Mark Spitznagel: "Mises will ultimately be right yet again about the inevitable final collapse of the current asset boom brought about by credit expansion. The term “black swan” (the surprising, unforeseen event) used for bursting financial bubbles has been and will remain a misnomer - we can and, indeed, should expect such tumults to occur at some point as a consequence of massive central bank intervention and economic distortion."
Ron Paul: "As to the unwinding of this mess, I’m convinced that when the current expansion ends it will be abrupt, gigantic, and worldwide. The 43-year expansion of Fed credit and debt, delivered to us by a fiat dollar standard, and held together artificially by an undeserved trust will end badly."
America’s attention recently turned away from the violence in Iraq and Gaza toward the violence in Ferguson, Missouri, following the shooting of Michael Brown. The increasing use of military equipment by local police is a symptom of growing authoritarianism, not the cause. The cause is policies that encourage police to see Americans as enemies to subjugate, rather than as citizens to "protect and serve.”
The humanitarian situation was cynically manipulated by the Obama administration -- and echoed by the US media -- to provide a reason for the president to attack Iraq again. This time it was about yet another regime change, breaking Kurdistan away from Iraq and protection of the rich oil reserves there, and acceptance of a new US military presence on the ground in the country. President Obama has started another war in Iraq and Congress is completely silent. No declaration, no authorization, not even a debate. After 24 years we are back where we started. Isn’t it about time to re-think this failed interventionist policy? Isn’t it time to stop trusting the government and its war propaganda? Isn’t it time to leave Iraq alone?
"Far away from Congress is the real forgotten man, the taxpayer who foots the bill... For if human liberty is to survive in America, we must win the battle to restore honest money."
"the paper money disease here may take many years to run its course...but when that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife."
Having expressed his dismay at President Obama's decision to embark upon Iraq War 3.0, Ron Paul explains "it's a little bit late to salvage all the mistakes that we've made for the past 24 years," adding that he is worried "it will end up with a lot more violence because they are putting more troops in there right now." Simply out, Paul concludes, "the sooner we get out of there the better," as it "jeopardizes our national security and is bankrupting our country... this is exactly what Osama bin Laden wanted."
"The U.S. government has grown strangely quiet on the accusation that it was Russia or her allies that brought down the Malaysian airliner with a buk anti-aircraft missile... When evidence contradicts our government’s accusations, the evidence is never revealed to the public—for national security reasons, of course... Too bad we can’t count on our government to just tell us the truth and show us the evidence. I’m convinced that it knows a lot more than it’s telling us."
"The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar's eventual demise as the world's reserve currency."
Bridges Versus Bombs?
In an effort to prevent genocide, President Obama has authorized US military action in Iraq "to protect Americans":
*OBAMA SAYS HE'S AUTHORIZED TARGETED AIR STRIKES IN IRAQ
*OBAMA SAYS HE'S AUTHORIZED HUMANITARIAN DROPS FOR REFUGEES
Global equity markets and Treasury yields are tumbling, oil and gold are up. President Obama concluded: "Today, America Is Coming To Help Iraq"... Again! Full speech below...
President Obama announced last week that he was imposing yet another round of sanctions on Russia, this time targeting financial, arms, and energy sectors. The European Union, as it has done each time, quickly followed suit. Even when the goals are clear, sanctions have a lousy track record. Sanctions are acts of war. These sanctions will most definitely have a negative effect on the US economy as well as the Russian economy. Why is “winning” Ukraine so important to Washington? Why are they risking a major war with Russia to deny people in Ukraine the right to self-determination? Let’s just leave Ukraine alone!
It's not been a good day for the CIA. First, the State Department slams them for brutally treating terror suspects after the 9/11 attacks, noting that "no American is proud" of CIA tactics. And now, as The NY Times reports, an internal investigation has found that its officers improperly penetrated a computer network used by the Senate Intelligence Committee in preparing the report on the CIA's detention and interrogation program. Of course, this is not the first time the CIA has hacked Senate networks but do not fear American citizenry, CIA Director has apologized for his staff "acting inappropriately" and is setting up an internal accountability board to review the matter. It appears Ron Paul was right.
“But long term...and economic law says, if you keep printing a lot of paper money, the value of the dollar and currency will go down, and things and most prices will go up and indeed gold always goes up against that currency” - Ron Paul
Revelations of US secret torture sites overseas and a new Senate investigation revealing widespread horrific CIA torture practices should finally lead to the abolishment of this agency. Far from keeping us safer, CIA covert actions across the globe have led to destruction of countries and societies and unprecedented resentment toward the United States. For our own safety, end the CIA!
It had to happen! The blame game on that horrendous airline incident has reached the expected loud monotone of pointing fault, lock, stock and barrel at Russia... and, more specifically, to that villain ex-KGB Slav, Vladimir Putin. The US media barrage of grotesque and obscene propaganda against America’s former foe and competitor has found a leader of this warring marching band in Barack Obama. If the UN is incapable to change or influence the hegemonic geopolitical behavior of the United States... where else can the world look to find resolution to conflicts such as we have in Gaza and Ukraine today? Enter the BRICS group of nations...
Just days after the tragic crash of a Malaysian Airlines flight over eastern Ukraine, Western politicians and media joined together to gain the maximum propaganda value from the disaster. It had to be Russia; it had to be Putin, they said. President Obama held a press conference to claim – even before an investigation – that it was pro-Russian rebels in the region who were responsible. His ambassador to the UN, Samantha Power, did the same at the UN Security Council – just one day after the crash! While western media outlets rush to repeat government propaganda on the event, there are a few things they will not report.