"In short, for once there is more truth than rhetoric in claims of a 'mission accomplished.'”
"Salafists want to establish an Islamic state in Germany," warns Hans-Georg Maaßen, director, BfV, German intelligence, adding that the Islamic State was deliberately planting jihadists among the refugees flowing into Europe, and reported that the number of Salafists in Germany has now risen to 7,900.
Putin came, saw, and conquered and now he's sending the warplanes home. But if peace talks fail, hostillities resume, and the rebels regain the upperhand, nothing says he won't come knocking down the doors again.
"Keynesianism has always been at war with savings since its principle tenet is that savings are bad, consumption is good. The Keynesian central planning authorities at the Fed and elsewhere would like to see a cashless society because keeping cash can be a form of savings instead of consumption. I think we are headed toward a cashless society unless the public wakes up and begins to protest this... which is why the establishment despises Trump as the figurehead for this awakening...If I were Donald Trump I would also double or triple my personal security detail."
Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.
In a bid to counter a USD shortage that's choking off economic growth, Egypt has devalued the pound by 13%. The move is the latest in a flurry of efforts to increase dollar liquidty in the banking system and avert being effectively forced into taking an IMF loan.
In the end, the oil attrition wars may lead us not into a future of North American triumphalism, nor even to a more modest Saudi version of the same, but into a strange new world in which an unlimited capacity to produce oil meets an increasingly crippled capitalist system without the capacity to absorb it. Think of it this way: in the conflagration of the take-no-prisoners war the Saudis let loose, a centuries-old world based on oil may be ending in both a glut and a hollowing out on an increasingly overheated planet. A war of attrition indeed.
The global arms trade is huge, trending upwards now for roughly 15 years straight. But where are these arms going?
The technical situation for the gold price has sharply improved, to the evident surprise of many mainstream analysts, but what are the reasons behind the turnaround, and implications for the future?
Economic warfare doesn’t always go according to plan. It appears the Saudis have overplayed their hand... big time.
With China's Plunge Protection Team having intervened and set a positive spin on another poor session, traders put declines in Asia behind them as European markets rose along with U.S. index futures and commodities. European shares advanced for the first time in three days on speculation the region’s central bank will ramp up monetary stimulus on Thursday. A gauge of raw materials rebounded from its biggest selloff in a month, buoyed by gains in oil and copper. Furthermore, the previously noted selloff in Japanese government bonds - one which triggered circuit breakers and which some speculated may have been precipitated by the BOJ itself - dragged Treasuries and German bunds lower, gold fell a second day and the euro dropped versus most of its major peers.
- Global Stocks Drop on Renewed Concerns About China (WSJ)
- Iron Ore's Rally Stalls as Goldman to Citigroup Forecast Retreat (BBG)
- EU and Turkey close to groundbreaking migrant deal (FT)
- Carney's `Brexit' Stance Under Fire as BOE Accused of Bias (BBG)
- Oil edges lower after Kuwait dents hopes for output freeze (Reuters)
"What the Afghans are doing is not wrong in Afghanistan, so your rules are completely alien to them... If you want to stop Afghans from molesting Swedish girls, you need to be tough on them. Making them take classes on equality and how to treat women is pointless."
As central bank policy-makers' forecasts have become more pessimistic (i.e. more realistic), Lord Rothschild is unsurprised at the current malaise: "not surprisingly, market conditions have deteriorated further...So much so that the wind is certainly not behind us; indeed we may well be in the eye of a storm." On this basis, Rothschild highlights a "daunting litany of problems," warning those who are optimistically sanguine about the US economy that "2016 is likely to turn out to be more difficult than the second half of 2015."
Washington’s lawlessness toward others now extends to the American people themselves. Under Clinton, George W. Bush, and Obama the US government has become an unaccountable, lawless, criminal organization and is a danger to the entire world and its own citizens.