With proxy wars mounting and "isolated" Russia ratifying The BRICS Bank this week, we are sure Washington is preparing to double-down on 'costs' (to Europeans) as Reuters reports, Russia has offered Iran its latest Antey-2500 missiles (ironically after a deal to supply less powerful S-300 missiles was dropped under Western pressure in 2010). While the United States and Israel lobbied Russia to block the missile sale, the head of Russian state defense conglomerate, Sergei Chemezov, says, "as far as Iran is concerned, we offered Antey-2500 instead of S-300. They are thinking. No decision has been made yet."
Despite endless proclamations that the world has 'escaped' the financial crisis, the data (and actions) simply do not back that up. The constant propagandizing of either a) US is economically strong and will drive the world's growth engine (factually incorrect), or b) the rest of the world is about to revert to higher growth seems entirely anathema to the fact that in 2015, we have seen a wave of monetary easing - most recently today by Israel. That makes it 20 central banks that have cut rates (or eased policy) in the last few weeks - covering over 50% of the world's population.
Because when in doubt how to best start a war, lie.
CIA and Netanyahu Busted Hyping Nuclear Threat
Last week it was 19 central banks (including the ECB which accounts for 19 nations) which had cut rates in 2015, mostly in "surprise", unexpected easing decisions. Moments ago the number became 20 when the Israel central bank just cut its interest rate by 0.15% to 0.1%, the lowest on record, a move which once again caught the market by surprise as only 3 of 23 analysts had predicted it.
With Greece moving to the, ahem, periphery if only for a few days/hours, this week the US calendar returns to the forefront with Fed Chair Yellen’s semi-annual monetary policy testimony before the Senate Banking Committee tomorrow night and the House Financial Services Committee on Wednesday, which the market will be paying very close attention to for the reconciliation of how the Fed plans to continue on its rate-hiking path despite rapidly deteriorating US macro data that has started 2015 at the worst pace (in terms of downside surprises) since Lehman.
** Greek Bank Runs Accelerate as Possible ‘Grexit’ Looms
** Fatigue with Greek Crisis Breeding Massive Complacency
** Ukraine a Significant Setback for NATO
** India Demand To Rise To 35 - 40 Tonnes This Month
** Gold Oversold - Fundamental and Technical Position Good
With historically low long-term interest rates, the opportunity cost of holding gold and silver are close to zero or even negative, in other words you would “lose” money if you buy bonds (the benchmark) instead of gold and silver. When people realize that their money is not “safe” with the banks they will start withdrawing cash from their accounts and buy physical gold and silver instead. Depending on circumstances this could possibly bring down the (fractional) banking system. Why keep money in an account that gives you a negative return? Swiss banks are already witnessing stronger than normal interest for physical gold.
Questions to assist in creating a working inventory of mind, body, and equipment for living in dangerous or uncertain timesSubmitted by hedgeless_horseman on 02/18/2015 15:33 -0400
Do I know how to beg...effectively?
Do I know how to barter...effectively?
How good of a liar am I...really?
Not that it was really a conspiracy 'theory' but with General Wesley Clark (ret.) now openly admitting "ISIS got started through funding from our friends and allies... to fight to the death against Hezbollah" it appears the 'angel investors' cat is out of the bag. Adding that "they recruited the zealots and religious fundamentalists" Clark says 'we' create "Frankenstein." He is careful not to name names, but we ask (rhetorically of course), which of our (oil-bearing) allies has the biggest bone to pick with Hezbollah (apart from Israel of course)?
The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.
In case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” The Big Prize, of course, is the grand fortress of Saudi Arabia. The kingdom is surrounded by Islamic maniacs now and if Saudi Arabia falls apart, it’s game over for modern life as the West has known it (and much of Asia now, too). But Europe is a gigantic debt minefield that no one can really walk across. Other parts of it than Greece are just waiting to blow up, and will, and it’s unclear whether Europe is even paying attention to the blood-red welcome mat that was laid out in Libya last weekend.
Looking at a map of current American military engagements overseas, one cannot help but notice their wide geographical spread and their seemingly interminable nature. Battles have raged in Europe (Yugoslavia and Ukraine), in Africa, in the Middle East, and in central Asia. The American Empire has launched this country into a series of battles that have no end in sight and no location that may not become a focal point of military force. Upon close inspection, however, all of their rationales fall apart. None is satisfactory. The interventions are too widespread, too long-lasting and too unsuccessful at what they supposedly accomplish to lend support to any of the common justifications.
Lately, and tragically, not a month can pass in Europe without some deadly, mass shooting event whose inspiration is supposedly racial hatred. One month after the Charlie Hebdo massacre in Paris which left 20 people dead, another series of deadly shootings rocked otherwise quiet Copenhagen this weekend, where the person suspected to be responsible for the death of two people and injuring five first at a freedom of speech event and subsequently, at a synagogue in Copenhagen, was killed by police early in the Sunday morning hours.
The U.S. Government Wouldn't Cover Up a Foreign Government's Murder of Our Military Men ... Would It?Submitted by George Washington on 02/12/2015 12:33 -0400
“If America’s Leaders Did Not Have The Courage To Punish [the Foreign Country] For The Blatant Murder Of American Citizens, It Seemed Clear That Their American Friends Would Let Them Get Away With Almost Anything”