The Triviality Of Terrorism

The horrors of terrorism should not be ignored. Rather, it’s that we should see the situation as it is. And for those of us in the West, the situation is that terrorism is a political weapon, wielded by politicians in the service of what Dwight Eisenhower termed the “military-industrial complex.” Terrorism is a deadly reminder of just how deceived humans can become. Eliminating it will be awfully hard if we remain terrified and deceived ourselves.

Funding Is Now Drying Up For Luxury Real Estate Developers In Manhattan

As we have noted on many occasions, the luxury real estate market in Manhattan is now in a downturn. Back in April, we reported that the Bauhouse Group had put a development project into bankruptcy after it wasn't able to find lenders to refinance short-term loans. We then posed the question: "Did The Canary Of New York's Luxury Housing Market Just Die?" The answer - based on builder Extell's need to resort to a program known as EB-5 to help finance its latest condominium tower, known as Central Park Tower - seems to be "Yes!"

Hillary Clinton's IT Aide Pleads The Fifth Over 125 Times

Brian Pagliano, the man believed to have set up and maintained the private server in the basement of then-Secretary of State Hillary Clinton’s New York home invoked his Fifth Amendment rights against self-incrimination more than 125 times during a deposition as part of a civil court case on Wednesday.

The British Referendum And The Long Arm Of The Lawless

The true fear lies with those who stand to lose the most, in this case the countries who hold the Euro currency together with the thinnest of threads. As Britons head to the polling booths, they should hold their heads high, rightly insulted at the feigned notion that the UK cannot stand on its own. After all, much of the civilized world we take for granted today is rooted in the British rule of law.

NATO General Admits Russia Is Not A Threat To The Region

Over the course of the past few months, the United States has pushed NATO to build up troops on Russia's border, held war games in its backyard, and deployed aircraft carriers to the Mediterranean. The rationale for such actions has always been very vaguely communicated, but as NATO European Command General  Philip Breedlove said, it has all been to send a signal of deterrence to Russia. However, the reality is that, according to General Petr Pavel, chairman of the NATO Military Committee, there is no intelligence that suggests Russia is planning any broad-scale aggression whatsoever.

IRS Admits To Illegally Seizing Bank Accounts; Agrees To Give The Money Back

It's the stuff of libertarian dreams. The IRS admits that it wrongfully took money from innocent citizens, and it gives the money back. This is actually happening to victims of a little-known form of civil asset forfeiture carried out by the IRS on the premise of "structuring" violations. In case you didn't know, depositing or withdrawing just under $10,000 from your bank account multiple times is viewed as suspicious and possibly criminal activity.

UK Banks Told To Model Capital Controls, Bank Runs, 20% Devaluation

"With the encouragement of regulators, some lenders, including HSBC, have even run modelling for the imposition of capital controls, according to people briefed on the exercise. Banks said regulators had demanded a stress test that modelled for a 20 per cent fall in sterling."

Is Soros Wrong?

"There is an argument that a Brexit might look similar to the aftermath of sterling?s ignominious exit from the ERM on ?Black Wednesday? 16 September 1992. In a current environment where central banks and governments have failed to generate a strong enough economic recovery to normalise interest rates amid persistent deflationary pressures, one would have thought a substantial decline in one?s currency would be welcomed ?- for that is one way to inject a modicum of inflation back into the economic system."

Trump Slams Hillary As "The Most Corrupt Person To Ever Seek The US Presidency"

Following a scathing speech by Hillary Clinton yesterday, in which the Democratic candidate warned a Trump presidency would unleash a recession, Trump on Wednesday retaliated with a blistering attack of his own on Hillary Clinton, assailing her as “a world class liar” and failed secretary of state who can’t be trusted on issues ranging from the turmoil in the Middle East to immigration and trade. His resounding punchline was that “Hillary Clinton may be the most corrupt person to ever seek the presidency of the United States,” during a speech in his hotel in SoHo, reading from a teleprompter in his first major speech of the general election.