Pizzaflation is creeping through the nation. Inflation is slow, and subtle, and making our favorite things like Pizza unaffordable. Pizzaflation explains the deterioration of the US Dollar in something we all love; Pizza.
In addition to the political revolt of the rubes, the establishment regime is now imperiled by another existential threat. To wit, the world’s central bankers have finally painted themselves into the mother of all corners.
Newly released data is helping shed light on America’s incarceration problem, demonstrating that only the small archipelago of Seychelles, located in the Indian Ocean off East Africa, has a higher incarceration rate than the U.S. But when studied carefully, the rates demonstrate yet another trend: America’s white prison population has been increasing in recent years while the number of blacks in prison has been dropping - and nobody is talking about it.
"If one belongs to that third of the nation that pays no income taxes but receives copious benefits, why would you vote for a party that will cut taxes you don’t pay, but take away benefits you do receive?" And so they did, and so they do. But this is a game that cannot go on forever.
While over the last several months, tensions over the South China Sea territorial dispute have mostly focused on the diplomatic war of words between China and the US, Reuters reports that in a move that is likely to substantially "raise tensions with Beijing", Vietnam has secretly fortified several of its islands in the disputed territory with Israeli-made EXTRA mobile rocket launchers 'capable of striking China's runways and military installations across the vital trade route."
On the surface, things seem pretty quiet in mid-July 2016. But underneath the surface, it is a very different story. As you will see below, the conditions for a “perfect storm” are coming together very rapidly, and the rest of 2016 promises to be much more chaotic than what we have seen so far.
In a widely anticipated, purely symbolic decision, just over an hour ago a UN tribunal, the Permanent Court of Arbitration in The Hague, ruled unanimously in favour of the Philippines in its case against China’s extensive claims in the South China Sea. It found that China’s claim to historic rights in most of the South China Sea has no legal basis, dealing a setback to Beijing which, as the WSJ adds, the U.S. fears could intensify Chinese efforts to establish its control by force.
You know it's bad when...“We wish to advise all Bahamians travelling to the US ...to exercise appropriate caution generally. In particular young males are asked to exercise extreme caution ...in their interactions with the police."
The shift is toward totalitarianism, and the populations have been (and are being) conditioned to accept, if not embrace, collectivist thought and socialism. Orwell envisioned it. His work is labeled a work of fiction, although all of the measures Oceania pursued are either currently in place in the United States or they’re being developed.
"The next step will be, once they've tested it with several flights, they will bring down some of their fighter air power - SU-27s and SU-33's - and they will station them there permanently. That's what they're likely to do."
As tensions continue to rise in both the South China Sea (see the recent protest by dozens of Filipinos in the Spratlys) and the East China Sea (where Beijing and Tokyo are feuding over disputed islands and claims on oil and gas fields), the PLA has begun building China's second aircraft carrier in yet another sign that Xi fully intends to build a true blue water navy.
"We encourage the higherst leadership of the country to inform the people correctly without sugar coating the truth about Chinese invasion of our Exclusive Economis Zone. How can the people unite and pick up the cudgels and fight alongside of you if you hide the truth from us?"
At the end of the day, the Fed led central bank money printing spree of the past two decades resulted in what is functionally a massive dollar short. Once the Fed stopped expanding its balance sheet when QE officially ended in October 2014, it was only a matter of time before all the “near-dollars” of the world would come under enormous downward pressure in the FX markets. Our Keynesian witch doctors believe that sinking currencies are a wonderful thing, of course. They claim making your country poorer is a good way to stimulate export growth and a virtuous cycle of spending and growth. But there is another thing. It is also a good way to generate capital flight and the ensuing chaos that creates.
"If the United States continues with these kinds of dangerous, provocative acts, there could well be a seriously pressing situation between frontline forces from both sides on the sea and in the air, or even a minor incident that sparks war."