We've long argued that the implications of the shift away from a global economic order that has prevailed since the end of WWII are far reaching and may include the demise of what has largely been a unilateral political and economic system characterized by the dominance of US foreign policy and Western notions of politics and capitalism. Now, it appears as though de-dollarization and the end of US hegemony may have gone viral because, as The NY Times reports, a US “retreat” from the world order it has largely shaped was the unspoken topic de jour at this year’s spring meeting of the IMF and World Bank in Washington.
“We absolutely think it is for military aircraft...the main question is, what else would land there? Unless they are planning to turn these into resorts..."
Moody's puts $3 billion in student debt-backed ABS on default watch leading us to wonder when 30% delinquency rates in a market where nearly $1.3 trillion in credit has been extended will finally result in the bursting of what is America's most spectacular debt bubble.
"About 300 paratroopers, from the 173rd Airborne Brigade, arrived at the International Peacekeeping and Security Center, April 14 - 15, to begin a six-month training rotation with Ukrainian national guard forces."
June 1, 2015 is a very important day for American civil liberties and the Constitution. On that day, Section 215 of the Patriot Act, one of the most egregious pieces of legislation passed in U.S. history, will expire automatically without reauthorization from Congress. Naturally, this is causing a panic attack within the heart of the NSA, FBI and all the authoritarian lackey legislators in Washington D.C. With the chances of a clean reauthorization next to none, these crafty “representatives” and their puppeteers need to figure out a way to sneak it into another piece of legislation. What better way to do this than making it a part of something that ostensibly appears to be reining in surveillance powers. Enter the USA Freedom Act.
Should Gary Gensler truly be Clinton's chief financial officer, and should Hillary become America's next president, then ladies and gentlemen, in the fine tradition started by Hank Paulson who nearly brought the entire wastern world to ruin, the next US Treasury Secretary will be the following fine former Goldman Sachs employee and "champion for everyday Americans."
The only surefire way to dramatically reduce healthcare costs is to remove the middlemen and allow market forces to return to healthcare.
The Middle East’s ongoing descent into chaos and China’s impending ascendancy to the status of global superpower are just two of the many threats that the US, European Union and Russia all share. Each of these issues should certainly occupy a higher position on their respective agendas than the breakup of Ukraine or the insolvency of Greece. Leaders of all three governments would be well-advised to set aside their differences, or at least to prevent those differences from obstructing cooperation on more important issues. Unlike its predecessor, the Second Cold War will not be bilateral. Today’s world is far more chaotic, kinetic and dangerous than it was fifty years ago.
The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.
Despite Constant Saudi Bombing, Yemen Rebels Advance, Seize Key Town; Ayatollah Trolls US, Saudis on TwitterSubmitted by Tyler Durden on 04/09/2015 11:58 -0400
It appears that when the US inadvertantly "misplaced" $500 million of weapons in Yemen, the bulk of which fell right in Houthi rebel hands, it created a very credible adversary... for the US and its Saudi-backed coalition allies. Because despite the bombing campaign by the Saudi-headed coalition, AP reports that the rebels seized a key provincial capital in a heavily Sunni tribal area on Thursday as their patron Iran called the two-week air campaign a "crime" and appealed for peace talks. According to media reports the Houthius overran Ataq, capital of the oil-rich southeastern Shabwa province, after days of airstrikes and clashes with local Sunni tribes. The capture marked the rebels' first significant gain since the Saudi-led bombing began.
If there was any confusion whether Iran thought it had gotten the best of John Kerry and the Obama administration as a result of the non-deal April 2 "framework" announcement for some future possible deal, it can be swept away following a Reuters report that Iran will only sign a final nuclear accord with six world powers if all sanctions imposed over its disputed atomic work are lifted on the same day, President Hassan Rouhani said in a televised speech on Thursday.
When Iran "Deal" Falls Apart, The Pentagon Is Ready: America's Most Destructive "Bunker Buster" Gets An UpgradeSubmitted by Tyler Durden on 04/04/2015 19:02 -0400
As the world awaits the outcome of next Iran "deadline"- the June 30 conclusion of the finalization of the Iran deal - the US is already hedging its bets. According to the WSJ, the Pentagon has "upgraded and tested the largest bunker-buster bomb in the U.S. arsenal, senior U.S. officials said, readying a weapon that could destroy or disable Iran’s most heavily fortified nuclear facilities should a nuclear deal fall apart and the White House decide to take military action."
In recent weeks, there has been a lot of concern that an upcoming eight week military exercise on U.S. soil known as “Jade Helm” is actually a dress rehearsal for the imposition of martial law in this country. As our world becomes increasingly unstable, and as our society rapidly decays from within, many believe that it is only a matter of time before the executive branch will have sufficient excuse to use the extensive martial law powers that it has been accumulating since 9/11. When that day arrives, what will our nation look like? What would actually happen if martial law was declared in America?
In the same style as we have grown used to around the world, a major negotiation has ended with all sides claiming victory and no sides offering any actual solutions. Iran proclaims the talks have made "significant progress," yet Western diplomats are saying progress is "limited," only to be confused even more by Iran's Foreign Minister stating that "but still we have not agreed on the reviewed solutions." So in summing it all up, a press conference will be held shortly to explain that 'they agree on the outline of a plan which will pave the way for an agreement but aren't sure how much of the plan or hypothetical agreement they want to share'. New normal geopolitics... no deal is the new deal.
With both channel stuffing and subprime out of the window if only for the time being, GM, whose China sales are falling off a cliff, had to come up with some urgent source of end demand. And thanks to recently disclosed data, we now know that "once a Government Motors, always a Government Motors", because just the first quarter of 2015, the average annual increase in sales to Uncle Sam, aka the Government was a whopping 24%, just about 100% higher than GM's headline rate of sales increase!