News Items

Two Roads Diverged in a Digital Wood

By now it’s no longer restricted to individual companies or even to the internet sector. It has spread across a wide range of products, services, and economic sectors, including insurance, retail, healthcare, finance, entertainment, education, transportation, and more, birthing whole new ecosystems of suppliers, producers, customers, market-makers, and market players.

The American Empire Pivots Toward Venezuela

Many people are coming to quick takes on yesterday's extraordinary decision by the U.S. government to recognize an unelected opposition leader as interim President of Venezuela based on their view of Maduro and his government. Similar to the emotional responses to those first clips of the Covington students and Nathan Phillips, such superficial opinions feel good and confirm biases, but don't tell you much about what's really going on. From my seat, the move by the Trump administration to choose the leader of Venezuela by diktat is just straight up imperial geopolitics.

Can You Time Peak Crazy?

You don't need me to tell you how completely crazy and distorted the financial markets have become over the last decade. Anyone reading this already knows that, which is partly why I stopped writing on the topic several years ago. I came to the conclusion there was no point in constantly screaming at the top of my lungs about what a farce the global financial system was. Instead, I decided to step back, let things play out to their predictably tragic end, and then play closer attention as the curtains started to come down.

The Final Act in a Terrible Play

If you don't follow me on Twitter, you've been missing out on some good stuff. With the brith of our third child a couple of months ago, it's been increasingly hard for me to find the time to sit down and write longer posts, so I've been putting more and more content on Twitter. Last Friday, Brent Johnson of Santiago Capital, asked me to provide additional thoughts on my recent turn to being far more bullish gold. Normally I would've written it in a piece, but being pressed for time I put together a Twitter thread.

Goodbye 2018

2018 was a slog, and the more I mention this to friends, the more I realize a lot of other people feel the same way. It wasn't a bad or terrible year for us, but at the same time nothing came easy. Anything we tried to accomplish came with all sorts of unexpected pitfalls and hurdles, and in many cases success seemed hopeless until the very last moment when things finally came together reasonably well. Stuff that had to get done got done, but not without struggle and headache.

Is U.S. Geopolitical Strategy Experiencing a Monumental Shift?

The defining question about global order for this generation is whether China and the United States can escape Thucydides’s Trap. The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago. Most such contests have ended badly, often for both nations, a team of mine at the Harvard Belfer Center for Science and International Affairs has concluded after analyzing the historical record.

Can the ‘Yellow Vests’ Protests Go Global?

When it comes to the relationship of U.S. citizens to the politicians and bureaucrats in Washington D.C., there’s no indication that anything remotely resembling self-government is happening. Rather, the relationship is far more like that of a servant to a master.
From the October post: Americans are Stuck in Abusive Relationships with Power

‘He’s Barack Obama, but White’ – The Manufacturing of Beto O’Rourke

Although I haven't paid close attention to Beto O'Rourke, he's been on my radar for a couple of years after noticing certain media outlets had anointed him a "rising Democratic star." One of my principal rules of political analysis is whenever you hear mass media proclaim an obscure politician a "rising star," it typically means that individual has been deemed acceptable by the entrenched oligarchy and is being groomed as a promising puppet.