What We’re Watching

In no particular order and with no ranking of importance as we see it: Global seismic and geothermal activity. Are the events linked and if so will activity increase? Japanese monetary policy. Will Abenomics finally implode and take the Japanese bond market with it? The US presidential race. What happens with and around Trump may Continue reading »

WIDENING DIPLOMATIC HORIZONS FOR ISRAEL

***The History of the State of Israel: A Brief Version.

In this essay,Paul’s updates Israel’s options in the Middle east in light of recent geopolitical developments. We present this essay reprinted by permission of Paul and from The Bayview Review. See the links at the end for direct access to the rest of Paul’s work.

In May of 1948 the newly-proclaimed State of Israel was forced to defend its right to life as its neighbours, the five Arab nations of that time, assisted by volunteer legions from around the Muslim world, invaded it with the purpose of strangling it in its cradle.

With the exception of Egypt, the Arab nations of that day were not significantly older than Israel was. They had come into the world in consequence of the withdrawal of Britain and France from the responsibilities of imperialism. Egypt had of course been around for a very long time; but the last King of Egypt (does anyone here remember King Farouk?) lost the last few shreds of his dignity when his armed forces failed to crush the Jewish state and he was quickly overthrown (1952.) As for the other Arab nations, the Kingdoms of Iraq, Jordan and Syria,  all had been in effect colonies of either Britain or France until granted independence:  Iraq in 1932, Syria in 1945, Jordan (then Transjordan) and Lebanon in 1946.

ISRAEL’S CAUSE IS THE CAUSE OF CIVILIZATION

Viewing the history of Israel, Paul notes the contrast between the idealism that created the state and the widespread antisemitism that imbues western academia, the MSM and the UN. We present this essay reprinted by permission of Paul and from The Bayview Review. See the links at the end for direct access to the rest of Paul’s work.

The Creation of the Modern State of Israel.

Israel was a brand plucked by the United Nation General Assembly from the wreckage left behind by Europe’s second failed suicide. CF

The decision to Partition the Palestine Mandate, carried by a two-thirds majority of the members of the United Nations General Assembly (November 29, 1947), was in fact the first matter of substantial geopolitical significance made by the brand new organization that called itself “The Parliament of Mankind.”Realistically speaking it was made possible because a commanding portion of the leadership of the United Nations was held, in those earliest days, by nations of the West, most of them democracies, and the most important of these ribs-out-of the side of the British Empire.

THE ERADICATION OF WESTERN CIV AND THE TRIUMPH OF MINDFULNESS.

Paul discusses the dumbing down of university arts curricula and the eradication of Christian values. We present this essay reprinted by permission of Paul and from The Bayview Review. See the links at the end for direct access to the rest of Paul’s work.

How Mindfulness  Replaced Christian Faith.

Up until about sixty years ago, all Universities in our part of the world regarded themselves as the ultimate custodians of the best parts of our intellectual tradition. Another way of saying the same thing was that they embodied Western Civilization. 

One way in  which most of them discharged their responsibility (or so they thought) was to impose a required core curriculum, in which a fixed component was the course in History of Western Civilization.

AUTONOMOUS ASSYRIA: The Only Possible Solution to the Arab World’s Terminal Disorder.

WHY THE MIDDLE EAST IS FLYING APART

In this essay Paul returns to the topic of the Middle east. We present this essay reprinted by permission of Paul and from The Bayview Review. See the links at the end for direct access to the rest of Paul’s work.

Who can doubt that the entire Middle East is getting closer every day to the brink of chaos?

The Syrian Arab Republic. .

Inevitably, some parts of the Middle East are closer to that day than others. But to get some sense of how rapidly things move from apathy to chaos in that region, we recall that when, back in December 2010, the presenters on global television news-shows discovered  the arrival of the Arab Spring,  all the experts to whom they turned agreed that the most secure regime in the region was that of the Bashir al-Assad in Syria. American governments going back at least to Nixon and including the current Obama government had publicly declared their confidence that the Assad regime was making a deliberate and cautious transition to democracy – very soon. Even as the first signs of “Spring” were appearing in Damascus, Secretary of State Hillary Clinton, in a statement of March 27, 2011, expressed agreement with “many of the members of Congress of both parties who have gone to Syria in recent months [and] have said they believe he[Bashir al-Assad] is a reformer.” (“The Impending Implosion of Syria,” August 12, 2012.)

The Japanese Economy: Harikari in Slow Motion

Motivated by three recent articles by Zero Hedge and Mike Shedlock: In Shocking Finding, The Bank Of Japan Is Now A Top 10 Holder In 90% Of Japanese Stocks, Bank of Japan Owns Over Half of Japanese ETFs; Why Stop There?, and Bank of Japan Corners 33% of Bond Market: All Japanese Bonds, 40 Years and Below, Yield 0.3% or Less, we decided to take a closer look at the Bank of Japan (BoJ), particularly its balance sheet.

There is widespread agreement that this will end badly. No one, however, has any idea whether it blows up this month, this year or whenever. In this article, we explain the the nature of the problem and possible signs of the tipping point being reached. When it does blow, the shock waves will cascade through all economies.

What We’re Watching

In no particular order and with no ranking of importance as we see it:

  1. Global seismic and geothermal activity. Are the events linked and if so will activity increase?
  2. Japanese monetary policy. Will Abenomics finally implode and take the Japanese bond market with it?
  3. The US presidential race. What happens with and around Trump may be pivotal.
  4. Economic themes. NIRP, the cashless society, the inflation debate and bail-ins.

The Ontario Jobs Picture in March: Treading Water – Sharks Nibbling

This month we change our reporting format to more of a streamlined summary. For data we use the Ontario labour market component  from Statistics Canada: CANSIM Table 282-0087, Labour force survey estimates (LFS), by sex and age group, seasonally adjusted and unadjusted monthly, and CANSIM Table 282-0088, Labour force survey estimates (LFS), employment by North American Industry Classification System (NAICS), seasonally adjusted and unadjusted.

Sam Collins – April, 2016

The month below:

WHERE DID AMERICAN POLITICS GO BAD?

Moving away from the geopolitics of the Middle east, Paul, in this essay, outlines the American electoral process. The key to understanding the nature of any democracy lies not in how voting is conducted so much as how candidates are chosen. We present this essay reprinted by permission of Paul and from The Bayview Review. See the links at the end for direct access to the rest of Paul’s work.

***A Brief and Inadequate History of the Primaries.

Throughout most of my adult years I earned my bread teaching the History of the United States — in California for four years (1964-1968) and thereafter in Ottawa at Carleton University. I have always prided myself on my knowledge of the American political system — how it works now and how it worked in the past. But now there has come a moment of panic-fear that I never understood it at all. Perhaps it serves me right. 

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