Archive - Jul 20, 2014

Facts be damned, everyone in the west, from the most crony politician to the biggest tabloid has "undisputed" proof Putin did it. But what now: what is the endgame? Once again the answer is simple: Western military intervention, this time in the conflict zone, under the guise of public anger against Putin, to reinforce the dwindling Ukraine army forces and to repel the separatists, in the process regaining the critical industrial regions of Ukraine which also are the location of vast natural gas deposits. Certainly showing to Gazprom just who was in charge of this key natural gas nexus wouldn't hurt either. After all the west has already invested so much in the current Ukraine government, it can't all be for nothing. And we know that because a few hours ago, the biggest Dutch newspaper, Telegraaf, openly asked for military intervention by NATO to protect MH 17 and calls Putin a "KGB liar."

At some point there is going to be a sea change in bonds.  The question is does the last week in July finally cause the Sea-Change in Bonds? 

Reading through the media coverage one might think that anyone wanting to come to the US can do so with relative ease. After all, there is an ongoing debate on providing amnesty to illegals and the system seems to be so overloaded at the border down south that why not just take your chances? However, for skilled professionals and expats the reality is quite different. These days employment opportunities in the US need to be carefully balanced against subjecting yourself to US laws and regulations, some of which are unique in the developed world and can have serious consequences on your wealth, wellbeing and even personal freedoms....  As Churchill once said, "Americans will always do the right thing once they run out of options". I just hope us foreigners will still be around to see it.

Would you like to have a digital identity card that is automatically issued to you at birth?  In one European nation, residents use such a card when they go to the hospital, when they do their banking, when they go shopping and even when they vote.  This card has become so popular that this particular European country actually plans to start issuing them to millions of non-citizens all over the planet who request them.  Never heard about this?  Neither had I before this week.  The Economist is calling for the entire planet to adopt this “national identification system” that the little nation of Estonia has adopted.  The Economist is touting all of the “benefits” of a “national identification card”, but are there dangers as well?  Could adopting such a system potentially open the door for greater government tyranny than we have ever known before?

With the rabbit hole of conspiracies getting deeper by the hour, video has emerged showing what appears to be the "black box" flight data recorder from Malaysia Airlines Flight MH17 being taken from the crash scene. As NBC reports, the men in the video are wearing Ukrainian Emergency Ministry uniforms, but a senior Ukrainian official told a news conference Sunday that rebels had taken the black boxes. This fits with reports from The Hill that pro-Russian separatists have located the black boxes for the downed Malaysia Airlines passenger jet and will hand them over to international authorities, according to separatist leader Alexander Borodai. With the US having offered more "proof" that Russia was involved, perhaps some facts from the Black Box will help clarify details in this dreadful situation... though we are not confident.

While the world's attention is focused on the tragic events in Ukraine, the fighting in Gaza has entered its 13th, and most deadly day, with at least 50 Palestinians killed on Sunday by Israeli shelling in a Gaza neighborhood, where "bodies were strewn in the street and thousands fled for shelter to a hospital packed with wounded, witnesses and health officials said." Reuters reports that the mass casualties in Shejaia, in northeast Gaza, were the heaviest since Israel launched its offensive, since expanded to a land offensive including tanks and troops. This has brought the total dead count on the Gaza side to over 400. According to elderly locals, today's Israeli shelling was the fiercest they had seen since the 1967 Middle East war, when Israel captured Gaza. Shifa hospital's director, Naser Tattar, said 17 children, 14 women and four elderly were among the 50 dead, and about 400 people were wounded in the Israeli assault.