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The Delirium Of Milliards - How Monetary Heroin Tempts Hyperinflation





"New banknotes were being delivered daily in boxcar loads. In October 1923, banknote circulation amounted to 2,496,822,909,038,000,000 and everyone called for more. It is this last fact that is most telling, that every group believed that the solution was simply more money. They failed to grasp that what was needed was to simply cease all manipulation of the system and let the free market return. Their failure assured that the only possible outcome was the collapse of the system."

 
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Nomi Prins: Crony Capitalism & Corruption - An Entirely Rigged Political-Financial System





The notion of free markets, mechanisms where buyers and sellers can meet to exchange securities or various kinds of goods, in which each participant has access to the same information, is a fallacy. Transparency in trading across global financial markets is a fallacy. Not only are markets rigged by, and for, the biggest players, so is the entire political-financial system.

 
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"Nothing Makes Sense Anymore" Traders Fear Debt Market Distortions Signal "Something Big Is Brewing"





In the last few months we have warned of the "perversions" in US money markets (here, here, and most recently here) adding that "to ignore them at your own peril." And now, as Bloomberg reports, it appears the mainstream is beginning to recognize that something very strange is going on in debt markets. Across developed markets, the conventional relationship between ('risk-free') government debt and other 'more risky' assets has been turned upside-down. "Everybody in the fixed-income market should care about this," warns a rates strategist and in fact, it’s hard to overstate how illogical it is when swap spreads are inverted, as JPM warns the moves in swap-spreads "should be viewed as symptomatic of deeper problems."

 
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Guest Post: The Western Roots Of Anti-Western Terror





The Islamic State’s horrific attacks in Paris provide a stark reminder that Western powers cannot contain – let alone insulate themselves from – the unintended consequences of their interventions in the Middle East. The unraveling of Syria, Iraq, and Libya, together with the civil war that is tearing Yemen apart, have created vast killing fields, generated waves of refugees, and spawned Islamist militants who will remain a threat to international security for years to come. And the West has had more than a little to do with it.

 
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Austerity And Anarchy: Tying Budget Cuts To Riots, Assassinations, And Attempted Revolutions





As Europe grapples with political turmoil in the periphery stemming partly from voters' collective frustration with years of austerity, RBS takes a look at the history of European expenditure cuts and how they correlate to anti-government demonstrations, riots, assassinations, general strikes, and attempted revolutions. 

 
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Are 'We' Bombing The Wrong Country?





Presented with no comment...

 
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Ron Paul On What Should Be Done About Paris





Why do they still refuse to believe in the concept of blowback? Is it because the explanation that, “they hate us because we are free,” makes it easier to escalate abroad and crack down at home? It may not be popular to say this as emotions run high and calls ring out for more bombing in the Middle East, but there is another way to address the problem. There is an alternative to using more military intervention to address a problem that was caused by military intervention in the first place.

 
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ISIS Threatens Attacks On Washington DC In New Video





 
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France’s Answer To Terrorism: The "Law Of Suspects"





It turns out that “terrorist” was originally a term used to describe the government officials who created and executed these oppressive tactics under the guise of keeping people safe from their enemies. Governments have a dangerous tendency to never let a serious crisis go to waste.

 
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The Fed Will Raise Rates Only Insofar As They Are Irrelevant





If the Fed raises the short-term interest rates next month, it will do so only as a token. And it will continue doing so only as long as it has no negative effect on asset prices. Higher rates, in other words, will only happen as long as – and only insofar as – they are irrelevant. Should higher rates begin to do the work of tightening credit, as they are supposed to, the Fed will back off and fly to the aid of Wall Street and fellow bankers coast to coast. They have rigged the system to function on fraudulently low interest rates; now the fraud has gotten into its bones. The economy – especially the Wall Street economy – depends on cheap money. It will fall in a heap without it.

 
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These Are America's Fattest States





Everyone knows the US has to gone to great lengths to become the most obese nation on the face of the earth. Americans cherish their sedentary lifestyle and have become accustomed to gorging themselves at meal time and if persisting in such creature comforts means shaving a few years off their lifespans well, for most people that’s probably a reasonable trade off. We present the fattest states in the nation.

 
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Meanwhile, In Chicago





With a person shot every 3 hours and murdered every 17 hours, perhaps - just perhaps - there is more than just climate change to worry about in Chicago...

 
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There Are No Safe Spaces





We're not persuaded that world opinion will ever “make sense” of the Paris attacks. The non-linear rules the day. One thing seems assured: hard-line governments are coming soon. Politically, the West had boundary problems that go way beyond the question of national borders to the core psychology of modern liberalism. When is enough of anything enough? And then, what are you really willing to do about it? The answer lately among the Western societies is to do little and do it slowly. The behavior of college administrators and faculties in the USA these days is emblematic of this cowardly dithering.

 
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Obama Says 10,000 "Carefully Vetted" Syrian Refugees Still Headed To The US





The United States still plans to try to admit 10,000 Syrian refugees into the country in the coming year, the State Department said on Monday as the weekend attacks in Paris renewed scrutiny on Syrian migrants. But not just anyone: according to the US State Department, the US will only accept "carefully vetted" Syrian refugees...

 
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