The protected classes love the Status Quo, because it exists to protect their privileges. The unprotected classes loathe the Status Quo for the same reason. Anyone who thinks the Democratic Party isn't imploding for the exact same reasons the Republican party is imploding is purposefully ignoring reality - a reality that threaten the protected classes' lock on wealth and power.
"Blunt Force Injuries To The Head" - Putin's Multi-Millionaire, Media Mogul Was Murdered In A Luxury DC HotelSubmitted by Tyler Durden on 03/11/2016 16:03 -0400
In early November, Mikhail Lesin - a close ally of Putin and the man credited with inspiring the creation of Russia Today - was found dead on an upper floor in The Dupont Circle hotel. The death was said to be the result of a heat attack. We were skeptical, and for a reason: according to the office of the Chief Medical Examiner, Lesin's death was the result of “blunt force injuries of the head.” In other words, he was murdered.
- Shares bounce, euro fades after savage ECB reaction (Reuters)
- Trump's Islam comments draw attacks as Republicans discover civility (Reuters)
- Oil Prices Rise on Hopes Glut Will Ease (WSJ)
- IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut (BBG)
- Why Euro-Area Inflation Will Be Low for Years, According to Draghi (BBG)
- Calmer markets, positive data prime Fed to push ahead with rate rises (Reuters)
It's no coincidence that three major BRICS nations are simultaneously under attack - on myriad levels: Russia, China and Brazil. The concerted strategy by the Masters of the Universe who dictate the rules in the Wall Street/Beltway axis is to undermine by all means the BRICS's collective effort to produce a viable alternative to the global economic/financial system, which for the moment is subjected to casino capitalism. It's unlikely Lula, by himself, will be able to stop them.
All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more 'they's seem to be figuring out that past economic and market experiences can’t be extrapolated forward - a terrifying prospect for the social and political order.
- Angry White Males Propel Donald Trump—and Bernie Sanders (WSJ)
- Trump Beats Back Attacks and Tightens Hold on Primary Race (BBG)
- Fed Likely to Stand Pat on Rates, Keep Options Open for April or June (Hilsenrath)
- Draghi Stimulus Fails in Stock Market as Swings Match 2008 (BBG)
- Sabine Oil wins pipeline ruling in a blow to pipeline operators (Reuters)
“We the people” have been utterly and completely betrayed. The politicians “we the people” most trusted to look out for our best interests, protect our rights, and ensure that the nation does not slip into tyranny have cheated on us, lied to us, swindled us, deceived us, double-crossed us, and sold us to the highest bidder. Incredibly, even in the face of their treachery and lies, the great majority of Americans persist in believing that the politicians have the people’s best interests at heart.
Xi's "Tigers and Flies" campaign may have been reasonably effective when it came to rooting out corruption in the Party and the "crackdown" on "manipulators" might served to strike fear in the hearts of any Chinese who thought about shorting stocks last autumn, but that's not good enough for China. No, a true police state needs "pre-crime."
Two months back, in a series of lengthy exposes we profiled the ins and outs of the “petrogold” trade that allowed Iran to skirt international sanctions that froze Tehran out of the banking system by way of conduits and shady go-betweens in Turkey and Dubai. Now, the man behind the Iranian side of the sanctions end-around has been sentenced to death in his own country. Did he really embezzle nearly $3 billion? Or was his demise preordained?
"It's reached the point where social media is used to discuss toilet paper strategy... The most common alternative is to shower right after going to the bathroom. The smallest denomination of money is used for toilet paper, because it's worthless."
"The loss of traditional human connections, the dehumanization of man in mass society, and the corruption of the political and economic marketplaces, Röpke argued, had created the sociological and psychological conditions for the emergence of and receptivity to the collectivist idea and its promise of a new community of a better society designed according to a central plan." In the dark days immediately following the rise to power of Adolf Hitler and his Nazi movement in Germany in January 1933, Willhelm Röpke refused to remain silent. He proceeded to deliver a public address in which warned his audience that Germany was in the grip of a "revolt against reason, freedom and humanity."
Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Beijing can be big and bold when it meets reality. Remember when Zhu Rongji, China’s former economic tsar, gave 30 million workers pink slips, privatized hundreds of state-owned enterprises (SOEs) and swept many others into the dust bin?
Update: *BRAZIL'S ROUSSEFF SAID TO CALL EMERGENCY MTG ON LULA: FOLHA
The Brazilian Real has soared over 2.5% this morning after the shocking news that former President Luiz Inacio Lula da Silva (Lula) has been detained by the federal police. The long-running inquiry, known as Operation Car Wash, stems from accusations of corruption and money-laundering at Petrobras and police, who raided Lula's home near Sao Paulo, say they now have evidence that he received illicit benefits from the kick-back scheme with Petrobras "enriching himself and the treasury of his political group."
- Rivals rip Trump but promise support if he is the nominee (Reuters)
- Employment gains seen accelerating in February (Reuters)
- Brazil's Lula Targeted in Police Raid Into Corruption Scandal (BBG)
- Economist: For The ECB, It's No Longer About Oil (BBG)
- China's premier says economy faces greater difficulties in 2016 (Reuters)
- Copper Stockpiles in China Surge to Record as Metal Flows East (BBG)
Soidifying its transition into a complete banana republic, on Tuesday Ukraine banned government officials from publicly criticizing the work of state institutions and their colleagues, after what Reuters reported was "damaging disclosures last month that highlighted slow progress in fighting corruption."