On Wednesday, Attorney General Loretta Lynch announced at the United Nations that her office would be working in several American cities to form what she called the Strong Cities Network (SCN), a law enforcement initiative that would encompass the globe.
This amounts to nothing less than the overriding of American laws, up to and including the United States Constitution, in favor of United Nations laws that would henceforth be implemented in the United States itself – without any consultation of Congress at all.
The United Nations is a sharia-compliant world body, and Obama, speaking there just days ago, insisted that “violent extremism” is not exclusive to Islam (which it is). Obama is redefining jihad terror to include everyone but the jihadists. So will the UN, driven largely by the sharia-enforcing Organization of Islamic Cooperation (OIC) and the pro-Islamic post-American President Obama, use a “global police force” to crush counter-jihad forces?
Submitted by Tyler Durden on 10/03/2015 - 21:27
When top generals talk about protecting military secrets, the average citizen will think some important subject must be at stake: troop movements, weapons capabilities, intelligence sources and the like. The public presumes its generals are men and women of integrity who take responsibility and tell the truth.
The public presumes wrong.
The New York Times decided to probe a relatively mild subject: concussions resulting from mandatory boxing classes at the three military academies. It filed Freedom of Information Act requests for data from the Army.
Submitted by Tyler Durden on 10/03/2015 - 13:15 "A bunker-busting BETAB-500 air bomb dropped from a Sukhoi Su-34 bomber near Raqqa has eliminated the command post of one of the terror groups, together with an underground storage facility for explosives and munitions. Panic and desertion have begun. 600 fighters have left positions."
The Largest US Foreign Policy Blunder Since Vietnam Is Complete: Iran Readies Massive Syrian Ground InvasionSubmitted by Tyler Durden on 10/03/2015 - 10:04 "I know there is a major battle upon us and everything needed for this battle will be made available"...
Submitted by Tyler Durden on 10/03/2015 - 20:29
Submitted by Tyler Durden on 10/03/2015 - 19:29 The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money printing which lead to financial crisis, and ultimately the revolution of a major sovereign nation. More than a history lesson, this article effectively illustrates the road on which the U.S. and many other nations currently travel. The story relayed in this article is not a forecast for what may happen but a simple reminder of what has repeatedly happened in the past.
Submitted by Tyler Durden on 10/03/2015 - 18:31 "The dollar fx basis declined further over the past two months. The 5-year dollar fx basis weighted across six DM currencies declined to a new low for the year and the lowest level since the summer of 2012 during the euro debt crisis. In all, continued monetary policy divergence between the US and the rest of the world as well as retrenchment of EM corporates from dollar funding markets are sustaining an imbalance in funding markets making it likely that the current episode of dollar funding shortage will persist."
Submitted by Tyler Durden on 10/03/2015 - 17:44 Despite the arguably undemocratic, obfuscating nature of our nation’s campaign finance laws and the blatant corporatist agenda mandated by the Supreme Court, let’s attempt to break down the major sources of political spending so far in the 2016 presidential election. You may be surprised to find out who is donating money to your candidate — and how that contribution may affect future policy positions.
Submitted by Tyler Durden on 10/03/2015 - 17:09 "Since 2013, stocks rallied while disinflationary pressures were reinforced by a strong USD, low commodity prices and a decline in global demand. If pre-2013 coordination between the two is taken as a reference, then based on current stock prices breakevens should trade about 1.5% wider. This means the Fed should be hiking because inflation is above target. Alternatively, given the current level of inflation, S&P should be trading at half of its value."
Submitted by Tyler Durden on 10/03/2015 - 16:15 "We believe the US will be in recession before the end of 2016 and then things will be really interesting. How will the public receive news of more QE, NIRP, forward guidance, cash bans and capital control in a time when faith in central bank omnipotence disappears?"
Submitted by Tyler Durden on 10/03/2015 - 14:46 “We got a catered meal of hot dogs and hamburgers as our thanks while others, I’m sure, got big bonuses."
Submitted by Tyler Durden on 10/03/2015 - 14:01 The average retest period following crashes similar to that in August have bottomed an average of 27 days after the crash…that would be Friday .
Submitted by Tyler Durden on 10/03/2015 - 12:34 We are a product of our time and place. We live in a dystopian future that makes Brave New World look positively mundane in comparison. Mass shootings are the natural outcome of a society that mentally shackles its population while pumping it full of psychotropic drugs and violent imagery. It tells us to turn away from bullying while it dumps payloads of high explosives on hospitals and schools. It tells us to empathize with women while objectifying them via pornography.
Submitted by Tyler Durden on 10/03/2015 - 12:01 According to a follow report, it is only a matter of time before far more widespread crackdowns take place within the auto industry where emissions fraud now appears as systemic as that of the global banking sector.
Jon Rappoport exposed in 2012 a shameful practice of psychiatrists in the name of ‘social justice.’ With the guise of improving academic achievement, doctors like Dr. Michael Anderson are prescribing drugs like Adderall to children with self-admitted, ‘made-up’ ADHD diagnoses.
Adderall is a dangerous stimulant, but Dr. Anderson, a pediatrician for many poor families in Cherokee County, north of Atlanta, prescribes Adderall whether his patients have attention deficit hyperactivity disorder or not when he hears they are suffering in school. He admits the disorder is ‘made up’ and prescribes the drugs anyhow, but usually only to children in low income schools with the explanation that they need to be drugged to keep up with children who perform better academically.
President Barack Obama Friday dismissed critics of his war against guns and accused Republicans of ratifying “crackpot conspiracy theories” behind his quest for stronger restrictions on firearms.
In response to a question about the Oregon community college shootings on Thursday, Obama slammed those opposing stricter controls as “absolutists who think that any gun safety measures are, somehow, an assault on freedom or communistic or a plot by me to take over — and stay in power forever or something.”
With some wild trading action that saw the Dow end up 200 points higher while gold surged $25 and silver rose 5 percent, today one of the top economists in the world sent King World News an incredibly powerful piece warning that despite today’s rally there is more carnage ahead for global stock market and the U.S. dollar, but gold and silver will shine.
More Carnage Ahead For Stocks And The U.S. Dollar But Gold & Silver Will Shine
The September non-farm payroll report came in with a net increase of just 142,000 jobs. The unemployment rate held steady at 5.1 percent and the labor force participation rate dropped to the October 1977 low of 62.4 percent. Average hourly earnings fell 0.04 percent and the workweek slipped to 34.5 hours. There were significant downward revisions of 22,000 and 37,000 jobs for the July and August reports respectively…
While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different.
According to a report from the Bureau of Labor Statistics some 94.6 million Americans (age 16 and over) are either not working or have made no effort to find a job. With a population of 320 million, that means nearly one in three people in the United States are currently out of work.
The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.Read More
Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015? When I was emailed this figure by a friend, I was stunned for a moment. I knew that things were bad, but were they really this bad? When I first received this information, I had just finished a taping for a television show in which I had boldly declared that 5 trillion dollars of stock market wealth had been wiped out around the world. Unfortunately, the final number has turned out to be much larger than that. Over the past three months, the stock markets of all major global economies have been crashing simultaneously, and 11 trillion dollars of “paper wealth” has now completely vanished. The following comes from Fortune…
“We can no longer tolerate the state of affairs in the world.” President Vladimir Putin
Last Wednesday (28 Sept 2015) the world saw the difference between Russia and Washington. Putin’s approach is truth-based; Obama’s is vain boasts and lies, and Obama is running out of lies.
By telling the truth at a time of universal deceit, Putin committed a revolutionary act. Referring to the slaughter, destruction, and chaos that Washington has brought to the Middle East, North Africa, and Ukraine, and the extreme jihadist forces that have been unleashed, Putin asked Washington: “Do you realize what you have done?”
If you’re like most Americans, your self-sufficiency skills are on the light side. If you’re like 40% of Americans, you probably don’t even cook dinner at home anymore. There are various reasons for that statistic, but the one most often cited is the lack of time. This is especially true for low income families. It takes a lot of time to be poor, both parents are usually working, and some families hold down more than one job each or have irregular shifts. It’s also stressful to be poor and at the end of a long work day, kids clamoring for attention, and never-ending laundry to be done, it’s no wonder we look for quick, easy, prepared options for our meals.
So where do you start? Maybe you’re already feeling you’re doing as much as you can possibly do and just do not have one more brain cell to dedicate to learning a new skill. And, you know what? You’re probably right. A study published in the journal Science showed that when money is tight, people tend to make poor decisions and eat less healthy than they normally would. This has nothing to do with their intelligence and everything to do with the finite resources of the human brain. Being poor requires a lot of work, even on your brain.
As news broke recently that Russian warplanes had dropped their first ordnance in civil-war-ravaged Syria, a noted Russian propaganda newspaper, the Komsomolskaya Pravda, was making a dire prediction: The U.S. will become embroiled in World War III by the end of 2015.
Only, it won’t be a war like the first two global conflagrations. The next world conflict will be waged economically, the article states, adding that, in fact, the first economic “shots” have already been fired.
The article, translated at the WatchingAmerica website, first claims that, during World War II, the U.S. “profited” by selling weapons to many of the countries involved in the conflict, “including the Soviet Union exclusively in exchange for gold.”
Every good lie has to retain an element of truth. If today’s non-farm payroll report is the best possible lie, how bad is the truth? – Investment Research Dynamics
Well, now we know why they aggressively and blatantly tried to push gold as low as possible this week. Is this the best they got?
I am not going to discuss the actual details of what was reported in today’s NFP (non-farm payroll report). This serves no purpose other than to imbue the numbers that were reported with some sense of legitimacy. The numbers are a fairytale and I’m not in the business of engaging in a debate over the “finer points” of fantasy-derived fiction.
Dear Friend of GATA and Gold:
WFund manager, author, and geopolitical strategist Jim Rickards, writing for the Daily Reckoning, noted again yesterday that central banks can always create inflation by devaluing their currencies against gold.
Rickards writes: “The Fed can cause massive inflation in 15 minutes. They can call a board meeting, vote on a new policy, walk outside, and announce to the world that effective immediately, the price of gold is $5,000 per ounce.
“The Fed can make that new price stick by using the Treasury’s gold in Fort Knox and the major U.S. bank gold dealers to conduct ‘open market operations’ in gold. They will be a buyer if the price hits $4,950 per ounce or less and a seller if the price hits $5,050 per ounce or higher.
From the movie “Rounders” regarding poker:
“If you can’t spot the sucker in the first half hour at the table, then you are the sucker.”
Hypothetically speaking the players at the global poker table could be:
- The Federal Reserve borrows dollars into existence to feed the never ending demands of the US government politicians and the financial community.
- US Treasury Department creates the bills and bonds.
- Goldman Sacks does God’s work.
- JP Morgan works their skim in so many ways.