If the West continues its "destructive sanction policy," Kremlin spokesman Dmirty Peskov said Moscow will deploy additional 'protective' measures. Peskov warned, "we have said several times that Russia is not a fan of speaking in terms of sanctions and has not been an initiator. But if our partners continue their non-constructive and even destructive practices, then additional measures will be developed." Of course, this escalation is merely pent-up de-escalation and therefore good reason to buy US stocks, except bonds seem a little concerned this morning that Putin's blowback will dent global growth further.
Ferguson Tonight: Nelly, The Negro Spring, Live Fire From Protesters' Direction, Police Unleash Tear Gas, Flash-Bangs - Live FeedSubmitted by Tyler Durden on 08/18/2014 - 23:56
UPDATE: Tension between heavily armed police and protesters is increasing rapidly, arrests made:"if you are standing in the street or not moving, you are unlawfully assembled... you will be subject to arrest"
Live fire from the direction of protesters, police unleash tear gas and stun grenades, drag people from car. "that's the worst I have seen it"
With the curfew cancelled, the arrival of The National Guard has brought with it new 'rules' as standing become loitering and peaceful protests must keep moving. Several arrests have already been made including 'white' Getty Images photographer Scott Olson. St.Louis native and famous rapper Nelly is on the scene suggesting the people have 'options'. Several protesters have been spotted carrying posters with the words "Negro Spring" on them and this term is beginning to gain traction on social media. As darkness falls (and with no curfew-induced deadline), we suspect the presence of the military will do nothing to resolve roiling tensions as the numbers of protesters is rising rapidly. Perhaps John Oliver said it best - "let's totally demilitarize the police; and if and only if they can get through a month without killing a young black man can get their toys back."
Over the past month ISIS has been getting angrier (""God Willing, We Will Raise The Flag Of Allah In The White House" - A Deeper Look Inside ISIS") and angrier ("ISIS Issues Threat To White House; Secret Service Taking "Appropriate Steps") until today it released a video in which it warned the United States it will attack Americans "in any place" if continuing US raids hit its militants. The video, released by Reuters, which shows a photograph of an American who was beheaded during the U.S. occupation of Iraq, featured a statement which said in English "we will drown all of you in blood".
“We criticize dictators for quelling dissent and silencing protestors with tactics like curfews, we’ll certainly speak out when it’s happening in our own backyard. The people of Ferguson have the right to protest peacefully the lack of accountability for Michael Brown’s shooting.” - Amnesty International USA’s executive director, Steven W. Hawkins
At first the rioting was only in the "sleepy" St. Louis suburb of Ferguson. Now, the angry crowds have moved on to downtown St. Louis, where moments ago a flash mob attempted storming the governor's office, for now unsuccessfully.
Looking at the past 100 years of the US dollar's history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those "temporary" emergency measures have a nasty habit of quickly becoming permanent. As we see the US money supply exponentially accelerating since the 1970s, and the Federal Reserve more than tripling its balance sheet since 2008, it's only prudent to ask the question: Without constraints, are we in danger of destroying the purchasing power of our currency by making too much of it?
Over six weeks ago we were the first to bring the investing world's (and SEC's) attention to CYNK technologies - a revenueless, assetless 'social network' shell that rapidly exploded in price and market cap soared to $6 billion. Since then it has come crashing back to 'sanity' levels - i.e. worthless - and now, as WSJ reports, The Securities and Exchange Commission is investigating. Their initial findings show a number of 'repeat offenders' linked to several stocks that suffered suspicious trading - just as we noted here...
The US is unique in the world with regard to occupation. It has been estimated that the US has over 325,000 military personnel in over 1,000 overseas military bases in more than 150 countries, but statistics are widely conflicting. Generally, the American troops arrive to deal with some sort of conflict (either invited or uninvited), but unlike most other armies, they tend to remain for a long time beyond the stated “need.” There are those who praise this policy, stating that the US “keeps the world safe for democracy;” however, the US is known (at least to us outsiders) as a country that typically routs elected governments, installs corrupt and ineffectual puppet leaders, and seeks to control the occupied country as a satellite state. There are three major downsides to this policy...
"With opinions mixed as to whether or not Jackson Hole will be the forum for Yellen to say something new, many are trying to figure out if it is a buy the rumor and then buy more after the fact event, a buy the rumor sell the fact event, or a do nothing with the rumors and then buy the fact if the USD is actually rallying after the fact event."
It's never different this time...
Of all the awful tensions roiling and coiling in American society, it’s only a little bit surprising that the racial module is blowing off now rather than, say, the stock market. Perhaps it’s a seasonal thing: race riots in the summer; stock market crashes in the fall, revolutions in the spring.
As we detailed previously, Bulgaria had been an enthusiastic supporter of the Russian-backed South Stream gas pipeline project, whose construction has stoked tensions between the West and Moscow as it enabled gas supply to bypass troubled Ukraine (thus squeezing the desparate economy back into Russia's hands). In early June, Bulgaria's Prime Minister Plamen Oresharski ordered an initial halt (after Europe offered the nation's suddenly collapsing banking system a lifeline). This time, Energy Minister Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project as it does not meet the requirements of the European Commission. Of course, we assume this decision (to halt a 2nd time) is entirely independent of NATO's deployment of 12 F-15s and 180 troops to Bulgaria's Graf Ignatievo Air Base.
While most headlines are focused on the devastating drought in California, which by some measures is the worst on record, there is another 'factor' that has exploded to record highs - the heat. As Bloomberg reports, the California heat this year is like nothing ever seen, with records that go back to 1895 and with 70 percent of the state’s pastures rated “very poor to poor,” according to the USDA, things do not appear to be about to get better any time soon as The International Panel on Climate Change warns this "hot weather" is becoming simply "weather."
Moments ago while taking a break from his vacation, the president announced that he would drag away the US attorney general Eric Holder neck deep in workload (which involves if not prosecuting criminal bankers, who as we know as too systemic to prosecute, then certainly punishing them by demanding their shareholders pay legal charges that amount to pennies on the dollar from the crime proceeds) to Ferguson on Wednesday, where he will meet with federal law enforcement authorities. And while Obama touched on the topic of the ongoing military campaign in Iraq, which he admitted would be a long-term "strategy", the most important excerpt of the speech by a president somewhat out of his comfort zone, were the following comments on the topic of race, where he was on thin ice: condemn the rioting too hard, and he could cost the democrats the "race" vote in the midterms; condemn the police response, and he would appear to be pandering to rioters and looters and put the police union vote in jeopardy.
WHO Urges "Exit Screening" Of All Travelers In Ebola-Infected Countries As Reported Cases Go ParabolicSubmitted by Tyler Durden on 08/18/2014 - 17:15
In its strongest-worded statement yet, the World Health Organization is urging strengthened international cooperation to stop transmission of Ebola to other countries. Most critically, WHO urges: "Affected countries are requested to conduct exit screening of all persons at international airports, seaports and major land crossings, for unexplained febrile illness consistent with potential Ebola infection." Falling short on banning international travel, WHO does warn non-affected countries to strengthen the capacity to detect and immediately contain new cases. Of course, in the interests of avoiding panic, they reiterate the risk of infection on a flight is low - which seems odd given that we get a cold every time we fly...