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WHO Lied As Congo Admits To Ebola Outbreak While Ebola-Infected Brit Returns Home

It appears that yet another international organization has been caught lying. Three days ago, in a clear attempt to avoid spreading a panic, a WHO spokesman when asked if the latest Ebola-like disease to claims over 70 lives was the virus in question responded, "this is not Ebola." He lied:  Reuters confirms: Democratic Republic of Congo declared an Ebola outbreak in its northern Equateur province on Sunday after two out of eight cases tested came back positive for the deadly virus, Health Minister Felix Kabange Numbi said. "I declare an Ebola epidemic in the region of Djera, in the territory of Boende in the province of Equateur," Kabange Numbi told a news conference. Sadly, this simply means that the WHO is just the latest global organization willing to sacrifice its credibility in order to avoid the spread of social panic, even though the truth always emerges in the end, and when society realizes it can't even trust those mandated with telling the truth, the end panic is orders of magnitude worse.



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Stunning Footage Of Israeli Strike Leveling 12-Story Gaza Building

Late on Saturday afternoon, supposedly in retaliation for yet another round of shelling by Hamas now that the X+1 "ceasefire" has failed to lead to anything tangible, Israel bombed an apartment tower in Gaza City, collapsing the 12-story building with 44 apartments. The dramatic strike is shown in the blip below. Amazingly, while dozens were wounded in the strike, no one was killed, Palestinian officials said.



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Fact Or Fiction: US Treasury 'Agents' Go Undercover Posing As Russian Businessmen

This one is almost too sensational to be real. Almost. Jon Corzine (of MF Global) walks the streets a free man. Yet FinCEN is wasting taxpayer resources sending undercover agents to entrap some offshore casino, and they act as if they’ve infiltrated a major terrorist organization. Amid all the debt, graft, and incompetence that’s so prevalent today in government, this is another sad testament to the direction that things are headed.



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How Hedge Funds Are Making Money In 2014: The Full Strategy Breakdown

As part of his latest weekly report, Goldman's David Kostin breaks down the full array of strategy "baskets" used by hedge funds at this moment to outperform the market in 2014. In a nutshell, here are the best and worst performing HF strats so far in 2014.



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India, Pakistan Intensify Shooting Across Border; Iran Downs Israel Drone; ISIS Seizes Military Airport

Since in the New Normal no geopolitical events appear to have any adverse impact on risk and asset prices (because the central banks are always there to protect investors should the market "plunge" by say 5%) with general newsflow completely irrelevant on what has been a straight line up in the S&P since the announcement of QE4 in December 2012, one might as well see how much further geopolitical events can be pushed further before it all crashes. In other words, time for this weekend's geopolitical update which covers everything from India, Pakistan, Iran, Israel, Iraq, Syria and Qatar. 



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Krugman's Keynesian Crackpottery: Wasteful Spending Is Better Than Nothing!

Janet Yellen has essentially confirmed QE’s demise; good riddance. Unfortunately, I don’t think that is the final end of QE in America, just as it hasn’t been the end time after time in Japan (and perhaps now Europe treading down the same ill-received road). The secular stagnation theory, that we think has been fully absorbed in certainly Yellen’s FOMC, sees little gain from it because, as they assume, the lackluster economy is due to this mysterious decline in the “natural rate of interest.” Therefore QE in the fourth iteration accomplishes far less toward that goal, especially with diminishing impacts on expectations in the real economy, other than create bubbles of activity (“reach for yield”) that always end badly. What Krugman and Summers call for is a massive bubble of biblical proportions that “shocks” the economy out of this mysterious rut, to “push inflation substantially higher, and keep it there.” In other words, Abenomics in America. Japanification is becoming universal, and the more these appeals to generic activity and waste continue, the tighter its “mysterious” grip.



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San Francisco Bay Area Hit By Strongest Earthquake In 25 Years; Wine Country Shakes - LIve Webcast

An earthquake of 6.0 magnitude, the largest in the region for 25 years, shook the San Francisco Bay Area early on Sunday, waking residents and causing some power outages and minor damage, according to initial reports.



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China’s Reaction: America Is A “Disgusting Thief Spying Over His Neighbor’s Fence”

"Their various reconnaissance aircraft have been wandering around foreign airspace for decades and watching the military secrets of other countries like a disgusting thief spying over his neighbor’s fence. However, when the neighbor comes back with a big stick, the thief will turn tail and run away, blaming the neighbor. When you show people weakness, they will bully you. When you show people strength, they will respect you. We believe the Chinese Air Force and Naval aviation should maintain a high level of vigilence and morale in southeast coastal region to prevent the further US action. America has lost face and does not want to show the world they are sick. They have been lording over other countries for so long, and they will never let it go after they eat this loss."



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ISIS Just Crossed "The Line"

Unthinkable...



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Putin's Chief 'Integration' Advisor Warns "Transition Has Always Come About Through War"

When we last met Sergei Glazyev, Vladimir Putin's chief 'integration' adviser (who has been regularly featured on these pages in the past (see Putin Adviser Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions and Putin Adviser Proposes "Anti-Dollar Alliance" To Halt US Aggression Abroad for two examples) he explained "how the U.S. military and oligarchs are trying to maintain leadership in the global competition with China." Arguably the best informed main in Russia, his perspective seems important to grasp as he considers "The world today is going through a year of overlapping cyclical crises. This is a period when the global economy is changing as the structure that has driven economic growth for 30 years has exhausted itself. The world needs to transition to a new system and transition has always come about through war..."



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The G-20's Solution To Systemically Unstable, "Too Big To Fail" Banks: More Debt

Another day, another brilliant scheme from the think-tank that is the G-20: prevent systemic collapse from TBTF banks loaded up with record amounts of debt by forcing them to... issue more debt.



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Europe's Real Borrowing Costs

Just what Europe needs... more QE... this is the real problem - not only is demand for credit weak in the periphery as the balance sheet recession rolls on, but "real" borrowing costs are at near-record highs... Despite Draghi's earlier comments and promises, cramming SME loans down the throats of borrowers at suppressed risks will do nothing but kill bank balance sheets (most critically the ECB's)...



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Former Mafia Boss Tells CNBC: "Stocks Are In A Bubble, Buy Physical Gold"

Michael Franzese, a former mob boss for the Colombo crime family in New York (and GoodFellas character), told CNBC, "there's a bubble there that's going to burst at some point and when it does it's not going to be good," but there is another reason he says investors should avoid the U.S. stock market - "I did a lot of things at times with people on Wall Street.. a lot of guys are shady and they did shady things with me and I don't trust them. And I don't like other people that I don't know really well taking care of my money." As we noted earlier, his advice is to hold gold (in Physical bullion bars not ETFs), because "there will always be something there," unlike stocks "where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone."



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Mystery Chart Of The Day - Obama Vacation Edition

Amid both domestic and world crises, which accounted for just 3 Press Statements during President Obama's 15-day vacation to Martha's Vineyard, he found time for other things...



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Inflation Watch: Is The $5 Bill The New $1 Bill?

Events, food purchased away from home and live entertainment are increasingly unaffordable to the bottom 90%.



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