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ISIS Gets Angrier At America: "We Will Drown All Of You In Blood"

Over the past month ISIS has been getting angrier (""God Willing, We Will Raise The Flag Of Allah In The White House" - A Deeper Look Inside ISIS") and angrier ("ISIS Issues Threat To White House; Secret Service Taking "Appropriate Steps") until today it released a video in which it warned the United States it will attack Americans "in any place" if continuing US raids hit its militants. The video, released by Reuters, which shows a photograph of an American who was beheaded during the U.S. occupation of Iraq, featured a statement which said in English "we will drown all of you in blood".



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Human Rights Watch USA – Amnesty International Deploys In America

“We criticize dictators for quelling dissent and silencing protestors with tactics like curfews, we’ll certainly speak out when it’s happening in our own backyard. The people of Ferguson have the right to protest peacefully the lack of accountability for Michael Brown’s shooting.” - Amnesty International USA’s executive director, Steven W. Hawkins



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Protesters Storm Governor's Office In Downtown St. Louis, Demand Removal Of National Guard

At first the rioting was only in the "sleepy" St. Louis suburb of Ferguson. Now, the angry crowds have moved on to downtown St. Louis, where moments ago a flash mob attempted storming the governor's office, for now unsuccessfully.



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A Brief History Of US Money

Looking at the past 100 years of the US dollar's history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those "temporary" emergency measures have a nasty habit of quickly becoming permanent. As we see the US money supply exponentially accelerating since the 1970s, and the Federal Reserve more than tripling its balance sheet since 2008, it's only prudent to ask the question: Without constraints, are we in danger of destroying the purchasing power of our currency by making too much of it?



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SEC (Finally) Begins Investigation Into CYNK's 36,000% Rise (And Fall)

Over six weeks ago we were the first to bring the investing world's (and SEC's) attention to CYNK technologies - a revenueless, assetless 'social network' shell that rapidly exploded in price and market cap soared to $6 billion. Since then it has come crashing back to 'sanity' levels - i.e. worthless - and now, as WSJ reports, The Securities and Exchange Commission is investigating. Their initial findings show a number of 'repeat offenders' linked to several stocks that suffered suspicious trading - just as we noted here...



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Occupation Forces

The US is unique in the world with regard to occupation. It has been estimated that the US has over 325,000 military personnel in over 1,000 overseas military bases in more than 150 countries, but statistics are widely conflicting. Generally, the American troops arrive to deal with some sort of conflict (either invited or uninvited), but unlike most other armies, they tend to remain for a long time beyond the stated “need.” There are those who praise this policy, stating that the US “keeps the world safe for democracy;” however, the US is known (at least to us outsiders) as a country that typically routs elected governments, installs corrupt and ineffectual puppet leaders, and seeks to control the occupied country as a satellite state. There are three major downsides to this policy...



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Confused How To Trade Jackson Hole? Goldman Explains

"With opinions mixed as to whether or not Jackson Hole will be the forum for Yellen to say something new, many are trying to figure out if it is a buy the rumor and then buy more after the fact event, a buy the rumor sell the fact event, or a do nothing with the rumors and then buy the fact if the USD is actually rallying after the fact event."



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Dilbert Explains The Tech Bubble With A Cartoon... From 1996

It's never different this time...



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Guest Post: Joblessness, Hopelessness, And Government Dependency

Of all the awful tensions roiling and coiling in American society, it’s only a little bit surprising that the racial module is blowing off now rather than, say, the stock market. Perhaps it’s a seasonal thing: race riots in the summer; stock market crashes in the fall, revolutions in the spring.



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Bulgaria Halts South Stream Pipeline Again As NATO F-15s, Troops Arrive

As we detailed previously, Bulgaria had been an enthusiastic supporter of the Russian-backed South Stream gas pipeline project, whose construction has stoked tensions between the West and Moscow as it enabled gas supply to bypass troubled Ukraine (thus squeezing the desparate economy back into Russia's hands). In early June, Bulgaria's Prime Minister Plamen Oresharski ordered an initial halt (after Europe offered the nation's suddenly collapsing banking system a lifeline). This time, Energy Minister Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project as it does not meet the requirements of the European Commission. Of course, we assume this decision (to halt a 2nd time) is entirely independent of NATO's deployment of 12 F-15s and 180 troops to Bulgaria's  Graf Ignatievo Air Base.



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California Now Suffering Worst Drought Ever, 2014 Hottest Year On Record

While most headlines are focused on the devastating drought in California, which by some measures is the worst on record, there is another 'factor' that has exploded to record highs - the heat. As Bloomberg reports, the California heat this year is like nothing ever seen, with records that go back to 1895 and with 70 percent of the state’s pastures rated “very poor to poor,” according to the USDA, things do not appear to be about to get better any time soon as The International Panel on Climate Change warns this "hot weather" is becoming simply "weather."



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Obama Deploys Eric Holder To Ferguson; Speaks About Race

Moments ago while taking a break from his vacation, the president announced that he would drag away the US attorney general Eric Holder neck deep in workload (which involves if not prosecuting criminal bankers, who as we know as too systemic to prosecute, then certainly punishing them by demanding their shareholders pay legal charges that amount to pennies on the dollar from the crime proceeds) to Ferguson on Wednesday, where he will meet with federal law enforcement authorities. And while Obama touched on the topic of the ongoing military campaign in Iraq, which he admitted would be a long-term "strategy", the most important excerpt of the speech by a president somewhat out of his comfort zone, were the following comments on the topic of race, where he was on thin ice: condemn the rioting too hard, and he could cost the democrats the "race" vote in the midterms; condemn the police response, and he would appear to be pandering to rioters and looters and put the police union vote in jeopardy.



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WHO Urges "Exit Screening" Of All Travelers In Ebola-Infected Countries As Reported Cases Go Parabolic

In its strongest-worded statement yet, the World Health Organization is urging strengthened international cooperation to stop transmission of Ebola to other countries. Most critically, WHO urges: "Affected countries are requested to conduct exit screening of all persons at international airports, seaports and major land crossings, for unexplained febrile illness consistent with potential Ebola infection." Falling short on banning international travel, WHO does warn non-affected countries to strengthen the capacity to detect and immediately contain new cases. Of course, in the interests of avoiding panic, they reiterate the risk of infection on a flight is low - which seems odd given that we get a cold every time we fly...



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Market Roulette: Dimes On Black, Dynamite On Red

The stock market is presently a roulette wheel with dimes on black and dynamite on red... The ‘buy the dip’ mentality can introduce periodic recovery attempts even in markets that are quite precarious from a full cycle perspective. Galbraith reminds us that the 1929 market crash did not have observable catalysts: “the crash did not come – as some have suggested – because the market suddenly became aware that a serious depression was in the offing... for it is in the nature of a speculative boom that almost anything can collapse it."

 



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President Obama To Explain Boots-On-The-Ground In Ferguson, But Not In Iraq - Live Feed

Having been forced to face up to the tense realities of 'leading the free world', President Obama's early return to Washington from his vacation likely means something of note is coming. With Iraq now transitioning from a humanitarian crisis to helping a troubled nation, it seems the advisers 'boots' that are not on the ground around the Mosul Dam are very much on the ground in Ferguson, Missouri. The deployment of the National Guard in Ferguson was not run by the White House PR department and so it will be intriguing to see whether Obama backs it or questions it... Of course, as the signs show below, the people of Ferguson want to know when he will visit...



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