democrats alike. Politics as usual while the nation staggers under the increasing load. [...]

Compare the two charts above.

Stefan Molyneux explains how the US government's addiction to spending now can only be stopped through collapse followed by war. This is a brilliant overview of history and human nature as they relate to the economic collapse of unrestrained governments. There is no way to adequately summarize this presentation except to say that it is loaded with hard data and sound logic that leads to the conclusion that the world is headed inexorably into economic collapse and war. Molyneux's analysis may be wrong, but it should not be dismissed as impossible.

The American dollar will crash, and gold prices will surge to $10,000 per ounce. So says Byron King, the editor of Jim Rickards’ Gold Speculator.
The reasoning IS highly speculative, but there is logic to the claims that Byron makes:

One of the primary economic paradoxes that has always perked the curiosity of both bourgeois and Marxist political economists alike can be neatly encapsulated in a notorious quip uttered by the famous New York Yankee’s catcher and manager, Yogi Berra, who, once upon a time, famously pronounced: “a nickel isn’t worth a dime, anymore”.

The other side of student debt: Salaries of some private college presidents according to the Chronicle of Higher Education (source). These numbers are deceptive.

“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa.