There are certain ideas and positions all Americans are supposed to believe in and salute. Near the top of the list is equality, an idea for which we are never given a precise definition, but to which everyone is expected to genuflect. A libertarian is perfectly at peace with the universal phenomenon of human difference. He does not wish it away, he does not shake his fist at it, he does not pretend not to notice it. It affords him another opportunity to marvel at a miracle of the market: its ability to incorporate just about anyone into the division of labor... with a place for everyone in the market economy.
After surging stronger for 2 weeks, EM FX is starting to lose ground in early Asia trading following Fischer's comments Friday. The biggest losers so far are Turkish Lira, Russian Ruble, and Malaysian Ringgit which has dropped over 1% in early Asia trading - its biggest drop in a month. China expanded its regulatory crackdown to 11 more firms for "illegal stock operations" - i.e. selling - bringing the total to 41 firms. The PBOC Deputy Governor tells anyone who will listen that "China's market correction is nearly over," following the IMF annual meetings - "China's economy is basically stable" - and Chinese stocks are modestly higher in the pre-open (with Dow futures -40pts). Yuan at 2mo highs after strengthening 7 days in a row.
If the only gun violence statistics you see are disseminated by the mainstream media or left-wing anti-Second Amendment groups, then in all likelihood you are horrified by America’s murder culture. But what if what we’re being sold as truth is merely a means to achieve an agenda focused on seeing the American people totally disarmed?
Tired of the same old government-directed, politically-correct mainstream media diatribe of 'everything is awesome', good-guy-bad-guy, "this is what to think" news? Well this angry 'reporter' exposes what the real news would sound like...
Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After "Discovering" Another $2.7 Trillion In DebtSubmitted by Tyler Durden on 10/11/2015 - 20:26
The Fed has managed to kill two birds with one stone: it no longer provides a simple, one-stop-shop way to reconcile the total US credit stock, and it quietly boosted total US consolidated credit by $2.7 trillion to $62.1 trillion as of June 30, 2015.
Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling. Despite government statistics claining a 2.9% rise in household spending, Reuters reports Japanese retailers exclaimed "Consumer spending has ground to a halt," as Japan heads for a quintuple dip recession. Amid falling wages and higher costs, on apparel maker warned "shoppers are tightening their purse strings." The government's initial growth strategy did not really expand the pie, "now the government is simply left trying to redistribute wealth."
"...pushing rates into negative territory works in many ways just like a regular decline in interest rates that we’re all used to." That’s false - Negative interest rate proponents ignore the basic tenets of double entry accounting. We know that it is categorically false the negative rates are working in Europe. So what has happened to European bank deposits since the ECB instituted negative rates? They have shrunken. Has one single mainstream economist or proponent of negative rates mentioned that, ever? I suspect not. But facts have a way of eluding mainstream economists and central bankers.
Hayder al-Khoei, an associate fellow at Chatham House, notes that "another 'U.S. supports ISIS' video is going viral in Iraq." In the video US "parachutes & supply crates" are seen in the area of Iraq's Baiji refinery, a site of recurring ISIS incursions and battles. He adds that "Vids like this & others of helos flying above Hashd/ISF positions towards ISIS-held areas reinforce narrative that US supports ISIS in #Iraq."
We have exasperated ourselves on the subject to a manipulated mass of deafened sycophants. Just because the veil is lifted doesn’t mean anyone will look. So we will leave you with strictly the facts...According to state-run Makkah Newspaper in Saudi Arabia, the wealthy Gulf-nation is threatening its citizens with the death penalty for spreading rumors about the government on social media.
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."
"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."
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.
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.
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.
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."