This essay is not intended to address a crisis that may be occurring on the border at this time. We make no comment on that. Nor does it discuss the issues around war, such as how to deal with citizens of enemy nations. This essay is not a policy proposal, it does not set out, for example, when an immigrant can become a citizen and attain the vote or what to do to immigrants who commit crimes. It has but one purpose: to enumerate and respond to the common arguments used in favor of an impenetrable and guarded border fence to shut down immigration.
From Ukraine to Gaza, geopolitical risks are weighing heavily on investors’ minds. But there are plenty more out there that may not be getting headlines.
While the conflict in Ukraine rages on, EU member states havedecided to impose (not so much more stringent)economic sanctions against Russia, which was predictably followed by Russian counter-measures. The question which isn't being asked often enough, is whether these sanctions will actually improve the situation. Here's an analysis following four concrete questions:
1. Can things get even worse in Russia?
2. Is the West able to guide Russia and Ukraine down the right path?
3. Can the West contribute to a sharpening of the crisis?
4. How can the West protect itself against this conflict?
Huxley’s Brave New World dystopian America had a good run from 1950 until 2000. Our keepers kept us fat, dumb, distracted, and in debt up to our eyeballs. Since 2000 Orwell’s 1984 dystopian Surveillance States of America seems to be taking shape, under the watchful eye of our very own Big Brother, the NSA. Fear, punishment, slogans (See Something Say Something) and appeals to non-thinking patriotism have replaced freedom, liberty, individual rights, the Constitution, personal responsibility for our own lives and questioning authority. Are you a believer? “One believes things because one has been conditioned to believe them.” – Aldous Huxley – Brave New World; Or a truth seeker? “You shall know the truth and the truth shall make you mad.” – Aldous Huxley
The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined. Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years... And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst.
In a surprise announcement, China revealed that in addition to scheduled naval drills to be held near Vietnam (in case there isn't nearly enough tensions between China and the former US war foe) the country's Military of Defense announced that it would expand military drills in the East China Sea, which will re-escalate the already boiling territorial disputes which involve Japan, the Philippines and Vietnam. While the scale of the current drills is bigger than in the past, it’s a coincidence the annual exercises are being held at the same time, Beijing News reported yesterday, citing Zhang Junshe, a researcher at Navy Military Research Institute. The irony that this is happening as China is already conducting a massive live-fire drill off Beibu Bay, also known as Gulf ot Tonkin, will hardly escape readers, although we doubt even China will be so daring as to troll the US with a follow up "false flag" operation that launches a "contained" regional war. In addition to Tonkin, China is also engaging in a drill in the Bohai Strait next to North Korea, and now: the East China Sea, just to make sure Japan and Taiwan are also covered just in case.
You can be forgiven for thinking that the world is a pretty terrible place right now, exclaims JPMorgan's Michael Cembalest. With 11.7% of the world's population currently at war (and a considerably larger percentage seemingly on the verge), it seemed an appropriate time to summarize the main geopolitical risk points in the world.
On July 4th, the United States will celebrate Independence Day once again. But who in the world are we trying to kid? Our founders intended to create a society where freedom and liberty would be maximized, but that is not what America looks like today. Instead, we live in a country that literally has millions of laws, rules and regulations. We have a government that is obsessed with spying on the entire planet and that tries to watch, monitor, track and record as much information about all of us as it possibly can. A “Big Brother” surveillance grid is being constructed all around us, and our militarized police are becoming more brutal with each passing day. Sadly, most Americans don’t seem too alarmed by any of this. In fact, a new Gallup survey has found that 79 percent of Americans are “satisfied” with the level of freedom in this nation. That is a very alarming statistic. If most people believe that everything is “just fine”, then our leaders are going to feel free to keep doing the same things that they have been doing.
- Obama Decries Big Bonuses at Bank Trading Desks as Risky (BBG)
- India central bank seeks to swap gold to improve reserves quality (Reuters)
- There goes Q3 GDP: Arthur Strengthens to Become First Atlantic Hurricane (BBG)
- Airports Serving U.S. Tighten Checks on Stealth-Bomb Threat (BBG)
- Fear, cash shortages hinder fight against Ebola outbreak (Reuters)
- Brent Declines as Libya Rebels Say Ports Are Open (BBG)
- Shiites Train for Battle in Iraqi Holy City (WSJ)
- Dimon’s Cancer Has 90% Cure Rate With Demanding Therapy (BBG)
- Goldman says client data leaked, wants Google to delete email (Reuters)
- ECB Watchers in the Dark Look to Draghi for Illumination (BBG)
The Pentagon Has A Problem: "Vetting Moderate Al Qaeda Rebels Can Be Tough" - So Here Is A Simple Solution...Submitted by Tyler Durden on 06/27/2014 18:46 -0500
Moments ago, none other than the Pentagon's rear admiral John Kirby confirmed that there is a glaring problem with Obama's intentions to disburse $500 million to "moderate" Syrian rebels.
- KIRBY SAYS A LOT OF WORK NEEDED TO VET MODERATE SYRIAN REBELS
- KIRBY SAYS CONCERNED ABOUT AID `ENDING UP IN THE WRONG HANDS'
While we share his sentiment (which we doubt is much of a concern to the US MIC as it will merely provide one set of US-made weapons to destroy another set of US-made weapons), we repeat that there is a simple solution. It comes from Andy Borowitz, who appears to have read our mind, and is breathtakingly simple. Presenting: The Moderate Syrian Rebel Application Form.
The annual human trafficking report has just been published by the US State Department in the Trafficking in Persons (TiP) report.
Nothing lasts forever: Why the perceptions of North Korea may be different from reality
Following Russia’s historic $400 billion natural gas supply deal with China last week, Japanese lawmakers are looking to revive efforts to tap into Russian natural gas supplies themselves.
There can be little doubt that Thomas Piketty's new book Capital in the 21st Century has struck a nerve globally. In fact, the Piketty phenomenon (the economic equivalent to Beatlemania) has in some ways become a bigger story than the ideas themselves. However, the book's popularity is not at all surprising when you consider that its central premise: how radical wealth redistribution will create a better society, has always had its enthusiastic champions (many of whom instigated revolts and revolutions). What is surprising, however, is that the absurd ideas contained in the book could captivate so many supposedly intelligent people.
Unrestricted flow of capital is the most effective way to encourage reforms, and North Korea is no exception. History has proven time and again that regime change does not occur when conditions are at their worst, but when circumstances begin to improve and the people grow impatient for further progress.