North Korea

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Frontrunning: September 15





  • China stocks resume sharp slide as economic worries mount (Reuters)
  • OECD head says sees further cut to global growth forecasts (Reuters)
  • The U.S. Dollar Is Gaining Like It's the 1980s — For Better or Worse (BBG)
  • Glencore Slumps to Record Low, Erasing Gains Since Debt Plan (BBG)
  • Woman killed, 400 homes destroyed by California wildfire (Reuters)
  • Why Morning Is the Worst Time to Trade Stocks (WSJ)
  • German Investor Confidence Damped by Weaker Emerging Markets (BBG)
 
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An Angry China May Cancel Xi Trip To Washington Over US Cyber Sanctions





"The Chinese right now are getting very concerned because they understand this will create embarrassing optics around the visit for them."

 
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US To Slap Chinese Hackers With Sanctions Ahead Of Xi Visit





"There is no reason to embarrass the president of China..."

 
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The Economics Of Bernie Sanders





If we could put the economics of Bernie Sanders into a nutshell, it would be this: Burden private enterprise with one directive after another, and then demonize it when it ultimately falls down under the awful weight of taxes, higher costs, and mandates. While many people believe that instituting the Sanders economic agenda would help turn the USA into another Sweden or Denmark, the more likely outcome would be turning this country into another Venezuela.

 
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Bill Clinton Tried To Give Paid Speeches To North Korea & Congo While Hillary Was Secretary Of State





“I did not have financial relations with that dictator.”

 
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North Korea Declares State Of War After Argument Over Loudspeaker Spirals Out Of Control





Tensions were already running high across the DMZ in the Korean Peninsula, and then someone took a shot at a speaker...

 
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Dazed And Confused: Futures Tumble Below 200 DMA, Oil Near $40, Soaring Treasurys Signal Deflationary Deluge





It is unclear what precipitated it (some blamed China concerns, fears of rate hikes, commodity weakness, technical picture deterioration although  it's all just goalseeking guesswork) but overnight S&P futures followed yesterday's unexpected slide following what were explicitly dovish Fed minutes, and took another sharp leg lower down by almost 20 points, set to open below the 200 DMA again, as the dazed and confused investing world reacts to what both the Treasury and Oil market signal is a deflationary deluge. Indeed, oil is about to trade under $40 while the 10Y Treasury was last seen trading at 2.07%. Incidentally, the last time oil was here in March of 2009, the Fed was about to unleash QE 1. This time, so called experts are debating if the Fed will hike rates in one month or three.

 
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North Korea Threatens To "Invade USA," Use Weapons "Unknown To The World"





If Washington does not cancel its planned military exercises with South Korea, North Korea has issued new nuclear threats and says it is ready to us its latest weapons, which "are unknown to the world." The drills, called Ulchi Freedom Guardian, are due to start Monday are designed to "protect the region and maintain stability on the Korean peninsula." However, as expected Pyongyang is not happy, "If [the] United States wants their mainland to be safe," said state TV, "then the Ulchi Freedom Guardian should stop immediately."

 
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America's Biggest Lie - Dictatorship Or Democracy?





The real issue is whether the country is controlled by its aristocracy (a dictatorship), or instead by its public (its residents). Let’s be frank and honest: an aristocratically controlled government is a dictatorship, regardless of whether that “aristocracy” is in fascist Italy, or in Nazi Germany, or in Communist USSR, or in North Korea, or in the United States of America.

 
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The Cyber Wars Begin: Obama Says US "Must Retaliate" Against China For Historic Data Breach





The US has determined that the Chinese cyber attack on the databases of the Office of Personnel Management "was so vast in scope and ambition that the usual practices for dealing with traditional espionage cases [does] not apply," The New York Times reports. In short: "this agression will not stand, man."

 
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Today's Anti-Capitalists Ignore The Fundamental Problems Of Socialism





When people are hungry and unhappy, the state cannot survive if the people know others are better off. The state uses propaganda, misinformation, and censorship to make an already captive citizenry even more confused and submissive.

 
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The Eurasian Big Bang: How China & Russia Are Running Rings Around Washington





Tehran, Beijing, Moscow, Islamabad, and New Delhi have been actively establishing interlocking security guarantees. They have been simultaneously calling the Atlanticist bluff when it comes to the endless drumbeat of attention given to the flimsy meme of Iran’s "nuclear weapons program."  And a few days before the Vienna nuclear negotiations finally culminated in an agreement, all of this came together at a twin BRICS/SCO summit in Ufa, Russia -- a place you’ve undoubtedly never heard of and a meeting that got next to no attention in the U.S.  And yet sooner or later, these developments will ensure that the War Party in Washington and assorted neocons (as well as neoliberalcons) already breathing hard over the Iran deal will sweat bullets as their narratives about how the world works crumble.

 
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