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The truth is, Obama has no plan for containing ISIS, much less defeating it. Nor is he planning to get one any time soon. That’s because Obama doesn’t win wars. He lies about them.

Obama and his political allies believe that crime can’t be fought with cops and wars can’t be won with soldiers. The only answer lies in addressing the root causes, which means blaming Islamic terrorism on everything from colonialism to global warming. It doesn’t mean defeating it, but finding new ways to blame it on the West.

The unspoken idea that informs his strategy is that American power is the root cause of the problems in the region. Destroying ISIS would solve nothing. Containing American power is the real answer.

Obama does not have a strategy for defeating ISIS. He has a strategy for defeating America.



One by one, the giant investment funds are quietly switching out of government bonds, the most overpriced assets on the planet.

Nobody wants to be caught flat-footed if the latest surge in the global money supply finally catches fire and ignites reflation, closing the chapter on our strange Lost Decade of secular stagnation.

As of now (late November), roughly $6 trillion of government debt was trading at negative interest rates, led by the Swiss two-year bond at -1.046%. The German two-year Bund is at -0.4%.

The Germans and Czechs are negative all the way out to six years, the Dutch to five, the French to four and the Irish to three. Bank of America says $17 trillion of bonds are trading at yields below 1%, including most of the Japanese sovereign debt market.

This is a remarkable phenomenon given that global core inflation - as measured by Henderson Global Investor's G7 and E7 composite - has been rising since late 2014 and is now at a seven-year high of 2.7%.

Inflationistas in the West have been arguing for six years that the QE-fuelled monetary base is about to break out and take us straight to Weimar or Zimbabwe. They failed to do their homework on liquidity traps.

Yet their moment may soon be nigh. Catalysts are coming into place. Globalization is mutating in crucial ways.



Many observers of American politics still do not quite grasp that Obama will end his presidency by seeking to get his opponents’ goat — and that his resentment will lead to some strange things said and done.

Insidiously and inadvertently, Barack Obama is alienating the people and moving the country to the right. But, counterintuitive as it seems, that is fine with Obama: Après moi le déluge.

By sheer force of his personality, Obama has managed to lose the Democrat Senate and House. State legislatures and governorships are now predominantly Republican. Obama’s own favorable ratings rarely top 45 percent.

In his mind, great men, whether Socrates or Jesus, were never appreciated in their time. So it is not surprising that he is not, as he presses full speed ahead.

Obama certainly has doubled down going into his last year, most recently insisting on letting in more refugees from the Middle East, at a time when the children of Middle Eastern immigrants and contemporary migrants are terrorizing Europe.

What remaining unpopular executive acts might anger his opponents the most?



Your Thanksgiving dinner is going to be less expensive.

This year the average person will need to work 2 hours, 21 minutes and 57 seconds to pay for all the items in a standard Thanksgiving dinner for 10 people -- a work reduction of one minute and 8 seconds from last year. Back in 1986, the average person needed to work 3 hours, 12 minutes and 27 seconds to pay for the same dinner, or 50 minutes and 30 seconds longer than a worker today.

This is the great beauty of the capitalistic system -- in real terms, as measured by the time necessary to work to buy most anything, the price falls year after year.

Life expectancies have continued to grow both in the United States and worldwide (an amazing average increase of about three months per year for the last 150 years) -- despite all of the scare stories about what is going to do you in. Life expectancy is a good proxy for overall levels of health.

Real gross domestic product per capita (inflation adjusted) is now about three times higher than it was in 1950, and can continue to increase forever because of endless innovation and productivity growth (which, of course, is dependent on sensible economic policies).



BoobyI can’t resist starting with this pic I took of a Blue-Footed Booby on Isabella Island in the Galapagos earlier this week. It’s to encourage TTPer Lynda Mae to resume posting her insights on the Forum, as her signature photo on the Forum was of this amazing bird.   Come on back, Mae!


It seems like the theme for this week is derangement, with so many folks doing or saying things that are so estranged from obvious reality that they are mentally unhinged.

The most extreme examples are the ISIS perpetrators of last Friday night’s (11/13) Paris massacre. While “Islamism” or Radical Islam is often characterized as a political ideology masquerading as a religion, what it has become is a clear-cut form of criminal insanity.

Other clear-cut examples of derangement this week were provided by the PIAPS, Lurch, and most obviously, Zero. That he is a traitor requiring impeachment and removal from office we all know. But the 25th Amendment provides another way.

The funniest derangement of the week comes from the racists of BlackLivesMatter and auto-racist white college crybabies. They’re having a temper tantrum meltdown over Moslem terrorists in Paris stealing their headlines. Their 15 minutes of fame is over and it’s just so unfair.



San Andres Island, Colombia. Colombians come to this little Caribbean paradise to get away from it all. But for America and Western Civilization, we cannot escape from the nightmare we are all living in and from which we cannot wake up.

There is no way to wake up from it until we understand its cause. That cause is what connects the evil depravity of murderous Islamic Jihadism with the racist lunacy of BlackLivesMatter, the auto-racism of white student imbeciles at Ivy League universities, and the massively masochistic inability of Europeans to stop and reverse the Moslem invasion of their countries.

In March of 2010, I gave a speech explaining the cause of all this to a group of conservatives. We had not yet reached the culmination of the nightmare that we are experiencing right now. Little action was taken. Unless we act now, the nightmare is going to sweep us and our country and our civilization away. The cost of what we are paying to maintain it any longer is now far too much to bear.

Here is the speech in full for you to absorb. Then we’ll discuss what we can do.

Why Liberals Are More Dangerous Than Terrorists

[Delivered March 5, 2010 to the members of the Council for National Policy, leaders of conservative organizations across America, meeting in Naples, Florida.]

There’s no time to waste here, so I’m going to skip the obligatory warm-up joke and get to the root of the problem.

First, Moslems are not really the problem, neither Moslem terrorists nor Moslem imperialists insisting on their medieval Sharia laws.

Islam is a self-identified religion of the sword.  It cannot be anything else but.  "Islam" is an Arabic word.  It means submission.  Moslems claim this means submit to Allah.  What it really means is submit to them or die.  Just the same as it was for the Communists of the Soviet Union. 

We achieved victory over the Communists of the Soviet Union.  How may we achieve victory over the Moslems of Jihad and Sharia?  Let’s go to Africa to find out.



"He it is who has sent His Messenger (Mohammed) with guidance and the religion of truth (Islam) to make it victorious over all religions even though the infidels may resist." Koran 61:9

Islamic violence is a religious problem.

Islam derives meaning from physical supremacy, so war becomes an act of faith. To believe in Islam, is to have faith that it will conquer the entire world. And to be a true Moslem, is to feel called to aid in that global conquest, whether by providing money to the Jihadists or to become a Jihadist.

The fulfillment of Islam depends on the subjugation of non-Moslems so that violence against non-Moslems become the essence of religion.

Anything that suggests Islam is not absolutely superior becomes blasphemy. When Moslems explode into outbursts of violent rage over seemingly petty things like a cartoon or a video, it is because to them, any loss of face for Islam is the worst kind of blasphemy because it challenges its supremacy.

Truth and power in Islam are identical. It is not a religion of the oppressed, but of the oppressors. Jihad is the force that gives Islam meaning. It is the deepest expression of faith.



As the cleaning crews were mopping up the dried blood from the stage and the seats of the Bataclan concert hall in Paris, a depressing act appeared on stage in distant Iowa.

Saturday night (11/14) the three contenders for the Democrat Party’s presidential nomination took to the stage in Iowa for a debate. The moderator asked them whether they would be willing to use the term “radical Islam” to describe the ideology motivating Islamic terrorists to massacre innocents. All refused.

Like her former boss, President Barack Obama, former secretary of state and Democrat frontrunner Hillary Clinton not only refused to accept the relevance of the term. Clinton refused to acknowledge what radical Islam stands for.

But of course, it is easy to understand what motivates Islamic terrorists. They tell us all the time. They want the world to be run by an Islamic empire. When they are in charge, they will kill, subjugate, convert or enslave all non-Muslims, except Jews. The Jews will be obliterated.

The operational consequences of America and the West’s refusal to acknowledge the nature of the forces waging war against it have been disastrous.



EiffelAfterMathFrance has invoked emergency powers to sweep aside EU deficit rules and retake control over its economy after the terrorist atrocities in Paris, pledging a massive in increase and security and defense spending whatever the cost.

President Francois Hollande said vital interests of the French nation are at stake and there can be no further justification for narrowly-legalistic deficit rules imposed by Brussels. “The security pact takes precedence over the stability pact. France is at war,” he told the French parliament.

Defense cuts have been cancelled as far out as 2019 as the country prepares to step up its campaign to “eradicate” ISIS, from the Sahel in West Africa, across the Maghreb, to Syria and Iraq.



Do not expect to get a higher real rate of interest on your savings — ever. Traditionally, people could expect to receive 2 or 3 percent more than the rate of inflation on their savings or money market accounts.

For instance, if inflation was 2 percent, many people received 5 percent interest per year on their government-insured savings accounts. The IRS would then tax the entire amount of interest received. So, even after inflation and taxes, most received a small, 1.5 to 2 percent real positive rate of return on their savings.

Contrast the current situation with what people traditionally expected. Now, if you are lucky, you may be receiving a half percent or so interest rate, about equal to the rate of inflation, yet the IRS still taxes you on this meager amount even though you have had no real interest income. So, at the end of the year, you are worse off — a negative return — because you did the responsible thing, and that was to save for your retirement or for various emergencies that come along with life.

The following is a simplified but accurate description of how we got into the mess and why the situation will not get better ...


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