Some positive moments amid all the turmoil

Look, things aren’t feeling so bright and cheery in the US right now. And the sad truth is that there are some tough times ahead.

We usually bring you stories on Friday that are absurd or even infuriating.

I’m sure you’ve seen enough of that this week.

So we thought we’d share a few moments of character and integrity shown at protests across the US, which shined through all the tragedy.

[...] Click here to continue reading

It turns out you -can- spot a bad apple. You just can’t remove one

So it turns out that Derek Chauvin, the former Minneapolis police officer who was filmed murdering George Floyd last week, had 17 different complaints of serious misconduct during his career.

That puts him among the 10% worst offenders in the Minneapolis police department.

The complaints vary from being named in a brutality lawsuit, to using demeaning, unprofessional language in public, to aiming his weapon at children.

But Chauvin never got into any[...] Click here to continue reading

“Nor tolerate those who do. . .”

It’s been nearly two and a half decades since I was a brand new, freshly bald-headed cadet entering my first summer at West Point.

Everything about it was agonizing. We operated on little sleep. The hazing never stopped. There were constant military and physical exercises. And it was only the beginning of four years of endless pressure and stress.

In retrospect I can admit it was definitely a character-building experience. And I understand[...] Click here to continue reading

Arsonist burns down church for breaking lockdown rules

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

Church burnt down for ignoring lockdown rules

“Bet you stay home now you hypokrits [sic]," read the misspelled graffiti outside of a burnt down church in Mississippi.

That graffiti, of course, is suspected to have come from the[...] Click here to continue reading

UK uses Feudal System law to seize £150 million from bank accounts

During the summer of 1215 in a riverfront meadow near London, some of England’s top barons gathered to confront King John and force him to sign a contract guaranteeing their rights and freedoms.

The contract became known as the Magna Carta. And one of its key provisions (#43) gave the Barons protection against something called ‘escheat’.

In medieval times, ‘escheat’ referred to the property being forcibly passed to the King if its original[...] Click here to continue reading

How many companies are worth less than zero?

By 1920, former New York Yankees outfielder George Halas’s baseball career was finished.

Halas had only played 12 games as a professional when a hip injury abruptly ended his dream of making it big.

Being a baseball player was all Halas really knew, and with his career finished, he had limited prospects.

Eventually he was able to find steady work in Decateur, Illinois, a small town about 3 hours from Chicago, where[...] Click here to continue reading

The UN wants you to stop using these 14 “offensive” words

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

The United Nations takes a page from 1984 with a list of offensive words

According to the United Nations, the word “wife” is apparently offensive to some people. So is “husband”.

Their reasoning? Those words are not gender-neutral.[...] Click here to continue reading

Social Security will run out of money in 2029 because of Covid

The CDC’s National Center for Health Statistics released some alarming data earlier this week that surprisingly had absolutely nothing to do with Covid for a change.

The report showed that the birthrate in the United States last year declined to its lowest level on record ever since the government began collecting data more than 110 years ago.

This new record low birth rate breaks the previous record set in 2018, which broke the[...] Click here to continue reading

House Cats or Human Beings?

One of the more flummoxing aspects about living in Puerto Rico is that the political leadership is a never-ending parade of highly corrupted, certifiable idiots.

The latest Governoramus of Puerto Rico seems hellbent on destroying every remaining scrap of prosperity on this island, all in an effort to indulge her ego-maniacal God complex.

Puerto Rico was one of the first places in the US to order a full lockdown, and it may very[...] Click here to continue reading

Another week, another $3 trillion bailout

At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.”

For short, they call it the HEROES Act.

And yes, it’s as ridiculous as it sounds.

Bear in mind that Congress passed the first bailout bill-- the “Families First Coronavirus Response Act” on March 14th. That set the taxpayers back $1.3 trillion.

Less than[...] Click here to continue reading

Another week, another governor with a God complex

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

Police arrest surfers for standing still on the beach

Like most of the world, Cape Town, South Africa is on lockdown to stop the spread of the virus.

The city does allow residents to walk along the beach[...] Click here to continue reading

Infinite money printing: Fed now buying ETFs

Just when you thought they couldn’t come up with any more crazy ideas, the Federal Reserve announced last night that they will start buying Exchange Traded Funds, effective immediately.

Just to be clear, this means that the Fed is going to conjure money out of thin air, and then use that new money to buy ETFs.

But not just any ETF. The Fed is specifically targeting ETFs that own corporate bonds.

The[...] Click here to continue reading

A brief history of the last crisis

The last time the economy blew up was back in 2008. Most of our readers probably remember it-- the global financial system almost collapsed.

Just prior to the 2008 crisis, housing was in a major, worldwide bubble. Central banks around the world had cut interest rates to near-zero levels, making it incredibly cheap to borrow money.

By 2005, lenders offered mortgages with teaser rates as low as 0.9%. And demand was furious. Buyers[...] Click here to continue reading

California county launches snatch-and-grab program

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice.

Ventura County, CA to hire dozens of Covid spies

19 residents of Ventura County, California have died so far from Covid. That’s 0.002% of the population.

Most places would consider this a rounding error. But in Ventura County,[...] Click here to continue reading

“Sweep the Leg”

It was barely a week ago that the federal government estimated it would borrow $3.7 trillion this fiscal year due to all the Covid bailouts.

Then, only a few days later, the Treasury Department updated the estimate and announced they would in fact be borrowing $4.5 trillion this fiscal year.

That’s an increase of $800 billion in less than a week!

Not to be outdone, the Federal Reserve has printed more than[...] Click here to continue reading

What worked (and didn’t work) during 1970s stagflation

When the New York Stock Exchange opened for trading on January 2, 1970, the Dow Jones Industrial Average was at 809 points.

It was the start of a new decade, and expectations were high.

Consumer confidence was high, the economy was strong, and NASA had just put a man on the moon only a few months prior.

America was ready to move on from the tumultuous 1960s and was looking forward to[...] Click here to continue reading

And the winner of the next half trillion dollar bailout is…

At precisely 4pm on Friday October 17, 1975, New York City’s government would have a $453 million in debt to repay.

But literally the night before, the city’s government had only $34 million on hand.

It was the makings of an epic financial crisis: the wealthiest city in the world was about to declare bankruptcy.

New York City’s mayor Abe Beame had called US President Gerald Ford numerous times begging for federal[...] Click here to continue reading

Oregon County says “no whites allowed”

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice.

“No whites allowed” safe space for employees of Oregon county

Do you know what’s been missing from the government’s response to coronavirus?

You might think-- ‘more testing kits’, or ‘honest information’.

Nope. According to at least ne[...] Click here to continue reading

Silver hasn’t been this cheap in 5,000 years of human history

More than 4,000 years ago, the city of Kanesh was quickly becoming an important commercial trading hub within the ancient Assyrian Empire.

Kanesh was located in the dead center of modern day Turkey, so it was perfectly situated on the route between the Mediterranean and the Black Sea, and between Europe and Asia Minor.

As a result, Kanesh became a popular trading post. And merchants, scribes, and moneylenders from all over the Assyrian[...] Click here to continue reading

The first time they sent me to the gas chamber

The first time I was sent to the gas chamber was in late July 1996.

I’m not being dramatic-- that’s literally what they called it.

I was 17 years old… a brand new cadet at West Point undergoing my first summer of basic training.

It’s affectionately known as ‘Beast Barracks’, and one of the highlights is a few days’ worth of Nuclear, Biological, and Chemical training.

The culmination of this is[...] Click here to continue reading

This is a power grab we haven’t seen since 9/11

Thousands of years ago in 458 BC, Lucius Quintius Cincinnatus was hard at work behind his plow on the family farm when a group of Roman Senators showed up with urgent news.

A foreign enemy called the Acqui had vanquished one of Rome’s armies and was rapidly approaching the city. The Republic was in deep trouble.

Cincinnatus was a former consul and renowned military leader, so in their panic, the Roman Senate unanimously[...] Click here to continue reading

Coronavirus response: Ban alcohol, free speech, and homeschooling

For this week’s round-up of articles, we’re taking a look at some of the things the government thinks should be banned in response to coronavirus.

WHO urges governments to ban alcohol during lockdown

Last week we talked about how the World Health Organization was coming for your sick family members.

This week, they want your booze.

WHO says that alcohol compromises the immune system. And since we are fighting a virus, they think[...] Click here to continue reading

America finally found the lost City of Gold

In the early 1530s, a Spanish conquistador named Diego de Ordaz was exploring modern-day Venezuela when he first heard rumors of a nearby City of Gold.

Ordaz thought he was about to hit the jackpot. And he wasted no time ordering expeditions of the area to find this city-- what eventually became known as El Dorado.

The mission failed, and most of Ordaz’s men died. But one survivor, a crewman named Juan Martinez,[...] Click here to continue reading

They’ll wreck the currency if they have to

Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history.

As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that “brother abandoned brother. . . fathers and mothers refused to see and tend their children, as if they had not been theirs.”

When people sensed the worst was over, they slowly came[...] Click here to continue reading

The next giant industry in need of a bailout

Well this is starting to become a trend.

Over the past few weeks, state governments across the Land of the Free have been feverishly proposing new legislation that will virtually guarantee the entire insurance industry is wiped out.

The root of the issue has to do with something called business interruption insurance.

Business interruption is a pretty common type of insurance that’s designed to protect business owners against a number of risks.
[...] Click here to continue reading

WHO wants to separate families “in a safe and dignified manner”

For this week’s round-up of articles, we noticed a theme: the most alarming articles are about governments going over-the-top, grabbing powers in the name of stopping the Coronavirus.

Here are some examples that we found absurd, and downright creepy:

WHO officials says next step could be separating families

A World Health Organization official said that the next step in controlling the spread of the virus could involve raiding homes, and separating families.

Here[...] Click here to continue reading

Why it makes so much sense to own REAL assets

Earlier this week we talked about why the economic consequences of this pandemic could last a lot longer than what a lot of people expect.

Now, I say all of this from a position of complete ignorance and uncertainty. Nobody knows what’s going to happen next, or how long this pandemic will last.

But to simply expect that everything will return to normal in a few weeks-- and willfully ignore the countless other[...] Click here to continue reading

5 reasons why the ‘V-shaped recovery’ is a fantasy

The big story over the last few days has been ‘reopening the economy’.

And that’s certainly a nice idea. Countless people have been living in despair over the last month, and the prospect of everything going back to normal soon feels really great.

I certainly hope for the best.

But a couple of weeks ago I quoted James Stockdale-- one of the toughest men who ever lived-- talking abut how he cultivated[...] Click here to continue reading

Why the price of silver could skyrocket

By the mid-6th century BC, Darius the Great was ‘King of Kings’, ruling over the vast Achaemenid Empire.

By that time, gold and silver had already been in use by earlier civilizations for thousands of years.

There are cuneiform tablets that are nearly 4,000 years old from ancient Sumeria which record commercial transactions made in gold and silver.

And subsequent civilizations-- the Babylonians, Egyptians, Lydians, etc. all used gold or silver in[...] Click here to continue reading

Welcome to your new Freedoms: “Shoot them dead”

In the words of Rahm Emanuel, former Chief of Staff to Barack Obama, “never let a good crisis go to waste.”

Emanuel first said this during the 2008/2009 financial crisis… meaning that politicians can use a crisis as an opportunity to push through radical ideas that would otherwise never be accepted.

Late last month, Emanuel uttered the same words on ABC News This Week, admonishing politicians to not let this crisis go to[...] Click here to continue reading

Genius! Spend $100+ billion to give away what’s already free…

Well, it’s official. Bernie Sanders dropped out of the US Presidential race yesterday.

This leaves Joe Biden-- a career politician with obvious signs of dementia-- as the presumptive opposition candidate.

To be clear, I’m not making light of Biden’s mental health. Tens of millions of people around the world suffer from dementia. It’s a terrible syndrome.

But facts are facts, and Biden’s symptoms have been on public display throughout his campaign.

[...] Click here to continue reading

That was fast! Wells Fargo already ran out of money for small businesses

I think one of the funniest movies of the 1980s was Brewster’s Millions.

In the movie, Richard Pryor plays Monty Brewster, a minor league baseball player who finds out that he is in line to inherit a vast $300 million fortune.

In order to inherit the money, though, Brewster must spend $30 million over the next 30 days… and if he fails to do so, he forfeits the entire inheritance.

Part of[...] Click here to continue reading

The global food supply chain wasn’t designed for this

In the early 1980s, doctors and medical researchers around the world were confounded by the growing number of young, otherwise healthy patients who were dying of rare infections that typically only occurred in people with very weak immune systems.

The situation was so alarming that the CDC in the United States set up a special task force in 1982 to study the condition and stop its spread.

By 1983 the medical community had[...] Click here to continue reading

Congress proposes 50% tax on guns and ammunition in the US

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice.

Street Gangs enforce lockdowns in Brazil

Last week we highlighted how Brazil’s president claimed Brazilians don’t get sick.

Unfortunately for President Bolsonaro, his driver is now in the hospital, sick, being tested for Covid-19.

But Bolsonaro is[...] Click here to continue reading

There’s a major sovereign debt crisis looming

By the mid 1300s, the Republic of Florence in modern day Italy had experienced one of the greatest economic booms in human history.

In less than a century, Florence had grown from a tiny, irrelevant backwater to become one of Europe’s largest cities and preeminent financial center.

The expansion was truly impressive. Florence’s population had grown 10x. It had become a leading manufacturer in both weapons and textiles.

(Many etymologists believe the[...] Click here to continue reading