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Happy New Year 2019

Dear Friends,

 

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Damage American Technology Program

The 90 day “truce” agreed to in the G20 dinner between Presidents Trump and Xi is certainly a plus. The world has been spared, at least for the moment, an acceleration of a destructive trade war between the world’s two largest economies. ...
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American Constitution Trumped

Once upon a time Americans were very sensitive on the subject of taxation. They even dumped British tea into the Boston Harbor as a protest against British taxes. And the American constitution was written to give an elected Congress the primary power to impose taxes....
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Happy New Year!

Another year of success and happiness has passed....
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Holocaust Memorial Day 2017

Adolf Hitler’s murderous campaign during World War II took the lives of six million Jews....
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Happy New Year

New Year’s Day, which according to the Gregorian calendar falls on January 1, is one of the most popular occasions around the globe. Beyond religion, ethnicity, caste and creed it is a common festivity enjoyed by all. The culmination of the long holiday season, it marks a new beginning, symbolising new hope and a fresh start....
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Finally

Fidel Castro, Cuba's communist dictator for decades, responsible for the murder of many thousands of his fellow citizens, is finally dead at the age of 90....
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The Coming Destruction Of Hong Kong

Hong Kong as I write this is being paralyzed by demonstrations led by idealistic students and left wing Occupy Wall Street types. I spend a lot of time in Hong Kong. But I have to admit. I didn’t see this coming. I never thought this would get this big....
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A Collection Of Sayings

-To remodel a house takes one year. To remodel a soul takes a lifetime. -Connecting with nature is connecting with God because God is in nature. -To ...
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How Many British Governors Were Elected By The People Of Hong Kong?

The answer to the above question, for those who did not know, is none. In 1841 under duress the Qing Dynasty ceded Hong Kong Island to the British. From 1843 until 1997, when Hong Kong was handed back to China, all Governors of Hong Kong were appointed by the British government. Nobody cried, nobody complained. But now the so called “Occupy Central” people are holding Beijing to a higher standard....
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In Hong Kong - The Peg Is Not Likely To Be Changed

In my opinion, the Hong Kong dollar peg, which has been set since 1983 to the US dollar at 7.80:1.00, should and will remain unchanged. There are sound economic reasons for this but I believe the primary reason is political....
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Investing Under The Law Of Accelerating Returns

“This time it’s different—the most expensive words in investing.” So eminent investor Sir John Templeton has opined....
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A Great Man Cometh?

Every once in a great while a larger than life figure comes along who dramatically changes his (or her) country for the better. Ronald Reagan, Margaret Thatcher and Deng Xiaoping are three that come to mind. Narendra Modi, the just elected future Prime Minister of India, has this potential for greatness. And yes this has significant investment implications....
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Time To Pause?

Bend it Like Zuck...
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Really Brave New World

“First let us postulate that the computer scientists succeed in developing intelligent machines that can do all things better than humans can do them. In ...
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It Is China We Need To Worry About

Pleading “guilty” in advance to the charge of excess hubris, I will start this piece with a quote from my last Dismal Optimist:...
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International No Pants Subway Ride Day

Straphangers across the city and the world ditched their britches and went for a pantless ride Sunday to mark International No Pants Subway Ride Day....
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The Dismal Outlook For 2014

I do not think the US stock market is in a bubble. If you do not think you have a good alternative for your money, do not sell your stocks. The US stock market as measured by the S&P 500 rose by 29.6% percent in 2013....
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Realities Facing Investors

Seizing resources from entrepreneurs and redistributing it politically is the death of creativity.            - George Gilder   As the Industrial Age is drawing ...
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Venezuelan President Sees Many Plots To Kill Him

As Venezuelan President Nicolás Maduro tells it, he lives in a very dangerous world. Since narrowly winning election in April, his administration has said there have been almost a dozen plans to murder him....
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Forget ObamaCare, Let's Do Syria

It is not good to be in a habit of cynicism, and I try to stay away from it. Let's forget the ObamaCare mess. Now we are going to change the subject and create the Syria mess....
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Well Done, Mr. President

“… there is the United States’ self-appointed task of world policeman. Wars have always been major but temporary causes of spikes in government debt/GDP ratios. The winners in the post-WWII period grew their way out of their war debt while the losers defaulted. But the US policeman function seems to be a chronic condition and adds to the US government debt/GDP ratio. Since the end of WWII, the country has been involved in what seems like a continuous series of expensive and not always small wars.” ...
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Globalization, Accelerating Technology & Stars

The Four Phenomena Which Will Determine Long Run Investment Performance in the Coming Years ...
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Quantitative Easing - Do The Markets Understand It

Japan and the US – Contradictory Reactions to QE ...
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Bronx Congressman Serrano Mourns Hugo Chávez’ Passing

Earlier today, Venezuelan President Hugo Chávez died after an extended bout with cancer. Needless to say, Mr. Chávez, a prominent opponent of United States foreign policy whose critics accused him of dictator-style thuggery at home, will not be fondly remembered in many corners of American politics....
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Famous Villain Back In The News

My father taught me the line when I was a child: “A horse, a horse, my kingdom for a horse!”...
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Head Of Hamas Military Wing Killed

The Isreal Defense Forces (IDF) has released video of the strike that killed Ahmed al-Jaabari earlier today. In response Hamas has declared open war....
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Help Palestinian Farmers Grow & Export Their Crops

A small donation of just $25 will buy 50 pepper seedlings for the farmers. Please offer your contribution and help make a difference in people's ...
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Beirut Design Week... A First of Its Kind

The MENA Design Research Center is proud to announce the launching of the first “Beirut Design Week”, a press release said earlier today....
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The Euro, What Should Have Been

"I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one ...
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Axing A Lot Of Nuclear Power Plants

Energy is the lifeblood of modern economies and there’s no more amazingly useful form of energy than electricity....
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A Different Way Of Looking At China

Hard landing, soft landing, civil unrest, dominant economic superpower – the forecasts flow freely regarding China....
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Bronx Men's Shoes Beard Growing Billboard

Bronx Shoes SA pioneers world's first interactive growing billboard The 3rd of April sees the unveiling of the world's first interactive beard growing billboard in Cape Town. Bronx Men's Shoes, the "Man Enough" brand in South Africa, through Bletchley Park, Cape Town....
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India - A Bric Hitting A Brick Wall

“If you see a Brahmin and a snake, kill the Brahmin first.”         - Old South Indian proverb The Fatal Attraction of Indian Populism India, one of the ...
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Vulture Stalking A Child

Sudan, March 1, 1993....
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Steps Forward & Back For The World’s Nukes

My household has no less than three nightlights that give good service to me and mine. Perhaps you have a nightlight or two yourself. And beyond those useful little devices, of course, there are the regular lights that a person may switch on in the middle of a windless night....
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Ceaseless Change Dominates Our Dynamic Planet

Nothing about Earth history is static or unchanging. That’s particularly true of climate, and thereon hangs more than one interesting tale including recent news of a scientific advance in understanding how past climate has changed....
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More Money, More Instability

Another Wall of Money on Its Way...
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Throwing Good Money After Bad

“The surest way to destroy a nation is to debauch its currency.”; “The Capitalists will sell us the rope with which we will hang them.” ...
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Stepping Up To A Bright Idea

At first I wasn’t sure I was reading the CNN report correctly. The story hinged on special pavement that uses the impact of human feet to generate electricity. ...
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The Euro Solution - Buy Now, Cry Later

In the last issue of The Dismal Optimist I wrote “One thing seems likely. The Europeans will come up with some kind of solution for Greece. No matter how stupid it is the stock markets will probably rally. Buy now, cry later.” It looks like that statement was correct. The stock markets anyway seem to be happy. For now....
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The Great Recession Marches On

"When the weasel says ‘Happy New Year’ to the chicken, this is not good news.”...
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The Coming Age Of Defaults

“Some people actually believe government can create jobs by taxing and borrowing from people with jobs and then giving that money to people without jobs. ...
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The Money’s Gotta Go Somewhere

“Money is a spiritual thing. It has no rank yet is revered; it has not status yet it is welcomed. Where there is money, danger ...
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Stepping Up To The (Hot) Plate

Occasionally I’m guilty of just a tiny bit of cynicism about people and their motivations. And sometimes I grow weary of news reports about the nasty behaviors of which some folks are capable....
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Brave New World

The S&P downgrade of US Treasury obligations, though of little practical significance, should be viewed as a prophecy. A prophecy of what will happen if confidence in the cornerstone of the international monetary system – the US dollar – is lost....
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Gold On Hold

“The 19th century experienced monetary stability, and all the economically advanced countries clung faithfully to the gold standard; in the 20th century they have gone ...
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Jewish Nazism Thrives In Hebron

Hebron is a major center of the three great Abrahamic religions. It is also home to one of the first Israeli settlements in the West Bank and the only one right in the heart of a Palestinian city....
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The End Is Nigh?

“The ultimate result of shielding man from the effects of folly is to people the world with fools.”...
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Ready Or Not

As events in Japan this past March showed us, Big Ones really do happen. Richter 9 is about as large as they come, an event so enormous it takes away the breath of even a geologist like myself....
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Lesson From The Past: The German Hyperinflation

The below quote is from a book written in 1931 which has now achieved cult status. I have been researching the German hyperinflation period post WWI in order to get some idea as to how to survive investment-wise were such a hyperinflation to befall the US....
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International Women’s Day

Senator Gustavo Rivera (D-Bronx) today, honored the women of New York whose historic leadership and fight for equal rights and rights of women workers we commemorate each year on International Day of the Women, March 8, and Women’s History Month....
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Some Hard Truths About Energy

As the markets tremble at the massive changes now sweeping the energy-rich Arab world, once again we are reminded that the supply of energy is not something to be taken for granted. Clearly, a continued march upward of oil prices above $100 per barrel threatens an already tepid US economic recovery....
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Jello & Deducing Climate Change

I hope you played with your food when you were young. Perhaps you experimented at some point with pushing a drinking straw through Jello....
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We Have Seen The Future - It Is Greece

Greece – the Road Not Taken Greece is now being forced to go hat in hand to the European Union and the IMF for a massive ...
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FartMachine.com Delivers Tons Of Fun

Nobody wants to admit it, but everybody farts. Whether it is an audible rip or silent but deadly, everyone has to pass gas sometime. We all share this human trait....
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Greece, China – Keep An Eye On Both

Greece—The International Moral Hazard Fund (aka IMF) to the Rescue...
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Beware Of The IMF Bearing Gifts

The Economist is referring to the Greek financial crisis. Readers of my last piece Privatize the Gains, Socialize the Losses must know what I think of The Economist’s recommendation....
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Helping Our Global Neighbors: One Bronx Solution To The Haiti Crisis

The following is New York City Councilman Fernando Cabrera's statement on the current HAiti earthquake crisis....
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The Crisis Of 2008 - The Last Chapter

“It is frequently thought that relieving an alleged shortage of money will solve all social problems. Even today, with an economic crisis raging, the response ...
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The Heat Is On

He lied like a finance minister on the eve of devaluation....
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The Export Model

So the world may turn.The US is in a serious consumer led debt deflation. Unemployment will rise further. The realization has now come that the US third quarter GDP numbers were juiced up by the government’s cash for clunkers program, the $8000 credit to new homeowners and a modest inventory swing. These weren’t such good numbers as the market figured out a day later. Now we are starting to hear about a “W” recovery....
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Celebrating Columbus Day

Many countries in the New World and elsewhere celebrate the anniversary of Christopher Columbus' arrival in the Americas, which occurred on October 12, 1492 in the Julian calendar and October 21, 1492 in the modern Gregorian calendar, as an official holiday....
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14 Billion People Died In 14,000 Wars

It is a well-known fact that 70 percent of identical twins, even if they were separated at childhood, often share each other’s fate, even if it’s criminal. Investigators often come across situations that seem unbelievable....
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Palestine - Hell On Earth

The purpouse of this article is to allow our readers the opportunity to face the stone-cold facts about a subject, on which we as a nation, and most of the rest of the "civilized" world, know practically nothing....
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Is China In A Real Estate/Stock Bubble?

Answer: Probably not. The Chinese authorities are as aware of recent history as anyone else....
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Coco Chanel's 126th B-day Anniversary

Gabrielle Bonheur "Coco" Chanel (19 August 1883 – 10 January 1971) was a pioneering French fashion designer whose modernist philosophy, menswear-inspired fashions, and pursuit of expensive simplicity made her an important figure in 20th-century fashion....
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Little Boy's & Fat Man's Sad Anniversary

The atomic bombings of Hiroshima and Nagasaki were nuclear attacks during World War II against the Empire of Japan by the United States of America at the order of U.S. President Harry S. Truman. After six months of intense firebombing of 67 other Japanese cities, the nuclear weapon "Little Boy" was dropped on the city of Hiroshima on August 6, 1945, followed on August 9, 1945 by the detonation of the "Fat Man" nuclear bomb over Nagasaki....
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Major Aid Deployment To Pakistan

International disaster relief charity ShelterBox is dispatching urgently needed aid to alleviate the growing humanitarian crisis in Pakistan where hundreds of thousands of people are fleeing the fighting between the army and militants in the north west of the country....
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The Turkish Atrocities In Bulgaria

More than 5,000 of the 7,000 inhabitants of the town of Batak, including women and children, were raped, slaughtered, beheaded or burned alive by Ottoman irregulars who left piles of dead bodies around the town square and church in 1876, giving start of the April Uprising....
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Remembering Myanmar

David Eby reflects on his experience delivering aid in Myanmar one year ago after the devastation caused by a category 4 storm. Attached please find a photo of a tent city dubbed “Three Mile Camp” set up by ShelterBox....
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US Troops Want To Stay

The US military command in Iraq addressed the Iraqi government yesterday with a request to revise the terms for the US troops to pull out from the war-torn country....
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No New Luxury Suit For Lenin

The body of Vladimir Lenin, the leader of the Great October Revolution, will be left without a new suit this year due to the economic problems in Russia. Lenin’s clothes have not been changed after two months of prophylactic measures, although there is a strong need to have the mummy displayed in new clothes....
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Stimuli - They Are Not All The Same

“The government that stimulates least stimulates best.”                                                        Anonymous Stimulus—First Let’s Clear Up the LinguisticsStimulus, noun, plural stimuli Definition: “something that arouses or incents to activity” (Merriam-Webster’s Online ...
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Man Pretends To Be A Sexy Girl

The Internet today is full of fake and trash....
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What's New
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Happy New Year 2019

Dear Friends,
image

Damage American Technology Program

The 90 day “truce” agreed to in the G20 dinner between Presidents Trump and Xi is certainly a plus. The world has been spared, at least for the moment, an acceleration of a destructive trade war between the world’s two largest economies.
image

American Constitution Trumped

Once upon a time Americans were very sensitive on the subject of taxation. They even dumped British tea into the Boston Harbor as a protest against British taxes. And the American constitution was written to give an elected Congress the primary power to impose taxes.
image

Happy New Year!

Another year of success and happiness has passed.
image

Holocaust Memorial Day 2017

Adolf Hitler’s murderous campaign during World War II took the lives of six million Jews.
image

Happy New Year

New Year’s Day, which according to the Gregorian calendar falls on January 1, is one of the most popular occasions around the globe. Beyond religion, ethnicity, caste and creed it is a common festivity enjoyed by all. The culmination of the long holiday season, it marks a new beginning, symbolising new hope and a fresh start.
image

Finally

Fidel Castro, Cuba's communist dictator for decades, responsible for the murder of many thousands of his fellow citizens, is finally dead at the age of 90.
image

The Coming Destruction Of Hong Kong

Hong Kong as I write this is being paralyzed by demonstrations led by idealistic students and left wing Occupy Wall Street types. I spend a lot of time in Hong Kong. But I have to admit. I didn’t see this coming. I never thought this would get this big.
image

A Collection Of Sayings

-To remodel a house takes one year. To remodel a soul takes a lifetime. -Connecting with nature is connecting with God because God is in nature. -To
image

How Many British Governors Were Elected By The People Of Hong Kong?

The answer to the above question, for those who did not know, is none. In 1841 under duress the Qing Dynasty ceded Hong Kong Island to the British. From 1843 until 1997, when Hong Kong was handed back to China, all Governors of Hong Kong were appointed by the British government. Nobody cried, nobody complained. But now the so called “Occupy Central” people are holding Beijing to a higher standard.

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George Zulch

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