New York Times
Offshoring The Economy: Why The US Is On The Road To The Third World
Submitted by Tyler Durden on 10/30/2015 20:05 -0500On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would be a Third World country in 20 years. That was 11 years ago, and the US is on course to descend to Third World status before the remaining 9 years of my prediction have expired. The evidence is everywhere.
World Health Organization: Prolonged Exposure to Even LOW Level Radiation Increases the Risk of Cancer
Submitted by George Washington on 10/29/2015 20:01 -0500Fuku-Youku-Nuku
The Krugman Con
Submitted by Sprott Money on 10/29/2015 04:59 -0500Gold’s biggest enemy is a brilliant Nobel Prize winning economist, university professor and columnist for the New York Times. Sadly, he is also a con man.
Embracing The Dark Side: A Short History Of The Pathological Neocon Quest For Empire
Submitted by Tyler Durden on 10/28/2015 21:30 -0500Nearly all empires end due to over-extension. If brave people from Ottawa to Baghdad simply say “enough” within a brief space of time, hopefully this empire can dissolve relatively peacefully like the Soviet Empire did, leaving its host civilization intact, instead of dragging that civilization into oblivion along with it like the Roman Empire did. But beware, the imperial war party will not go quietly into the night, unless we in their domestic tax base insist that there is no other way. Russia’s entry into Syria has thrown all of the neocons’ schemes into disarray, as even Jordan, that favorite proxy force in Israel’s dreams of regional dominance, has begun coordinating with Russia, in spite of its billion dollars a year of annual aid from Washington. Et tu Jordan?!
One Trader Loses It Over Draghi And Yellen's Lies
Submitted by Tyler Durden on 10/28/2015 21:00 -0500"What does this mean for investors? It means that at some point in the next year or two, I think we are all going to have a Henry Hill “Goodfellas” moment, where we think that we understand the conversation going on around us, where we think that we’re engaged with our social system in the usual way … and then everything will go sideways in a split second, and we will suddenly and with extreme clarity realize that we don’t understand anything at all except that we’re sitting at a table with a maniac."
Why A Russian Default Is A Very Real Scenario In 2016
Submitted by Tyler Durden on 10/27/2015 12:17 -0500Who holds the majority of the debt that would be at risk in a Russian default? Not China. Not Iran. Not Syria. No, it’s the exact same nations, and banks and funds within those nations, that are applying the sanctions against Russia. So, if Russia does default, what does it mean in terms of its political relationship with the West? Nothing. But what does it mean to its creditors? Everything... Simply put, if Putin believes that the benefits of a default outweigh the consequences to his country, he won’t hesitate to do it, no matter the international ruckus it might raise.
Washington's Syria "Strategy" In Complete Disarray As "Ally" Turkey Bombs US-Armed Rebels
Submitted by Tyler Durden on 10/27/2015 11:43 -0500In the latest example of US foreign policy gone horribly awry, "ally" Turkey is now bombing the very same Syrian Kurds who just two weeks ago received 50 tons (literally) of US weapons and ammo paradropped from on high. The situation has become so convoluted and self-defeating that one wonders how long it will be before someone in Congress decides it's time to take a look at exactly what's going on here and why it seems like this entire debacle is simply too bad to be true.
Fear Of The Walking Dead: The American Police State Takes Aim
Submitted by Tyler Durden on 10/26/2015 21:00 -0500While 'zombies' may be the personification of our darkest fears, they embody the government’s paranoia about the citizenry as potential threats that need to be monitored, tracked, surveilled, sequestered, deterred, vanquished and rendered impotent. Why else would the government feel the need to monitor our communications, track our movements, criminalize our every action, treat us like suspects, and strip us of any means of defense while equipping its own personnel with an amazing arsenal of weapons? For years now, the government has been carrying out military training drills with 'zombies' as the enemy. “We the people” or, more appropriately, “we the zombies” are the enemy in the eyes of the government.
Schadenfreude - How The US Is Helping China Create A New Financial Order
Submitted by Tyler Durden on 10/26/2015 19:10 -0500There are two general schools of thought amongst noted contrarians and libertarians regarding China’s overriding objectives. One school has it that China is very much a part of the One World Government philosophy and their primary goal is to acquire a more powerful seat at the IMF. Having done so, they will settle in and be content to be one of the leading jurisdictions that run the world collectively. The other school suggests that China means to become the most powerful nation in the world - to replace the US in every way as the world’s dominant nation. And that’s the case here. The world’s most powerful (and most oppressive) political/economic power structure has begun to go under the bulldozer. Its replacement will hopefully be a better one.
Why The Fate Of Syria's Christians Should Concern Us All
Submitted by Tyler Durden on 10/26/2015 13:00 -0500The world is witnessing the destruction of Syria, a country with a rich history going back millennia. But there is one significant minority that faces total annihilation if the radical factions prevail: Syria’s Christian community.
Wall Street Shocked As Feds Bring Criminal Case Against Goldman Banker Over Fed Leaks
Submitted by Tyler Durden on 10/26/2015 11:05 -0500Perhaps it was the public shaming of Iceland's diametrically opposite approach to 'dealing' with its bankers, or perhaps Janet Yellen needs a distraction from her own 'Fed Leak' problems, or finally perhaps Carmen Segarra's 2013 whistleblowing over the cozy relationship between Goldman and The New York Fed was just too conspicuous to brush under the carpet. Despite Bill Dudley's insistence that The New York Fed is not a subsidiary of Goldman, The NY Times reports, federal prosecutors are preparing to announce a criminal case this week against a former Goldman banker suspected of taking confidential documents from a source inside the government.
Just When You Thought Wall Street's Heist Couldn't Get Any Crazier...
Submitted by Tyler Durden on 10/25/2015 17:45 -0500In reading various recent regulatory reports, it is clear that almost none of the promises that were made to the public about what was going to happen under Dodd-Frank financial reform is actually happening. Welcome to another day at the casino where the model continues to be — heads they win, tails you lose.
Systemic Fragility & The Fed's "Hobson's Choice"
Submitted by Tyler Durden on 10/24/2015 16:30 -0500The previous Bubble was of the Fed’s making, and our central bank lost control. It became a Hobson’s Choice issue in the eyes of the Fed, and they fully accommodated the Bubble. These days, the Fed and global central bankers face a similar but much more precarious Bubble Dynamic: The Fed specifically targeted higher securities market prices as its prevailing post-mortgage finance Bubble (“helicopter money”) reflationary mechanism. This ensured that the Fed would again be unwilling to impose any monetary restraint before it would then become too risky to remove accommodation (Einstein’s definition of insanity?). In concert, global central bankers now aggressively accommodate financial Bubbles.
Trump Vs. Jeb
Submitted by Tyler Durden on 10/22/2015 13:43 -0500Trump embodies the American zeitgeist, circa 2015 – its virtues, its vulgarity, its inchoate mixture of common sense and incoherence. You may not like Donald Trump, for any one of a number of reasons, but anti-interventionists have to give him some credit for opening up the presidential debate to a critique of US foreign policy that hasn’t been seen or heard since the Ron Paul campaign.





