Tuesday, December 29, 2015

Paul Craig Roberts: Why World War III Is On The Horizon



At this point in time, nuclear war can only be avoided in two ways. One way is for Russia and China to surrender and accept Washington’s hegemony. The other way is for an independent leader in Germany, the UK, or France to rise to office and withdraw from NATO. That would begin a stampede to leave NATO, which is Washington’s prime tool for causing conflict with Russia and, thereby, is the most dangerous force on earth to every European country and to the entire world. If NATO continues to exist, NATO together with the neoconservative ideology of American hegemony will make nuclear war inevitable.



In Latest NSA Spying Scandal, World Learns Obama Lied Again; Congress Furious it Was Spied On

"The bottom line is that people around the world, regardless of their nationality, should know that the United States is not spying on ordinary people who don’t threaten our national security, and that we take their privacy concerns into account in our policies and procedures.  This applies to foreign leaders as well." - Barack Obama, January 17, 2014



The Big Short's Michael Burry Warns "The Little Guy Will Pay" For The Next Crisis

"We are right back at it: trying to stimulate growth through easy money. It hasn’t worked, but it’s the only tool the Fed’s got. The biggest hope I had was that we would enter a new era of personal responsibility. Instead, we doubled down on blaming others, and this is long-term tragic..."



China Suspends Foreign Banks' FX Trading As Offshore Yuan Spread Signals Massive Outflows

For the first time since the August collapse, Offshore Yuan is trading over 1000 pips weaker (relative to the USDollar) than onshore Yuan, signalling outflows are once again escalating. Following the chaos in HIBOR money-markets, Offshore Yuan has crashed to 6.5970 (below August spike lows) to the weakest since Dec 2010. On the heels of this recent divergence between on- and off-shore Yuan, China has suspended some foreign banks from FX trading, we suppose to try and stem the capital outflows.



Sweden's First Month Of 'Islamic Multiculturalism' - Rapes, Acquittals, & Severed Heads


Some 30 Muslim men thought that the woman was in violation of Islamic sharia law, by being in Sweden unaccompanied by a man. They thought that she should therefore be raped and her teenage son killed. At first, the woman did not want to call the police. "She felt sorry for him [the rapist] ... and was afraid he would be deported back to Iraq." Two Swedish citizens were convicted by a Gothenburg Court of joining an Islamist terror group in Syria and murdering two captives. Video evidence showed one victim being beheaded. One week after Sweden raised its terror alert level to the highest ever, the police raised another alarm -- saying their weapons are simply not good enough to prevent a potential terror attack.



How The U.S. Dollar Spread Across The World

The U.S. dollar is currently accepted as the world’s reserve currency, but it hasn't always been this way...



The "Perks" Of Being An ISIS Jihadist

In addition to receiving a salary and a constant stream of weapons courtesy of regional Sunni benefactors, and on top of being allowed to live in a perpetual state of dark, bacchanalian revelry, Islamic State soldiers also recieve 20% of the "loot" in captured territory and belong to a kind of militant Sam's Club which guarantees a 50% discount on a variety of fun items.



Guest Post: Is The West Disintegrating?

The movement toward deeper European integration appears to have halted, and gone into reverse, as the EU seems to be unraveling along ideological, national, tribal and historic lines. If these trends continue, and they seem to have accelerated in 2015, the idea of a United States of Europe dies, and with it the EU. And this raises a question about the most successful economic and political union in history - the USA.



With Stock At 15-Year Low, Freeport Co-Founder Walks Away With $80 Million Golden Parachute

"On one occasion, he told shareholders worried about the prospects of a gas well that they needed only to 'Trust Jim Bob'"...



Iran Fires Rockets 1,500 Yards Away From A US Aircraft Carrier

As we recently reported, the US aircraft carrier USS Harry S Truman had made its way through The Mediterranean Sea, launchiung airstrikes on Syria and Iraq on its way. While the proximity of so many vessels, fighter jets, coasts, friends, enemies, and frenemies was always precarious, NBC News reports that the carrier came within 1500 yards of an Iranian rocket fired in a live-fire exercise in the Straits of Hormuz last week. US officials said this was "unnecessarily provocative and unsafe" from Obama's nuclear-deal partners.



The Rising Threats To Our Health

Though evidence of a looming global healthcare crisis is plainly visible, few seem to realize the consequences will be catastrophic to individuals, households and national economies.



Why Energy Investors Are Hoping Saudi Arabia And Iran's Oil Price Forecasts Are Dead Wrong

"At current prices we estimate that valuations for the oil and gas group reflect an implied Brent crude oil price in the range of $65-70/bbl while natural gas leveraged companies reflect a Henry Hub natural gas price in the range of $3.00/Mcf."



The Russian Economy Is Cracking, "Social Unrest" Coming In "A Few Months", Official Warns

As the ruble plunges to record lows against the dollar, we take a close look at the outlook for inflation and GDP growth in 2016 in the context of The Kremlin's budget, which assumes $50/bbl crude. We also ask whether the deficit - expected to balloon to 4.4% of GDP in the event oil hovers around $35/bbl - will grow as a result of a planned bailout for insolvent state lender VEB.



Asia's Largest Commodity Trader Was Just Downgraded To Junk: Collateral Calls Next?

"Moody's downgrades Noble Group to Ba1; outlook negative.... "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," says Joe Morrison, a Moody's Vice President and Senior Credit Officer. The Ba1 ratings also reflect low levels of profitability and consistent negative free cash flow from core operating activities, which exclude proceeds from asset sales."



This May Be The Greatest "Explanation" Ever For Cooking The Company's Books

"... On 12 December 2015, the Company was notified by the local public security bureau that the Truck was found but not the Lost Documents. As at the date of this announcement, although the possibility of finding the Lost Documents is not high, the Group has nonetheless deployed all possible resources in search of the Lost Documents."

Santelli Thanks Plunge Protection Team As Bond Bloodbath Sparks Buying Frenzy In Stocks & Commodities









California Politicians Could Soon Be Forced To Wear Logos Of Top Corporate Donors

In the next week, a potential ballot measure, submitted to the Office of the Attorney General in October, is expected to receive title and summary for the 2016 election, meaning its advocates will be able to collect signatures in order to secure its official place on the ballot. The proposed law would require legislators and candidates to sport the emblems of groups that donate money to their campaigns.

Obama’s Four-Point Gun Confiscation Plan

by Dave Hodges, The Common Sense Show:

The Obama administration is engaged in a four part plot to eviscerate both the First and Second Amendment;
  1. Criminalize certain groups as being terrorist simply because they belong to groups who oppose government policy of any type and then labeling these groups as terrorists (see Assistant Attorney General John Carlin).
  2. Criminalize free speech which opposes any government program, action or official (eg Loretta Lynch).
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$2,957,000,000: U.S. Taxpayers Will Fund Lion’s Share of UN Budget Again in 2016

by Patrick Goodenough, CNSnews:
American taxpayers will once again be liable for more than one-fifth of the United Nations’ regular budget next year, as well as more than one-quarter of the much-larger peacekeeping budget – a total of approximately $2,957,000,000.
The U.N. General Assembly just before Christmas approved a regular operating budget of $5.4 billion for the 2016-17 period. (That budget is calculated biannually.) Of the $2.7 billion earmarked for 2016, the U.S. will account for 22 percent, or $594 million. Of the separate peacekeeping budget – $8.27 billion for the year ending June 30 – the U.S. is liable for 28.5783 percent, or $2.363 billion. Combined, the two U.S. contributions amount to just under $3 billion.
In actual fact the full extent of U.S. funding for the U.N. system will be considerably more than that: The $2.957 billion figure comprises the U.S. “assessed contributions” to the two main budgets, but the U.S. in addition provides much more in “voluntary contributions” to a range of U.N. agencies.
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Captured Daesh Fighter Reveals Turkey’s Connection to ISIS, Predicts New 9/11

by Brandon Turbeville, Activist Post:
It appears that the week of Christmas in 2015 is quite the low moment for Turkey’s public relations department. In addition to be revealed as one of the top purchasers of ISIS oil by many in the alternative media, the Russian government, and a number of other sources, Erdogan’s own son has been pointed out as one of the principal smugglers and the Turkish President’s own daughter as the Florence Nightingale of the caliphate. If that wasn’t bad enough, an independent report by a Norwegian oil consulting firm also confirmed that much of the ISIS oil was being shipped directly to Turkey. A Turkish party member even revealed that the terrorists who committed the chemical weapons attack in Ghouta most likely received their chemical weapons from Turkey and committed the atrocity with foreknowledge and assistance from Turkish intelligence.
Yet the hits to the Turkish government’s public relations just keep on coming, the latest of which involves statements coming from an ISIS member who was recently captured by Kurdish troops in Syria, who has revealed that not only is Turkey a primary buyer of ISIS oil but that ISIS fighters were being trained both in and by Turkey itself to be deployed into Syria. The captured fighter also revealed that the ISIS fighters on the ground do not take the American airstrikes seriously, viewing them as nothing more than show.
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Democrat Calls for “Surtax” on the American People to Pay for War Against the Islamic State

by Kurt Nimmo, Infowars:
Senator Chris Coons, a Democrat from Delaware, went on the Morning Joe Show to call for a “small surtax” to pay for the war against the Islamic State. Coons said in addition to authorizing Obama’s unconstitutional Authorization for Use of Military Force (AUMF) Congress must levy a new tax on Americans to pay for military action against IS.
The US has spent more than $5 billion on the war against IS since August, 2014.
“The daily tab for fighting ISIS had already climbed more than 20 percent between May 21 and October 15 of this year, from $9.1 million a day to nearly $11 million, according to the Pentagon’s latest public figures,” reports Vocative. “More than half of those costs came in the form of airstrikes, which the U.S. has employed since August of 2014 to pound Islamic State targets. Munitions, logistics and operational support accounted for the remaining costs, the Pentagon said.”
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Monsanto Offered $10M to Prove GMO Safety: Monsanto Never Shows…

by Christina Sarich, Natural Society:
On Monday December 21, students from Livingston High School joined Dr. Shiva Ayyadurai, an American scientist with a PhD in systems biology from MIT, to debate the ‘safety’ of GMO crops. Monsanto was invited to come and prove that there are indeed GMO safety assessment standards, and was even offered a $10 million enticement to send representatives to argue its side. But the company was entirely absent from the event. [1]
Dr. Ayyadurai had offered Monsanto a healthy prize for proving their GM crops such as soy, corn, or cotton had adequate safety standards.
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