Seymour Hersh: Obama's Entire Account Of bin Laden's Death Is One Big Lie; This Is What Really HappenedSubmitted by Tyler Durden on 05/11/2015 19:23 -0400
"The White House’s story might have been written by Lewis Carroll: would bin Laden, target of a massive international manhunt, really decide that a resort town forty miles from Islamabad would be the safest place to live and command al-Qaida’s operations? It was inevitable that the Obama administration’s lies, misstatements and betrayals would create a backlash... High-level lying nevertheless remains the modus operandi of US policy, along with secret prisons, drone attacks, Special Forces night raids, bypassing the chain of command, and cutting out those who might say no." - Seymour Hersh
- ‘Flash Crash’ Overhaul Is Snarled in Red Tape (WSJ)
- ECB Considers Tighter Noose on Greek Banks (BBG)
- Dollar Falls as U.S. Data Cast Doubt on Fed Policy Tightening (BBG)
- Market U-Turn Rams Hedge Funds (WSJ)
- Greece makes 200 million euro IMF payment due Wednesday (Reuters)
- Greek unemployment was 25.4 percent in February (Reuters)
- J.P. Morgan’s Barista-Turned-Banker Sees Good Things Brewing (WSJ)
Futures Levitate Following Worst Chinese Mfg PMI In One Year, Brent At 2015 Highs; Bund Slide ContinuesSubmitted by Tyler Durden on 05/04/2015 06:45 -0400
The best news for stocks is twofold: volumes continue to be lethargic with both the UK (May Day bank holiday) and Japan closed until Thursday (Golden Week), while the bulk of the S&P500 has now exited the stock buyback quiet period. As such, ignore record equity outflows - all the matters is that corporate CFOs, flush with brand news bond issuance cash, will tell their favorite Wall Street trading desk to buy stocks at just the right inflection point sending the market surging just as shorts once again test the downtrend and the 50 DMA.
The story of Jade Helm — the name for the upcoming military exercises in Texas, California, Arizona, Utah, New Mexico, Colorado, and Nevada — has taken a decisive turn for the absurd as Texas Governor Greg Abbott has now called on the Texas Guard to (literally) monitor military drills conducted by US special forces after local residents suggested the exercises could be the precursor to a federal invasion of Texas. Only in America.
Following meetings with Sec. of State John Kerry, Defense Sec. Ashton Carter, Japanese officials, it appears, have been shown the endgame now that the Keynesian farce is over... As AFP reports, Japan’s military to take on more assertive role, according to Japanese officials as Japan and US bolster their alliance for the first time in 18 years. Noting the alliance "serves as the cornerstone of peace in AsiaPac," and that the Senkakus will fall under protection of this new treaty, we suspect the Chinese will have more than a few things to say about this.
The leniency shown former CIA Director (and retired General) David Petraeus by the Justice Department in sparing him prison time for the serious crimes that he has committed puts him in the same preferential, immune-from-incarceration category as those running the financial institutions of Wall Street, where, incidentally, Petraeus now makes millions. By contrast, “lesser” folks – and particularly the brave men and women who disclose government crimes – get to serve time, even decades, in jail. Behold, the virtual immunity enjoyed by the well connected.
The lines have been drawn in many police departments: it’s us vs. them. Trust in many departments has been utterly shattered within some communities because the police hold themselves to a different standard than they do the populace. But the recent cases of police brutality are simply a symptom of a much larger problem. Society in the US is breaking down, civility has been lost, and the country is rapidly becoming uncivilized. This extends within and across all of the most important institutions.
"I have no way of imagining what the United States will be like in your adulthood and yet I can sense that this country is changing in unsettling ways... Stretch anything far enough and it’ll begin to tear, fragment, break apart. That, I suspect, may be a reasonable summary of what’s been happening in our twenty-first-century world. Under stress, things are beginning to crack open... Though you don’t know it yet, you’re already living in an increasingly lopsided world whose stresses only seem to be multiplying. This has been true for the return of plutocracy...It certainly doesn’t look like the American world I’d want to turn over to you."
USA USA USA #15? Despite aerial bombardment, growing tensions with every neighbor, and the almost ubiquitous daily car-bombs, Israelis are "happier" than Americans according to Bloomberg's world happiness index. Happiness, it appears, is most abundant a long way from the equator with Switzerland, Iceland, Denmark, Norway, and Canada all topping the list; whereas the unhappiest nations are all in Saharan or sub-Saharan Africa (apart from war-torn Syria and Afghanistan).
Noam Chomsky: "The Idea Of A Media Which Does Not Repeat US Propaganda Is Intolerable To American Leaders"Submitted by Tyler Durden on 04/20/2015 21:32 -0400
"Take the New York Times -- the greatest newspaper in the world. Take one example, at the first article that appeared today, that the tentative [nuclear] agreement with Iran was reached. It’s a thinkpiece, by Peter Baker, one of their main analysts. He discusses in it the main reasons to distrust Iran, the crimes of Iran. It’s very interesting to look at. The most interesting one is the charge that Iran is destabilizing the Middle East because it’s supporting militias which have killed American soldiers in Iraq. That’s kind of as if, in 1943, the Nazi press had criticized England because it was destabilizing Europe for supporting partisans who were killing German soldiers."
China is looking to succeed where the United States has failed. Beijing — which, as a reminder, claims it will not use its regional infrastructure development initiatives as a tool of foreign policy — is now set to facilitate the construction of nearly $50 billion in power plants, roads, and railways in neighboring Pakistan. The proposal, which will give China access to the Indian Ocean via the Gwadar port on the Arabian Sea, is part of President Xi Jinping’s ambitious “Silk Road” Economic Belt, and importantly, will likely include financing for the completion of the "Peace Pipeline," which will carry natural gas from Iranian gas fields across Pakistan.
The American people remain eager to be persuaded that a new president in the White House can solve the problems that plague us. Yet no matter who wins this next presidential election, you can rest assured that the new boss will be the same as the old boss, and we - the permanent underclass in America - will continue to be forced to march in lockstep with the police state in all matters, public and private. It really doesn’t matter what you call them - the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex - so long as you understand that no matter which party occupies the White House in 2017, the unelected bureaucracy that actually calls the shots will continue to do so.
The propagandistic American “media” and the crazed neoconservatives have set humanity on the path to destruction. The American people and the entire world need to understand that the threat to life on earth resides in Washington and that until Washington is fundamentally and totally changed, this threat will remain as the worse threat to life on earth. Global Warming can disappear instantly in Nuclear Winter.
Vladimir Putin holds his annual live Q&A event where, over the course of more than four priceless hours, the Russian President takes questions from across the country and discusses everything from foreign relations, to military might, to his sleeping habits, to not wanting to be cloned.
It is quite obvious that Russia cannot substitute the West and in particular European countries with someone else. It is impossible for historical and cultural reasons, the abundance of industrial relations, geographical proximity and so on. Moscow can however substantially weaken such dependency through the strengthening of political, military, financial and economic relations with other countries which are friendlier and less susceptible to pressure from Washington. Islamic Republic of Iran (IRI) holds a special place amongst countries friendly to the Russian government, and strategic dialogue is being actively developed with it.