A former top member of the Ronald Reagan administration has issued a dire warning about the current state of American government: it’s evil and will become even more evil in the years ahead as the world itself becomes more dangerous.
Dr. Paul Craig Roberts, who served just over a year as Reagan’s Assistant Secretary of the Treasury for Economic Policy, said on the Shadow of Truth radio program that Washington, D.C., is a major den of inequity.
“The United States [military policy] has destroyed seven countries,” he says. “The populations there are subject to ongoing continual violence either from the U.S. or these Jihadists or from the Islamic State. In Libya there’s various factions, no government – just warlords fighting and nobody’s safe anywhere so the populations are getting out. You can’t live in that type of situation.”
Submitted by Tyler Durden on 10/10/2015 - 19:44 "We believe that the path of least resistance would be to effectively ban capitalism and by-pass banking and capital markets altogether. We gave this policy change several names (such as “Cuba alternative”, “British Leyland”) but the essence of the new form of QE would be using central banks and public instrumentalities to directly inject “heroin into blood stream” rather than relying on system of incentives to drive investor behaviour."
Submitted by Tyler Durden on 10/10/2015 - 22:00 Israel lacks a national motto. If its leaders are looking for a Latin one, “carpe chaos” would be an apt and honest choice. “Seize the chaos” is half of Israeli foreign policy in a nutshell (the other half being the instigation of that chaos in the first place). But “Seize the chaos” is not a new doctrine: neither is it limited to Israeli halls of power. A veritable “carpe chaos” manifesto was written in 1996 for a Washington think tank by David Wurmser, an Israel-first neocon who would later play a key role in the Bush administration’s drive to the Iraq War. And now that Russia has been drawn into the Syrian war, where its bombers and troops operate at cross purposes with American bombers and proxy fighters, the chaotic sea threatens to become a thermonuclear lake of fire engulfing the whole world.
Submitted by Tyler Durden on 10/10/2015 - 21:15 Claims that new gun laws are commonsensical can't be true if the relationship between gun laws and murder rates require us to adjust for half a dozen different variables... In fact, by looking at the data, we could imagine any number of other factors that might be more likely a determinant of the murder rate than gun ownership.
Submitted by Tyler Durden on 10/10/2015 - 20:44 After yesterday's not one, not two, but three campus shootings, which come a week after the latest mass killing at Umpqua Community College left 10 people dead, it was only a matter of time before the administration would pick up where it left off shortly after the Sandy Hook shooting of December 2012. The time has arrived, and according to The Hill after Obama's failed efforts to implement any form of gun control in early 2013 fizzled, the lame duck president is preparing to do what he has been threatening to do for a long time, by issuing a new executive action on gun control.
Submitted by Tyler Durden on 10/10/2015 - 20:30 This globalization of regional housing markets is pricing the middle class out of housing in areas that also happen to be strong job markets. Many commentators are concerned that a nation of homeowners is being transformed into a nation of renters, as housing is snapped up by hedge funds and wealthy elites fleeing China and the emerging markets. But will current conditions continue unchanged going forward?
Submitted by Tyler Durden on 10/10/2015 - 19:05 “Capitalism is not primarily an incentive system but an information system.” Prices are the information. And the price of time itself is the single most valuable piece of information. Time, as we intuitively know, is money; they are two sides of the same coin. Mess with time and money, and you mess with everything else. Yet as with central planning in general, the central planning of either money, or time, cannot possibly work. Hayek warned the economics profession of precisely this in the 1970s. They didn’t listen, ensconced as they still remain within their interventionist Keynesian paradigm. Well that paradigm is about to be blown apart, time and money are about to return to the market, where they belong, and real, sustainable economic progress is about to restart once again.
Submitted by Tyler Durden on 10/10/2015 - 18:30
Submitted by Tyler Durden on 10/10/2015 - 18:05 Austerity: Also known as “sado-fiscalism”. A forlorn attempt to stave off government bankruptcy.
Keynesians: Economists “who hear voices in the air (and) are distilling their frenzy from some academic scribbler of a few years back” (John Maynard Keynes).
Submitted by Tyler Durden on 10/10/2015 - 17:30 In 1949 Einstein published an essay on economics and education that is brimming with ignorance. According to Einstein, "The economic anarchy of capitalist society [is] the real source of evil." Now yet another popular and renowned physicist, namely Stephen Hawkins, has jumped into the debate, seemingly attacking capitalism. According to the Huffington Post, "Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots." While undoubtedly a genius in his field, this is probably also the field he should stick with. There is no reason to worry while at least vestiges of a free market exist. The only real problem is government intervention in the market process.
Submitted by Tyler Durden on 10/10/2015 - 16:00 Even with the drop in oil prices, the $7 trillion invested in Sovereign Wealth Funds makes them important participants in global capital markets; what they do, even at the margin, matters.
Submitted by Tyler Durden on 10/10/2015 - 15:15 Everywhere you look, You feel a tension in America now between “us” and “them.” However much Americans espouse the mantra of 'whoc wants to succeed, can', that belief is shakier than we let on. Many Americans increasingly feel, deep down, that the game is rigged. That the people who run this country - the economic, political and intellectual elites - get all the advantages. Average Joe can’t win.
Submitted by Tyler Durden on 10/10/2015 - 14:35 There can be little doubt that the massive, unprecedented surge in inventory accumulation (which counts positively to GDP) will eventually be liquidated. When it does the US enter recession, global dollar liquidity crashes, the value of dollar surges even higher, pulling EM further down and a world recession will be upon us again. In this scenario central banks panic...
Submitted by Tyler Durden on 10/10/2015 - 14:30 There has been no such upside to QE in any of the channels and pathways that economists were absolutely sure would result. Instead, without any gains, there has only been engineered a massive economic hole that is “unexpectedly” widening and deepening again. Apparently the “slippery slope” of economic denial is likewise as universal as the aligned direction of economic progression across the world. All economist-created roads lead to "more global stimulus," and fittingly, we are almost all Japanese now...
from The Pretty Lie Ugly Truth:
Would access to Harrison Bounel’s Death Records prove Obama stole Bounel’s SSN?
After the Sandy Hook “school shooting,” the State of Connecticut made a bizarre move. CT locked down ALL Death Certificates — for any deaths in the entire State of CT.
Governor Malloy signed three Orwellian bills into law, after they were crammed thru at 2:00 AM, “for the children.” As a result, Connecticut Death Certificates are NO LONGER public record — you cannot obtain them. Death Certificates have been PUBLIC RECORD for hundreds of years…. but suddenly, NOT ANYMORE.
With the dust barely settled following President Obama’s ‘political’ visit to Roseburg, Oregon – there are still a number of questions regarding this latest mass-shooting incident.
As 21WIRE reported previously, there were a large number of improbably coincidences attached to last week’s mass shooting event at Umpqua Community College, enough to keep odds-makers and actuaries up at night. Here is one more coincidence…
Facebook is reportedly censoring an article critical of the Trans-Pacific Partnership.
Within the first 30 minutes of its publication on Infowars.com, the article entitled TPP to Kill Thousands by Expanding Monopoly Power of Drug Companies would constantly hit around 50 shares on the embedded Facebook counter, but then the counter would drop dramatically, as shown in these videos (watch enlarged version here):
This occurred several times over the 30 minute period and an investigation by IT staff found nothing unusual that could be interfering with the counter.
Facebook was similarly censoring an anti-GMO article back in July.
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It must have been looking rough at the polls. In some strange reversal of opinion, Hillary Clinton, recently named the ‘Bride of Frankenfood’ for her vocal and open support of GMOs and the biotech industry, has suddenly changed her tune. Now, Clinton says she opposes a bill known as the Trans Pacific Partnership (TPP), one which she so fervently stood for in recent months. Why the sudden change over the TPP, Hillary?
Clinton’s agribusiness ties are no secret, so it seems odd that she should suddenly voice concern over a bill that was written and sealed with the blood (money) of the biotech industry and its political puppets. Some have called the Trans Pacific Partnership a ‘wish’ list for multinational biotech (GMO and pharmaceutical companies).
Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.
Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital.
In the normal cycle of supply and demand, new more affordable housing would be built, and prices would decline.
There exists an overlapping and highly integrated network of institutions, committees and secret meetings of ad-hoc groups that collectively run the global economy. This network consists of finance ministries, central banks, international organizations and the various conferences and confabs that bring them together. This network is responsible for facilitating global financial diplomacy and managing the architecture of global financial governance. In short: it is the most powerful and informal political structure in the world.
With the United States at the center of the system, the Treasury Department and Federal Reserve Bank are the two most important American institutions in global financial governance – and the Treasury Secretary and Federal Reserve Chairperson are the world’s two most powerful financial diplomats. Both institutions are headquartered in Washington, D.C., just down the street from the headquarters of the International Monetary Fund (IMF) and World Bank Group, two global financial bodies created in 1944 to manage the world economy on behalf of the rich Western nations that founded them.
Barack Obama has sunk to a new low. He is using the threat of a UN Security Council resolution that would divide the land of Israel and give full UN recognition to a Palestinian state to blackmail Israeli Prime Minister Benjamin Netanyahu. Many had expected France to submit this resolution to the Security Council for a vote in September, but the French made it very clear that they were not going to go ahead unless they had U.S. approval. So that means that all of the power is in Obama’s hands, and apparently he is not shy about using it as leverage in order to get what he wants. And apparently one thing that Obama wants is for the Israeli government to keep any new settlement construction from happening in “Palestinian areas” of east Jerusalem, Judea and Samaria.
DIn his speech following the recent Oregon shootings, Barack Obama hinted that he favors gun confiscation in the United States, and that he would like to see America follow the examples of Australia and Great Britain.
Breitbart.com reports, “When President Obama spoke in reaction to the heinous October 1 attack on Umpqua Community College, he went beyond his usual calls for more gun control and suggested instead that America consider following the path blazed by Australia and Great Britain.
“In the mid-1990s Australia and Great Britain both instituted what were virtually complete bans on firearm possession.
The Times is a virtual US administration/Pentagon house organ. Its articles read like imperial press releases, real journalism entirely absent, making sensationalist tabloid operations look good by comparison.
It’s latest propaganda piece headlined “US Aims to Put More Pressure on ISIS in Syria” – polar opposite its agenda, ISIS and other takfiri terrorists its proxy army battling Assad, what Times editors, columnists, correspondents, and contributors disgracefully suppress, what’s vital to report.
The Times claiming Washington and rogue allies are “preparing to open a major front” against ISIS in northeastern Syria is a bald-faced lie, the latest willful deception from America’s so-called “newspaper of record” – its leading lying machine, deliberately betraying its readers.