.Gov Tortured and Killed Innocent People for the Specific Purpose of Producing False Propaganda (U.S. Used C-O-M-M-U-N-I-S-T Techniques Specifically Designed to Produce F-A-L-S-E Confessions)
Eric Garner Protesters Swarm New York Tunnels, Squares, & Bridges; 100s Heading For 1 Police Plaza - Live FeedSubmitted by Tyler Durden on 12/04/2014 23:00 -0500
The final days of US empire are fast approaching. Perhaps its end will pass slowly and gradually, or perhaps the event will unfold rapidly and catastrophically. Maybe chaos will break loose, or maybe its demise will be organized well and proceed smoothly. This nobody knows, but the end of empire is coming as surely as day follows night and sun follows rain. Overexpansion, overreach and over-indebtedness will take their toll—as all past empires have discovered.
- National Guard, police curb Ferguson unrest as protests swell across U.S. (Reuters)
- Ferguson Reaction Across U.S. Shows Complex Racial Split (BBG)
- Democratic senator Schumer: Democrats Screwed Up By Passing Obamacare In 2010 (TPM)
- Veto threat derails Reid tax deal (Hill)
- Justice Department Investigating Possible HSBC Leak to Hedge Fund (WSJ)
- Merkel hits diplomatic dead-end with Putin (Reuters), and yet...
- Merkel Said to Reject Ukraine NATO Bid as Rousing Tension (BBG)
- HSBC, Goldman Rigged Metals’ Prices for Years, Suit Says (BBG)
- Ferguson in Flames (Reuters)
- Ferguson Cop Told Grand Jury He Feared for His Life (BBG)
- Sharpton: Grand Jury Announcement ‘An Absolute Blow’ (Daily Caller)
- Gunshots echo as violence returns to Ferguson, protests across U.S. (Reuters)
- BoJ members warned on costs of more easing (FT)
- Hagel Exit Shows Obama Has Taken Power Away From Pentagon (BBG)
- Ukraine leader, under pressure from West, pledges new government soon (Reuters)
- Eurozone Stagnation Poses Major Risk to Global Growth, OECD Warns (WSJ)
- ECB’s Coeure Says Officials Won’t Rush as They Debate All Assets (BBG)
Keynesian fiscal policies and central banking regimes have buried the public sectors of most of the world’s major economies in unsustainable debt. Now they propose to double down on more of the same because an entire generation of politicians have been house-trained in permanent fiscal profligacy and endless kicking of the fiscal can down the road. To be sure, in perhaps putting off Japan’s day of fiscal reckoning once again, Prime Minister Abe is proving himself to be a certifiable madman. In short order, however, he will have plenty of company all around the planet.
Brace yourselves, the zero sum game is on like Donkey Kong.
- Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
- Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
- Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
- Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
- Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
- Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
- Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
- Some unhappy Yahoo investors asking AOL for rescue (Reuters)
Strong tailwind for Southeast Asia that the West is ignorant about
Having been relatively quiet for a while, Russia's leader Vladimir, speaking in Sochi (following meetings with Middle East crown princes who confirmed Russia as a key partner - "isolated"?), has unleashed his most aggressive statements with regard the failing world order: PUTIN SAYS U.S. DOLLAR LOSING TRUST AS RESERVE CURRENCY, WORLD WITHOUT RULES IS POSSIBILITY; ANARCHY GROWING. Adding that the risk of major conflicts involving major countries is growing, as well as the risk of arms control treaties being violated, Putin exclaimed that the US-led unipolar world is like a dictatorship over other countries and that "US leadership brings no good for others," and calls for a new global consensus.
- Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters)
- China GDP Growth Rate Is Slowest in Five Years (WSJ)
- Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG)
- Carney Faces Scrutiny on Worst Payments Outage Since 2007 (BBG)
- Ebola crisis turns a corner as U.S. issues new treatment protocols (Reuters)
- Gold Buying Rebounds in India on Diwali Jewelry Sales (BBG)
- China-backed hackers may have infiltrated Apple's iCloud (Reuters)
- Greece Said to Seek Recycling of Bank Funds for Exit (BBG)
And now, for the best news of the day, we go to NPR which reports that Eric "Too Big To Prosecute" Holder is resigning. From NPR: "Eric Holder Jr., the nation's first black U.S. attorney general, is preparing to announce his resignation Thursday after a tumultuous tenure marked by civil rights advances, national security threats, reforms to the criminal justice system and five and a half years of fights with Republicans in Congress."
Oil and other commodity prices have recently been dropping. Is this good news, or bad? Many people have the impression that falling oil prices mean that the cost of production is falling, and thus that the feared "peak oil" is far in the distance. This is not the correct interpretation, especially when many types of commodities are decreasing in price at the same time. We would argue that falling commodity prices are bad news. It likely means that the debt bubble which has been holding up the world economy for a very long time – since World War II, at least – is failing to expand sufficiently. If the debt bubble collapses, we will be in huge difficulty.
Just minutes after Poroshenko's fearmongering speech to US Congress (and in the face of a collapsing Ukraine economy), The White House has released its "fact sheet" to explain exactly how committed (aside from the lethal aid demands - which may or may not be happening as we noted here) to supprting Ukraine the US taxpayer is... On top of guaranteeing $1 billion of Ukraine's debt, a further $291 million in 'assistance' has been flooded in... here's what for...