• EconMatters
    11/30/2015 - 16:21
    The ISIS group sells most of its crude directly to independent traders at the wellhead for $20-$45 a barrel earning the group an average of $1.5 million a day.

national intelligence

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Turkey Arrests Journalists Who Exposed Erdogan's Weapons Smuggling To Extremist Syrian Rebels

Banana Republic 101: when the despotic president of a corrupt regime is faced with facts exposing his lllegal activity, what does he do? He arrests and journalists who discovered said facts, and demands they spend the rest of their lives behind bars. Welcome to Turkey.

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ISIS Coverup: US Centcom Accused Of Lying To President, Congress, Public About Airstrikes, Ground Fight

According to current and former officials who spoke on the condition of anonymity, US Central Command may have been involved in a year long effort to obscure the fact that America’s strategy to combat ISIS simply was not effective. "At the least, the prospect that senior officials intentionally skewed intelligence conclusions has raised questions about how much Mr. Obama, Congress and the public can believe the military’s assessments."  

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The House Just Passed A Bill To 'Pause' The Syrian Refugee Program, Obama Will Veto

With 53% of Americans opposed to opening the nation’s borders to those fleeing the war-torn Middle Eastern nation, it is perhaps no surprise that The House just voted overwhelmingly to slap stringent - and difficult to implement - new screening procedures on refugees from Syria seeking resettlement. While 47 Democrats defied President Obama's; due to absences, the vote did not quite nullify the threat of veto, without which the bill would  effectively suspend the entry of refugees into the US for months or years.

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'New Snowden' Reveals Obama's Secret Drone Assassination Program

The reason these articles are so important, is not because they are based on intel leaked by an additional whistleblower (i.e., not Snowden), but because you can’t read the information without concluding quite simply that the U.S. empire is completely and totally out of control. That the plethora of American military adventures overseas are not only not making us safer, but are in fact making us far more vulnerable.

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Travails Of Empire - Oil, Debt, Gold & The Imperial Dollar

"We are imperial, and we are in decline... People are losing confidence in the Empire."

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The Cyber Wars Begin: Obama Says US "Must Retaliate" Against China For Historic Data Breach

The US has determined that the Chinese cyber attack on the databases of the Office of Personnel Management "was so vast in scope and ambition that the usual practices for dealing with traditional espionage cases [does] not apply," The New York Times reports. In short: "this agression will not stand, man."

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Sounding The Alarm On The Country's Vulnerability To An EMP

Last year, Elliott Management's Paul Singer highlighted "one risk that stands way above the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence" - an electromagnetic pulse (EMP). As Michael Snyder previously details, our entire way of life can be ended in a single day.  And it wouldn’t even take a nuclear war to do it.  All it would take for a rogue nation or terror organization to bring us to our knees is the explosion of a couple well-placed nuclear devices high up in our atmosphere.  The resulting electromagnetic pulses would fry electronics from coast to coast, and, as PeakProsperity.com's Chris Martenson explains, the country is extremely vulnerable to an EMP...

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China Responds: "Expiration Of The Patriot Act Is Not The End Of Washington's Intrusive Spying"

"US authorities need to take serious actions to show some sincerity, and to prove that they are not bad guys. Perhaps letting one of the most controversial intelligence-related acts expire is an acceptable solution."

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Constitution 1 - 0 Government: NSA Starts Winding Down Bulk Data Collection

As we detailed earlier, in a chaotic scene during the wee hours of Saturday, Senate Republicans blocked a bill known as the USA Freedom Act - backed by President Barack Obama, House Republicans and the nation's top law enforcement and intelligence officials - which would have preserved the government's ability to search phone company records for suspected spies and terrorists. As AP reports, the failure to act means the NSA will immediately begin curtailing its previously-secret bulk data collection progreams with The DoJ noting that while it will take time to taper off the collection process, that process began Friday (according to an administration official). Sen. Rand Paul called the Senate's failure to allow an extension of the surveillance programs a victory for privacy rights, adding "we should never give up our rights for a false sense of security."

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North Korean Defense Minister Executed With Anti-Aircraft Gun For Napping

There was some confusion what caused the fallout between North Korean leader Kim Jong Un and his defense minister, Hyon Yong Chol. According to Reuters Chol was charged with treason, including disobeying Kim. According to Bloomberg, his offense was more trivial: he fell asleep. The defense minister "was captured napping in video footage of the event late last month."  Whichever one is true is irrelevant, but one thing is certain: nobody will ever be caught napping at official events ever again because Chol was executed in front of an anti-aircraft gun at a firing range. 

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Frontrunning: May 13

  • Obama, McConnell missteps undercut trade pact in U.S. Senate (Reuters)
  • Bears Beware: Rout Puts Investors on Wrong Side of Central Banks (BBG)
  • U.S. Set to Rip Up UBS Libor Accord, Seek Conviction (BBG)
  • Greece’s Creditors Said to Seek EU3 Billion in Budget Cuts (BBG)
  • Amtrak train derails in Philadelphia, killing at least five (Reuters)
  • Oil glut worsens as OPEC market-share battle just beginning (Reuters)
  • China Stimulus Aims at Restructuring Trillions in Local-Government Debt (WSJ)
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Fed Agrees To Name The FOMC Leaker (As Long As Congress Keeps It Secret)

Having initially missed its deadline to provide a response to Congress with regard the 2012 leak of FOMC minutes to an external newsletter writer, The Fed reluctantly admitted that none other than Janet Yellen had met with them. Today, however, as The Wall Street Journal reports, The (unaudited) Fed has agreed to furnish a congressional panel with the names of its staffers who had contact with Medley Global Advisors in the months before the leak, “with the understanding that the names will be kept confidential." So we'll happily tell you who leaked it... as long as you don't tell the public. Audit The Fed!!!

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