by Mike ‘Mish’ Shedlock
by Mike ‘Mish’ Shedlock
by Mike ‘Mish’ Shedlock
by Dr. Jeffrey Lewis
“It reminds me of that old joke- you know, a guy walks into a psychiatrist’s office and says, hey doc, my brother’s crazy! He thinks he’s a chicken. Then the doc says, why don’t you turn him in? Then the guy says, I would but I need the eggs. I guess that’s how I feel about relationships. They’re totally crazy, irrational, and absurd, but we keep going through it because we need the eggs.” – Woody Allen
While there is no question of government enabling, (by decree or inaction), market manipulations haven’t really changed all that much in character over the centuries.
The players have morphed into giants. So large that they obscure general perception by virtue of nearly complete diffusion.
Even those of us who see it, document it, and rise up against it, are all too often left with only one clear solution:
by Martin Armstrong
QUESTION: Marty, the Republican platform supports the return of Glass-Steagall. Is Trump for that? Thanks for all you do. PL
ANSWER: Yes. If there was anyone who would actually do that, it would be Trump. However, keep in mind the act would still have to get through Congress and the bankers would buy every vote to block it. It is true that the Republican National Convention delegates approved a platform that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” This is why you find so many hedge fund guys donating to Hillary as well as the big NY banks. They will not donate to Trump and that clearly shows who protects whom.
by Daily Bell Staff
Britain backs renewal of Trident nuclear programme … Trident programme involves four new vessels at an estimated cost of $54bn over the next 20 years. British prime minister affirms she would order nuclear strike … Despite opposition from the pro-independence Scottish National Party (SNP) and some in the opposition Labour Party, parliament approved the Scottish-based nuclear-armed Trident submarines by 472 to 117 votes. – Al Jazeera
Why is Britain going to pay nearly $55 billion to “renew its ageing nuclear weapons system?”
It consists of four submarines with Trident missiles.
Why does it cost so much?
What are they doing?
by Robert Gore
Who has the most to gain from low and negative interest rates? Obviously debtors. The world’s biggest debtors are governments, with the US government number one. Debt today is like a listing ship. The objective of governments is to get themselves to the part of the ship that’s highest out of the water—the bridge—and cram everyone else below decks, submerged. The ship will sink, but governments and their cronies will let the other passengers drown before they breathe their last.
The real purpose—the only one that matters—of governments and central banks’ machinations since the financial crisis has been to finance governments. The world stood on the edge of the debt contraction abyss. Debt had reached an unsustainable level. Economies could no longer bear the load of interest payments and principle repayment.
by Rick Ackerman
After a promising selloff on Thursday, stocks ended the week in an upswing that seems likely to continue.
Permabears who might have expected a fourth straight quarter of declining corporate earnings to have a negative impact on the stock market should have learned by now that the relentless ascent of shares is unrelated to the economy.
What does matter is the ‘will-she-or-won’t-she’ game played by the Fed. The game is ‘on’ again, as you may have surmised from last week’s murmurings, and it is bound to pump adrenaline into shares when Wall Street’s best and brightest realize for the umpteenth time that no real tightening is coming.
Candidate admits countries like France could be affected
by Marisa Schultz
Donald Trump said Sunday that his proposal to suspend immigration from countries “compromised by terrorism” is actually an expansion of his plan to ban foreign Muslims from entering the U.S.
The GOP nominee didn’t mention the Muslim ban during his acceptance speech at the Republican National Convention speech on Thursday, instead saying that immigration from countries undermined by terrorism.
Asked if the change in phrasing meant he’d stepped back from the plan, Trump told NBC’s “Meet the Press” it was just the opposite.
“I actually don’t think it’s a rollback,” Trump said in the interview that aired Sunday. “In fact, you could say it’s an expansion.
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