Italy Embracing Populism is a Major Headache for Europe

For years Italy’s Northern League kept to itself, being focused on secession rather than reform from within.  That change began last year with their non-binding referenda to petition Rome for more fiscal autonomy.  But, as the Italian parliamentary elections come into view, the Northern League is playing politics. And doing it well. Having made a … Continue reading Italy Embracing Populism is a Major Headache for Europe

The FISA Memo is All the Ammunition Trump Needs to Take on the CIA

FISA is an abomination. Let’s get that out of the way. And since I don’t believe there are any coincidences in U.S. or geo-politics, the releasing of the explosive four-page FISA memo after Congress reauthorized FISA is suspicious. Former NSA analyst (traitor? hero?) turned security state gadfly Edward Snowden came out in favor of President Trump vetoing … Continue reading The FISA Memo is All the Ammunition Trump Needs to Take on the CIA

Crypto-Carnage Gives Way to Steadying Prices

The meltdown this week in cryptocurrencies is very likely a near-term bottom.  The expiration of the first CBOE futures contract seemed to play a role in the violent moves in prices. The steady stream of conflicting rhetoric from regulators around the world didn’t help matters.  But, this is to be expected as once we see … Continue reading Crypto-Carnage Gives Way to Steadying Prices

South Korea Meets the Reality of Decentralization — Can’t Stop the (ex)Change that’s Coming

Zerohedge just posted the most important headline in the crypto-space this morning.  There comes a point where all the power in the world along one vector is useless along another.  While Koreans may be trading on these cryptocurrency exchange how are regulators in Korea going to stop them from trading on exchanges in the U.S. … Continue reading South Korea Meets the Reality of Decentralization — Can’t Stop the (ex)Change that’s Coming

Did Russia Just Build Putin the Batmobile?

Take a look at the picture above.  On the left is Russian President Vladimir Putin's new ride. On the right is the Batmobile from the classic Batman: The Animated Series of the early 1990's. Tell me one didn't inspire the other. The big thing about this new car for Putin is that it is completely … Continue reading Did Russia Just Build Putin the Batmobile?

Perverse Incentives and the Rise of Crypto

Governments created cryptocurrencies.  Policy decisions from the most mundane regulations like pet licensure to the big ones like the bank bailouts after the fall of Lehman Bros. pushed the alliance of hard-money advocates and cryptography experts together to form Bitcoin. From its earliest days, Bitcoin advocates understood why they were spending their time developing its … Continue reading Perverse Incentives and the Rise of Crypto

We’re All al-Qaeda Now Thanks to Trump’s Syria Policy

There is no longer any excuse for U.S. policy in Syria.  No longer can we simply blame the Obama administration for creating ISIS, which it did.  No more can we be outraged at Obama for using ISIS and al-Qaeda as our proxies for overthrowing the Assad government in Syria. The war in Syria should be … Continue reading We’re All al-Qaeda Now Thanks to Trump’s Syria Policy