Sep 162014
 
So Scotland Thinks They Are Oil Rich?

Scotland wants to separate so they can claim the ‘riches’ flowing to London (in addition to other reasons). Do the separatists realize the North Sea oil fields are in terminal decline? That means oil revenues are in terminal decline. Good luck with that.

Sep 152014
 

William Black is a former bank regulator who’s seen firsthand how banking systems can be used to commit fraud — and how “liar’s loans” and other tricky tactics led to the 2008 US banking crisis that threatened the international economy. In this engaging talk, Black, now an academic, reveals the best way to rob a bank — from the inside.

Sep 152014
 

Need to get a population to fall in line? No better way than to scare them with some sort of common ‘threat’. Stefan Molyneux discusses the all too frequent manufacturing of enemies within society.

Sep 152014
 
How Much Does the US Government Spend on Interest Alone

The chart below tells it like it is, except it doesn’t. The full picture considers that rates today are still near all time historic lows. So what do you imagine happens to the government’s interest expense when rates rise and past US Treasury issues are rolled over?

Sep 152014
 

Guest post by Paul Kiel, ProPublica, and Chris Arnold, NPR, Sep. 15, 2014, 5 a.m. This story was co-published with NPR. Back in 2009, Kevin Evans was one of millions of Americans blindsided by the recession. His 25-year career selling office furniture collapsed. He shed the nice home he could no longer afford, but not a $7,000 credit card debt. We asked readers to tell us about their experiences being sued over debt. Here are a few of their stories » Have you been pursued by debt collectors? Share your story here. After years of spotty employment, Evans, 58, thought [...]

Sep 142014
 

Andrew Michael Gamble (born 15 August 1947) FBA, AcSS, FRSA is a British academic and author. Since January 2007 he has been Professor of Politics at the University of Cambridge. Previously was a member of the Department of Politics at the University of Sheffield (1973-2007), for many years as a Professor. A former pupil of Brighton College, he graduated from Cambridge University with a degree in economics, before gaining his MA in political theory from the University of Durham. He then returned to Cambridge for his doctorate in Social and Political Sciences. While at Sheffield University, he was a founder [...]

Sep 142014
 

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Sep 142014
 

You should have seen it coming! There were enough signs that something terrible was happening and, at a minimum, a prudent approach to asset allocation was needed. Instead fund managers maintained fully-invested positions, subjecting their unitholders to maximum risk. Guess which fund managers lost their job after the Global Financial Crisis? I am willing to guess none. You know why? Because nobody gets fired for going with the consensus. It doesn’t matter if the signs should have been obvious to the professionals that follow the markets for 10 hours a day. If everyone was fully invested then that was the [...]

Sep 142014
 

Preserve the union. The North Sea oil is gone, so quit daydreaming. Unity is power. The full letter to Scots voters from David Beckham. #indyref pic.twitter.com/Vrazn4em8x — Alan Roden (@AlanRoden) September 14, 2014

Sep 142014
 

This is the problem. The facilities in Africa are sh!t so people can’t be treated or isolated properly. Makes me wonder how such a massive economic disparity between Africa and the Western World could have happened. This is not a recent phenomenon – the economic disparity existed long ago when Western society first enslaved and colonized much of Africa. So how did it happen that England, Spain, Portugal, Holland, etc. develop so much quicker? Perhaps something to investigate later. Back to the issue at hand – Africa is up sh@t creek without a paddle because of its inability to handle [...]

Sep 142014
 

“We’re going to rewrite really important elements of our society when we make transportation one of these computerized technologies,” says Templeton. “It’s going to change a lot more of our lives than people think to have cars that are smart in this way.” By 2020, “smart cars” (not the German brand—Smart—currently out on the market) will be popping up on freeways. Will their popularity spread like the smart phone craze? Templeton is optimistic, especially given their amazing potential to transform the world. “These vehicles are so efficient that they don’t just beat out the cars we’re riding in now, they [...]

Sep 142014
 

The depression that followed the stock-market crash of 1929 took a turn for the worse eight years later, and recovery came only with the enormous economic stimulus provided by the second world war, a conflict that cost more than 60 million lives. By the time recovery finally arrived, much of Europe and Asia lay in ruins. The current world situation is not nearly so dire, but there are parallels, particularly to 1937. Now, as then, people have been disappointed for a long time, and many are despairing. They are becoming more fearful for their long-term economic future. And such fears [...]