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An Interview With Ambrose Evans-Pritchard

Tyler Durden's picture




 

In this first of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars met up with the Telegraph's Ambrose Evans-Pritchard to discuss geopolitical tensions in the world, China's challenges, threats to the global economy and the expectations for gold.

Ambrose Evans-Pritchard, is the international business editor of the British newspaper The Telegraph. He was the Telegraph’s Washington bureau chief in the 1990s. While he hardly needs an introduction to regular Zero Hedge readers, whose recent statement encapsulating the global economy, from July 25, is as follows: "In the 30 years or so that I have been writing about world affairs and the international economy, I have never seen a more dangerous confluence of circumstances, or more remarkable complacency."

 

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Tue, 08/26/2014 - 20:49 | 5147306 alexcojones
alexcojones's picture

Just finished his book about Bill Clinton.

The Secret Life of Bill Clinton. Highly recommended.

One Amazon reviewer wrote:

By 

Herbert L Calhoun "paulocal" (

"This is a chronicle of how the Clintons and their twelve years in the governor's mansion of Arkansas and two terms in the office of the Presidency have left our democratic institutions in shambles. From a perch at the pinnacle of the Dixie Mafia, Hot Springs Arkansas, they have taken the nation on a descent down into "anti-democratic" hell, from which the Republic may never recover. This book is a virtual catalogue of how they did it: an unimaginable tale of corruption and abuses of power that, in comparison, will make the Monica Lewinsky scandal seem like a Sunday school picnic.

Ambrose Evans-Pritchard a reporter for London's Sunday Telegraph uses his considerable investigative skills and his diplomatic immunity from the Clinton terror tactics to weave a series of tales that will literally make the reader's hair stand on end. Everything here has the ring of truth. But even if it did not, and a tenth of it is correct, then we are already living deep inside a "well-regulated" police state.

One word of caution to the reader: A great deal of this is circumstantial and hearsay evidence, however, as will become obvious to any astute reader: in a "soft police state," after witnesses have been intimidated, cajoled and murdered; documents have been tampered with, lost or shredded; drug money has been laundered and reinvested; subpoenas have been ignored or squashed; secrecy and plausible deniability have been invoked to shield everything from the public; we have a sycophantic incurious press, and public officials have been muted, silenced, bribed or coached into lying -- all up and down the line -- there isn't much else left but hearsay and circumstantial evidence. Plus, there is so much of this kind of evidence that its preponderance and very cross-confirmation alone takes on a life of its own, that is to say, it lends to these stories a kind of credibility and credence of its own.

In each of the scandals included -- from the Okalahoma City bombing cover up, to the reasons for Vince Foster's and Jerry Parks murders, to Dan Lasater, Don Tyson, and the Stephen's brothers cocaine empire -- run by the Clintons out of the Arkansas Development Finance Administration (ADFA) -- to complicity in a contract to murder Colonel Terry Reed -- this is in every respect a blue print for how to turn our democracy into the world's largest "soft police state."

  "In short, this book is nothing if not the anatomy of a "soft police state" in the making, with the State of Arkansas taking the lead in the descent into irretrievable corruption. How does it happen? The subtext of this book gives us a step-by-step manual for how its done: When unchecked power, secrecy, a complacent public, weak kneed and corrupt political authorities and ruling elites, a press that will not face the reality before it, and large illicit sums of drug money, collide; and then collude: morality and civility are the first to go out the window. And then our democracy is in grave if not mortal danger.

"What makes [the Iran Contra affair] so fascinating today is evidence that the CIA's base of operation was actively involved. The idea that an outwardly liberal and progressive Democrat like Bill Clinton was secretly assisting Oliver North's crusade against the Revolucion Sandinista is so shocking that the American press has dismissed it out of hand. But it is precisely because Mena turns the world upside down that it matters so much. If true, it validates the inchoate suspicion felt by many Americans that things are not what they seem. It suggests that the political rhetoric of the two parties in Washington is mere window dressing, while the real decisions are made in secret collusion without democratic accountability. To examine Mena is to examine the institutional condition of the United States. As for the president, it exposes him as a remarkable counterfeit, willing to betray his liberal principles for self-advancement."

This is truly scary stuff. Five stars


Tue, 08/26/2014 - 20:55 | 5147342 Oldwood
Oldwood's picture

"betray his liberal principles"

Since when have liberal principles been anything more than a tool to manipulate people into dependency on a corrupt state?

Tue, 08/26/2014 - 23:03 | 5147758 SafelyGraze
SafelyGraze's picture

ambrose sez

11:00 it (the us economy) was hit by a shock (2008). it's recovered very fast, partly because of this energy boom.  (fracking?)

12:00 at some point, perhaps soon, oil and gas supplies from russia to china are conducted in yuan. I don't think the currency in which it takes place makes that much difference. .. I don't think this is a life and death matter for america.

13:00 the chinese are buying a lot of gold because they are worried about what's going to happen.

13:50 (gold) is a benchmark of value. I don't share the view that there's some huge manipulation of the gold market going on. the chinese have been encouraging their citizens to acquire gold. that's something I don't fully understand.

14:30 we're going into a phase of fed tightening. that's pretty clear. and we're going into a cycle of rate rises. and gold's not going to like that.

15:15 the bancor http://en.wikipedia.org/wiki/Bancor or the sdr or a basket would be the direction we might one day go in

16:20 the german gold was moved to london and new york during the cold war in order to get it away from the front. [lars corrects him, then] didn't they shift a lot of it during the cold war to get it away from .. [lars corrects him a second time]

16:40 it (the german gold) could be in frankfurt or in london or new york .. it makes no difference whatsoever

17:00 what's interesting about it (gold repatriation) is what it shows about public opinion.

17:40 the US over-reacted to the Islamic threat in an incoherent way, invading iraq and so forth

22:10 [regarding public sentiment against debt-based fiat money] we're getting into very complex monetary theory, and I'm not an expert on this. but maybe fiat money could be created by governments instead of private banks. this is very complex. 

23:30 shout out to larry sumners!

26:30 unemployment is down, earlier than the fed predicted. so it's going to be difficult to hire people. 

to recap

not sure about sovereign gold holdings. or personal gold holdings. it's a tradition. for tail risk. public sentiment. don't really pay much attention. there's no collusion/collaboration/fixing of its price. I believe the fed when they signal tapering and rate hikes. neun-elf was about islam. I'm no expert on monetary theory. I believe BLS data.

 

Tue, 08/26/2014 - 23:26 | 5147832 Troy Ounce
Troy Ounce's picture

 

Thanks, saves a lot of time

Ambrose:

1.EU is Fucked

2. USA, USA, USA!

3. Gold: huh?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tue, 08/26/2014 - 23:32 | 5147856 Wild Theories
Wild Theories's picture

nice summary

 

sez a lot about Ambrose doesn't it.

Tue, 08/26/2014 - 22:14 | 5147596 Oldrepublic
Oldrepublic's picture

You can read his final column for the Telegraph when he was bureau

chief in Washington, DC (1997)

entitled: Goodbye, good riddance

http://www.afn.org/~govern/Riddance.html

Wed, 08/27/2014 - 00:50 | 5148025 whoflungdung
whoflungdung's picture

This is a great line (pun intended):

 

his (Clinton's) brother, Roger, was a convicted drug dealer who was once taped during under-cover surveillance saying "got to get some for my brother, he's got a nose like a vacuum cleaner"

Tue, 08/26/2014 - 22:28 | 5147636 junction
junction's picture

For more on Mena, Arkansas, where the New World Order criminals funneled tons of cocaine into the USA on Barry Seal's DC-3s, go to:

http://whatreallyhappened.com/RANCHO/POLITICS/MENA/mena.php

Wed, 08/27/2014 - 07:13 | 5148346 doctor10
doctor10's picture

Old Ambrose doesn't put anything out there without somebody's permission somewhere.  He's been a triple alphabet tool his whole life. (as are most journalist/reporter "stars")

What he put out about the Clinton's was what somebody, somewhere judged was preferable to the truth.

What he NEVER reveals is "whom" Bill and Hilarrhea's employers are.

find that out and the messes in the world would really  start to make sense.

 

He's just stirring up the "Red-Blue Olympics" for the fall elections

Wed, 08/27/2014 - 07:26 | 5148370 Youri Carma
Youri Carma's picture

Former Hillary Associate Claims to Have Been Her Personal Hit Man… Admits to Killing for Money http://freedomoutpost.com/2013/10/former-hillary-associate-claims-person...
 
Jeff Rense & Larry Nichols - The Truth About Hillary & 2016 Pt 1 http://www.youtube.com/watch?v=Akb8XXM8T08  Pt 2 http://www.youtube.com/watch?v=H4NdtLrBEIM

The Pete Santilli Show LIVE!!!! Episode #517 http://www.youtube.com/watch?v=NpakOBFa7LE

Tue, 08/26/2014 - 20:44 | 5147308 knukles
knukles's picture

I wonder if he and everybody else are being swamped with bunches and bunches, gobs and gobs of e-mails like the old Nigerian fax scams.
Seems about as good an environment for get rich quick schemes as any other in the days of free and easy money.

Tue, 08/26/2014 - 20:44 | 5147310 Oldwood
Oldwood's picture

Its called "progress".

The complete reliance on delusion as the primary operational principle.

What could go wrong?

Tue, 08/26/2014 - 20:47 | 5147314 Prairie Dog
Prairie Dog's picture

I love the smell of doom-saying in the morning

Tue, 08/26/2014 - 20:55 | 5147348 Oldwood
Oldwood's picture

The end is near brother. We all know it, just not when.

REPENT!

Tue, 08/26/2014 - 22:43 | 5147679 Kreditanstalt
Kreditanstalt's picture

The end is near brother.  We all know it, just not when.

BORROW AND SPEND!

Tue, 08/26/2014 - 23:14 | 5147793 Oldwood
Oldwood's picture

Haven't you heard?

We already did that and it didn't work. They are talking of actually getting out the helicopters soon and dropping cash in our front yard.

That's just got to work!

I'm going to run out and buy that $175000 chevy volt I always wanted.

Tue, 08/26/2014 - 20:50 | 5147325 ramacers
ramacers's picture

read a lot of this guy's stuff during the 90's. remarkably presient. hope he says what he really feels.

Tue, 08/26/2014 - 20:59 | 5147351 Millivanilli
Millivanilli's picture

Ambrose is a  western Tokyo Rose.  

Wed, 08/27/2014 - 07:43 | 5148390 August
August's picture

Ambrose is worth reading IMHO, but he seems to be basically of the opinion that the West's policy-makers aren't throwing the right switches and pulling the right strings, and never that said policy-makers are either 1) evil or 2) completely in over their heads (i.e. incompetent, ignorant and/or short-sighted). Voice of the Anglo Establishment, something of an anti-Farage.

Tue, 08/26/2014 - 21:12 | 5147377 Kreditanstalt
Kreditanstalt's picture

He says that the central banks have painted themselves into a corner and have no choices left.

Then he says that we are "in a rising interest rate trend".

How is this possible?  If central banks have no freedom of movement how can they "raise interest rates"?  Do they dare?

Tue, 08/26/2014 - 21:20 | 5147406 Cognitive Dissonance
Cognitive Dissonance's picture

When faith in the Fed is lost interest rates will rise despite the Fed's best efforts.

Tue, 08/26/2014 - 21:24 | 5147420 Kreditanstalt
Kreditanstalt's picture

Yes...but the conundrum is that Evans-Pritchard is so sure the Fed itself will choose to raise rates.

HOW is this possible?  (Rates will raise themselves, as you say.)

Tue, 08/26/2014 - 22:03 | 5147547 Mike in GA
Mike in GA's picture

I found his certainty in the face of all the difficulties we're all aware of to be off-putting.  As he mentioned raising rates to counter wage-push inflation I thought, he's still stuck in the same playbook that CBers have always used.  That struck me as disconnected, too.

The conundrum of the Fed raising rates and sacrificing growth or the markets doing it for them is the question to which we all await the answer.

Tue, 08/26/2014 - 21:23 | 5147408 Oldwood
Oldwood's picture

Maybe they are out of "survivable" options and interest rate increases are the nail in their coffin? I wouldn't bet on much as they probably own the coffin manufacturer.

Tue, 08/26/2014 - 21:47 | 5147492 Mike in GA
Mike in GA's picture

Interesting you mention this.  Consonant with the article on ZH today about the CFR recommending as a policy option the ladling of cash directly to consumers is Pritchard's mention of same.

Makes it easy to agree with your assessment that they are out of options and their hail mary play is the flood the markets with cash.  Sure makes me think the end game is finally coming into view.

Tue, 08/26/2014 - 21:54 | 5147515 Kreditanstalt
Kreditanstalt's picture

Handing cash directly to individual consumers would be a tacit admission that their preferred and believed Keynesian bank-centred approach of encouraging organic money supply growth and spending, etc., through increased borrowing (the "pump-priming" genuine "recovery") has failed.

They won't do that.  The one thing central planners hate most of all is to look WRONG...

Tue, 08/26/2014 - 22:25 | 5147625 Mike in GA
Mike in GA's picture

I agree completely that it will be an admission of failure.  That's what I found so astounding about the CFR article today - I can't believe these connected people in the know can agree that a hail mary play is what's needed now to 'save' the economy.

In and of itself this is admission that:

1 - the economy, despite the add'l Trillions in Keynesian pump - priming debt, is still faltering and nowhere near takeoff speed.

2 - policy options are limited, they've tried them all without success, and the liquidity trap is about to consume them/us

3 - CBers failed, keynesianism failed, political 'leaders' failed, so let's try it again

4 - Hail Mary is our only chance!  If this doesn't work, Keynesianism (as practiced) offers no additional policy options. 

Krugman has always clamored for more QE, now the CFR, (I didn't know they did economic policy advising, I thought they were just foreign policy) and now Pritchard mentions that a consumer-based QE, (the Hail Mary) becomes the last 'credible' policy left.

Things are getting more and more interesting.

Tue, 08/26/2014 - 22:50 | 5147714 Oldwood
Oldwood's picture

Recall that was Bush's move when this first started. How much did they supposedly send out to everyone, $6-800?

I think you may be miscalculating their ability to divert attention, change the message, rebrand the terms to fit their needs. They can do this by simply calling it something else. Citizen dividend. doesn't matter because the press will back them. All of the economic brains in the world can come out and call them a fraud and it will bounce off like water on a duck's back. They got this. Look around. Everything and I mean everything they are doing is totally transparent yet no one in the main stream press has called them on much of anything. they have state department people on tape admitting they were pushing this Ukraine disaster. Did anything happen, did the media call them out on this? Hell NO. They can and will do anything, regardless of how extreme, and probably more extreme than not because they see themselves as untouchables. After all this crap gong down in Ferguson, we see them come out with another government report claiming we right wing extremists are a threat after the Bundy ranch affair, I mean after all of the violence and destruction laid on them. No problem with the ghettos though. they all good! Transparency has a whole new meaning now. Its not about truth as much as a test. Do something outrageous and see who speaks up. That's your enemy, your threat right there. They will start handing out money like they did in Iraq and Afghanistan. We will have no idea where it went, who got what. We will just know that few of us saw anything, except a massive new addition on the national debt.

Tue, 08/26/2014 - 22:03 | 5147544 ramacers
ramacers's picture

solid view.

Tue, 08/26/2014 - 21:24 | 5147418 Mike in GA
Mike in GA's picture

I heard him say our Fed has to increase rates soon to fend off approaching wage push inflation as unemployment has reached 6.1%.

He thinks the US economy can handle it but the question becomes can the rest of the world's economies tolerate a rising rate environment?

Tue, 08/26/2014 - 21:27 | 5147427 Kreditanstalt
Kreditanstalt's picture

What "wage push inflation"??  All I see is McJobs.   The US debtor can't even handle higher rates, let alone the rest of the dollar-using world!  

Evans-Pritchard has long been ridiculously bullish on the US and their dollar.

Tue, 08/26/2014 - 21:40 | 5147460 Mike in GA
Mike in GA's picture

I agree and I do not understand his assessment of our economy's ability to withstand rising rates or our unemployment is that low, much less inflationary.  I also think he is too bullish on America although, like Kyle Bass says, as the world's cleanest dirty shirt, we will get an inordinate amount of world hot money flows as the end game emerges. (paraphrased - apologies to KB)

I was responding to your question about the inability of world CBs to raise rates and maintain whatever tepid growth there is to be found. That's not what Pritchard said.

Tue, 08/26/2014 - 23:34 | 5147830 Kreditanstalt
Kreditanstalt's picture

Sometimes, number-crunching, policy-wonking central planning-believers like Ambrose - in love with "empirical facts" but individually blind to what's going on around them - become so obsessively focused on the government's manipulated statistical parsings that they end up making observations only about that ever-shrinking portion of the population who work for "big companies", have "good" jobs with "good" salaries and company pensions...

They kind of forget that the majority is quite different.

Wed, 08/27/2014 - 01:35 | 5148102 hedgiex
hedgiex's picture

YES. When economies worsen to points of mass soical unrests for the big economies, their CBs will huddle to kick their bigger cans down their roads. (Smaller debtor nations and their people do not matter).

Eg: China has massive internal debt that cannot afford an interest rate rise and you accommodate them with their quid pro quo in parking their US$ even at ZIRP in Try. US is meantime still the cleanest diry shirt aorund for parking liquid funds.

This guy is still spinning from the paradigm that the waning economic empire  still have the past options of doing what it wants for its own economy to the exclusion of its creditors. 

Tue, 08/26/2014 - 21:24 | 5147419 TomGa
TomGa's picture

"American politics is perception management."  At least the Germans get it.  But does Ambrose truly believe that U-3 is realistically 6.1% or that GDP growth is 3%? Really???

Tue, 08/26/2014 - 23:29 | 5147839 edotabin
edotabin's picture

Perception is everything. The only variable is the sophistication level of the audience.

Here at zh we try our best to pierce that veil and therfore live in a constant state somewhere between reality and the next magic trick. Some jump to premature conclusions as living in this purgatory is a bit unsettling. Problem is, getting it wrong can be more than unsettling. 

Funny how the German guy talks about perception management though.  Has he not been following the EU happenings? A constant stream of lies requires constant perception management. 

 

Wed, 08/27/2014 - 04:19 | 5148228 natty light
natty light's picture

Also when he talked about the US "energy boom;" yeah. 

Perception management is a euphemism for lying to your face.

Wed, 08/27/2014 - 11:41 | 5149320 TomGa
TomGa's picture

UPDATE:  CBO revises annual GDP growth rate to 1.5%

Tue, 08/26/2014 - 21:25 | 5147423 cn13
cn13's picture

Ok Mr. Hyphenated Last Name.

Did your wife beat you into submission or did you choose it on your own?

But really, you are a Keynesian clown so I really don't want to hear or read the dribble that you spew.

 

Tue, 08/26/2014 - 21:57 | 5147527 Oldwood
Oldwood's picture

Has anyone noticed that everything works once. Its just that because it works once it is assumed it will work again regardless of how many subsequent times it has already failed. The reality is that it likely did not even work the one time as it may have been completely coincidental, but nonetheless, its all the proof needed. These people will keep hammering at this for an eternity, because they have nothing else.

Tue, 08/26/2014 - 21:34 | 5147447 Gromit
Gromit's picture

--

Tue, 08/26/2014 - 22:01 | 5147537 PeakOil
PeakOil's picture

Good interview. Ambroses's answers were revealing. And it is always nice to see a well known statist apologist squirm - if only a little.

Tue, 08/26/2014 - 22:05 | 5147556 ramacers
ramacers's picture

i dunno. he's a tough color to paint.

Tue, 08/26/2014 - 22:15 | 5147593 PeakOil
PeakOil's picture

BIS this IMF that. Meh, more clusterfuck. Why suppose the Central Bankers and their ilk will rule the World as they have for the next 50 years? Who in their right minds would let them?

Tue, 08/26/2014 - 22:43 | 5147680 Mike in GA
Mike in GA's picture

Why do you call him a "statist apologist"?

If anything, in my opinion, he is one of the most independent journalists working today.

Tue, 08/26/2014 - 23:41 | 5147879 malek
malek's picture

You're mixing that up with how he wrote up to 2-3 years ago.

Then he turned to become another clown trying to find new reasons why we need to PRINT MOAR.

Wed, 08/27/2014 - 08:38 | 5148530 The Abstraction...
The Abstraction of Justice's picture

Printing our way out of debt is not so bad. It is the suppresion of precious metal prices on the other side that stinks.

Tue, 08/26/2014 - 22:29 | 5147634 lanchende
lanchende's picture

Not clear the US benefits from it's 'exorbitant privilege' as the world's reserve currency?

I guess you can say anything with a British accent and sound smart. LOL

Tue, 08/26/2014 - 22:45 | 5147692 Mike in GA
Mike in GA's picture

I thought he must be referring to the offsetting costs-of-empire that drain the coffers - and the future earnings of - our country.

Tue, 08/26/2014 - 22:31 | 5147645 andrewp111
andrewp111's picture

The EU will be forced into complete political integration when the forces of the IS Caliphate conquer the Middle East and move toward the gates of Vienna.

Wed, 08/27/2014 - 07:54 | 5148403 August
August's picture

Fuck the EU.

Tue, 08/26/2014 - 23:23 | 5147823 datapanik
datapanik's picture

Thanks for the heads up on The Secret Life of Bill Clinton. If I may be so bold as to return the recommendation with Stephen Kinzer's latest: The Brothers - John Foster Dulles, Allen Dulles and their Secret World War. A litany of horrors perpetrated on countries around the world during the 1950s with tragic results and yes, I'm presently half way through Gary Webb's Dark Alliance - a fascinating dissection on the CIA, the Contras and the Crack Cocaine explosion. This has now been made into a film due to be released soon under the title - Shoot the Messenger. 

 

 

Wed, 08/27/2014 - 00:12 | 5147952 Time for Titus
Time for Titus's picture

"The Secret Life of Bill Clinton" is a heckuva book. Among many other salient points, he lays out a very persuasive case that the two "militia" cells that influenced McVey to do his thing in Oklahoma City were led by an FBI plant and a CIA plant. 

But I never could figure out why a British economist writer was in D.C. covering political corruption.

Wed, 08/27/2014 - 08:37 | 5148522 The Abstraction...
The Abstraction of Justice's picture

The Telegraph at the time had different editors and it was the only paper in the world worth reading. Not so today. Things have fallen fast.

Wed, 08/27/2014 - 00:31 | 5147990 damicol
damicol's picture

He is nothing more than  the asslicker of the likes of druggy draggy, Abe and the pitiful moron benwanker.

They call him up he jumpd 10 ft and his obsequiousness is gut churning as his brown nose ferrets out a pencil to jot down his next missive dicated to him

Wed, 08/27/2014 - 01:25 | 5148083 KingTut
KingTut's picture

I had become somewhat disappointed with AEP over the last couple of years.  However, this interview has made me think twice.  I think his editor requries him to attach a Keynesian belch to the end of his articles.  But if you read them, these additions seem totally out of place.  While these bits of propaganda have damaged AEP's reputation, this interview is quite illuminating, and brings some new thinking to the table for ZH readers to think about.  That the US is stronger than it ever has been, just because everyone else is such a mess.  That China Japan the EU and Russia are in much greater danger the the US.  Thata new world currency built not just on SDRs is in the wroks, but including mutliple commodities beyond just gold.

Look nobody's perfect, and I don't agree with anyone I read on ZH 100%.  AEP is no different.

 

Wed, 08/27/2014 - 08:35 | 5148520 The Abstraction...
The Abstraction of Justice's picture

His assumption is that the US is demographically better off than China. Perhaps he forgot the Mexican invasion that threatens to bring the US into civil war.

Wed, 08/27/2014 - 01:45 | 5148115 2bing
Wed, 08/27/2014 - 02:54 | 5148186 GreatUncle
GreatUncle's picture

AEP, understands alot but in the new world order would possibly lose too much to be too truthful.

It is one thing to see the flaws in the current system and another to change it with the ability to change anything residing only with those private individuals who control the FED.

Wed, 08/27/2014 - 03:06 | 5148187 amanfromMars
amanfromMars's picture

At around the 08:00 mark in that video interview, does Ambrose Evan-Pritchard turn into a misguided/guiding MI6 missile? ’Tis such a shame whenever intelligence is so evidently limited and apparently blinkered if not beautifully targetted and pin-point accurate.

He says everything right at the start though ....... Nothing has been changed to introduce change since the last ongoing escalating crash of 2007/2008. Heads buried in the sand is a strange default to adopt whenever collapse is the mechanism of competition and anonymous virtual opposition to failed status quo fiat capitalist captured state control for command.

 

Wed, 08/27/2014 - 03:15 | 5148195 Atomizer
Atomizer's picture

Meanwhile, the NYT is alerting advancements on climate change laws under the Obama administration. Sticking a band-aid on one problem and hoping to devise a solution with a weak premise is extremely dangerous.

Check the Drudge Report. This man is liable too lose his title as POTUS if actually implemented. Back to this thread....

The Lars video is a true AAA+ gem. The global economy is being held up by crutches. Back off too bed. 

Wed, 08/27/2014 - 05:36 | 5148261 johnmack
johnmack's picture

Uhhhhh, doesnt this interview fly in the face of everything zerohedge stands for. Essentially Ambrose is saying china and russia are screwed and while USA will suffer it will come out quiet peachy and even more powerful or am i mistaken if so please correct me.

 

Wed, 08/27/2014 - 08:32 | 5148510 August
August's picture

Ambrose is a Greek to America's Rome.

Wed, 08/27/2014 - 10:03 | 5148883 RaceToTheBottom
RaceToTheBottom's picture

But he has a cool, distinguished English accent, so its all good.

Wed, 08/27/2014 - 05:39 | 5148263 smacker
smacker's picture

There are some good and bad things to say about Evans-Pritchard.

On some occasions he comes across as a well informed journalist who says what he thinks whoever it might rattle, like his quoted comment in this article. On other occasions he appears to spout the Establishment script (or at least one they would approve of). This may be due to pressure from the Barclay Brothers, I dunno. But gone are the days when one can simply read his articles and assume he's got it right.

Wed, 08/27/2014 - 05:39 | 5148264 Flybyknight
Flybyknight's picture

error

Wed, 08/27/2014 - 05:36 | 5148265 Flybyknight
Flybyknight's picture

He is a clever cookie no doubt but he definitely supports the US/EU agenda. Must be angling for a new job

Wed, 08/27/2014 - 07:19 | 5148356 Youri Carma
Youri Carma's picture

Ambrose Evans-Pritchard is mainstream fool.

Wed, 08/27/2014 - 08:33 | 5148516 The Abstraction...
The Abstraction of Justice's picture

He was kicked out of the US for reporting on Clinton's conspiracies and he also exposed the Oklahoma bombing as something other that what the government said it was. He is not mainstream, but unfortunately his economic perspective is Keynsian madness.

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