The Tragic Ending To Obama's Bay Of Pigs: CIA Hands Over Syria To Russia

Another sad chapter in the CIA's book of failed government overthrows comes to a close, leaving the Syria "rebels" that the CIA had supported for years, to fend for themselves, and handing over Syria to Putin, who has once again "won" or as the administration would prefer to spin it, "has hung himself."

The G-30 Group Of Central Bankers Warn They Can "No Longer Save The World"

"Central banks alone cannot be relied upon to deliver all the policies necessary to achieve macroeconomic goals. Governments must also act and use the policy-making space provided by conventional and unconventional monetary policy measures. Failure to do so would be a serious error and would risk setting the stage for further economic disturbances and imbalances in the future."

The End Of ISIS? Iraq Air Force Claims It Struck Islamic State Leader's Convoy

Now that Obama is "debating" handing over the mess he created in Syria to Putin who in less than two years will have successfully expanded the Russian sphere of influence in both east Ukraine (and certainly the Crimea) and Syria - two nations where Samantha Power's plans for a CIA-led government overthrow have gone spectacularly bad - it means one thing: ISIS, as a pretext for US "humanitarian intervention" in the region, a CIA-created terrorist organization that must be wiped out, no longer needs to exist. Which is why it was hardly surprising to read moments ago an Iraq military statement alleging that the country's air force has hit a convoy of Islamic State leader Abu Bakr al-Baghdadi.

The Failure To Act Responsibly Will Be The Addendum To Bernanke's Memoirs

Long gone is the illusion of: an elected body by the citizenry. Today, it’s become demonstrably self-evident the economy is run by an elected body – by the elected. And the consequences of this change is only now beginning to openly reverberate both in amplitude and frequency with every passing day.

Pentagon Will Pay "Condolence" Blood Money To Afghan Hospital Bombing Victims

According to the WSJ, the Pentagon is offering "condolence payments" to the civilians injured and the families of those killed by a U.S. airstrike that destroyed a hospital near Kunduz, Afghanistan. Because, the thinking probably goes, human lives are like any other commodity and can be measured in reserve notes. However, what is more disturbing is that since the US prints the world's reserve currency, should Obama proceed to exterminate countless other "collaterally damaged" civilians, all that the US will need to do is print a few more million to wash its - and that of the "free and democratic world" - conscience, and all shall be well in all future cases.

How 'ObamaTrade' Will Drive Up The Cost Of Medicine Worldwide

The sprawling Trans-Pacific Partnership deal would affect a variety of issues, including tariffs, labor rights, and international investment. But the deal's most controversial provisions are the ones limiting competition in the pharmaceutical industry. According to Doctors Without Borders, "The TPP will still go down in history as the worst trade agreement for access to medicines in developing countries."

The Dollar & China's "Financial War"

With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead created trouble for the US; how much is still to be played out. So was the devaluation a well-executed move against the dollar, or are the Chinese authorities as clueless as any other government?

Bernanke: The Courage To Print - Reading Between The Lies

The Fed needs to extricate itself from manipulating the financial markets. It needs to end backstopping market liquidity. It must never again print Trillions of new “money” out of thin air. Because so long as the marketplace perceives that the markets are "too big to fail", there will be speculative excess, major securities markets mispricings and Bubble fragilities. No one – average investor or sophisticated financial operator – has a clue as to the degree Fed policies have distorted asset prices.

The Problem Explained In 110 Words

"...declining velocity of money requires an ever rising level of monetary stimulus, which further depresses velocity of money, and requiring even further QEs. Also as countries compete in a diminishing pool by discounting currencies, global demand compresses, as current account surpluses in these countries rise not because of exports growing faster than imports but because imports decline faster than exports. This implies less demand for the global economy."

"The Heart Of The Economic Disorder Is A World Financial System That Has Gone Rogue"

"Europe has seen nothing like this for 70 years – the visible expression of a world where order is collapsing. The millions of refugees fleeing from ceaseless Middle Eastern war and barbarism are voting with their feet, despairing of their futures. The catalyst for their despair – the shredding of state structures and grip of Islamic fundamentalism on young Muslim minds – shows no sign of disappearing. Yet there is a parallel collapse in the economic order that is less conspicuous: the hundreds of billions of dollars fleeing emerging economies, from Brazil to China, don’t come with images of women and children on capsizing boats."

The Endgame Takes Shape: "Banning Capitalism And Bypassing Capital Markets"

"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."

"Carpe Chaos" - ISIS, Israel, Iraq, & Syria: It's All Part Of The Plan

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.

There's No Correlation Between Gun Ownership, Mass Shootings, & Murder Rates

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.

Obama Is Considering Gun Control Through Executive Order

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.

How Much Longer Can Our Unaffordable Housing Prices Last? (Spolier Alert: Not Much)

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?

The Death Of Cognitive Dollar Dissonance & The Remonetization Of Gold

“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.

The Devil's Dictionary Of Post-Crisis Finance, Part 1

Austerity: Also known as “sado-fiscalism”. A forlorn attempt to stave off government bankruptcy.

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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).