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Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity

Ukraine hasn’t said how it immediately knew rebels downed Malaysian plane, notes the Russian Foreign Ministry, as it unveils 10 awkward questions for Ukraine (and perhaps the US 'snap judgment') to answer about the MH17 disaster. However, what is perhaps more concerning for the hordes of finger-pointers is that: RUSSIA HAS IMAGES OF UKRAINE DEPLOYING BUK ROCKETS IN EAST: IFX; RUSSIA DETECTED UKRAINIAN FIGHTER JET PICK UP SPEED TOWARD MH17. Obviously, if there is proof that this is so, aside from CIA-created YouTube clips, these would deal another unpleasant blow to US foreign policy.



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The Ambitious Plan To Break California Into 6 States – A Model For The Future?

The more one thinks about potential solutions to the gigantic mess we have found ourselves in as a species, the more one has come to believe we need to break apart into a vast multitude of city-states. The revolutionary concept of America in the first place was this idea of “self-governance,” something we do not posses an iota of in this day and age. As was noted recently in an academic paper published by Princeton and Northwestern, these United States have mutated into nothing short of an oligarchy. In fact, the study demonstrated that the will of the people has essentially zero impact on legislation whatsoever. The current overly centralized paradigm parasitically engulfing the planet will experience a series of spectacular collapses in the years ahead that will make 2008 look like practice. As the centralized beast episodically implodes upon itself, we will have a historic chance to remake our world in a new way that will better serve humanity. That new paradigm will consist of freedom through decentralization



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The New Scariest Chart In America

For the last few years, the 'scariest' chart for Europeans has been the unending surge in youth unemployment. However, amid all the sound and fury of mainstream US media discussions of the 'recovery' in America and the President's employment track record, Constantin Gurdgiev notes another 'scariest chart of the US recovery' that remains in full 'crisis mode'...

 



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With ISIS Now Controlling 35% Of Syria And Most Of Its Oil Fields, Iraq Issues An Ultimatum To The US

Remember when the extremist Al Qaeda spinoff ISIS (or, now known as Islamic State following the formation of its own caliphate in the middle of Iraq and Syria) was still a "thing" two weeks ago? In this case out of sight does not mean out of mind, and while the world has found a new story line to follow in the middle east with the war between Israel and Gaza, now in its 14th day - whenever it is not busy responding to emotional appeals about the MH 17 crash - ISIS has continued to expand and as Al Arabiya reports it "is now in control of 35 percent of the Syrian territory following a string of victories, the London-based Syrian Observatory for Human Rights said Friday."... Perhaps sensing the fact that the tide of war may be shifting for the worse, Iraq has become increasingly more vocal in demanding US assistance and a few hours ago went as far as to issue an ultimatum on the US - help us now or we will find another bigger borther - one who will actually help us.



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Vietnam Says China Backing Down In Oil Rig Dispute

A leading Vietnamese military officer said July 16 that China’s decision to remove a huge oil rig from waters claimed by both countries shows that it is backing down in a dispute that has raged since May. Luong dismissed a suggestion by the Voice of Vietnam, a state run news agency, that the rig was being moved to protect it from the approaching Typhoon Rammasun. The general called that “just an excuse." With majorities in nine of the 11 major Asian countries fearing military conflict, “It could be a face-saving way to end the over two-month-long standoff with Vietnam," one analyst noted.



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Spot The China Liquidity Crisis

Presented with little comment aside to ask, if everything's so hunky-dory over in China then why, on the first day in a while that the PBOC decides not to conduct repo operations (i.e. inject a bucketload of cheap money), does the 7-day repo rate (the cost of borrowing money) spike to 6-month highs? (Hint: it's a rhetorical question)



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Citi: "Asset Markets Are Ill-Prepared For Any Risk-Negative Shock"

This is a tricky period for asset markets, warns Citi's Steven Englander. Positioning still reflects a risk-on view but the risk-on enthusiasm is in EM, equities and Asia rather than peripheral Europe. Investors are still long risk, despite the geopolitical tensions and Fed Chair Yellen’s modest nod to the risk of faster than expected tightening, Englander cautions, concluding that investors continue to anticipate a soft landing despite all the discussion to the contrary.



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Possible Epidemic? The Chikungunya Virus Is Starting To Spread In America

Cases of the chikungunya virus are appearing in the United States at a level that is far higher than anything health officials have seen in recent years, and now there are two confirmed cases of people that have not even traveled out of the country getting the virus. That means that the chikungunya virus is starting to spread in America, and once it starts spreading it is really hard to stop. Fortunately, the U.S. has not really been affected by this disease in recent years, but an epidemic has already been declared in Puerto Rico, and some experts are now saying that it is only a matter of time before we see one in the United States.



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MSFT/IBM Boomerang'd As Russia Retaliates, Prepares To Cease Imports Of US IT

With the German economy already suffering (and AMD cutting its outlook), it appears Putin's promise to ensure Obama's action will see retaliation are starting to weigh as much on the rest of the world as Western media suggest US sanctions are weighing on Russia. This time, after blocking foreign cars and Intel/AMD chips, Bloomberg reports the State Duma, Russia’s lower house of parliament, is drafting a bill to require government agencies and state-run enterprises to give preference to local providers of software and hardware. For some context, IBM, Microsoft, HP, Cisco, Oracle, and Germany’s SAP SE had combined revenue of 285 billion rubles ($8.1 billion) from Russia (with 77% coming from government and SOEs). “This all has to do with sanctions,” warned one Russian politician.



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MH17 Will Usher In A Completely New Kind Of War - One The US Cannot Win

Just like a century ago when waning British power invited a power struggle among rising nations, waning US power is creating conflict with Russia, China, etc. A century ago, they settled it on the battlefield. The great war brought brutal mass killings, bombings, heavy artillery, gassing, etc. And it changed warfare forever. This time around, the way we conduct war is different. Similarly, leaders are miscalculating, thinking that they can scare their opponents with warships and fighter jets. But modern warfare isn’t fought with boots on the ground. In 2014, cyberwar and economic war looms. And this type of war is something that will affect literally every person who is plugged in to the global financial system.



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Ron Paul: What The Press Isn't Reporting About The MH17 Disaster

Just days after the tragic crash of a Malaysian Airlines flight over eastern Ukraine, Western politicians and media joined together to gain the maximum propaganda value from the disaster. It had to be Russia; it had to be Putin, they said. President Obama held a press conference to claim – even before an investigation – that it was pro-Russian rebels in the region who were responsible. His ambassador to the UN, Samantha Power, did the same at the UN Security Council – just one day after the crash! While western media outlets rush to repeat government propaganda on the event, there are a few things they will not report.



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How RenTec Made More Than $34 Billion In Profits Since 1998: "Fictional Derivatives"

From 1998 to 2013, Barclays and Deutsche Bank sold 199 basket options to hedge funds which used them to conduct more than $100 billion in trades. The subcommittee focused on options involving two of the largest basket option users, Renaissance Technology Corp. LLC (“RenTec”) and George Weiss Associates. The hedge funds often exercised the options shortly after the one-year mark and claimed the trading profits were eligible for the lower income tax rate that applies to long-term capital gains on assets held for at least a year. RenTec claimed it could treat the trading profits as long term gains, even though it executed an average of 26 to 39 million trades per year and held many positions for mere seconds. Data provided by the participants indicates that basket options produced about $34 billion in trading profits for RenTec alone, and more than $1 billion in financing and trading fees for the two banks.



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Gaza Right Now: In Pictures

The death toll among Palestinians from the Israeli offensive in the Gaza Strip reached over 500 on Monday, Gaza health officials said, as the two sides counted their dead following the bloodiest day of fighting so far in the two-week campaign. CBS reports the officials said some 3,150 Palestinians had been wounded. The IDF just announced 7 Israeli soldiers were killed today, raising the Israeli death toll to 25 (including 2 civilians). A glance at the stunning images below beggars belief that world equity markets (and Israel's) are shrugging at this escalating violence. We assume they 'believe' in the power of John Kerry.



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Malaysian Airlines In Hot Water Again, This Time For Flying Above War-Torn Syria

Fool me once, shame on you; fly civilians over a war-zone twice, shame on Malaysian Airlines. In what is perhaps the most incredulous news of today (aside from Kerry's belief that he will make a difference in Gaza) is, as BNO reports, a Malaysia Airlines passenger plane flying from Kuala Lumpur to London flew over Syria on Sunday... The U.S. Federal Aviation Administration (FAA) and other organizations have warned airlines for more than a year to avoid the entire country. “Information from the International Civil Aviation Organization and open source reports of surface-to-air missile firings,” the FAA said in a notice last year, describing the risk to civilian flights as “significant.” Of course, avoiding the world's ever-increasing warring nations is not easy - perhaps it is time to consider trans-polar travel...



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France Defies US, British Demands To Kill Mistral Sale To Putin... For Now

Moments ago it announced that while it is far "too late" to cancel the transaction of the first warship which will be delivered in October, regardless of how much farther European sanctions escalate, France would be willing to cancel the sale of the second Russian Mistral ship should sanctions be raised. Why? Because Russia still has not paid for said ship. Of course, keep in mind that this is the same France which was already punished to the tune of $9 billion a few weeks ago when the US slapped a record fine on BNP, and which resulted in a statement by none other than the head of the French central bank (issued on the US independence day) that the BNP case would merely encourage "diversification" away from the dollar. 



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