For roughly the last decade and a half, the NSA has been caught in lie after unscrupulous lie. Every time they are caught spying on Americans, the secret agency first denies it — then justifies it. The NSA has now been caught again. And, again, they denied it and are now justifying it.
This time, their unscrupulous spying involves a shadow “social network” that combs data from all social networks and your online data to create a graph of everyone and everyone they know. If you’re wondering where your invite to join this shadow network came from, you never got it. However, you’ve already joined.
The police shooting of 23-year-old Sylville Smith on Saturday August 13th, 2016 in Milwaukee led to protests and eventually riots. As local businesses were burned down by rioters, the mainstream media spun the usual narrative of institutional white racism, but Lauren Southern flew to Milwaukee to get the real story.
The notion that the United States is an empire of lies would be difficult to dispute by anyone who has followed the events of the last decade. It’s a sad fact that today the absolute majority of Washington’s policies along with the foundation of so-called “American democracy” are built upon blatant lies.
So is it any wonder that so-called American “heroes” of the Rio Olympics: swimmers James Feigen, Ryan Lochte, Gunnar Benz and Jack Conger, provided false testimonies about them being robbed in a taxi on the way to the Olympic Village? It turns out now that nobody came as close as even attempting to rob them. Now these athletes may face charges of making false accusations in Brazil, along with being accused of discrediting the sitting Brazilian President Dilma Vana Rousseff who has been the prime target of Washington’s meddling recently.
While the MSM harps on Trump making fun of Rosie O’Donnell, there is a concentrated assault against those who accuse Bill Clinton of rape.
Gold and silver continued their consolidation phase this week, but the undertone remained firm.
Technically, it is fair to assume that both metals are no longer overbought, though aside from Comex releases, this is difficult to prove statistically. But a glance at our introductory chart tells all, with gold and silver consolidating the previous rise by simply moving sideways.
Economics is far simpler than most in academics or government would have you believe. To make accurate predictions all you really need is an honest appreciation of the self-interest that is at the heart of free market transactions and an ability to understand how regulations that attempt to “correct” these realities don’t work. This is certainly the case with the completely predictable slow-motion train wrecks that are the signature U.S. domestic policy experiments of the last eight years: Obamacare and Federal Reserve stimulus. From the start, I issued countless commentaries on why both would fail spectacularly. The jury has started to come back on Obamacare, and the results are a disaster. And while the verdict on the Fed’s policies has yet to arrive in similarly stark terms, I believe that its failure is just as certain.
Leading Indicator of big trouble, now fermenting in the banks.
This afternoon, somewhat obscured by the Fed’s media-savvy and endless flip-flopping about rate hikes, the Board of Governors of the Federal Reserve released its second quarter delinquencies and charge-off data for all commercial banks. It shows that if the Fed wanted to raise rates before serious signs of trouble emerged, it might have missed the train.
Consumer loans are still doing well, though delinquencies have ticked up 10% from a year ago to $26.8 billion. Loans are considered “delinquent” when they’re 30 days or more past due. Credit card loans are also still doing well, though delinquencies have jumped 11% from a year ago to $13.8 billion.
Acquaintances of my generation are puzzled by the disappearance of the American left. They remember when there was far less war, far less monopoly capitalist theft, a less rich and powerful elite, less police violence against civilians, less militarization, less privatization and deregulation, fewer attacks on the social safety net, less propaganda from the media, and yet, despite the milder state of affairs, the leftwing was present raising hell about it all.
For fifteen years, and more if we go back to the Clinton regime’s destruction of Yugoslavia, the US has been engaged in wars on populations in seven—eight counting Yugoslavia/Serbia—countries, causing millions of deaths, disabled, and dislocated peoples. A police state has been created, the US Constitution stripped of its protective features, and massive crimes committed under both US and international law by three administrations. These crimes include torture, transparant false flag events, naked aggression (a war crime), spying without warrants, and murder of US citizens. Yet, the leftwing’s voice is barely heard.