At the onset of the derivatives collapse in 2007/2008 it would have been easy to assume that most of America was receiving a valuable education in normalcy bias. As much as we are for people waking up to the nature of the crisis, there comes a point when those who are going to figure it out will figure it out, and the rest are essentially hopeless. The cultism surrounding the U.S. economy and the U.S. dollar is truly mind boggling, and by “cultism” we mean a blind faith in the fiat currency mechanism that goes beyond all logic, reason and evidence.
Presented with little comment, suffice to add former Washington DC RT correspondent Liz Wahl's comments that "personally she cannot be part of a network funded by the Russian government that whitewashes the action of Putin..." At least RT was correct when it said yesterday that "Contrary to the popular opinion, RT doesn't beat its journalists into submission, and they are free to express their own opinions, not just in private but on the air." One wonders if Ms. Wahl's next stop will be MSNBC, FOX or CNN, where the truly unbiased coverage can be found.
Last week, we highlighted the fact that the latest Press Freedom Index showcased a 13 point plunge in America’s press freedom to an embarrassing #46 position in the global ranking. If the authoritarians in the Obama Administration have their way, this country is set to fall much further in next year’s index. Incredibly, the Federal Communications Commission (FCC) is set to roll out something called the Critical Information Needs study, which will embed government “researchers” into media organizations around the nation to make sure they are doing their job properly. No this isn’t “conspiracy theory.” It is so real, and represents such a threat to the First Amendment, that a current FCC commissioner, Ajit Pai, recently wrote an Op-Ed in the Wall Street Journal, warning Americans of this scheme.
Worried about “pre-crime?” What about “pre-crash?”
The geniuses at the National Highway Traffic Safety Administration (NHTS) are so concerned about your “safety,” they have decided to take it into their own hands and make it mandatory that your car wirelessly communicate with other vehicles on the road. Transportation Secretary Anthony Foxx went so far as to say the technology could save “thousands of lives and even prevent accidents in the first place.” The concept of “pre-crash” has been born.
In economics the chicken must always come home to roost. Man can only live beyond his means for so long. Bernanke’s reputation hinges upon the market not tanking as his successors close up the spout of gushing currency. The endpoint is coming. When it happens, the house of cards will tumble down. And with it will come the livelihoods and hopes of many. With every boom there is a bust. It’s an immutable fact of government intervention into the economy. As Bill Bonner writes, articles full of lavishing praise for Bernanke will begin appearing in coming weeks. Writing puff pieces on state bureaucrats is often a high-paying gig. But they all reveal a particular trend: celebrating the wise achievements of someone empowered to govern society. When businessmen are praised in print, their accomplishments are chalked up as minor victories reserved for the few. When the selfless man of charity is given his due, the praise is mild. When a lord of government sees the pages of a major periodical, it’s the kind of brown-nosing that would make a teacher’s pet uncomfortable. For now, Bernanke will bask in exaltation. But his just deserts are coming. You can bet $4 trillion on it.
The Powers-That-Be Are Secretly Terrified of the People’s Power … And Only PRETEND They’re Firmly In ControlSubmitted by George Washington on 01/31/2014 13:20 -0400
Our Actions Are More Powerful Than We Realize
I tried to create a “Kudos List” as well but really couldn’t.
White House Guides Down Obamacare Enrollment Target, Says To Focus On Demographics; Refuses To Give Demographic DataSubmitted by Tyler Durden on 01/06/2014 21:13 -0400
“That was never our target number. That was a target that came from the Congressional Budget Office, and it has become an accepted number. There’s no magic to the 7 million. What there is magic to is that in the month of December a million Americans signed up for insurance.”
– White House aide Phil Schiliro, interview on MSNBC, Dec. 31, 2013
While it is not a surprise, and had been reported previously, there is a certain dose of humor in Reuters reminding us that Jeffrey Zients, who is currently tasked with fixing Obamacare.gov Healthcare.gov (and which crashed yesterday for CNN when it experiment with the upgraded website), will soon be leaving his post and replace Gene Sperling as Obama's top economic advisor. Surely if anyone can fix the economy, it is the man who has hired every private sector sysadmin genius and managed to expand the 500 million lines of code website to accomodate a few more thousand simultaneous requests.... before it crashes again.
In every country we can think of, the sovereignty and wealth of the Nation, which was once the embodiment of the power and will of the people, is being butchered and sold to the highest bidder. Everywhere, the Nation and the people within it, are under attack. Not from without by terrorists but from within. Because in every country the people who run the State have largely decided they no longer wish to serve the people but prefer instead to serve the interests of a Global Over-Class. Of course we are not encouraged to see this clearly or if we do, certainly not to speak of it to others. And many of those we might try to talk to, do not want to hear.
While some have proclaimed the 36,000 enrollment in The Affordable Care Act "a good start," the online marketplaces that Obamacare has become more infamous for have been plagued with problems in the brief two weeks since launch. Politico provides 25 of the most telling and colorful comments made about the "glitches" the online exchanges have faced...
The Speaker of the House has a plan - apparently - that enables the debt-limit "can" to be kicked 6-weeks down the line to Nov 22nd in a "clean" bill that appears dirtied by the lack of a CR for the government shutdown (though including a broader budget talks process). Democrats are already pushing for an end-2014 debt-ceiling extension that McConnell says "wil not fly." We look forward to hearing from Boehner on how this is not a "fold" and how the rank-and-file will agree to this... see you in six-weeks... (and while stocks are incapable of discounting anything that far out, T-Bills are starting to price in that reality). But. U.S. HOUSE REPUBLICAN LAWMAKERS CONCERNED THAT CLEAN DEBT LIMIT INCREASE WOULD NOT FORCE OBAMA TO NEGOTIATE-SENIOR REPUBLICAN AIDE and HOUSE REPUBLICAN LEADERS PLAN TO PRESENT PROPOSED SHORT-TERM DEBT LIMIT HIKE TO WHITE HOUSE ON THURSDAY; WANT TO SEE WHAT OBAMA OFFERS IN RETURN-SENIOR REPUBLICAN LAWMAKER
A member of the media who will alter their story and reporting based on financial interests or other ties with usually partisan individuals or groups.
It has become abundantly clear in recent years that the mainstream media can not be identified as anything other that a collective of mediocre, corporate/government ass-kissing presstitutes. CNBC has a special position in the presstitute media hierarchy.
Any potential goodwill from Plan B, namely that the Syrian attack may be delayed, if not cancelled, may have been put in doubt following the latest statement from Obama's spokesman Carney who said in a MSNBC interview that:
- OBAMA WILL BE SEEKING SUPPORT FOR SYRIA STRIKE TONIGHT: CARNEY
That said, Plan C also gives Obama the "out" of reconciliation, and making it seem that it will have been Obama, the great Pacifier, who managed to talk back hostilities from the edge of World War III:
- CARNEY SAYS `INTENSE' TALKS WITH ALLIES CONTINUE ON SYRIA
- CARNEY SAYS THERE'S `SOME POTENTIAL PROGRESS' IN DIPLOMACY
- CARNEY SAYS RUSSIA PLAN `POTENTIAL DIPLOMATIC BREAKTHROUGH'
In short: the chaos continues as Obama scrambles for a political solution that does not make it seem like the latest attempt to punish Syria would have crashed and burned not only in Congress but on the international arena as well.
As the mainstream American press goes after NSA whistleblower Edward Snowden and Guardian journalist Glenn Greenwald, Germany's Spiegel note that the leakers' revelations appear to becoming an afterthought. As the Guardian's American chief noted, their competition has a "lack of skepticism on a whole" when it comes to national security. Critical scrutiny, she said, has been considered "unpatriotic" since 9/11.