Frontrunning: August 24

  • 'Voices under the rubble' after quake hits Italy; at least 38 dead (Reuters)
  • Turkish tanks, special forces launch first major push into Syria to battle IS (Reuters)
  • A Year After Stocks Armageddon, It’s Smooth Sailing for Markets (BBG)
  • Global stocks ease, dollar holds ground as U.S. rate bets abound (Reuters)
  • Merkel Tells Renzi He Can’t Bend Euro Rules to Boost Growth (BBG)

Turkish Tanks Enter Syria As Part Of "Anti-ISIS" Operation

Turkish tanks crossed the border into northern Syria Wednesday as part of "operations to clear ISIS terrorists "from the city of Jarabulus and to protect Turkey from the Islamic State and Kurds, Anadolu News Agency reported.

S&P Set For New Record Highs As Futures, Dollar Rise; Oil Slides

In a rerun of yesterday's overnight session, European indexes trade higher while US index futures were modestly in the green, set to propel the S&P 500 to new all time highs. Emerging Market dropped the most in three weeks alongside commodities, as today the market was predisposed hawkishly on a US rate hike ahead of Yellen's Friday speech, pushing the US dollar higher and oil resumed its pre "anonymous sources" headlines slide.

A History Of Manufactured Regime Change And Civil Unrest: Is America Next?

"...the strategy of engineered collapse of nations perpetrated by the CIA and globalist NGOs is now being perpetrated against the U.S. Yes, that's right, America is just as expendable to the elites as any other nation in their quest to create "order out of chaos", or a New World Order..."

Home Prices Are Soaring In America's 2nd Most Dangerous City

With home prices in San Francisco beyond the reach of all but the elitest of the elites, it appears the "just well off" are migrating to Oakland in search of affordable properties. Despite being the second most dangerous city in America, Bloomberg reports that Oakland’s housing market is still soaring even as growth cools in San Francisco as the East Bay city had California’s highest annual appreciation of home values and the biggest rent growth of the 50 largest U.S. cities.

Is The EU Volcano About To Erupt?

Europe is more splintered now in many ways than it was before the adoption of the Euro. Anger is visible everywhere. The volcano is ready to blow.

Illinois Warns Of "Crippling Tax Hikes", "Devastating Impact" If Largest Pension Fund Admits Reality

Action this week by Illinois' biggest public pension fund to lower its expected rate of return, could "cripple" the state's already fragile finances, Governor Rauner has warned. "If the (TRS) board were to approve a lower assumed rate of return taxpayers will be automatically and immediately on the hook for potentially hundreds of millions of dollars in higher taxes or reduced services... the unforeseen and unknown automatic cost increases would have a devastating impact."

Children Of The American Police State: Just Another Brick In The Wall

If you want a nation of criminals, treat the citizenry like criminals. If you want young people who grow up seeing themselves as prisoners, run the schools like prisons. But if you want to raise up a generation who will actually operate with justice, fairness, accountability and equality towards each other and their government, then run the schools like freedom forums. Remove the metal detectors and surveillance cameras, re-assign the cops elsewhere, and start treating our nation’s young people like citizens of a republic and not inmates in a police state.

The US Has A Huge Rate Of Whites In Incarceration (But Nobody's Talking About It)

Newly released data is helping shed light on America’s incarceration problem, demonstrating that only the small archipelago of Seychelles, located in the Indian Ocean off East Africa, has a higher incarceration rate than the U.S. But when studied carefully, the rates demonstrate yet another trend: America’s white prison population has been increasing in recent years while the number of blacks in prison has been dropping - and nobody is talking about it.

The Chimera Of 'Stable' Money

'Stable' money was a chimera. It did not bring stability to the world economy. It did not counter the instability emanating from deposit banking. It actually added to the severity of booms and busts. To function efficiently, capitalism needs a foundation of sound money, not stable money.