I made a few comments about the world’s self-identified “elite”,
and also about the migrants that are plaguing
width="1"> Happily, I was able to do some one stop shopping on
both of these topics when I was in New York to attend a very
elitist and Globalist conference. I’m not going to name it because
its organizers/sponsors are business partners of
"articleBody">And since they spent multi millions putting it
together, and I pretty much despised their invitees, I’m not about
to identify it exactly. Just let me say that the conclave has
aspirations to become another Council on Foreign Relations,
Bilderberg, Bohemian Grove, Atlantic Council, or Davos. Same kind
of people, same ideas. Uniformly bad ideas. But ideas that the
public has been brainwashed into thinking are good.
"articleBody">A lot of people are afraid these groups control the
world, or at least governments. They don’t. They’re social
gatherings for high level government employees and NGO types who
like to network, and feel relevant. And lots of their minions, who
enjoy the rich food, pretending they’re big shots too, while
listening to pontifications by actual big shots. They hope they can
cozy up to them, close enough to ride a richer gravy
"articleBody">The avowed purpose of this conclave was to “build the
public private partnership”—the exact definition of fascism. So
there were also lots of big league corporate types who want to
“make a difference”, and rich guys who want to be known for
something besides having money.
program opened with Warren Buffett’s talk about how he didn’t need
$50 billion, didn’t believe anybody else did either, and why he was
a “philanthropist” who would give it all away. The avuncular
Buffett is an investment genius; I enjoyed and agreed with
everything he said on investing. But, like his friend Bill Gates,
he’s also an autistic idiot savant. That’s someone who is
a genius at one thing, and a fool at most everything
"articleBody">Most people assume that if you know about investing,
you must also know about economics, which is a related discipline.
But that’s completely untrue. It’s analogous to thinking that
someone who knows how to drive a car also knows how one works.
Economics is the study of how men go about producing and consuming;
investing is the practice of allocating capital for maximum
returns. Buffett’s grasp of economics is shallow, conventional, and
unrelated to his success as an investor.
"articleBody">Furthermore, if Buffett was really a philanthropist
he wouldn’t dissipate his $50 billion on poor people in Third World
countries (which is where I suspect most of what’s left after
administrative expenses will go). That will assuage some liberal
guilt, but will vanish without a trace like water poured into the
And actually just make the root
problem worse in many ways. If he really wants to help his fellow
man, he would continue compounding capital at 20%, forever. Capital
makes the world wealthy; consuming or frittering away capital makes
the world poor. But enough on Buffett. He only exasperated me for
about 40 minutes out of two full days.
worse was George Soros. He spent his time not just passively
endorsing (like Buffett), but actively promoting disastrous
policies. In essence, these were his major
"articleBody">1) Brexit should be overturned, regardless of the
2) The EU should spend at least $200
billion a year (in addition to what individual countries spend)
both to make migrants welcome, and to install a Marshall Plan for
3) All of Europe should import
migrants at least proportionally to the 1mm entering Germany. He
recognized that the migrants represent an “existential crisis” for
Europe, but believes the solution is to accommodate
4) The EU should actively arm against
5) The EU in Brussels should be
granted the right to tax.
"articleBody">As I listened to him I felt I’d been transported to
Bizzarro World, or perhaps some magic land from Gulliver’s Travels,
where everything is upside down, wrong is right, and black is
white. Just as much of Soros’ presentation was on
migration, so was much of the rest of the conference. It’s very
much on the minds of the “elite”.
"articleBody">His new Marshall Plan would consist of Europe and the
US sending trillions to African governments to develop the
Continent. Strange, really. Africa has received about a trillion of
foreign aid over the last 50 years; that capital has either been
wasted on uneconomic boondoggles, or shipped off to the bank
accounts of the ruling class. Soros is far from naïve; he’s got to
"articleBody">I wonder what he actually hopes to accomplish, and
why? After all, he’s 84 years old, and doesn’t need any more money.
Well, it’s hard to be sure how some people’s minds are wired. And,
as The Phantom once asked, “Who knows what evil lurks in the hearts
"articleBody">Incidentally—completely contrary to conventional
wisdom—I consider the much lauded Marshall Plan to have been an
unnecessary and destructive boondoggle. But this isn’t the moment
to explain why that’s true.
As I said above, the Summit was
centered on migration. I’ve recently commented on the subject, and
will reiterate a few points below before returning to the views of
the Globalists and self-identified Elite.
"articleBody">A Word on
me start by saying I’m all for immigration and completely open
borders to enable opportunity seekers from anyplace to move
anyplace else. With two big, critically important,
"articleBody">1) there can be no welfare or free government
services, so everyone has to pay his own way, and no freeloaders
2) all property is privately owned, to
minimize the possibility of squatter camps full of
"articleBody">In the absence of welfare benefits, immigrants are
usually the best of people because you get mobile, aggressive, and
opportunity seeking people that want to leave stagnant and
repressive cultures for vibrant and liberal ones. That was the case
with the millions of immigrants who came to the US in the late 19th
and early 20th centuries. And they had zero in the way of state
"articleBody">But what is going on in Europe today is entirely
different. The migrants coming to Europe aren’t being attracted by
opportunity in the new land so much as the welfare benefits and the
soft life. Western Europe is a massive welfare state that providing
free food, housing, medical care, schooling, and living expenses to
all comers. Benefits like these will naturally draw in poor people
from poor countries. For the most part they’ll be unskilled, poorly
educated, and many will have a bad attitude. The question arises
why—since they’re almost all Muslims—they aren’t being welcomed by
Saudi Arabia, the UAE, Qatar, or Brunei, which are wealthy Muslim
"articleBody">What we’re talking about here is the migration of
millions of people of different language, different race, different
religion, different culture, and different mode of living. If
you’re an alien and you’re 1 out of 10,000, or 1000, or even 100,
you’re a curiosity, an interesting outsider. And you’d have to
integrate in the new society. But an influx of millions of migrants
can only destroy the old culture. And guarantee
antagonism—especially when the locals are forced to pay for it. In
many ways, what’s happening now isn’t just comparable to what
happened 2,000 years ago with the migration of the Germanic
barbarians into the Roman Empire. It’s potentially much more
"articleBody">Although most of the migration will be out of Africa,
it’s supposed to be official Chinese policy to migrate about 300
million Chinese into Africa in the years to come. They’re employed
in building roads, mines, railroads and other infrastructure. The
Africans like the goodies, but don’t like the Chinese. It has the
makings of a race war a generation or so in the
"articleBody">The problem won’t only be tens or hundreds of
millions of Africans migrating to Europe, but tens or hundreds of
millions of Chinese migrating to Africa. The EU is a
huge aggravating factor with the migrant situation. Brussels is
full of globalists and doctrinaire socialists who not only promote
bad policies, but make the whole continent pay for the mistakes of
its most misguided members.
The migrants, who are manifestly unwelcome in Hungary, Poland, and
other Eastern European countries, will prove another big impetus
for the breakup of the EU. Millions of Africans will want to
emigrate, especially to the homelands of their ex-colonial masters
in Europe. The colonizers are now themselves being colonized. Fair
enough, I suppose; a case of the sins of the father truly devolving
upon the sons.
If I was an African from south of the Sahara, I’d absolutely try to
get to Italy or Greece or France or Spain or on my way to Northern
Europe to cash in on the largesse of these stupid Europeans. I’m a
fan of what’s left of Western Civilization. I hate to see it washed
away. But that’s what will happen if the floodgate is opened.
"articleBody">Unless the Europeans get in front of this situation,
it’s not just some refugees from the Near East they’ll have to deal
with. Especially with the economic chaos of The Greater Depression,
it’s going to be many millions from Africa, and then perhaps
millions more from Central Asia, and even India and Bangladesh. The
world is becoming a very small place. What happens when scores of
thousands of migrants set up a squatter camp someplace—with no
food, shelter, or sanitary facilities? What will happen when there
are scores or hundreds of squatter camps? Unlike the Goths and the
Vandals, who became the new aristocracy, the chances of the
Africans integrating is essentially zero.
"articleBody">The situation is likely to be most
"articleBody">Some will say “But you have to be charitable, you
can’t just let them starve because they’ve had some bad luck”. To
that I’d say an individual, or a family, can have some bad luck.
But the places these people come from have had “bad luck” for
centuries. Their bad luck is the consequence of their political,
economic, and social systems. Their cultures—let me note the
elephant in the room—are backward, degraded, and unproductive. It
makes no sense, it’s idiotic, to import—at huge expense—masses of
people that have a culture of “bad luck”.
"articleBody">On just one day recently, the Italian Coast Guard
rescued 10,000 Africans off the Libyan coast—almost all men from
Guinea, Gambia, Nigeria, and neighboring countries—and transported
them to Italy. It’s hard to see them ever going back home. But it’s
certain they’ll encourage they’re friends and families to join
The situation can only get worse. Why?
In 1950, the 250 million Africans were only 9% of the world’s
population; it’s 27% now, but there will be 4 billion, for 40%, in
"articleBody">Making that observation is highly politically
incorrect, and presumably racist. I’ll have more to say on racism
in the future. But the fact is that Africa has always been an
economic basket case; if Vasco Da Gama had thrown out a wheel when
he was rounding the Cape, he would also have had to throw out an
instruction book on how to use it. But nobody could have read
"articleBody">Be that as it may. But Europeans made things worse
when they conquered the continent and divided it up into political
entities that made zero sense from a cultural, linguistic,
religious or tribal viewpoint. That guaranteed chaos for the
indefinite future. That’s why it’s always a mad scramble to get
control of the government in these countries, in order to loot the
treasury, entrench ones cronies, and punish ones enemies. Until
there’s a bloody revolution, and the shoe goes on another
"articleBody">Here’s the takeaway. The population of Africa is
going up by several billion people in the years to come. The net
wealth of the continent is going nowhere. The locals will want to
move wholesale to Europe, where the living is easy. And where the
politically correct Cultural Marxists are anxious to destroy their
Meanwhile, there are hundreds of think
tanks in the U.S. alone, most located within the Washington Beltway
who believe that these people should be encouraged to migrate, or
imported en masse. They’re populated by partisan
academics, ex-politicos, retired generals and others circulating
through the revolving doors of the
"articleBody">They’re really just propaganda outlets, funded by
foundations, and donors who want to give an intellectual patina to
their views and, to use a popular phrase, “make a
"articleBody">Think tanks, and their cousins, the lobbyists and the
NGOs, are mostly what I like to call Running Dogs, who act as a
support system for the Top Dogs in the Deep State. Their product is
“policy recommendations,” which influence how much tax you have to
pay and how many new regulations you have to obey. Think tanks are
populated almost exclusively by people who are, simultaneously,
both “useful idiots” and “useless mouths.” They’re no friends of
the common man.
"articleBody">The migration policies they’re promoting are creating
minor chaos now. With world-class chaos in the wings.
Let me repeat, and re-emphasize, what
I said earlier. The free-market solution to the migrant situation
is quite simple. If all the property of a country is privately
owned, anyone can come and stay as long as he can pay for his
accommodations. When even the streets and parks are privately
owned, trespassers, beggars, squatters, migrants, vagrants and the
like have a problem. A country with 100% private property, and zero
welfare, would only attract people who like those conditions. And
they’d undoubtedly be welcome as individuals. But “migration” would
"articleBody">This is how the migration problem could be solved.
You don’t need the government. You don’t need the army. You don’t
need visas or quotas. You don’t need laws. You don’t need treaties
to solve the migration problem. All you need is privately owned
property and the lack of welfare benefits. Instead,
think tanks will come up with some cockamamie political solution.
But the good news is that it will speed up the disintegration of
"articleBody">My prediction that the Continent will one day just be
a giant petting zoo for the Chinese is intact—assuming the current
wave of migrants approve. There will also be an exodus of capital
and people from Europe to parts of Latin America, plus to the U.S.,
Canada, Australia, and New Zealand. This is, obviously, bad for
Europe and good for the recipient countries, since these emigrants
will be educated and affluent.
But, having said that, let me take you
back to the conference where migration was a major topic of
discussion by the elite.
"articleBody">Back to the
Conference "articleBody">Those are my thoughts on the topic of migration.
Here’s what other attendees thought….
"articleBody">I spent a couple of hours listening to a panel
entitled “Corruption in Latin America”. A bunch of ex-Presidents
commiserated on how awful corruption is, and how new laws ought to
be passed to stamp it out once and for all. They were all skilled,
even enthusiastic, bullshit artists, who knew how to blather
meaninglessly, saying nothing. They all agreed that illegal drugs
were a major cause for corruption, but nobody thought to mention
that maybe the problem wasn’t the drugs, but the fact they were
None of these people understood the
actual causes and the nature of corruption. Which is ironic, since
most of them were quite wealthy—something that’s hard to do on a
Third World politician’s salary.
"articleBody">One especially naive panelist, representing the US
State Department, said “many see the private sector as part of the
problem”. What, one might ask, actually causes the
"articleBody">The short answer was supplied by Tacitus 1900 years
ago. He said “The more numerous the laws, the more corrupt the
State”. That’s because the laws invariably have economic
consequences, benefiting one group at the expense of another. The
most practical way to obviate them is by paying off an
"articleBody">Naturally, nobody even broached the subject that laws
themselves cause corruption. And corruption is actually not only
necessary, but is encouraged, whenever economic laws are passed.
Plan your life around corruption remaining endemic, no matter how
much self-righteous apparatchiks blather on about it at
listened to David Petraeus offer solutions to the world’s problems.
They were what you might expect from an ex-general and CIA
director. To David it’s all about using force and money
“intelligently”. It never seemed to cross his mind that adventures
like those in Iraq and Afghanistan ($6 trillion and counting, to
accomplish absolutely nothing) might actually bankrupt the US. Or
that he was intimately involved in the ongoing
"articleBody">My takeaway is that, after David collects say $20
million in the “private sector”, we’ll see him resurface as a
candidate for the US Presidency. He’s smooth, polished, and
confident. I was somewhat surprised that some general wasn’t tapped
this election for a VP slot, since the military is the US
Government’s most trusted branch by far. Rest assured there will be
a general running in 2020.
"articleBody">Donald Rumsfeld also held the stage for 40 minutes.
He was affable, likable, and entertaining, as are many sociopaths.
Not even the faintest acknowledgement passed his lips about how the
current migrant disaster was rooted in his unprovoked attacks on
backward countries on the other side of the world. But why should
he care? He’s already collected his $20 million in the “private
sector” after many years of “service”.
"articleBody">The Migration Round
highlight was listening to a Round table on “The Public/ Private
Partnership on Migration”. It might as well have been a meeting of
the Soviet politburo, where everyone implicitly accepted the same
totally flawed principles, speaking seriously and sincerely to each
other about how they plan to change the world. These people were
mainly interested in reinforcing each others views, like a
conversation on NPR.
"articleBody">How to solve the refugee/migrant situation? No
solutions were proposed by any of the 40 high government officials
and think tank big shots. Everybody’s attention focused on two
things: how awful the situation is, and how they can feed, clothe,
and house the masses. I was amused at the sight of parasites
talking to parasites about parasites.
"articleBody">References were made to “broader economic
integration”, a nebulous phrase that can mean almost anything, and
no references at all to freer markets. There were continual
references to a “partnership” between the public and private
sectors. It made me feel I was among aliens. How can there be a
partnership between producers, and those who not only steal 50% of
the production, but then want to direct where the remainder goes.
These people all seemed to believe that if you earned money, you
didn’t deserve to keep it. But if you needed money, you were
entitled to it.
"articleBody">There was a discussion about how the crisis that
started in 2007 has set back the progress of Africa. But zero
discussion of what caused the crisis. Or what would happen when it
stated up again (which is happening right now). The only discussion
of how to create prosperity was about Special Economic Zones—areas
insulated from the taxes and regulations affecting the rest of the
country. Needless to say no one thought to ask why an entire
country couldn’t become an SEZ.
"articleBody">A question occurred to me about the several hundred
thousand refugees/migrants that still might be imported to the
US—although it’s much less likely with Trump as the President:
Exactly who will pay for them, and how much will the pleasure of
their company cost? These people have nothing but the rags on their
"articleBody">Will they be ferried to the US on commercial
airliners? When they land, how will they be clothed? They’ll need
to be fed for an indefinite period. And housed. And entertained.
Mosques must be found, or founded, so they can worship. Very few
have any marketable skills, and very few even speak English. Most
of them could just stay on welfare for the rest of their
"articleBody">It seems completely insane. But it’s clearly the
“Globalist agenda”, endorsed by all these people. Of course there’s
some perverse justice at work if the US winds up having to import a
few million Muslim refuges. The Muslim world was, at least, stable
before Bush and Obama went on a wild “regime change” adventure. Now
chaos reigns in Iraq, Afghanistan, Syria, and Libya.
"articleBody">One justification put forward for migration to Europe
was that its population was dropping, and it would need people, if
only to take care of the oldsters. For what it’s worth, we’ll
have robots doing that within a decade.
You’re perhaps wondering how any
sensible person could sit there and listen to such blather and
nonsense for two days without reacting. Of course I wanted to
debunk about 95% of what I heard. But the Summit was structured so
that Guests didn’t have a forum from which to challenge the
Nomenklatura and their Apparatchiks. So I sat there, observing an
alien species in a sort of formalized mating ritual. No opportunity
presented itself to shock these copulating dogs with a bucket of
cold water. Certainly not from a seat in the Peanut
"articleBody">Are conferences like this one, and its lookalikes, a
waste of time? Completely. And keep that in mind before you make a
contribution to a charity or an NGO. Could it have been
worthwhile? Yes. If it had addressed the questions I posed above.
But, even then, the answers would have been worthless, given the
"articleBody">I think migration is going to be one of the biggest
problems in the next generation. It’s a sure thing that not just
millions, but tens of millions of “feet people” and “boat people”
are going to try to overrun Europe. If they’re accepted and
resettled it will destroy what’s left of Western Civilization. If
they’re repelled, it could result in millions of deaths, and be
quite a scandal. I don’t know how this will sort out. But it’s
going to be a big deal. And ugly.
"articleBody">What should you do? Own plenty of gold and silver,
and make sure that you have one or more residences that are out of
"articleBody">Editor’s Note: If you haven’t seen
it yet, Doug Casey has just released "nofollow" target="_blank" href="/r2/?url=http://www.caseyresearch.com/go/tbyb9-2/COT"
target="_blank">his latest and most controversial
prediction yet. It involves a shocking currency ban
(not gold) that may soon take effect under the Trump
"articleBody">Already, Fed members have met in private to discuss
this matter. And the savings of millions could be devalued if this
goes into effect.
"articleBody">To watch the video and discover the 4 steps Doug is
taking to prepare, "http://www.caseyresearch.com/go/tbyfa-2/COT" target=
height="1" width="1" alt="" />
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