ETC

The Fed's 3rd Mandate & The Value Of Cash

Jan 2008: Bernanke "The Federal Reserve is not currently forecasting a recession." Jun 2008: Bernanke "The risk that the economy has entered a substantial downturn appears to have diminished." Jun 2016: Yellen "chances of recession this year are 'quite low'... The U.S. economy is doing well. My expectation is that the U.S. economy will continue to grow." Channelling Bernanke?

Eerie Calm Across Markets One Day Before The Main Event: Asia, Europe, US Unchanged

There is an eerie quiet across markets, one day before the year's main risk event: with the UK referendum vote starting in less than 24 hours and results due out shortly after, it is as if even the algos have stopped frontrunning other algos, in a market so thin and illiquid even the smallest order can result in a gap, either higher or lower. As a result, European, Asian stocks and S&P futures are little changed ahead of Thursday, with the Stoxx Europe 600 Index swinging between gains and losses more than five times so far today.

America’s One-Party Government

This is how America became a dictatorship. Instead of there being any longer a political party that represents the aristocracy, being opposed by a political party that represents the people, there are two political parties that represent two sides of the aristocracy: on the one side (the Democratic Party) are the «noblesse oblige» aristocrats, and on the other side are the «greed is good» aristocrats. The people are merely servants; they are ‘dispensable’, just like ‘dispensable’ nations are (every nation except America).

Peak Oil Consumption Dead Ahead (But Price Is Anybody's Guess)

global oil consumption is likely soon to peak (OECD to continue declining; China+Russia+Brazil to begin declining; Africa+India flatlining; the RoW the wildcard)... and all those spouting EIA estimates are likely spouting bogus information. However, this isn't just true for oil consumption but true for most commodity consumption & general consumption world over.

The State Department's Collective Madness

Over the past several decades, the U.S. State Department has deteriorated from a reasonably professional home for diplomacy and realism into a den of armchair warriors possessed of imperial delusions, a dangerous phenomenon underscored by the recent mass “dissent” in favor of blowing up more people in Syria. The neocons and liberal hawks who control the State Department – and are eagerly looking forward to a Hillary Clinton presidency – will never stop coming up with these crazy notions until a concerted effort is made to assess accountability for all the failures that that they have inflicted on U.S. foreign policy. Until then, the madness will continue and only grow more dangerous.

Greeks Send An Open Letter To UK Citizens About Brexit

Dear friends of democracy in the UK,

We want to express our solidarity as we know that you have to take a historical decision for your country and for your people, as we did last summer. On 23rd June 2016 you will have to decide in a referendum on the United Kingdom’s membership of the European Union. A referendum is a direct democratic element, the highest expression of the peoples will, a privilege and a rare opportunity in the European Union.  You have now the historical chance to mark your national independence day and stop the further transformation of Europe into a European dictatorship.

Read This Before The Government Uses The Orlando Shooting To Start Another War

Despite the CIA’s report acknowledging it found no tangible connections between Mateen and the so-called Islamic state, the narrative concerning his ISIS ties saturated mainstream headlines for days, almost certainly cementing the link in the public’s mind. Disgruntled politicians eager to overthrow Assad - thus also carrying out Saudi goals - can now facilely flip the script to assert deposing the Syrian government is necessary in the fight against everyone’s enemy, the Islamic State..."Failure to stem Assad’s flagrant abuses will only bolster the ideological appeal of groups such as Daesh [ISIS, etc.], even as they endure tactical setbacks on the battlefield."

Noam Chomsky On The Breakdown Of American Society & A World In Transition

The US is facing uncertain times. While it remains the only global superpower, it is no longer able to influence events and outcomes to its liking, at least not for the most part. Frustration and worry about the risk of upcoming disasters seem to far outweigh US voters' hopes for a more rational and just world order. Meanwhile, Noam Chomsky argues, the rise and popularity of Donald Trump is occurring due to the fact that US society is breaking down. In this exclusive interview with Truthout, Noam Chomsky addresses contemporary developments in both the United States and around the world and challenges prevailing views about class warfare, neoliberalism as the outcome of economic laws, the role of the US as a global power, the status of emerging economies and the power of the Israel Lobby.

Orlando Victims Died Because They Were Unarmed - Not Because They Were Gay

In the end, the danger represented by “lone wolf” terrorism or organized terrorism is energized by the American public’s refusal (on both the Left and the Right) to accept that the only practical solution is an armed and trained citizenry.  We can argue for an eternity about “hate crime,” Islamic integration, government vigilance, etc.  None of it will amount to jack.  Nothing will ever be accomplished.  The real debate, the debate that the establishment does not want the American public to entertain, is the debate over our level of personal preparedness.

The Fed Has Brought Back "Taxation Without Representation"

So, Wall Street banks control the boards of directors at the Fed banks. The Fed bank boards of directors appoint the committee members who set monetary policy. And the monetary policy they set ends up being a gigantic tax... a transfer of wealth from the middle class to a tiny group of beneficiaries, including the US government and the banks themselves. This is an unbelievable scam... and it truly is taxation without representation. Unelected bureaucrats impose their will over the entire financial system in a way that benefits a handful of people at the expense of everyone else.

The Disaster Of De-industrialization

Once a nation no longer produces essential goods and services, and depends on financial games or commodities to pay for industrial goods and food produced elsewhere, it becomes vulnerable to a collapse in the financial games and the commodity markets that made it all too easy to succumb to de-industrialization.