Persistent Delusion Among the American and NATO Defense Establishment

US Southern Command announced that its forces blew up another alleged drug-running boat in the waters of Latin America on Friday, killing at least three people. SOUTHCOM said the boat was targeted in the Eastern Pacific Ocean, and, as usual, the command offered no evidence to back up its claim that the small vessel was […]

Enablers Submitted by QTR's Fringe Finance There’s an obvious growing failure at the center of modern markets that, as a former short seller, has become beyond obvious to me over the years. It isn’t just fraud or aggressive accounting. It’s the ecosystem that allows both to thrive: financial media that won’t press, and a sell side that won’t risk upsetting management teams they depend on for access. We’ve seen this movie before. Enron did not implode because there were no warning signs. It imploded because the warning signs were inconvenient. There were whistleblowers. There...

“When men hire themselves out to shoot other men to order, asking nothing about the justice of their cause, I don’t care if they are shot themselves.”