Roderick Long On Equality Before The Law

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Roderick Long on what sort of equality libertarianism entails:

“But if neither legal equality nor equality of liberty is sufficient for a free society as we understand it, in what sense can it be from our equal creation that we derive our right to liberty?

For the answer to this question we must turn from Jefferson to Jefferson’s source, John Locke, who tells us exactly what “equality” in the libertarian sense is: namely, a conditionwherein all the power and jurisdiction is reciprocal, no one having more than another, there being nothing more evident than that creatures of the same species and rank, promiscuously born to all the same advantages of nature, and the use of the same faculties, should also be equal one amongst another, without subordination or subjection….[3] Continue reading →

Interview With Dennis Gartman, June 12, 2009

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The Globe and the Mail has an interview from last summer with trading guru Dennis Gartman, and since I erroneously slammed him in an earlier post entitled, ‘Dennis Gartman: Gold On Its Way Down,’ because I thought he was just talking his portfolio, I’m posting this interview to make up for my mistake. It’s quite interesting in hindsight. If only I’d read it before jumping into UNG….

(At least, I did wait until the winter to jump in, but the contango issue was worse than I thought, as he indicates). Continue reading →

Bypass The US Media, Says Black Novelist

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Thoughtful and impassioned advice from Ishmael Reed, interviewed on his recent book, “The Return of the Nigger Breakers”.

Reed notes the one-sided treatment of pathologies in the black community, versus the treatment of  pathologies in other communities:

“The Gates line is picked up by white critics like Nicholas Kristof urging white rule to return to Africa.  I wrote Kristof a letter about his constant hammering of black male behavior toward women without challenging the wide-spread abuse of women by white men. Continue reading →

Brzezinksi: Global Solutions Can Only Come From Concentrated Power

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This is a brief but candid glimpse into the mind set of the power elite.

Zbigniew Brzezinski, one of the major technocrats of US dominance in the last twenty years and President Carter’s foreign policy advisor, candidly assesses the world in the light of two new developments:

1. The challenge to the Atlantic world (US-Europe), which constitutes the current global political leadership, from a more diverse group – the developing countries, as well as the second world

2. Greater political awakening among the masses than at any other time in history, which obstructs the ability of the leadership to deal effectively with world-wide turmoil Continue reading →

Dennis Gartman: Gold On Its Way Down

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Update:

I wrote this piece before reading about the EU ban.  I have to revise my opinion in light of that. Gartman wasn’t just talking his book, as I thought initially. My apologies.

CNBC  has this from hedge fund manager and newsletter writer, Dennis Gartman:

“Investors should get out of gold immediately as the metal reaches a technical top and is due for a pullback, says Dennis Gartman, hedge fund manager and author of The Gartman Letter Continue reading →

Silver Sues Gold…man….

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Now it’s the turn of film producer Joel Silver to sue Goldman Sachs….leading to headlines that are probably not in the best of taste, if irresistible to logophiles.

Aside: I may be wrong but this looks like a deal that was contingent on finding financing for it, so I don’t know how good a legal case it makes. But there you have the problem with scape-goats, even one so worthy of the role as Goldman Sachs. A whole system, a whole economy, cannot be corrupted solely (and wholly) by one outfit, not unless you subscribe to a “devil theory” of history. Continue reading →

No Reforms Until We Name All the Crooks

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Pam Martens at Counterpunch:

“According to Mr. Duffy, there were 1.6 million (yes, million) contracts traded in the E-Mini S&P 500 in the pivotal hour of 2:00 to 3:00 p.m. New York time.  Each E-Mini trades at 50 times the level of the S&P 500 futures price.  At 1100 on the S&P, that would be $55,000 per contract or about $88 billion (yes, billion) in one hour, an astonishing amount. Continue reading →