The Fat Lady is Singing

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.  This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.  The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.  Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.” Tragedy and Hope, by Carroll Quigley, 1966
 
Nearly 2,400 years ago, Aristotle wrote one of the defining works of political Fat lady Singsphilosophy in a book entitled Politics.  It’s still relevant today, particularly what he writes about tyranny.  The ancient Greeks used the word ‘turannos’, which referred to an illegitimate ruler who governs without regard for the law or interests of the people, often through violent and coercive means.

Aristotle attacks tyrants mercilessly in his book, and clearly spells out the criteria which make a leader tyrannical.  You may recognize a few of them:
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The 2013 San Francisco Metals and Minerals Conference

“To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.”   Sir John Templeton As a musician friend of the Eagles, J.D. Souther said, “Time passes, things change.”  Life is a timing thing.  As I’m sure you’re aware, the sons of Bernie MadoffContinue Reading

Words for Thought

“Be not conformed to this world. Be ye transformed by the renewing of your mind.”  —Romans 12:2 A few “GREAT TRUTHS” stumbled across my email screen last week.  I decided to ignore some of them, but a few I pass along: 1.  “In my many years I have come to a conclusion that one uselessContinue Reading

Government Gets Back to Work. Watch Your Wallet.

“What do you call cheese that doesn’t belong to you?  Nacho cheese.”          Was the deadline-snug ending to the D.C. debt dance a benefit for our country?  Consider this: embedded in the legislation just passed and imminently to be signed by Obama is this sub-section: “Default Prevention Act of 2013.”  This particular provision, buried deepContinue Reading

Unwilling Witness Protection for JPM Whistleblowers

“When I find I’m wrong I change my mind.  What do you do?” John Maynard Keynes           Larry Summers decided not to subject himself to impolite questioning during a Senate confirmation hearing in order to become Chairperson of the FED.  Even Mr. Obama’s Senate Democrats were heard to be sharpening swords to go after Mr.-Yes-I-Collected-$5-MillionContinue Reading

Politics is War Carried on by Other Means…

“My choices in life were either to be a piano player in a whore house or a politician.  And to tell the truth, there’s hardly any difference!” Harry S. Truman Whistling merrily past the soon-to-be inhabited graveyard currently referred to as the Middle East, we turn now to one of the biggest consumers of goldContinue Reading

Cyprus, Is That Your Final Answer?

“Consensus: ‘The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects”  Margaret Thatcher          There is a consensus in America that the economy is improving.  There is a consensus that Wal-Mart shopping Americans have a grip on things (See signContinue Reading

Cambridge Resource Investment Show, Platinum Upgrade

“I Don’t know why fortune smiles on some and lets the rest go free.” Sad Cafe/ The Eagles In 2011, Disney World in Florida opened up a Star Wars tour attraction.  Bob Iger, President of Disney, was there, as was George Lucas, the creator of the Star Wars franchise who’d helped with the Florida project. Continue Reading

Off to the Races

2-5-2013 TUESDAY AFTER LUNCH MONEY MEMO “Money, young man, is good for the nerves.” J.P. Morgan Investing is defined as “Putting some money into something with the goal of getting more money back (after taxes and inflation) later.”  Sounds reasonable.  Well, I rode that definition a bit on Saturday by visiting my local race track.Continue Reading

Silver, Is You Is, Or Is You Ain’t My Baby?

From the 1-22-2013 TUESDAY AFTER LUNCH MONEY MEMO . . . “The Hulbert Gold Stock Sentiment Indicator is now minus twelve.” Jan. 4, 2013 I’m dealing with the emotional effects of my family having put my 95 year old mother into an “Assisted Living Facility.”  I’ve named it “Tundra Vista”.  Writing is just not onContinue Reading