Principia-Scientific.org is a site aimed at restoring legitimate scientific principles to the world. On its front page you'll find exposes of the "fossil fuel" fraud (we've written a lot about that) and, of course, global warming, among other rebuttals of "dominant social themes."
Principia Scientific and other such websites are doing important work to support and buttress the scientific method, which is surely under attack in this day and age. This phenomenon is little commented on, even in the alternative press, and so I want to take the time in this column to do so.
Nothing is much more important, in my view, than maintaining and supporting the validity of the scientific method, the idea of producing verifiable information that can be used to facilitate real social and cultural progress.
And the good news is that this website is only one of many aimed at debunking incorrect information that circulates around the world today and is too often used to create certain kinds of political consensus.
In fact, these themes – or memes – are generated by those who want to further their world control and are using various international organizations like the United Nations, World Bank and IMF to do so. In order to actuate such promotions, you need a crisis. Enter global warming, Peak Oil, food and water scarcity, etc.
Luxury Living: Morgan Motor Company
The Daily Bell's weekly Luxury Living segment... because Memento Mori is a way of life.
This week ... Morgan Motor Company ...
The success of the Morgan Motor Company was founded on an icon, the Morgan Three-Wheeler. This brilliant but simple design by H.F.S. Morgan became one of the most successful lightweight cars of the early days of motoring. The principal of fitting a powerful motorcycle engine and simple transmission into a light-weight chassis and body inspired a new type of vehicle which generically became known as the 'Cyclecar'. Thus the fashion for 'new motoring' introduced the freedom of the open road to those of more modest means. The Morgan Runabout was at the forefront of this movement and therefore Harry Morgan can be regarded as the man who first introduced motoring for the masses. The prototype was constructed in 1909 and was a simple three-wheeler with a tubular steel chassis fitted with a 7 h.p. Peugeot V-twin engine. ...
The Bank of Japan must crush all resistance, and will do so ... Kudos to Kyle Bass at Hayman Advisers for warning that the Bank of Japan would lose control of its ¥70 trillion bond buying blitz. The spike in the 10-year yield to 1pc on Thursday was certainly shocking to behold. His point is that the BoJ faces a "rational investor paradox". The authorities are trying to drive up the inflation to 2pc and therefore to devalue Japanese government bonds (JGBs), so why on earth would you want to own them? − UK Telegraph
Dominant Social Theme: It is impossible to control the market
Free-Market Analysis: In the short term, it is possible to control markets, even big ones. This is surely an investment lesson we need to internalize.
Yesterday we saw the Japanese market crack after a large upward move caused by the application of Abenomics. But we would be surprised if the Japanese descent continued indefinitely. As we have seen plenty of times, in the short-term markets are controllable, especially equity markets.
Don't fear the bubble ...The bubblista side of the argument, at heart, says that the flood of money being poured into the global economy by the world's central banks is driving up asset prices to well beyond fundamental valuations, and that if and when valuations revert to sanity, the unwind (the "burst") could be disastrous in all manner of unpredictable ways. This is a prediction which is very easy to make, not least because it has no time stamp associated with it. Tett, indeed, says that "these distorted conditions will remain in place far longer than most people expect", which is little a bit weird: the whole reason why assets are expensive is precisely because, as Krugman says, "long-term rates are low because people, rightly, expect short-term rates to stay low for a long time." – Reuters
Dominant Social Theme: All this talk about bubbles is self-defeating. Western economies are recovering.
Free-Market Analysis: This Reuters editorial takes the position that bubbles are not destructive because short-term interest rates are the result of people's expectations, not of financial manipulation.
Europe needs Britain, says ECB president Mario Draghi ... Mario Draghi, president of the European Central Bank, has issued a plea for a more co-operative Britain to stay in Europe. – UK Telegraph
Dominant Social Theme: Europe will do what we tell it to do.
Free-Market Analysis: We have noticed recently that the top Eurocrats seem a bit more frazzled than usual. We wrote about a recent article in Reuters – a pro-EUwire service – and noted that the editorial was fairly negative about EU prospects.
In fact, the thrust of the editorial was that confidence in a greater EU was shattered and that the EU would have to take small, consistent steps to take it back. But these steps would have to occur over years, not months.
And now comes the influential Mario Draghi to sound a note of conciliation insofar as the British are concerned. Not long ago, Brussels was dismissive of Britain and its financial center, suggesting that British financiers would be the losers if ties were cut with the EU.
Sen Al Franken (D-MN) was using such a circuitous "serpentine" walking pattern in an effort to avoid TRN's Jason Mattera's tough question that he inadvertently body checked one of his own staffers in the process. The absurd weaving to avoid the tough inquiry even brought the senator to laughter at one point as the beleaguered staffer tried to run interference for Franken by claiming that he doesn't talk to national press. – Breitbart
Dominant Social Theme: The Democrats are shocked about IRS abuses. Shocked!
Free-Market Analysis: Turns out that Democratic Senators Chuck Schumer and Al Franken were among a number of top Dems that sent letters to the IRS demanding investigations of conservative groups.
This issue has exploded in the past week as it became clear that the IRS had indeed targeted constitutionalist-type entities for further investigation regarding their tax-exempt status. This video bears testimony to how controversial the issue has become. The Senators in question dodge the questioner or simply walk away as fast as possible.
While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign rivals, and to economic growth, by fighting deflation. On the other side of the coin, they believe a strong currency is an economic albatross that leads to stagnation. But the demonstrable effects of currency strength and weakness reveal the emptiness of their theory.
A country that attracts investment from abroad (through stable and fair governance, low taxes, a growing economy, and a productive labor force) and produces goods that are in demand on the global stage will generally see a rising currency. In essence, this is the reward for a job well done. Strong currencies then help nations stay strong by conferring greater purchasing power to its citizens and businesses, which keeps input costs low, thereby enhancing international competitiveness. Strong currencies also encourage savings, keep real interest rates low, lower capital costs, and allow for greater productivity and higher real wages.
The European Union's unending quandary ... The pace of European disintegration continues to quicken. Recession deepens in the 17-member euro zone; it is now the longest downturn since the currency was launched in 2000. The union will survive only by becoming minimalist. Europeans – who are first of all Germans, French, Italians, Poles, Brits and others – may distrust their politicians, but they know them. They know their faces, their backgrounds, their accents, their tricks, their virtues. They will not – cannot – transfer that loyalty to those they do not know. They will not allow them to make decisions on how to spend the taxes citizens pay. The creation of a more integrated Europe – which sooner or later will look like a state, act like a state and thus be a state – has to be a process of small steps. Or it won't be much at all. – Reuters
Dominant Social Theme: Eventually, the EU will go from strength to strength.
Free-Market Analysis: This is an editorial and does not speak formally for Reuters. But in studying Reuters editorials we find they hew to Reuters's editorial policy, which is a globalist one.
Hamilton City Council backs living wage ... Hamilton City Council's lowest-paid staff could receive more than $100 a week after a trailblazing decision to lift workers' minimum pay rates. The council is set to become the first city in the country to adopt a living wage policy guaranteeing its staff an hourly wage of at least $18.40. In a fiercely debated decision the council voted to introduce a minimum living wage for all staff, phased in over two years, and funded from existing budgets, in a move management said would cost at least $170,000 per year. Council democracy staff last night put the final vote at 7-6 but were checking elected members' votes because of earlier confusion over the final voting split. – Stuffco.NZ
Dominant Social Theme: Yes, let government print money and pay for all of us. It's simple, risk free and above all, equitable.
Free-Market Analysis: Because we cover memes, we long ago figured this one out, though admittedly it took some time. But after a while it came clear to us that the globalists were seemingly set on implementing a neo-National Socialist platform around the world if it meant they would be able to maintain their authoritarian grip on money and the governments that print it.
Don't be fooled: Gold is no currency ... An investment in search of a believable story ...Gold is an investment in search of a story — or at least one that's true more often than not. That's not to say there aren't lots of tales told around gold ... Gold bugs spun that yarn on the notion that paper currencies — especially the dollar — were having their value destroyed by reckless, money-printing central banks. We had reached a long-overdue moment, they told us, in which gold is recognized as the only reliable store of value with which to protect future purchasing power. – MSNBC
Dominant Social Theme: Gold? Fuggedaboutit.
Free-Market Analysis: Here once more we see the mainstream media taking aim at money metals. The idea is to discredit gold as an investment.
We don't understand this antipathy. (All right, perhaps we do; but we certainly don't agree with it.)
Goldman: Four Reasons Why the Market is Going Much Higher ... Last night's much-buzzed about research report from Goldman Sachs, in which the firm lays out its new S&P targets, contains an interesting rationale for higher stock prices. Rather than making the bull case based on earnings growth, Goldman believes that the 2% dividend yield on the S&P 500 will serve as a rising floor of sorts. This, along with an expanding PE multiple, augur well for US equities. – The Reformed Broker
Dominant Social Theme: Stocks are on a tear, despite the recent Nikkei setback.
Free-Market Analysis: Goldman Sachs has released a research report with four reasons why stocks are poised to go higher, as related in this short article posted over at The Reformed Broker.
The reasons reduce to some simple observations. First, the economy is getting better, meaning that good economic news will buoy stocks; second, stocks will continue to outperform bonds, which means stocks will attract a good flow of investment cash; third, companies will raise dividends, making stocks more attractive for those interested in an income stream; fourth, interest rates may remain low, benefiting stocks.
This week's Solari Story from Catherine Austin Fitts is titled "Losers Make the Pie Bigger." Here's a bit of the transcript:
"I was at a Christian revival in Atlanta for women and I was there with my church, and I had been studying spiritual warfare with a wonderful pastor who was there with me. And the leader of the revival was from Texas and it was during the election and he brought George W. Bush in by monitor. George Bush was running for president at the time. And the whole crowd stood up cheering for George W. Bush.
"One of the interesting things about this wonderful pastor was she had worked at the DEA and there was nothing about drug running and allegations of drug running by the Bush family and the Clinton family that she didn't know. And, in fact, her son, I think, had been shot at in a drive-by shooting the week before. So there was nothing about drugs and corruption in this country that she didn't – she was a very knowledgeable person.
"So she and everyone, 100,000 African-American women, stood up cheering for George W Bush, including my pastor. And I said to her, "Wait a minute. I just lost my fortune and almost lost my life trying to stop and bring transparency to narcotics trafficking including that alleged by the Bushes and you never jumped up cheering for me but you just jumped up cheering for him." And she said, "Well, he's going to be the winner." And I said, "So he's a winner and I'm a loser?" And she said, "Yeah, that's right."
Derivatives Reform on the Ropes ... New rules to regulate derivatives, adopted last week by the Commodity Futures Trading Commission, are a victory for Wall Street and a setback for financial reform. They may also signal worse things to come ... The regulations, required under the Dodd-Frank reform law, are intended to impose transparency and competition on the notoriously opaque multitrillion-dollar market for derivatives, which is dominated by five banks: JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley. – New York Times
Dominant Social Theme: We have this billion trillion market under control. Don't worry.
Free-Market Analysis: Derivatives reform? We hardly think so ...
First of all, nobody knows how big the derivatives market is and no one knows how many dollars are at risk. Those involved in making the regulations are also the largest players in the market. Whatever "reform" is being worked out will benefit those who are part of the industry.
Too soon to dial back Fed stimulus ... It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make that decision for another three or four months, an influential U.S. central bank official said. New York Fed President William Dudley, a close ally of Chairman Ben Bernanke, said on Bloomberg TV that it was possible to taper down the $85 billion in monthly asset purchases by the fall "if the economy does better and if the labor market continues to improve" in the face of tighter fiscal policies. − Reuters
Dominant Social Theme: The Fed has it under control ...
Free-Market Analysis: Money printing works in ways that central bankers need it to work. More money is inflationary in a mathematical sense. That doesn't mean it can be quantified, but we can watch it at work.
The most obvious place we can see it at work is in the stock market. Because this is a game of control, the money that is printed is not given to individuals but is funneled through "banks" and financial facilities. But this is just a distraction.
Liberalism not at fault for recent scandals ... If in any of these situations even one person of influence had adhered to the basic tenets of liberalism all of these scandals could have been avoided ... Never mind that there is zero correlation between the political ideology called liberalism and the cascading scandals of the Obama administration. If anything, it's the opposite: it's the undeniably illiberal actions of people within the government that has created these crises. To suggest that any of this happened because the government is too big, or even that the aim of liberalism is to make government bigger, is a gross distortion. – USA Today
Dominant Social Theme: It is not the size of government that matters but the intentions.
Free-Market Analysis: According to this editorial at USA Today, good intentions can triumph over power. We are supposed to ignore the insight that "Power corrupts and absolute power corrupts absolutely," and embrace the idea that even the biggest government can be brought to heel by good intentions.
