His findings, in a paper titled The Financial Crisis of 2015: An Avoidable History, sound a cautionary tale.
The 24-page study outlines how banks, unwilling to accept the lower returns on equity that result from requirements to carry higher levels of capital, could inadvertently be fuelling a new asset bubble by chasing [...]
Historian Niall Ferguson warns that the West may be at a turning point. Western dominance may be coming to an end.
*In the 15th century the most advanced civilizations were found in the Orient, such as Ming Beijing in China and the Ottomans in the Near East. In contrast, Europe suffered from disease, poor sanitation [...]
A double agent and his long-overlooked chief handler together pulled off one of the most remarkable deceptions in Israeli intelligence history.
The crowning achievement of Operation Yated was the transfer of false information to Egypt in 1967, on the eve of the Six-Day War. Bitton told the Egyptians that according to the war plan [...]
…the only way out of the dilemma, absent very large entitlement cuts, is to default in one (or a combination) of four ways: 1) outright via contractual abrogation – surely unthinkable, 2) surreptitiously via accelerating and unexpectedly higher inflation – likely but not significant in its impact, 3) deceptively via a declining dollar – currently [...]
China says the United States is increasing its military presence in the Asia-Pacific region, which is becoming more “volatile”.
In the document, released on Thursday, China gives a downbeat assessment of the regional security situation.
“Profound changes are taking shape in the Asia-Pacific strategic landscape. Relevant major powers are increasing their strategic investment,” it [...]
Senior Libyan rebel “officers” sold Hizballah and Hamas thousands of chemical shells from the stocks of mustard and nerve gas that fell into rebel hands when they overran Muammar Qaddafi’s military facilities in and around Benghazi, debkafile’s exclusive military and intelligence sources report.
Word of the capture touched off a scramble in Tehran and among [...]
When water is heated to 149F (65C) for 5 minutes, then it pasteurized and safe to drink. The WAPI is a simple $7 indicator that tells you when you have reached the correct temperature. I have provided a link below if you wish to buy one.
A Water Pasteurization Indicator (WAPI) is a simple thermometer [...]
This is a super-efficient small cooking stove. There is a fuel chamber in the bottom for wood. Above that is a brick lined chamber to bring up all the heat to the stove top. This is great for camping or an emergency.
This is a video review of the StoveTec Rocket Stove. If you’re looking [...]
Extremely versatile, portable, and incredibly fuel efficient, this award-winning charcoal cooker grills, smokes, bakes, roasts, fries, and boils for a limitless menu of gourmet meals in the great outdoors. Weighing just 8 pounds, the cooker is great for fishing, picnicking, tailgating, boating, hiking, and beach cookouts where rolling the conventional grill from car to cook [...]
The first sign is the fact Bill Gross, head of the world’s largest bond fund (PIMCO), has just sold all his domestic government bond holdings. Every single dollar.
The next “tell” of economic disaster is even more ominous. Wall Street insiders are startled at how much money the Fed is pumping into the financial [...]