ETC

Will The Pentagon's Effort To Whip Up War Fever Work in This Internet Era?

We are in the midst of a huge propaganda blitz by the Pentagon and its affiliated military-industrial complex. We’ve seen the results before and hopefully they will not reoccur with such worldwide viciousness again. Is it possible that this time the Pentagon’s lurid lies will fail to awake public terror and instead incite indignation at military-industrial manipulations. That would be an outcome dearly to be desired in this awakening Internet era.

Don't Think Armageddon, Think "A Thousand Balls Of Flame... And Then Crickets!"

A whiff of World War III hangs in the air. In the US, Cold War 2.0 is on, and the anti-Russian rhetoric emanating from the Clinton campaign, echoed by the mass media, hearkens back to McCarthyism and the red scare. In response, many people are starting to think that Armageddon might be nigh - an all-out nuclear exchange, followed by nuclear winter and human extinction. It seems that many people in the US like to think that way. But most of the recent American warmongering toward Russia can be explained by the desire to find anyone but oneself to blame for one’s unfolding demise.

The War On Whistleblowers & Why America's Next President Will Kill Julian Assange

"I’m worried about Julian Assange. This is not a maternal instinct, but rather, a pragmatic one. The increasingly hostile statements made by top state officials and their surrogates show a widespread condemnation of whistleblowers in the halls of government. President Obama set the tone early in his administration. In the case of WikiLeaks founder Julian Assange, the rhetoric goes well beyond condemnation of methodology and straight to advocating for his brutal murder."

Close All Mosques, Ban Koran; Poll-Leading Dutch 'Freedom' Party Unveils De-Islamization Manifesto

Geert Wilders, head of the right-wing Dutch Freedom Party (PVV), launched a new manifesto that calls for the "de-Islamization" of the Netherlands" as he leads in the polls to become the next prime minister. Titled, "The Netherlands is ours again," Wilders calls for, among other things, the closure of all mosques and Islamic schools, a ban on the Koran and on "Islamic headscarves" in public, and "no more immigrants from Islamic countries."

Look Who Is Gutting The First Amendment!

"The [American Bar Association] wants to do exactly what the text calls for: limit lawyers' expression of viewpoints that it disapproves of...  state courts and state bars should resist the pressure to adopt it."

Another Warning Sign

While there are many hopes of an end to the current “profits” recession, there is mounting evidence those hopes may once again be disappointed. One of the latest such indications is rising employee compensation. While rising employee compensation is good from the view it should lead to rising consumption, it also reduces corporate profitability (wages reduce profits.) Furthermore, this is especially problematic currently as rising compensation is being offset by soaring healthcare costs due to the Affordable Care Act.

Jackson Hole'd - A New Monetary Order Looms

The title of this year’s Jackson Hole meeting – “Designing Resilient Monetary Policy Frameworks for the Future” – is a telling one. It is actually a call to a specific goal, rather than the typical generic one. You get the feeling that the Fed has something on its mind... Translation: Fed projections have been wrong, and the central bank doesn’t know how to make them any better in the future.

The Lowest Vol In A Lifetime

In times gone by, of course, exceptionally low financial market volatility was a source of concern for policymakers.   Such conditions, they knew, were unlikely to last but might encourage behaviour that could threaten financial stability when the volatility regime and market risk premia normalized. Fast forward to today, and while there has been the occasional brief mention of the reach for yield, there's been nary a mention of the potentially pernicious problems posed by low volatility.