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Does Europe Ever Learn?

January 29, 2021 by Barry J. Klazura No Comments

Just two weeks ago I posted the possibility that once again, due to Europe’s poor banking system, economies, international policies, etc., the U.S. might have to save Europe from themselves. Now comes news of the European debt crisis which could be larger than the one in 2007-8. It seems especially true that the Western European nations cannot learn from history, even if it is only a few years ago. https://www.wsj.com/articles/european-regulator-worries-banks-are-ignoring-borrower-troubles-11611839084?mod=markets_major_pos13

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Musings

No Wonder Our Kids Do So Poorly in Math

January 16, 2021 by Barry J. Klazura 1 Comment

This story is getting some national play as it should; 3rd graders learning about critical race theory instead of learning math. What is wrong with our school system, the school boards and our political leaders who mandate these types of classes? Greater skills are needed by our children yet classes such as this harken back to racial theories discredited by science and those that were destroyed with the destruction of Nazi Germany in 1945. Those who teach this instead of skills needed throughout life should be ashamed of themselves. Thank goodness there are parents who are paying attention to their children’s education. https://www.city-journal.org/identity-politics-in-cupertino-california-elementary-school

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Musings

Let Us Look At The Numbers; Which Numbers?

January 15, 2021 by Barry J. Klazura 1 Comment

We seem to love to argue back and forth about government spending, where the money is going, who made how much money out of what crisis, etc. What is the source of our information? Talking heads? Policy makers? The newspapers? Social media? We are in trouble! This article points out that those who we cite often are as ignorant if not more than each of us. Maybe we should be a bit more skeptical of our sources ignorance and motives? https://www.city-journal.org/the-facts-we-take-on-faith

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Musings

Are We Doomed to Save Europe Again?

January 14, 2021 by Barry J. Klazura No Comments

When we think of saving Europe from itself, we think of our involvement in World War I when our fresh, if inexperienced Army tipped the scales for an Allied victory. Then there was World War II when our production capacity and military literally buried the Axis powers and pulled Europe from a blood letting of its own making. After that, there was the Marshall Plan when the infusion of U.S. capital and technical expertise restarted the Western European economies which lead to decades of unimagined growth. During that time, we played parent by stationing hundreds of thousands of troops in Europe and for the first time in a thousand years the Europeans were not killing one another. After the Cold War, we saved Europe again during the economic crisis of 2007-8; due to their poor accounting and banking regulations, “at least half the liquidity support it (the Fed) provided went to banks not headquartered in the United States, but located overwhelmingly in Europe.” (Crashed by Adam Tooze, pp13). Without that help from the U.S. taxpayer, most European banks would have gone under. But, the Europeans seem to be a bit slow to learn as we see from this article on the Zombie firms in Europe and the poor state of the European banking community. With the Europeans signing a major trade deal with the Communist Chinese, maybe this time they will be rescued by someone other than our taxpayers, but I am sure the terms shall be much more difficult. https://www.wsj.com/articles/zombies-could-stunt-the-bank-recovery-11610447847?page=1

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Musings

What is the Vision?

January 11, 2021 by Barry J. Klazura No Comments

It seems that old values and history are going onto the trash heap, to be replaced by what? As the author says, do those who flock to the U.S. come for the Green Deal or the environmental programs? Or, do they come for the promise of more freedom, the opportunity to create personal wealth and a better opportunity for their children? How is it that those who give up so much and risk so much have a better image of America that those born and raised here who have feasted at the American table with such little effort? What do those who degrade our nation and it’s history offer in the place that which they destroy? Can they show in any manner, that their goals and policies are actually beneficial to all of us? This article asks these and other questions and if the leadership of those who destroy offer any positive image or program. https://amgreatness.com/2021/01/03/defenders-of-civilization/

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Musings, Quips and Historical Facts

An Example of Misreading

January 11, 2021 by Barry J. Klazura No Comments

FDR was a master politician, as long as he was dealing with American politicians. Prior to his first meeting with Stalin, Churchill offered his experience from meetings with Stalin but FDR turned him down; he was confident that he could win over Stalin with the power of his personality. After the conference in Teheran, FDR said, “The Russians are perfectly friendly. They aren’t trying to gobble up all the rest of Europe or the world”. Many tens of millions paid the price for his hubris.

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Musings, Quips and Historical Facts

A Reunion After 76 Years

December 28, 2020 by Barry J. Klazura No Comments

Even today, stories of World War II are fascinating. A positive story of those terrible years is like a small gem, something to be valued and shared. This story of an ex-Infantryman and three Italian children is one such gem. For decades Martin Adler remembered one incident in the war when he hesitated for a second while searching for the enemy. Thankfully, he found three children and a potential tragedy was turned into a positive life time memory. Mr. Adler always wondered what happened to those three children recently he found out during a virtual reunion. A nice story, fitting for the Christmas season. I hope you enjoy it. https://www.nytimes.com/2020/12/26/world/europe/Italy-World-War-II-American-soldier-reunion.html

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Musings

Teaching Hate

December 20, 2020 by Barry J. Klazura No Comments

There is a saying, “What the Left touches, it destroys”, so their target here seems to be an education; they prefer ideology. Such a waste of young minds. https://www.city-journal.org/racial-equity-programs-seattle-schools

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Musings

The Wrong Danger?

December 16, 2020 by Barry J. Klazura No Comments

Mankind may very well be in danger, but not from environmental dangers. In this article, a strong case is made, supported in part by Michael Shellenberger’s excellent book, Apocalypse Never (reviewed here 7/14) that the real danger to mankind is a falling birthrate and ecological disaster. Deaths by man caused disasters are down thanks to technology but the growth of technology is endangered by, among other things, a decreasing population. While some environmentalists may see mankind as a blight on the earth, anyone who cares about humans should read this article and think about its conclusions. https://quillette.com/2020/12/11/the-end-of-the-world-as-we-know-it/

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Musings

Liar, liar, media darling

December 10, 2020 by Barry J. Klazura No Comments

I was so glad to see this article as I watched the Fox interview this past Sunday. It was disappointing to see Chris Wallace allow this man to distort and play legal word games; Wallace has certainly gone downhill as a questioner. https://thefederalist.com/2020/12/09/why-does-corporate-media-amplify-john-brennans-neverending-lies/

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Barry J. Klazura

Barry Klazura sipping grappa

With a Masters Degree in Guerrilla Warfare and Totalitarianism, Mr. Klazura was well prepped for a career in Sales and General Management, consulting on corporate startups and turnarounds as well as lecturing on history and politics.  For the past twenty years he has focused on being a financial advisor and consulting.

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