The Russians have unleashed their own version of “shock and awe” in Syria, and the brutal efficiency of their airstrikes against ISIS targets has stunned many observers around the globe. For more than a year, the Obama administration has claimed that its bombing campaign in Syria has been a “success”, and yet ISIS has continued to grow stronger and gain more territory. But now just over a few days the tide of the conflict appears to have turned. The whole world has gotten a chance to see what a global superpower can truly do to a bunch of radical Islamic terrorists when it is focused and determined. The images that we have seen of hardened ISIS command centers being wiped off the face of the map by Russian bombs are truly impressive. But why did those targets still exist in the first place? Was the U.S. military unable to identify them previously? Or could it be possible that the Obama administration did not want to hit them?
An emerging coalition currently comprising Russia, Iran, Iraq and Syria is needed to save the Middle East, Syrian President Bashar al-Assad told Iranian television Sunday, charging that the U.S. and its allies are using terrorism as an instrument to subjugate the region.
This new coalition “must succeed,” he said. “Otherwise the whole region, not only one or two countries, will be destroyed. We have full confidence in this.”
In his first media interview since Russia began to launch airstrikes in Syria in support of his regime, Assad suggested to Iran’s state-run Khabar TV that a year-long airstrike campaign by a U.S.-led coalition has been ineffective against the Islamic State of Iraq and Syria (ISIS/ISIL) because the West does not really want to defeat the terrorists.
Submitted by Tyler Durden on 10/06/2015 - 09:05 "The closest has been within a handful of miles of our remotely piloted aircraft"...
A pair of Su-25Ms (NATO reporting name: Frogfoot) together with an Su-24 (NATO reporting name: Fencer) carried out strikes on two IS targets in the eastern part of Homs province near the city of Tadmur, he said.
from 21st Century Wire:
Russia has just achieved, in 72 hours, what the West failed to do in an entire year.
Numerous news outlets are now reporting that ISIS forces are in total disarray and even, in some cases, completely on the run following the start of Russian airstrikes last week.
Russian Lt. Gen. Andrei Kartapolov said that “intelligence has captured that militants are leaving the areas under their control“, and, most importantly, he added that “panic and desertion have begun in their ranks. About 600 mercenaries have left their positions and are trying to get to Europe“.
Here's a fat ass joke of a man...What an IDIOT...
GOP presidential contender New Jersey Gov. Chris Christie told ABC’s “This Week with George Stephanopolous” that GOP presidential frontrunner Donald Trump should be worried that he agrees with President Barack Obama on Russia’s involvement in Syria.
“There’s now 300,000 nearly dead in Syria because of Assad, and now [Russian President Vladimir] Putin is going in and teaming with the Iranians to prop up [Syrian President Bashar al-]Assad,” said Christie. “Only Barack Obama and Hillary Clinton could mess up this foreign policy that badly, and anybody who agrees with allowing the Russians into the Middle East is just painfully naive.”
As CNSNews.com reported, Trump said he’s in favor of Putin getting involved with Syria, because it will bog Russia down financially instead of the U.S. and Putin doesn’t want ISIS to invade Russia.
Submitted by Tyler Durden on 10/06/2015 - 10:15 "In response to today’s trade data, we have lowered our Q3 real GDP growth forecast to 1.7% from 3.0% previously, and our forecast for Q4 real GDP growth has been trimmed from 3.0% to 2.3%. This has the effect of lowering 2015 real GDP growth, as measured on a Q4 over Q4 basis, from 2.6% to 2.1%."
No one “understands” derivatives. How many times have readers heard that thought expressed (please round-off to the nearest thousand)? Why does no one understand derivatives? For many; the answer to that question is that they have simply been thinking too hard. For others; the answer is that they don’t “think”, at all.
Derivatives are bets. This is not a metaphor, or analogy, or generalization. Derivatives are bets. Period. That’s all they ever were. That’s all they ever can be. This can be easily illustrated by simply examining and defining some of the more well-known “derivatives”, meaning those derivatives with whom everyone is familiar with their labels.
Submitted by Tyler Durden on 10/06/2015 - 09:53 Heroic efforts are being made to cloak the stagnation of the U.S. economy. One of these is to shift the unemployed work force from the negative-sounding jobless category to the benign-sounding Not in the Labor Force (NILF) category. But re-labeling stagnation does not magically transform a stagnant economy. To get a sense of long-term stagnation, let's look at the data going back 38 years, to 1977.
Submitted by Tyler Durden on 10/06/2015 - 09:32 "Suddenly, good news is busting out all over, and we can't not talk about them. I have been bearish for a while now, but if the facts change, I have to change with them," the "Mad Money" host said.
Submitted by Tyler Durden on 10/06/2015 - 08:46 As was previewed last week in the advance release of international trade data which showed a big drop in the US deficit, moments ago the BEA confirms as much, when it reported that in August the US trade deficit blew out from $41.8 billion to a whopping $48.3 billion, an increase of 15.6%, as a result of a $3.7 billion drop in exports, offset by a $2.8 billion increase in imports. The August deficit, driven in major part by the surge in the US deficit with China which shot out to a whopping $32.9 billion, was the worst monthly print since March, and the second worst trade data read going back to early 2012.
Submitted by Tyler Durden on 10/06/2015 - 08:21 Overnight Barclays looked at the link between the current state of corporate profits, plunging by 60bps, and the broader economic cycle. It used data set stretching to the last seven business cycles, dating back to 1973, and found that on 5 out of 6 occasions, such a drop in margins resulted in a recession. In Barclays' own words: "the results are not enc
Submitted by Tyler Durden on 10/06/2015 - 08:15 While Reverse QE, or QT, or whatever one wants to call it has become traditionally associated with Emerging Markets and petroleum exporters, nobody had linked it with one of the most advanced Developed Markets in the world which also happens to be an oil exporter, the market with the largest sovereign wealth fun in the world: Norway. That is about to change because as Bloomberg report, "the future may already be here", a future in which Norway's gargantuan $830 billion sovereign wealth fund, the product of two decades of capital accumulation courtesy of Norway's vast petroleum reserves and oil trade, is forced to begin liquidating its vast assets.
Submitted by Tyler Durden on 10/06/2015 - 07:48 "The data are positive for the probability of the yuan getting into the SDR basket. It shows that the so-called devaluation in August, which wasn’t massive in value, hasn’t driven people away from using the yuan."
Submitted by Tyler Durden on 10/06/2015 - 06:56 The best headline to summarize what happened in the early part of the overnight session was the following from Bloomberg: "Asian stocks extend global rally on stimulus bets." And following the abysmal data releases from the past three days confirming that the latest centrally-planned attempt to kickstart the global economy has failed, overnight we got even more bad data, first in the form of Australia's trade deficit, and then Germany's factory orders which bombed, and which as Goldman said "seems to reflect genuine weakness in China and emerging markets in general and this will weigh on the German manufacturing sector."
Submitted by Tyler Durden on 10/06/2015 - 04:06 After 5 days of CEO-confidence-inspired BTFD-ing (a la Bear Stearns), following the 30% collapse at the start of last week, Glencore's stock price is tumbling 7.7% in the early European trading. Following a deep plunge off the open yesterday (which was rallied back to the highs) and extreme volume atthe close, Tuesday's early weakness has pushed the stock to the biggest loss since last Monday's carnage...
Submitted by Tyler Durden on 10/05/2015 - 23:14 Earlier today the US decided to jump right on it, and as CNN reported, accordint to the latest U.S. assessment of Moscow's activity in western Syria, "Russia has moved several ground combat weapons and troops into the area to potentially back up Syrian forces in the field planning to attack anti-regime forces, according to two U.S. defense officials."
Submitted by Tyler Durden on 10/05/2015 - 22:30 Baldly stated, the United States government is the greatest danger to peace and freedom the world has ever known. This is true precisely because it has held aloft the torch of liberty for so long, an example to the world of what a society based on individual freedom can achieve. That is the great paradox of American power. As we abandon our libertarian heritage – even as we retain the forms of a constitutional republic – we destroy what made our power possible. The process is reversible: we can restore our old republic – but only if we give up the mirage of empire.
Submitted by Tyler Durden on 10/05/2015 - 22:00 Just as was evidenced after the 2007 shootings at Virginia Tech, after Columbine and Tucson in 2011, and following the theater shootings in Aurora, Colorado in 2012, US gun sales have soared following the mass-shooting at Umpqua Community College in Oregon, which killed 10 people and injured seven others. As The FT reports, gun sales this year could surpass the record set in 2013, when gun purchases surged after the December 2012 Sandy Hook murders.
According to the mostly recently released data, the disconnect in the silver market continues. Now, when I say a disconnect, I am referring to the interesting change in supply demand trends in the silver market. Currently, we are witnessing an abrupt change in normal silver market dynamics.
For example, industrial silver demand has been the leading indicator for the silver market by a majority of official sources. There have been many reports published by banks and institutions on the growth and outlook of the silver market based on future industrial demand. Basically, the health of the silver market was forecasted by the amount of growth in the industrial sector.
filed under Dumb (unt
Hillary Clinton has set her sights on America’s guns.
“I am going to get those guns out of people’s hands,” the Democratic presidential candidate said Monday as she responded to last week’s Oregon college shooting with a bevy of proposals.
Clinton said she will pursue her agenda with or without legislative support.
“I want to work with Congress, but I will look at ways as president,” Clinton said Monday.
“Growth is never by mere chance; it is the result of forces working together.”
– J.C. Penney
“Strength and growth come only through continuous effort and struggle.”
– Napoleon Hill
“We’re lost, but we’re making good time.”
– Yogi Berra, 1925-2015, RIP (For a most moving and memory-laden tribute to Yogi, see The Lefsetz Letter.)
The Yogi Berra quote above, which was brought to my attention this week, seems an apt description of where the markets and the economy are today. Nobody is quite sure where we are or where we’re going, but we all seem to think we’re going to get there soon.
A longtime legal adviser to Hillary and Bill Clinton has been allegedly telling the former secretary of state to hire a criminal defense lawyer as the FBI investigates her personal email server, but the presidential candidate has balked at his recommendations.
During an interview with the New York Post, the anonymous adviser admitted his frustration regarding the Clinton campaign’s resistance to his advice.
“By joking about her email problem and treating it like a PR issue, she’s only hurting herself, maybe mortally, with the prosecutors,” he said. “Insulting career FBI and Justice Department investigators is a very bad and ill-advised strategy.”
There’s some very interesting discussion going on about my recent post Vladimir Putin – Agent of the Awakening? Apparently this article is going viral to a major degree around the net, and I think for good reason. Some important dynamics are coming to light that need identifying and people are resonating.
Even the prevailing attitude in the alternative media is awash with conflicting messages. While the predominance of information available to the discretionary viewer is clearly good and empowering regarding these recent events and power swings, there’s a growing underlying current of cynical skepticism that is surreptitiously undermining the sense of commitment needed to confront what is going on.
Why are US Mint gold sales on the rise? When you look closely at the news in silver market, of potentially two month delays on many products, the picture becomes clearer. Purchase of gold ETFs has increased, and the US Mint sold 7,500 ounces in gold coins and 871,000 ounces in silver coins. Sales splits in gold coins include 6,500 ounces in American Gold Eagles and 1,000 ounces in American Gold Buffalo coins.
Silver has been the attention of investors this year, in particular with long delays in the metal over the past month. Nevertheless, gold sales have remained robust. American Buffalo 1-ounce gold coins sales in 2015 are ahead of 2014 levels. As of September 23, the Mint reported sales for the year to authorized purchasers of 169,000 of the 1-ounce gold coins. In the first nine months of 2014, the Mint sold 139,500 Gold Buffalo coins.
Read More @ GoldSilverBitcoin.com
Businesses should ban ham sandwiches and sausage rolls from the workplace because they’re “offensive” to Muslims and other religions, according to new guidelines written for employers.
The guidelines published by CoExist House, a US and UK-based interfaith group, recommend an outright ban of pork products from office kitchens to avoid “offending” employees of the Muslim and Jewish faiths.
“It would be good etiquette to avoid heating up foods that might be prohibited for people of other faiths,” said Andy Dinham, a University of London professor who wrote the guidelines for CoExist House. “We also say, ‘Don’t put kosher or halal and other… special foods next to another [food] or, God forbid, on the same plate.”
The Welsh Deputy Minister for Farming and Food, Rebecca Evans, has announced that the country will take advantage of new EU rules allowing countries to opt out of growing EU-authorized GM crops. Yep – Wales is moving forward with a complete ban on biotech’s seed! 
Evans says that the nation plans to ban GM corn as well as 7 other GM crops authorized by the EU. She states:
“These new rules proposed by the European Commission provide Wales with the necessary tools to maintain our cautionary approach by allowing us to control the future cultivation of GM crops in Wales. It will allow us to protect the significant investment we have made in our organic sector and safeguard the agricultural land in Wales that is managed under voluntary agri-environment schemes.”
All need to be watching very closely the events unfolding in Syria. The risks are multiplying rapidly now that Russia has entered the war there to support its ally, which is the same Syrian government that the US wants to oust. We all know the problem that entangling alliances create from books explaining the cause of the First World War.
We have already seen the news reports and videos of Russian planes bombing targets throughout Syria, but Russia’s involvement may not stop there.
There have been news reports that Russia is considering a naval blockade of Syria, which would obviously escalate already heightened tensions in that part of the world, and perhaps even beyond. All of this of course is unfolding on top of the horrific human tragedy occurring in Syria.
There’s no “news” here, since we all knew this was coming. The Traitors have struck, again, with their newest “free trade deal”. But what is personally very, very disappointing is that while this latest ECONOMIC CRIME is being inflicted upon us that people are (yet again) snoozing through my efforts to alert people to what is going on here…
Big Business Is Economic Cancer, Part I
Big Business is Economic Cancer, Part II
Many commentators have criticized these traitorous “trade agreements”, in general terms. This series of commentaries explainsprecisely how-and-why these “deals” were fundamentally flawed, and could never do anything except destroy our economies.
But (apparently) there’s no one who wants to learn about any of these problems — they just want to complain about them. Well, here’s a “news flash” for all those readers out there. There is no possibility that anything will ever be done about any of these problems unless/until we properly understand the problem.