While North Korea had made it very clear that it had nothing to do with the Sony hack, it did demand a full UN-backed investigation, a proposal quickly shot down by none other than the US which always demands full "transparency" of all actions except when actions are its own, or when the resulting transparency would shine an unwanted light on the hypocrisy behind US national interests. Furthermore, in its first statements regarding The Interview, North Korea was actually quite cordial, and said nothing offensive regarding Obama. All that changed overnight when in its first official statement since its Internet went dark - something which if indeed North Korea did not hack Sony, as it claims, would be seen as a clear act of war if it were to happen to any other "developed" country - North Korea finally lost it and decided that the time to troll the US president has finally arrived, when, as the TV anchor says beginning 1:10 minutes in the clip blow, "Obama always goes reckless in speech and action like a monkey in a tropical jungle."
The global wish-granter-in-chief...
As Politico's Michael Grunwald writes below (we believe non-satirically), the midterm election’s discontent was illegitimate. The point is that Americans should cheer up! And whose fault is all the collective doom? Well, Bill De Blasio already explained that, as Grunwald confirms, the press has a problem reporting good news. So sit back, grab a drink (though swallow it first) and enjoy reading why "everything is awesome" in America (apart from a record 101.5 million Americans not working, record numbers on foodstamps, record numbers on disability, a record wealth divide, a record - and deadly - racial divide, record poverty, and record child homelessness).
- Japan inflation slows to 14 month low, output slips (Reuters)
- Russia says ruble crisis over as reserves dive, inflation climbs (Reuters)
- Ruble rebounds sharply from lows as exporters sell dollars (Reuters)
- Xbox, PlayStation Networks Attacked, Hackers Claim Credit (BBG)
- Sony’s ‘The Interview’ Packs Theaters Without Violence (BBG)
- Oil edges above $60 as Libyan output slumps (Reuters)
- Shoppers’ Late Rush Gives Hope to Retailers (WSJ)
- Japan says close to deal with South Korea and U.S. on North Korea defense (Reuters)
- NYPD Arrests Seven for Threats After Slayings of Officers (BBG)
2014 was quite a bizarre year. The past 12 months brought us MH370, Ebola, civil war in Ukraine, civil unrest in Ferguson, the rise of ISIS and the fall of the Democrats in the midterm elections. Our world is becoming crazier and more unstable with each passing day, and we have a feeling that things are going to accelerate greatly in 2015... despite record-er-est US stock prices.
It is truly amazing to see the contortions into which some analysts twist themselves, trying to make the historical facts fit their economic models.
For all those who think the upcoming carnage to the shale industry will be "contained" we refer to the following research report from the Manhattan Institute for Policy Research. For the impatient ones, here is the punchline: "The $300–$400 billion overall annual economic gain from the oil & gas boom has been greater than the average annual GDP growth of $200–$300 billion in recent years—in other words, the economy would have continued in recession if it were not for the unplanned expansion of the oil & gas sector."
North Korea Warns Of Attacks Against White House, Pentagon And Entire "Cesspool Of Terrorism" That Is AmericaSubmitted by Tyler Durden on 12/22/2014 09:07 -0500
The whole "North Korea hacking Sony" story had gotten so bizarre over the past week, there was nothing stopping it from jumping fully into the rabit hole. Which it did overnight when as the FT reported, North Korea warned of strikes against key sites in the US in retaliation for Washington blaming Pyongyang for the recent Sony cyber attack, saying any US punishment over the incident would lead to damage “thousands of times greater”. The NDC said its 1.2m-member army was ready to use all types of warfare against the US. “Our toughest counteraction will be boldly taken against the White House, the Pentagon, and the whole US mainland, the cesspool of terrorism, by far surpassing the ‘symmetric counteraction’ declared by Obama,” said the NDC statement, carried by official news agency KCNA.
Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."
"I’m tired of being outraged!"
The following clip, proving beyond a shadow of a doubt the very real war that is raging between the NYC mayor's office and the city's police department, has to be seen to be believed.
- Icahn, Paulson Suffer Large Losses as Energy-Related Bets Sour (WSJ)
- Oil Investors Keep Betting Wrong on When Market Will Bottom (BBG)
- U.S. to sell final $1.25 billion shares of Ally Financial from bailout (Reuters)
- Ally Financial Gets Subpoena Related to Subprime Automotive Finance (WSJ)
- Russia's parliament rushes through bill boosting banking capital (Reuters)
- How a Memo Cost Big Banks $37 Billion (WSJ)
- ECB considers making weaker euro zone states bear more quantitative easing risk (Reuters)
- How the U.S. Could Retaliate Against North Korea (BBG)
With great delight we present the latest blowback from Obama's "brilliant" strategy to cripple Putin: in addition to the default wave about to crush America's own shale industry, America's biggest foreign ally and military partner when it comes to "ideologically pure missions of liberation" - the UK, and specifically its North Sea oil industry which according to the BBC is in a "crisis" and according to Robin Allan, chairman of the independent explorers' association Brindex, the industry was "close to collapse". "It's almost impossible to make money at these oil prices", said a director of Premier Oil. "It's a huge crisis. It's close to collapse. In terms of new investments - there will be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks. Budgets for 2015 are being cut by everyone."
United States Of Newspeak – Obama Spins Executive Orders As "Presidential Memoranda" To Avoid ScrutinySubmitted by Tyler Durden on 12/18/2014 22:50 -0500
If there’s one thing we have learned about Barack Obama, it’s that he is a master of deception and absolutely loves to lie to the public. He seems to enjoy conning the plebs to such a degree, I think he actually receives blasts of dopamine every time he does it. The bigger the lie, the better the rush: "President Obama has issued a form of executive action known as the presidential memorandum more often than any other president in history — using it to take unilateral action even as he has signed fewer executive orders. Like executive orders, presidential memoranda don’t require action by Congress. They have the same force of law as executive orders and often have consequences just as far-reaching. And some of the most significant actions of the Obama presidency have come not by executive order but by presidential memoranda."
As we explained previously, quietly hidden within the humanitarian-sounding "The Ukraine Freedom Support Act of 2014", under the premise of enabling further sanctions on Russia, is the provision of "lethal aid" to Ukraine. Today, President Obama signed it into law...
*OBAMA SIGNED RUSSIAN SANCTIONS BILL TODAY, but SAYS HE DOESN'T PLAN TO IMPOSE SANCTIONS UNDER NEW LAW
Because he knows full well that is not the important part. The "lethal-aid" aspect is a direct provocation to Russia.. and he knows exactly how Putin will respond.
Absent YouTube clips of young North Korean hackers actually attacking Sony, the Obama administration appears to have made up its unequivocal mind that they are responsible... (even as they say the Sony hack origin is still under investigation) and now...
*SONY HACK BEING TREATED AS NATIONAL SECURITY MATTER: EARNEST
*EARNEST SAYS SONY HACKING MERITS 'APPROPRIATE RESPONSE'
The White House spokesman added that daily meetings are being held on the attack. We wonder just how soon it will be before the Nobel Peace Prize winner decides it's time to take 'action'.