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Ho ho ho! It’s that time of year again. Here’s JHK’s holiday classic: A Christmas Orphan.

11-year-old Jeff Greenaway hears his mom and dad argue one night after an office Christmas party. He infers from their garbled squabble that he is an orphan, found in a willow basket on the welcome mat outside their New York apartment. Thinking now that his parents are imposters, he steals away to Grand Central Station and buys a train ticket to Drakesville, Vermont, where he intends to start life all over again.
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Change They Don’t Believe In

The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance. The desperate antics of central banks to cover up financial failure can’t help but provoke political upheaval, including war. more »

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She’s Back!

And so, from the dormant volcano that is American politics, out comes Hillary, like Rodan the Flying Reptile pretending to be Granny Goose. Now that she is officially flapping around the electorate, the excitable mainstream press reports the initial caw-caw-cawing of her campaign: it will be “based on diversity, discipline and humbleness.” These are endearing more »

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The School of Globalism

“…we may be headed into a world where capital is abundant, deflationary pressures are substantial and demand could be in short supply for quite some time.” —Lawrence Summers, former Secretary of the Treasury Professor Summers must be reading Ben Bernanke’s new blog. Or maybe he’s writing it for walking-around money. At $250,000 a pop for more »

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The Way Out

It’s not what most people think: a return to some hypothetical “normality,” with the ghost of Ronnie Reagan beaming down like a sun-god under his lopsided pompadour, and all the happy self-driving GM cars toodling back and forth from WalMart-to-home loaded to the scuppers with new electric pop-tart warmers and 3-D underwear printers. (Or drone more »

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Kicked to the Curb

I begin to understand why the death of Ferguson, Mo, teen Michael Brown sent such shock waves through America last year. He truly symbolized our country: an overgrown, oafish, wannabe thug making one bad choice after another until his final, suicidal lurch against authority — followed by all the exculpatory lying on his behalf: the more »

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American Amoeba

The money-moving world waits on tenterhooks for the Wednesday appearance of America’s oracle, Janet Yellen, to step out of her grotto and state whether or not she feels twinges of patience. Wikipedia notes that Pythia, the original priestess of Delphi “…delivered oracles in a frenzied state induced by vapors rising from a chasm in the more »

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truthinesslessness

Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing! Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure enough more »

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Heroes and Villains

The poet W.B. Yeats was right in 1919 when he said the center cannot hold, as if, following the first great industrial slaughter of modern times, he discovered the lethal vacuum at the center of modernity itself. There was a lot to be nervous about after the First World War. And right away, of course, more »

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How Goes the War?

Oh, you didn’t notice that World War Three is underway, actually has been for more than year? Well, that’s because most of it has been taking place in the banking sector, which for most people is just an alternative universe of math. The catch, which many people either miss or don’t care about, is that more »

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Welcome to World War Three

In case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” Those gouts of blood spilled on a Libyan beach amount to ISIL’s welcome mat to the mass execution of the Euro-American west. The dignity of a more »

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All Twerked Out

Bruce Jenner’s journey to transgender sainthood was interrupted Saturday on the road to Malibu, and with it perhaps the Kardashian Klan’s hopes and dreams for achieving supremacy of the known universe. All of America was twerking at the news because that is what we do and who we are now. The nation’s attention these blizzardy more »

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Apocalypse Now and Forever

As a political psychoanalyst I find the Super-bowl halftime show the best concise index of how psychotic American culture is becoming from year to year, and the 2015 version signaled a complete break from reality, a nightmare of twerking robots in a hall of mirrors, as if America had utterly surrendered its tattered soul to more »

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The Broken Template

The more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama floated past the assembled vassalage of government last week in another grand effort to avoid the necessities of the moment. Those necessities include freeing a hostage public from the tyrannical clutches of more »

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A Solemn Pause

Events are moving faster than brains now. Isn’t it marvelous that gasoline at the pump is a buck cheaper than it was a year ago? A lot of short-sighted idiots are celebrating, unaware that the low oil price is destroying the capacity to deliver future oil at any price. The shale oil wells in North more »

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The Clash of Civilizations

The big turnout in Paris was bracing but it also might reveal a sad fallacy of Western idealism: that good intentions will safeguard soft targets. The world war underway is not anything like the last two. Against neo-medieval barbarism, the West looks pretty squishy. All of the West is one big fat soft target. Recriminations more »

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A Cool Interval

For the moment, while the racial grievances of 2014 have chilled on the polar vortex, and no unarmed black teens have been shot by cops for a couple of weeks, it might be a good time to continue that honest discussion about race that the media nabobs — such as Charles Blow and Nicholas Kristof more »

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The Trigger

The futility of politics in America these days has driven the public into exactly the dream-state of zombie blood-lust depicted in so many popular video fantasies, a nightmare of decay, powerlessness, and degeneracy matching the actual condition of a disintegrating polity that has lost collective consciousness and seeks only to infect the dwindling numbers of more »

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If Wishes Were Loaves and Fishes

Janet Yellen and her Federal Reserve board of augurers might as well have spilled a bucket of goat entrails down the steps of the mysterious Eccles Building as they parsed, sliced, and diced the ramifications in altering their prior declaration of “a considerable period” (that is, before raising interest rates), vis-à-vis the simpler new imperative, more »

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Crash-O-Matic Finance

“Oil prices have dropped $50 a barrel. That may not sound like much. But when you take $107 and you take $57, that’s almost a 47 percent decline…!” –James Puplava, The Financial Sense News Network May not sound like much? I guess when you hunker down in the lab with the old slide rule and more »

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Now Eric Garner

The Beauty Shop had barely stopped smoldering in Ferguson, Missouri, when the Eric Garner grand jury decision came down on Staten Island — no probable cause to indict one particular cop for something — manslaughter? — in his choke-hold take-down of the 300-pound cigarette-seller. For my money, they should have indicted the whole gang of more »

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Ferguson

The climactic uproar in Ferguson, Mo., a week ago took a zany turn when the “we want peace” message of Michael Brown’s family rotated 180 degrees to the imperative command, “burn this bitch down,” hollered repeatedly by stepfather Louis Head outside the grand jury headquarters as the decision was announced. The assembled crowd dutifully obliged more »

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Buy the All Time High

Wall Street is only one of several financial roach motels in what has become a giant slum of a global economy. Notional “money” scuttles in for safety and nourishment, but may never get out alive. Tom Friedman of The New York Times really put one over on the soft-headed American public when he declared in more »

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The Instability Express

The mentally-challenged kibitzers “out there” — in the hills and hollows of the commentary universe, cable news, the blogosphere, and the pathetic vestige of newspaperdom — are all jumping up and down in a rapture over cheap gasoline prices. Overlay on this picture the fairy tale of coming US energy independence, stir in the approach more »

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The Fate of the Turtle

Anybody truly interested in government, and therefore politics, should be cognizant above all that ours have already entered systemic failure. The management of societal affairs is on an arc to become more inept and ineffectual, no matter how either of the current major parties pretends to control things. Instead of Big Brother, government in our more »

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Signs and Wonders

“Holy smokes,” Janet Yellen must have barked last week when Japan stepped up to plug the liquidity hole left by the US Federal Reserve’s final taper trot to the zero finish line of Quantitative Easing 3. The gallant samurai Haruhiko Kuroda of Japan’s central bank announced that his grateful nation had accepted the gift of more »

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