Gradually, Then Suddenly

Over the past century, monetary systems change about every 30–40 years on average. Before 1914, the global monetary system was based on the classical gold standard. Then in 1944, a new monetary system emerged at Bretton Woods. Under that system, the dollar became the global reserve currency, linked to gold at $35 per ounce. In…

Read More

No Reverse Gear: Biden Only Knows Escalation When It Comes to War

Geopolitical commentator Alex Christoforou coined the phrase “no reverse gear” to describe the foreign policy of the Biden administration and its allies in NATO. The idea is that no matter how many fiascoes and military losses pile up, Biden and his allies won’t step back or use diplomacy to settle differences. Instead, they escalate, spend…

Read More

Vance Wins VP Debate. The Losers? Walz and CBS News

I watched the vice-presidential debate between JD Vance and Tim Walz live. The bottom line is that Vance won and Walz lost. Vance appeared relaxed and comfortable in the limelight. Obviously, he had engaged in extensive debate preparation that was crammed full of relevant facts. But he presented himself in a dignified way and was able to…

Read More

Election Headed for Photo Finish

It’s hard to believe, but the election is now under a month away. How does the race look today? Let’s talk about the polls. Polls are an indispensable tool in election analysis and forecasting despite many flaws. The first thing to say about polls is that they’re snapshots, not movies. They help you understand where…

Read More

Mideast Tinderbox Set to Explode

There’s so much happening right now, including last night’s vice presidential debate, it’s hard to know where to begin. But yesterday’s attack by Iran on Israel needs to be addressed because of its potentially massive implications. Iran launched a major missile attack against Israel, in apparent retaliation for recent Israeli attacks upon Iranian proxy Hezbollah…

Read More