"When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise."
- Chrstine Lagarde
There is a growing recognition of the increasing tail wagging the dog nature of the internet's control over election outcomes. We recently detailed "the hidden persuaders" at work showing how the internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do. Confirming all of this to be chillingly true is Andrés Sepúlveda, who rigged elections throughout Latin America for almost a decade. On the question of whether the U.S. presidential campaign is being tampered with, he is unequivocal - "I'm 100 percent sure it is."
Gun violence in the windy city is on track to post its worst year in the 21st century, the result of an unprecedented surge in gun deaths in the first three months of the year. By March 31, 141 people had been killed, according to the Chicago Police Department. On Thursday, eight were shot and two of them died in one hour alone, Chicago Police said.The 141 deaths in the first three months of the year mark a 71.9% jump from the same period in 2015, when 82 people were killed. It's the worst start to a year since 1999, when 136 people died in the first three months the year
Greek politicians wasted no time in seeking a response from the IMF over the leaked transcript released earlier today by Wikileaks suggesting the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief, and which according to the Greek government was "interpreted as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected."
In the aftermath of dramatic tarfiffs imposed on China's steel exports in December, we asked how long until it responds with it own protectionist response: a necessary and sufficient condition for fully symmetric trade wars. It did so earlier today when, accused of flooding world markets with cheap steel, it imposed its own anti-dumping duties as high as 46.3% on electric steel products imported from Japan, South Korea and the European Union, the Ministry of Commerce said on Friday.
In Finance, What Happens When You Trust the Untrustworthy? You're About to Find Out With Private BlockchainsSubmitted by Reggie Middleton on 04/01/2016 13:05 -0400
Putting trust in an entity does not mean that you can trust that entity. Ask the former clients of Bernie Madoff, Lehman Brothers, Bear Stearns and Man Financial - among many others. Despite these very recent historical examples of misplaced trust consequences, here we go again!
In a story that itself seemed like it may be an April fool's joke, the WSJ writes that China’s official Xinhua News Agency has issued a warning on its viewpoint commentary microblog that antics over April Fool’s Day - a tradition it was first exposed to only in the late 1970s when it gradually opened up to foreign cultural influence - are "inconsistent with core socialist values" and at odds with Chinese cultural tradition.
Like the “little Dutch boy,” the Fed currently has a finger stuck in every hole of the dike. The only question is how long is it before the Federal Reserve runs out of “fingers” to plug the next leak?
"In our “Top 10 market themes for 2016”, we argued that the ‘Bernanke put’ might gradually be replaced by the ‘Yellen call’. Recall, the ‘Bernanke put’ was the idea that meaningful declines in market sentiment would be met with aggressive monetary action, thus providing a buffer to downside risk. Our notion of the ‘Yellen call’ was the converse of this – that with labor markets approaching full employment and core PCE inflation rising towards target, meaningful rallies in market sentiment would likely be met with a more robust withdrawal of policy accommodation.... It hasn’t happened."
ISIS In California? 17 "Arabs In Turbans" Fired Guns And Chanted Allahu Akbar In Middle Of The DesertSubmitted by Tyler Durden on 03/31/2016 11:01 -0400
Will We Learn History ... Or Repeat It?
The Founders understood that our freedoms do not flow from the government. They were not given to us only to be taken away by the will of the State. Until we can get back to this way of thinking, until we can remind our fellow Americans what it really means to be a free American, and until we can learn to stand our ground in the face of threats to those freedoms and encourage our fellow citizens to stop being cogs in the machine, we will continue to be treated like slaves in thrall to a bureaucratic police state run by political psychopaths.
“Nobody for President. That’s my campaign slogan. We got money for wars but can’t feed our homeless. The government is hopeless. It’s like a reality show. The Real lives of the House Liars... all this pageantry is just designed for fools. They gonna give you the one they choose. Too big to fail, too rich to lose. And I’m still too broke to vote."
As inconsequential as the email issue might seem to most of us, judgment matters! And if judgment matters, the text of Hillary Clinton’s speeches should be critical to the Democratic Party faithful when making up their minds whether they would want her to be the party’s nominee. The DNC’s complicity in failing to denounce the speeches’ secrecy is an affront to the truth, showing the machinations of dirty politics.