Pessimism is a useful prism through which to view the affairs of states. Their ambition to gain, retain, and project power is never sated.
Optimism, toward which Americans are generally inclined, leads to rash predictions of history’s ending in global consensus and the banishment of war. Such rosy views accompanied the end of the Cold War.
They were also much in evidence a century ago, on the eve of [...]
D.C. Cops Conducting FBI-Like Stings to Arrest People They Predetermine as ‘Bad Guys’
Pre-Crime Technology To Be Used In Washington D.C.
by Charles Hugh Smith
The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses.
The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%.
Even the ephemeral foundation of additional debt-based spending–the Fed’s [...]
The United States is preparing to sell the Iraqi government 5,000 Hellfire missiles through a proposed $700 million deal intended to equip Baghdad with additional power as militants from the Islamic State continue to wage a campaign across the region.
Stocks are down across Europe.
Britain’s FTSE is down 0.2%.
France’s CAC 40 is down 0.7%.
Germany’s DAX is down 1.0%.
Spain’s IBEX is down 1.6%.
This comes in the wake of new inflation and unemployment data.
Consumer prices in the euro zone climbed by just 0.4% year-over-year in July, the lowest rate in five years.
Meanwhile, the unemployment rate in the region slipped to 11.5% [...]
On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment
By Michael Snyder
If the worst Ebola outbreak in recorded history reaches the United States, federal law permits “the apprehension and examination of any individual reasonably believed to be infected with a communicable disease”. These individuals can be “detained for such time and in such manner as may be reasonably necessary”. In other words, the federal government already has the authority to round people up against their will, take them to detention [...]
Italy’s unemployment is critical and getting worse. Portugal has plunged to 9 month lows. France’s housing industry just collapsed. ADP jobs missed expectations. Manipulated GDP 2nd Quarter number hits 4%, remove sub-prime borrowing and inventory hording the GDP is negative. FED continues to taper keeping up the illusion that the economy is recovering. Australia want to impose a tax to spy on its own people. NY is tracking peoples movements. [...]
July 30 (Bloomberg) — Argentina’s credit rating was cut to selective default by Standard & Poor’s as settlement talks with U.S. hedge funds led by Paul Singer’s Elliott Management continued past the country’s grace period. Bloomberg’s Trish Regan, Matt Miller and Mike McKee have more on “Street Smart.” (Source: Bloomberg)
by Dave Hodges
What will happen first? Will we fall under the specter of martial law and all that entails? Or, will we experience an economic collapse prior to martial law?
In the present state of affairs, it is very easy to focus on the invasion of America through our Southern border as the Fifth column insurgents make their way into the country in the form of [...]
In an interview with Bloomberg’s Betty Liu, former Federal Reserve Chair Dr. Alan Greenspan said the U.S. is “running out of buffer in economy,” “lacks fiscal resources,” and has “no way to find new revenues.”
Greenspan said equity markets will see a decline at some point after surging for the past several years, “The stock market has recovered so sharply for so long, you have to assume somewhere along the line [...]
Doctors fear Ebola victim Patrick Sawyer may have sparked a worldwide spread of the killer disease after being allowed on two flights while infected.
And tonight a desperate race was on to find dozens of passengers who flew on the same jets as the 40-year-old American.
British doctors and border officials have been warned to be on the lookout for people in the UK showing signs of the disease.
He had a stopover in Ghana [...]
Civil liberty groups criticise a new tracking device at Helsinki Airport that can monitor passengers’ footsteps, from arrival at the car park to take-off!
By Paul B. Farrell, MarketWatch
Horror master Stephen King’s “Under the Dome” is a vision of America’s future. Trapped in a massive bubble world warning us to wake up. Get into action. Forget today’s market gurus predicting 40% stock crashes. King’s “Dome” sees how our 21st century America has become a critical mass of bubbles of our own making, guaranteed to self-destruct, unless we listen to the warnings:
BY JOHN WARD
BERLIN/WASHINGTON RELATIONS IN CRISIS
As European citizens head for the August Beach fest, very few of them will be aware that the World may be on the brink of the biggest shift in global power scales since 1938. The reasons for this are various…but they are all, allegedly, giving Mutti Merkel pause for thought.
Last January I posted at some length about how Greece would default on [...]
BY JOHN WARD
Surface to air missile attack ruled out as calibre of cockpit bullet holes puts Ukraine pilots in the frame for MH17 murders
This is what a German pilot-cum-air technology expert Peter Haisenko has just published on the subject of the MH17 disaster (my emphases):
‘The misfortune of the Malaysian MH 017 is known to all. The flight
recorder is in England and is being evaluated. What can come of [...]
Ron Paul, Voices Of Liberty, Released on 7/30/14
Click Here to Listen to Ron Paul’s Audio
“Weeks or months from now, the dollar may well go down due price inflation, and gold will go up. At the moment, the markets are saying that if the economy is recovering the Fed will print money slower and less money creation will lead to a lower price for gold. On [...]
Sri Jegarajah & Pauline Chiou, CNBC, Released on 7/31/14
“You look at the world, you know, just go down the list of turmoil: Syria, Libya, Iraq, Israel, Ukraine, Russia, China. You go down the list, and this is just one more domino, if you will.”
“The linkages are going to be between Argentina, London, New York, and Hong Kong when you get into some of these derivatives.”
ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage.They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing.
Gold headed to $1900-2400, Number saySame Guy who called the Low at $1186.Now another forecast…Gold Edge : Gold FORECAST, July 28 2014 : $1900-2400An argument for Gold rising to $1900 to $2400 by the end of 2015.There are some figures there:“A key thing to look at is that Correlation with US Debt, which goes on Rising:”Swings have been about $500, to either side of Debt’s Gold equivalent.
By Bill Bonner, editor, The Bill Bonner Letter:
The problem with the “inflation” number runs deeper than just statistical legerdemain. It concerns the definition of inflation itself.
Does the word refer only to the rise in consumer prices? Or to the increase in the supply of money? The distinction has huge consequences.
In the years following the ’08–’09 crisis, it was the absence of the former [...]