- Italian Bank Stocks are Surging on the Back of Rescue Reports (WSJ)
- European Stocks Rise Led by Italian Banks; Emerging Markets Gain (BBG)
- Oil price dips on prospects for producers' meeting (Reuters)
- U.S. shale oil firms feel credit squeeze as banks grow cautious (Reuters)
- U.S. banks' dismal first quarter may spell trouble for 2016 (Reuters)
- Miserable Year for Banks: Stocks Suffer as Rates Stay Low (WSJ)
I have personally never, not once, had anybody answer this question, "Yes." What does that tell us?
"A newspaper is a device for making the ignorant more ignorant and the crazy crazier." If you really want to know how weak Hillary Clinton is as a candidate, you merely have to appreciate that the U.S. media essentially acts as her own personal PR firm, yet the public still recognizes her as a dishonest crook. Brace yourself for the following story, it’s huge.
Enter The Donald. His popularity is traceable to the fact that he rejects the moral authority of the media, breaks their commandments, and mocks their condemnations. His contempt for the norms of Political Correctness is daily on display. And that large slice of America that detests a media whose public approval now rivals that of Congress, relishes this defiance. The last thing these folks want Trump to do is to apologize to the press.
"the seasonally adjusted labour force estimates from the Australian Bureau of Statistics for October sound incredible and they should be treated as just that: not credible. Don't believe politicians as they gloat and claim credit. Don't believe the wire services when they report the estimates as fact.... The former chief statistician recently said the data was not worth the paper it was written on."
The Pentagon just won another small skirmish in its long war with Social Security and Medicare. That is the unstated message of the budget deal just announced gleefully by congressional leaders and the President. To understand why, let’s take a quick trip down memory lane.
The phrase New World Order is largely derided as a sophomoric conspiracy theory entertained by minds that lack the sophistication necessary to understand the nuances of geopolitics. But it turns out the core idea — one of deep and overarching collusion between Wall Street and government with a globalist agenda — is operational in what a number of insiders call the “Deep State.”
Ordinary Americans frequently ask why politicians and government officials appear to be so obtuse, rarely recognizing what is actually occurring in the country. That is partly due to the fact that the political class lives in a bubble of its own creation, but it might also be because many of America’s leaders actually accept that there is an unelected, unappointed, and unaccountable presence within the system that actually manages what is taking place behind the scenes. That would be the American deep state. America’s deep state is completely corrupt: it exists to sell out the public interest, and includes both major political parties as well as government officials.
We want to highlight today's absolute failure at investigative reporting, and the worst example of journalistic capture by the Federal Reserve that we have ever seen because at stake is the criminality, competence and corruption of that most important of organizations in modern society, the US Federal Reserve.
France’s president, François Hollande, described the attack as an “act of exceptional barbarity.” But killing people is hardly exceptional – neither for the empire nor its enemies. It is routine. And great empires follow their well-trodden paths, too, no matter what mockery they encounter. That path leads in a familiar direction – freedom of speech is chilled. But we know of no instances in which foreign enemies put it on ice. Usually, it is the empire’s own bureaucrats, snoops and protectors who do the chilling. And that cooling is already under way.
Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. "I have not seen a year in which so many risks - some truly existential - piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. It feels like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows..."
Contrary to the opinion of Obama the Great, The One True Indispensable Chief of the NWO, the three principal threats we currently face are not Ebola, but QE-bola; not the locally disruptive Islamic State but the globally detrimental Interventionist State; and definitely not the Kremlin’s alleged (though highly disputable) revanchism being played out on Europe’s ‘fringe’ but the Kafkaesque reality of stifling and undeniable regulationism at work throughout its length and breadth. We might end by reminding the would-be wearer of the One Ring, as He lurks warily, watching the opinion polls from His lair in the White House, that in being so active in propagating each one of these genuinely existential threats to our common well-being, he will not so much ‘help light the world’ as help extinguish what little light there still remains to us poor, downtrodden masses.
For reasons that have no rational explanations at this time, the US and Europe have embarked on a concerted program to demonize Putin, ostracize Russia, and bring the world as close to a major conflict as it's been since the Cold War, a time hardly memorable to many in the current crop of our elected officials. A dangerous dynamic is brewing between the West and Russia/Putin. We are seeing a rush to war very similar to the one that led up to Saddam's ouster, but this time, we have much less justification (hard to believe) and the opponent is tremendously more capable. There is little sense in the course the West is currently pursuing, little to gain, and much to lose. The main conclusion here is that not only is the US poking the bear, but it is doing so with increasing frequency and upping the ante dangerously with each step.
Of course the surveillance police state is not used to control the individual, but rather the herd which in turn controls the non sovereign individual.
Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. The 89-page tour-de-force is a must-read this holiday season for perspective on where we have been and where we are going. From Krugman to the abuse of civil liberties, from gold to muni bankruptices, and from Student debt bubble to Cyprus and beyond, Collum covers it all.