Because it beats a Saturday night lobotomy.... Right? Also, Bachmann is gone.
Presenting An Iran Attack Probability Timetable And A Complete Geopolitical Outlook For The Middle EastSubmitted by Tyler Durden on 01/07/2012 15:41 -0500
The folks at Religare Capital Markets have put together one of the better cheat sheets on a region that most of the big banks largely ignore: the Middle East, where day after day we get new and more troubling headlines of escalation, usually involving Iran and Israel. And since at the end of the day, in a resource-strapped world, the bottom line is always about energy, and oil, what happens in the MENA region is arguably far more important at the end of the day than who prints how much electronic paper/linen. But most important is probably the following analysis charting the probability of an attack of Iran by either Israel or the US. We were quite surprised to find that in Religare's opinion the probability of an Israeli-sourced attack on Iran hits a high of 50% sometime in early February, with the US contributing about 20% with a peak in May and just before the presidential elections. This is how they explain it: "The probability of an attack on Iran is now higher than ever. The only solution to the current crisis, diplomacy, is off the table due to politics and the focus is now shifting to regime change. We see the probability dropping mid-year, although US elections could increase the probability of a US attack significantly (unless Ron Paul steams ahead), as will Iran’s likely decision to move their centrifuges to reinforced facilities in Qom if not handled correctly (likely mid-year). We reiterate our view that the fallout may not be as bad as expected from an Israeli strike, horrendous from a US one." And if they are right, what happens to oil will likely be the biggest catalyst of events in 2012 - a topic PIMCO has already had some extended observations on.
"I hold a deeply held view of Ron Paul as an honorable, genuine and trustworthy American statesman. In fact, I cannot really think of anyone else in the tepid cesspool of American politics today whom I could even remotely categorize as a statesman as opposed to a run of the mill politician (or ideologue as Mr. Lucas puts it). Mr. Lucas moves on to explain that to an ideologue it is current ideas that matter, while to a statesman it is certain principles that matter. He states that an ideologue’s view of the world and its inhabitants is political, while to a statesman it is historical. These simple sentences are what I believe inherently separate Ron Paul at his very core from everyone else currently running for president. This is merely what separates the man’s character from the others. This is reason enough to consider him, but not reason enough to vote for him. His ideas about liberty, war and economics also separate him from the pack and it is his strongly held principles on these subjects that in my view make him the only one capable and with enough conviction to help heal this country’s wounds, get us back on the right and moral path and foster real change as opposed to a campaign slogan."
The buck stops here and the votes begin: starting at 7 pm CST, more than 100,000 voters - only a small percentage of the state's electorate - are expected to gather across the state at more than 800 public spots, and cast their votes for their GOP candidate with only three: Paul, Romney and for some unknown reason, Santorum expected to have a fighting changes. Results should begin coming in within a few hours. For those following the caucus for the only important reason: to see how Ron Paul does, or is allowed to do, we have the following live feeds for our readers' disposal.
Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From PowerSubmitted by George Washington on 01/03/2012 14:21 -0500
The Inmates Are Running the Asylum
The Status Quo's Ministry of Propaganda has a single political task for 2012: eliminate the sole threat to the Status Quo (Ron Paul) from the running, leaving voters with a "choice" of clueless stooges for the Power Elite. That roster includes President Obama and the daytime-TV/soap-opera field of Republicrat contenders. The Ministry of Propaganda has settled on a ludicrous strategy to eliminate Ron Paul: declare Paul "unelectable." As with all propaganda, the basic idea is that if it is repeated often enough on officially sanctioned stages, it will eventually be accepted as "true." Our Christmas-New Year's week of family visits took us to homes where the television is on all the time, and as a result I was exposed to the Ministry of Propaganda's preferred media, TV "news." Regardless of the channel or program, the message was the same: "The presidential race will between Obama and either Romney or Gingrich." Despite the polls that find Paul and Romney with equal levels of support in Iowa, Romney has been declared the front-runner and Paul written off as "unelectable." In other words, the voters don't even need to check in; the Ministry of Propaganda's army of toadies, lackeys and media apparatchiks have their marching orders: repeat that Ron Paul is unelectable at every opportunity, either explicitly or implicitly via leaving him off the list of "frontrunners."
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."
“It is no coincidence that the century of total war coincided with the century of central banking.”
If you haven’t looked at The New York Times recently, you missed something BIG.
When we learned on Saturday that the Des Moines Register, owned by Gannett - whose Chairman just happens to be a Private Equity firm head, and worked at Citigroup for most of her career, has endorsed Mitt Romney for president we said that this development "while likely set to provide a very short-term boost to Romney's chances, it is the baseless ongoing accusations against Ron Paul that will likely solidify the groundswell behind the Texan, with such desperate platitudes as "Ron Paul's libertarian ideology would lead to economic chaos and isolationism, neither of which this nation can afford." As it turns out, according to the latest Public Policy Polling data we can skip the kneejerk reaction and go straight to the after effect, because as of the latest polling, Ron Paul has finally taken the lead in Iowa. Granted this is just one of many polling organizations, and potentially it may be biased, but the bottom line is that often time reality (objective and subjective) is self-reinforcing. And when the US public realizes that the only candidate who deserves to be in the White House has a running chance, they will flock to him. Suddenly backing Ron Paul may just become the next cool thing. As for the Gingrich "honeymoon", it was over well before the nth divorce (pardon the pun). At this point we can only hope that the electoral game of reverse American Idol where the poll head is voted off in a week or so stops with Paul. However, with Perry, Bachmann, Romney and Gingrich already having been voted off, the only possible dark horse now remains Huntsman - does he have a running chance against Paul?
Newspaper Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President; Ron Paul On Jay LenoSubmitted by Tyler Durden on 12/18/2011 00:43 -0500
A few hours ago the Des Moines Register threw its support behind the Bain Capital founder, and the man now known to have actively destroyed any trace of his public "service" before his 2007 Massachusettes office handover (with a pending response to a Reuters FOIA, which will disclose just what it was that Romney was so tenuously shredding). Because according to the Iowan newspaper, Mitt Romney "is the best to lead" America, although into what, is not quite clear - perhaps the biggest Fed funded LBO (with a Bain Capital $1 mezz piece) of all time, that of America? We don't know. And neither does the Register's editorial board. What they do know are hollow adjectives, such as "sobriety", "wisdom" and "judgment" which somehow are applicable to Romney, if not so much "betting" and "shredding." Those looking for a late night laugh can read the OpEd below (link to tomorrow's front page here). And ironically, while likely set to provide a very short-term boost to Romney's chances, it is the baseless ongoing accusations against Ron Paul that will likely solidify the groundswell behind the Texan, with such desperate platitudes as "Ron Paul's libertarian ideology would lead to economic chaos and isolationism, neither of which this nation can afford." Because what America certainly needs is more of that old ideology of doing everything just the same and hoping for the best, because if there is anything Romney's would be predecessors have taught us is that hope apparently is a credible strategy. But perhaps most relevant is the reminder that the Des Moines Register is a Gannett company whose Chairman just happens to be one Marjorie Magner, whose bio reads: 'Ms. Magner, 61, is Managing Partner of Brysam Global Partners, a private equity firm investing in financial services firms with a focus on consumer opportunities in emerging markets founded in January 2007. She was Chairman and CEO of Citigroup's Global Consumer Group from 2003 to 2005. She served in various roles at Citigroup, and a predecessor company, CitiFinancial (previously Commercial Credit), since 1987. Ms. Magner currently serves as a director of Accenture Ltd. and Ally Financial Inc. and served as a director of The Charles Schwab Corporation from February 2006 to May 2008. Ms. Magner has broad business experience and financial expertise from the various senior management roles she held with Citigroup."
Every legacy media and central planner's worst nightmare is slowly coming true: as the broader field of GOP candidates is rapidly dropping like US secret drones blowing up nuclear power plants in Iran, due to general idiocy, incompetence, too much baggage-ness or general reverse American Idol syndrome where Americans get tired with any given "leader" only to vote them out of the primary the following week, the one clear winner is becoming Ron Paul, who according to Public Policy Polling has seen his support soar in the past week and is now neck and neck with presidential candidate du week, Newt Gingrich. From the PPP: "There has been some major movement in the Republican Presidential race in Iowa over the last week, with what was a 9 point lead for Newt Gingrich now all the way down to a single point. Gingrich is at 22% to 21% for Paul with Mitt Romney at 16%, Michele Bachmann at 11%, Rick Perry at 9%, Rick Santorum at 8%, Jon Huntsman at 5%, and Gary Johnson at 1%."
Ron Paul: “The PATRIOT Act Was Written Many, Many Years Before 9/11 [And The Attacks Simply Provided] An Opportunity ...Submitted by George Washington on 12/09/2011 18:16 -0500
Yup ... Virtually everything happening now was planned before 9/11 ...
No circuit breaker was triggered as yet another unborn political career was dumped on the trash heap of history. And this even without a Muddy Water Strong Sell report, or Whitney Tilson going activist Cain nomination odds.
Rather than calming markets, these arrangements should indicate just how frightened governments around the world are about the European financial crisis. Central banks are grasping at straws, hoping that flooding the world with money created out of thin air will somehow resolve a crisis caused by uncontrolled government spending and irresponsible debt issuance. Congress should not permit this type of open-ended commitment on the part of the Fed, a commitment which could easily run into the trillions of dollars. These dollar swaps are purely inflationary and will harm American consumers as much as any form of quantitative easing.