by Michael Snyder
The Economic Collapse Blog
Why has Barack Obama airdropped 50 tons of ammunition into areas that “moderate rebels” in Syria supposedly control? This is essentially the equivalent of poking the Russians directly in the eyes. Much of this ammunition will end up in the hands of those that the Russians are attempting to bomb into oblivion, and so to Russia it appears that we are attempting to make their job much harder. And of course the truth is that there aren’t really any “moderate rebels” in Syria at all. Nearly all of the groups that are fighting are made up primarily of radical jihadists and/or hired mercenaries. Personally, I don’t see anyone over there that you could call “the good guys”. At the end of the day, the U.S. supports just about anyone that wants to get rid of the Assad regime, and the Russians are working very hard to keep Assad in power. Just like the civil war in Ukraine, the conflict in Syria is in great danger of being transformed into a proxy war between the United States and Russia, and many fear that these conflicts could eventually be setting the stage for World War III.
Continue Reading at TheEconomicCollapseBlog.com…
by John W. Whitehead
The Rutherford Institute
“Fear isn’t so difficult to understand. After all, weren’t we all frightened as children? Nothing has changed since Little Red Riding Hood faced the big bad wolf. What frightens us today is exactly the same sort of thing that frightened us yesterday. It’s just a different wolf.” ? Alfred Hitchcock
In an age dominated with news of school shootings, school lockdowns, police shootings of unarmed citizens (including children), SWAT team raids gone awry (leaving children devastated and damaged), reports of school resource officers tasering and shackling unruly students, and public schools undergoing lockdowns and active drills, I find myself wrestling with the question: how do you prepare a child for life in the American police state?
Every parent lives with a fear of the dangers that prey on young children: the predators who lurk at bus stops and playgrounds, the traffickers who make a living by selling young bodies, the peddlers who push drugs that ensnare and addict, the gangs that deal in violence and bullets, the drunk drivers, the school bullies, the madmen with guns, the diseases that can end a life before it’s truly begun, the cynicism of a modern age that can tarnish innocence, and the greed of a corporate age that makes its living by trading on young consumers.
Continue Reading at Rutherford.org…
by Pam Martens and Russ Martens
Wall Street on Parade
To fully get your mind around Hillary Clinton’s new, toothless plan to “Prevent the Next Crash” on Wall Street, you need to know a few things right up front. Hillary hails not from the Democratic Party that genuinely cares about America’s staggering wealth and income inequality and the plight of the little guy, but from a grotesquely disfigured hybrid organization informally known as the “Wall Street Democrats.”
In that hybrid organization, money trumps morals, duty to country and the public interest. It is a shrine to crony capitalism, infused with lawyers who believe “it’s legal if you can get away with it.” Just as Wall Street’s watchdogs suffer from regulatory capture, the Wall Street Democrats are afflicted with “cognitive capture,” a polite way of saying public officials covet the wealth they hang around with on Wall Street and expect equal earning power when they pass through the gold-plated revolving door.
Continue Reading at WallStreetOnParade.com…
by Simon Black
When I was a kid growing up in the early 80s, the United States was the undisputed dominant superpower in the world.
The US dollar was awe-inspiring; on a trade-weighted basis, the dollar index was at an all-time high, and had never been as strong ever before… or since.
And the dollar’s strength was backed by something real. The US economy was strong. Debt was low. Interest rates were actually greater than zero.
I remember watching Ronald Regan on TV when he told Mikhail Gorbachev, and the entire world to ‘tear down this wall’ from West Berlin.
Continue Reading at SovereignMan.com…
An economist renowned for his work on poverty and happiness was awarded the Nobel Prize
by Quentin Fottrell
Americans live in one of the richest countries in the world. So why are so many unhappy?
The Princeton University economist Angus Deaton on Monday won the Nobel Prize in economic sciences. The Royal Swedish Academy of Sciences in Stockholm awarded the prize to the joint U.S. and British citizen for his work on consumption, poverty and welfare. Announcing his win, the Royal Swedish Academy commended Deaton on how people spend their money on different goods, how much of society’s income is spent and saved, and how we can best measure welfare and poverty. “To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices,” it said. “More than anyone else, Angus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics.”
Continue Reading at MarketWatch.com…
by Andrew Hoffman
Hallelujah! It’s Monday morning, and for just the fourth time in the past 121 weekends, (paper) Precious Metals were not attacked with a “Sunday Night Sentiment” raid. And for just the 74th time in the past 602 trading days, a “2:15 AM” attack either! Yes, I know it’s Columbus Day – and thus, the Cartel likely had its alarm on snooze – at least until the 8:20 AM EST COMEX open, when they suddenly “awoke” with a prototypical “Cartel Herald” algorithm – whilst silver’s own Cartel Herald occurred at exactly the current $16.00/oz “line in the sand,” which just happens to coincide with its 200 DMA of $15.96/oz, which it hasn’t traded above in 4½ months. However, it cannot be denied that Precious Metals are clearly trending upwards, despite the most relentless, blatant suppression tactics in memory – at least, the 13½ years I’ve been watching them trade, tick for tick.
Continue Reading at MilesFranklin.com…
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
To some, TPP stands for Trans Pacific Partnership (an alleged free trade agreement). To me it’s synonymous with toilet paper, with a dangling P at the end that stands for politics.
I will get around to “dead rats” in a bit. First let’s discuss how Hillary Clinton fits into the picture.
45 times Secretary Clinton Pushed TPP, She Doesn’t Now
CNN reports 45 times Secretary Clinton pushed the trade bill she now opposes.
The Slate reports Hillary Clinton Comes Out Against TPP, at Least Until the Democratic Convention.
Continue Reading at GlobalEconomicAnalysis.Blogspot.com…
by Turd Ferguson
TF Metals Report
Price rallies, Banks add shorts. Price falls, Banks cover shorts. This is how the game has been played for years and it continues to this day.
We’re once again discussing the CFTC-generated “Bank Participation Report”. So, as usual, we begin with this disclaimer:
- The CFTC’s Bank Participation Report is issued monthly from a survey taken at the Comex close on the first Tuesday of every month. The report summarizes the combined positions of the four largest U.S. banks (primarily JPM, MorganStanley, Citi, Goldman but occasionally others) and the twenty largest non-U.S. banks (Scotia, HSBC, DeutscheBank, UBS, Barclays and others).
- These reports might be half-truths and/or complete falsifications, designed to mislead you and get you leaning the wrong way. Just last year, JPMorgan was fined by the CFTC for “repeatedly submitting inaccurate reports relating to the required reporting of positions”. See here: http://www.cftc.gov/PressRoom/PressReleases/pr6968-14
Continue Reading at TFMetalsReport.com…
from Zero Hedge
As we noted over the weekend, the US has now thrown in the towel on the ill-fated (and that’s putting it lightly) strategy of training Syrian fighters and sending them into battle only to be captured and killed by other Syrian fighters who the US also trained.
The Pentagon’s effort to recruit 5,400 properly “vetted” anti-ISIS rebels by the end of the year ended in tears when the entire world laughed until it cried after word got out that only “four or five” of these fighters were actually still around. The rest are apparently either captured, killed, lost in the desert, or fighting for someone else.
This has cost the US taxpayer somewhere in the neighborhood of $40 million over the last six months.
Continue Reading at ZeroHedge.com…