The fundamental problem with real estate is cost. The average household, whether renters or homeowners, is allocating too much of its income to housing. As a result, public policies are likely to continue in the direction of more subsidies, such the Federal Reserve’s manipulation of long term rates, and more regulations, such as eviction and foreclosure prevention, and rent controls. Real estate, could become a lot less “real” in the foreseeable future. As the market has witnessed since 2007, the Government could dictate the conditions of real estate ownership, even when it was not the lender. Today, it is in full control.
The historical relationship between the United States and Russia can hardly be described as rosey. The two countries are inextricably linked due to the Cold War era, with the world’s two modern superpowers having enjoyed an extremely suspicious relationship with one another for decades during the 20th century. Which of the two superpowers has the greater military provisions?
The daily bulletin of Italy’s Communist Refoundation Party published today the apparently official program of the Greek coalition of the left, Syriza. Here the 40 points of the Syriza program...
Kyle Bass would hold an economic summit every year at his ranch in East Texas. He would kick off the festivities by introducing his sniper friends.
Since last May (and likely long before) when the topic of "de-dollarization" was first uttered in official circles (and not just tin-foil-hat-wearing blogs), the rest of the world (un-isolated as they are) has been warming to the idea that perhaps - just perhaps - it is time to de-dollarize (more or less depending on the despotic region in question). From currency swap agreements to bi-lateral trade agreements to selling US Treasuries and greatly rotating USD reserves into gold, the world's nations (small and large) appear less and less comfortable holdings dollars in this tempestuous world. Among the supporters of that first "de-dollarization" meeting were China and Iran and while the former continues to work down its exposure, the latter - Iran, according to Tasnim news agency, has almost entirely eliminated USDollars from its reserves and is no longer using dollars in foreign trade. De-dollarization complete...
The face of America's unauthorized offshore wars has changed over the years, and these days it can most often be found watching the infrared screen of a terminal in some heavily-guarded air force base on US soil, operating heavily-armed, remote-controlled drones thousands of miles away, tasked with executing a lethal mission which usually involves one or more "collateral" casualties. For almost five years, Brandon Bryant was one of those faces, and worked in America's secret drone program bombing targets in Afghanistan and elsewhere. He was told that he helped to kill 1,626 people, but as time went by he felt uneasy with what he was doing. He found it hard to sleep and started dreaming in infra-red.
Another day goes by. Another day of the West’s (the One Bank’s) economic terrorism against Russia: an overt attack on that nation’s currency, and thus the economy itself. As noted in the commentary which preceded this; such economic terrorism against the ruble damages Russia’s economy, on a percentage-for-percentage basis.
Another day of defiance: by Russia itself, and (increasingly) the Rest of the World. We now know that part (and perhaps most) of the motive for this escalation of Western terrorism against Russia is gold.
The intentional erosion of public privacy is no accident. It’s not merely a simplistically stupid overreaction to the dangerous world we live in either. It is a very deliberate and nefarious plan being intentionally implemented by the American oligarchy; i.e., the super rich and the super powerful. This is precisely why the establishment freaked out about the Edward Snowden revelations, and it is why every single minor event is immediately manipulated into an excuse to give the government and intelligence agencies more power. While we already know a lot about the NSA’s unconstitutional and fascist policies when it comes to the web, the decimation of the 4th Amendment is also being eagerly practiced at a more local level by police departments across the country.
UPDATE: Full SOTU Speech released - "THE SHADOW OF CRISIS HAS PASSED"
By now it is well known that The State of The Union tonight will be about President Obama's Robin-Hood Agenda. Furthermore, it is entirely clear that his proposals have no chance of becoming law. As WaPo's Marc Thiessen notes, Obama is not delusional, his move is completely and transparently political... And just as Eric Cantor suggests will merely serve to inflame the GOP. From taxes to cyber security and from community college to housing... in 50-65 minutes, all will be clear...
The fix for low oil prices is... low oil prices. Past some point high-priced producers will naturally stop producing, the excess inventory will get burned up, and the price will recover. Not only will it recover, but it will probably spike, because a country littered with the corpses of bankrupt oil companies is not one that is likely to jump right back into producing lots of oil while, on the other hand, beyond a few uses of fossil fuels that are discretionary, demand is quite inelastic. And an oil price spike will cause another round of demand destruction, because the consumers, devastated by the bankruptcies and the job losses from the collapse of the oil patch, will soon be bankrupted by the higher price. And that will cause the price of oil to collapse again. And so on until the last industrialist dies...
It seems like an eternity ago when Obama delivered the following extensively choreographed "Statement by the President on ISIL", in which he praised US anti-terrorist tactics, giving Yemen and its "partners" as an example of "successful" US foreign intervention. To wit: "This counterterrorism campaign will be waged through a steady, relentless effort to take out ISIL wherever they exist, using our air power and our support for partner forces on the ground. This strategy of taking out terrorists who threaten us, while supporting partners on the front lines, is one that we have successfully pursued in Yemen and Somalia for years." He may want to scrub that statement because just 4 months after reading that from the Teleprompter, America's "partners on the Yemen front lines" have officially fled quietly into that good night, abandoning the control of the nation to local Shiite militiamen.
Terrorists, Counter-Terror “Experts”, and Governments Are All Motivated to Cover Up the Facts
Update: The United States Central Command's (CENTCOM) Twitter and YouTube accounts, attributed to pro-Islamic State (IS) hacking group "CyberCaliphate," has been celebrated as a massive achievement among IS fighters and supporters on Twitter.
Another day, another escalation in the conflict between supporters of the Islamic State and western powers, in this case the Twitter account of the US Central Command (@Centcom), which appears to have been hacked, and where compromising tweets revealing details about military members and potential conflict scenarios involving China and North Korea, are being sent out in real time.
Foreign policy actions have consequences. The aggressive foreign policies of the United States and its allies in the Middle East have radicalized thousands and have made us less safe. Blowback is real whether some want to recognize it or not. There are no guarantees of security, but only a policy of non-intervention can reduce the risk of another attack.
If We Want to Stop Terrorism, Maybe We Should Stop Supporting @&!%#! Terrorists?