WHAT A THURSDAY. LET’S
SEE WHAT HAPPEN THIS WEEKEND
Ag 21 Ec Pol Sit
NOTE: that comes in brackets are my comments.
- FTW: Europe Stocks Rise as Data Signals Need for Stimulus (BBG)
- More de-escalation: Dozens die in Ukraine in street battles, Donetsk shelling (Reuters)
- Calm largely holds in Missouri after grand jury opens shooting investigation (Reuters)
- Attorney General Eric Holder Vows Thorough Probe of Ferguson Shooting (WSJ)
- World’s Biggest Wealth Fund Slows Emerging Market Investment (BBG)
- Market Chilly to Argentine Debt Proposal (WSJ)
- Israeli air strike kills three Hamas commanders in Gaza (Reuters)
- Retooled Hamas Bloodies Israel With Help From Hezbollah (BBG)
- Investors Pour Into Vanguard, Eschewing Stock Pickers (WSJ)
- Fed Debates Early Rate Increases (WSJ)
-----------
The
Crazy-Making Fed By Charles
Hugh-Smith of OfTwoMinds blog.
Submitted by Tyler Durden on 08/21/2014 - 08:26 The Federal Reserve's communications and
policies are a form of crazy-making double bind. No wonder the economy and
everyone participating in it are beset by various manifestations of mental and
physical illness. On the one hand, the Fed insists the economy is expanding
and all is well. If this is true, then the Fed should allow interest rates
to normalize, i.e. be unleashed from the Fed's financial prison and allowed to
rise to whatever the market of borrowers and lenders sets as fair in the
current climate. But the Fed also insists that it cannot allow rates to
rise. The ultimate Fed crazy-making double-bind is this: you can't live
without us, your financial Overlords who keep you safe from recession and the
volatility of creative destruction, but you can't be free or prosperous with us
in control. Thus we can anticipate Crazy-Maker in Chief Janet Yellen will
lace her speech at the Jackon Hole confab with enough contradictory
contexts and explanations to maintain the nation's sad schizophrenic malaise. http://www.zerohedge.com/news/2014-08-21/crazy-making-fed
-------
Gold & Bond Yields Slide As Stocks
Continue Hawkish Surge Submitted by Tyler Durden on 08/21/2014 - 08:59 The Fed minutes were hawkish - even Goldman
Sachs and Jon Hilsenrath admitted it - so the exuberance in stocks (and VIX
pressure) must
reflect a desparate hope that Janet Yellen will indeed go full dovish
tomorrow (or fear the consequences as we noted here). Record highs in stocks, however,
are not being followed through by the USD (down today), Treasury yields
(long-end down from FOMC minutes), gold (down), or HY credit.
--------
DOJ Announces Record $16.7 Billion Mortgage
Settlement With Bank Of America: Live Feed Submitted
by Tyler
Durden on 08/21/2014 -
09:09 It was in June of 2011 when we reported that Bank Of America agreed to pay $8.5 billion to settle mortgage
(mis)representation suit, where we said the bank was "about to part with
more money than it has earned since 2008 in what will soon be the biggest
financial settlement in the industry." Fast forward 3 years later when
Bank of America once again makes history with its latest, and literally greatest,
mortgage settlement with the US government, putting all of its MBS
transgressions in the past, and which will cost the bank some $16.65 billion
(of which, however, some $7 billion will be "consumer relief" and the
remainder likely tax-deductible), a new record, and allow the bank to continue
adding back "one-time, non-recurring" litigation charges to its
adjusted, non-GAAP bottom line, thus once again "beating
expectations".
---------
Fed-Driven Complacency Sparks Record Streak
Of VIX-Selling Inflows Submitted by Tyler Durden on 08/21/2014 - 09:35 The Fed's stranglehold on uncertainty has
continued. However,
as Bloomberg reports, as VIX has tumbled in the last few weeks, investors
are wagering on further declines - in the five weeks through Aug. 15, they
put almost $320 million into the VelocityShares Daily Inverse VIX Short Term
ETN (XIV): the longest stretch of weekly investments since the note began
trading in 2010.
-------
US Manufacturing PMI Surges To Over 4-Year
High, Biggest Beat On Record Submitted by Tyler Durden on 08/21/2014 - 09:53 Production levels surged, employment rose at
the fastest pace since March 2013, and new orders picked up once again. This
was the biggest beat on record - well above even the
highest economist's estimate. Mission
Accomplished ??...
------
Stocks Hit All Time Highs After Russia
Announces It Has "No Plans Of Military Incursion Into Ukraine" Submitted by Tyler Durden on 08/21/2014 - 10:30 Two weeks ago, a 100 point ramp in the
S&P started when Russian RIA Novosti tweeted Russia was seeking to "de-escalate the
conflict" in Ukraine, quoting the Russian Security Council Chief. Moments
ago RIA went for a double when it tweeted a rather amusing statement from the
Defense Ministry, namely that Russia has no plans of invading Ukraine. [[Is there a secret deal between Russian & American
oligarchies? If so, war mongers in each side were the ones who profit on
intentional financial instability. Is that is legal, then McCain can continue ]]
--------
Ebay PayPal Spin-Off - Who Knew What When?
Submitted by Tyler Durden on 08/21/2014 - 10:50 Presented with little comment... aside to
suggest the SEC put the porn down and take a look...*EBAY MAY SPIN OFF
PAYPAL AS SOON AS NEXT YEAR: THE INFORMATION [[will
they adjust tax paid?]]
---------
Council On Foreign Relations: The Ukraine
Crisis Is the West’s – Not Putin’s – Fault Posted by : George
Washington Post date: 08/21/2014 - 12:56 Mainstream, Hawkish Group Blames the West for
the Mess In Ukraine
----------
Obamacare Is A Disaster For Businesses,
Philly Fed Finds Submitted by Tyler Durden on 08/21/2014 - 11:55 Remember all those allegations that Obamacare
would be an unmitigated disaster for businesses, especially smaller companies?
Well, now we have proof. [[Neocons only wants to socialize their bankruptcies and
unsuccessful speculation frauds ... Are
they Americans? ]]
--------
The Schizophrenic US Housing Market In One
Chart Submitted by Tyler Durden on 08/21/2014 - 12:05 For those who are looking for just one chart
with which to summarize the US housing market, here it is. [[Schizophrenic Market? If we add the doses of
paranoia we may have here a bunch of serial killers]]
-------
The Italian Job: How Borrowing And Printing
Lead To An Economic Dead End Submitted by Tyler Durden on 08/21/2014 - 12:33 Given that this is 'officially' the
worst-recovery-ever, one wonders why does the abysmally failed and dangerous monetary
experimentation continue unabated —
as Yellen will undoubtedly confirm at Jackson Hole? Self-evidently, it is irresistibly
convenient to both Wall Street and Washington. It is therefore perhaps useful to consider a more advanced case of
this Keynesian debauch from elsewhere in the world. Consider Italy.
--------
Sorry, Angelo Mozilo Can't Be Sued: He Is
Sick Submitted by Tyler Durden on 08/21/2014 - 12:55 Mozilo was the one
who creates inside Bank of America the
worst Easter egg M&A transaction in history. [[They are sick? Is this the reason why big bankers are too
big to fail? Then, the Cro-Magnon got the solution, they set a trap.. lead the mammoth
toward an abyss and they got food fall all]]
---------
Argentina Peso Collapses At Fastest Pace In
8 Months, Hits Record Low
Submitted by Tyler Durden on 08/21/2014 - 14:12 Since President Kirchner unleashed her 'cramdown'
plan for Argentinian debt,
the Peso has collapsed at the fastest pace since January's devaluation.
The 'official' Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD
- and Argentina's debt yields have surged (prices tumbled) but the black-market
Blue-Dolar price has exploded to an all-time low at 13.8 per USD,
implying massive devaluation is coming. [[Argentina
don’t need to keep artificially devaluated pesos, they can unite with at least
4 other countries in the south –including Ecuador that is not happy with the
dollar- and adopt either a new currency as BRICKS member, or adopt the Yuan or
Rubble if they accepted. Whatever comes, has to be adopted with the consent of
the block BRICS. Where there is a
problem there is always a solution, it is a matter of finding it. They will. I
guess it is time to put an end to IMF,
WB and all these cancerberos of the dollar. Let’s see how they face this
blackmail?]]
---------
Missouri Governor Withdraws National Guard
From Ferguson, Holder Warns Of "Deeper Mistrust" Submitted
by Tyler
Durden on 08/21/2014 -
14:31 Assuming Missouri Governor Jay
Nixon has decided to withdraw The National Guard from the scene of Mike Brown's death, is
unclear whether he realizes the error of his ways in this heavy-handed response
or got a tap on the shoulder from The White House. Either way, we leave it to
none other than AG Eric Holder to conclude - “History simmers beneath
the surface in more communities than just Ferguson,” -in other words, this
is far from over... [[1st if the White House, the Governor and the
Judiciary cannot coordinate themselves, then we do not have a real
Fed-State government. 2nd the best thing to
do was to keep State-people united. Missouri do not need the FED “solutions”.
3rd, The
Governor have several options, among them to call for a referendum to
decide the autonomy of their state (new transitional authorities until
their own elections are called) , and demand the immediate get out of FED
guards and the army. The Supreme Court of Missouri should indict the policemen
who shoot the 2 persons and paid reparation to the families who lost their
life. 4th The most important thing is to
implement an emergency economic plan to rebuild Missouri and face the inequality
issue in the State, in coordination with all social sectors. Economists should
be called to assist this people in the rebuilding of Missouri]].
---------
Rick Perry "ISIS Could Be In US, Need
To Be Eliminated Now" Submitted by Tyler Durden on 08/21/2014 - 15:21. Amid his corruption indictments, Texas Governor Rick Perry is making more
headlines today. During a CNN interview, Perry exclaimed "it's
possible ISIS may have crossed into The United States from Mexico."
Speaking earlier at The Heritage Foundation, Perry blasted, "they need to be
eliminated, and they need to be eliminated now." [[What
an idiot!! I guess this type of
war mongers explain the mess we create worldwide. Suggesting that ISIS may have crossed into The United
States from Mexico adds more
fuel to the current fire. Mexicans and other Latinos in America are fed up with
the crimes in the border. Does this idiot wants their uprising? His call to eliminate the terrorist now have double meaning.
First, we are the ones who
terrorize the world with our wars abroad and with our drones. Besides, we are
the one who provided guns to the ISIS in Syria, in Libya and in Iraq, so the
ISIS is our creation. Check news from PressTV & Washington blog below Second,
to say that stupidity in the current context implies a hidden accusation of
terrorism on the people of Missouri who are now standing for their
rights]].
--------
Stocks Overvalued Anywhere Between 7% And
113% (But Cheap Compared To Dot Com Bubble) Submitted
by Tyler
Durden on 08/21/2014-
15:50
FOMC and various Fed speakers have reassured the investing public that
stocks are "cheap" and it's credit and bonds that are rich and
bubbly. However, as the following simple table from Bloomberg Briefs shows, concerns
over "frothy" valuations is warranted - especially in light of P/Es above previous
bubble peak levels. [[financial
speculation and frauds created the current mess in our economy]]
-----------
Chuck Hagel Goes Full Fearmonger: "ISIS
Poses Greater Threat Than 9/11, Prepare For Everything" Submitted by Tyler Durden on 08/21/2014 - 16:47 US Secretary of Defense Chuck Hagel talks
about the "imminent threat" ISIS poses to the US and the
World.. .and pulls no punches in his total fearmongery...ISIL poses a threat greater than 9/11. ISIL is as sophisticated and well funded as any group
we have seen. They're beyond just a terrorist group. They marry ideology with a
sophisticated strategic and tactical military prowess and they're tremendously
well-funded. This is way beyond anything we have seen. We must prepare for
everything. Get Ready!" Time for some QE-funded deficit-busting war spending... [[Do
you know that the US funded & armed ISIS?]]
--------
Congress
Proposes Law Banning Body Armor In The Land Of The Free Submitted by Tyler Durden on 08/21/2014 - 18:01 Communist China. Nazi Germany. Cambodia.
Guatemala. Uganda. The list goes on and on. Pacification of the citizens is
almost always a prerequisite to totalitarianism. There have been a lot of
attempts to disarm, or at least partially disarm, people in the US throughout
history as well. Each time there’s a major shooting somewhere, the chant to ban
firearms grows louder. But the latest proposal is especially telling.
H.R. 5344 is a bill currently going through Congress that would ban the
purchase of body armor.
--------
The
Midterm Election: Prospects For A Republican Senate Majority Submitted
by Tyler Durden on 08/21/2014 - 22:44 In
the four months since we last wrote about the upcoming midterm election,
the outlook has changed only incrementally. As Goldman notes, although there
were a few surprising retirements and primary election results over the last
few months, none of these seem to have significantly affected the overall
prospects for control of the House or Senate. However, as the election draws
near, the potential effects of a Republican Senate majority seem likely to
become more of a focus for market participants.
-------
Trouble
In Socialist Paradise: Maduro Rating Plummets As Shoppers Prepare To Be
Fingerprinted Submitted by Tyler
Durden on 08/21/2014 - 22:20 [[dream on!! The fact: Maduro is more reliable than
Obama]] “ the news that Maduro has
announced a mandatory grocery fingerprinting system to combat food shortages,
will not exactly endear him to his 'followers'.[[that is your will.. no Ven]]
--------
Pakistan
Opposition Leader Slams US: "You Like Only Those Governments In Muslim
Countries That Are Your Slaves" Submitted by Tyler
Durden on 08/21/2014 - 21:50 It is
no secret that of all geopolitical crises in the past 5 years, the US has been
the instrumental puppet-master in virtually all of them: from Libya, to Egypt,
to Syria, to Ukraine ("US
Revealed As Alleged Mastermind Behind Ukraine Unrest"), even the ISIS
insurrection in Iraq whose success would have been impossible without prior US
weaponizing of al-Qaeda splinter groups in neighboring Syria. And now it
appears the US has found yet another country for its "intelligence
services" to alienate. According
to go the WSJ, the leader of protests against Pakistan's Prime Minister
Nawaz Sharif lashed out at the U.S. Thursday, accusing Washington of
interfering in the country's political crisis. "You like only those governments in Muslim countries that are your slaves,"
Mr. Khan said in remarks directed at the U.S. "Is there another democracy
for you, and another for us?"
------
HERE
NEWS KEPT HIDEN & THE ONES THAT JUST PASS THE CENSORSHIP
30
FACTS THAT PROVE THE AMERICAN MIDDLE-CLASS IS BEING DESTROYED Submitted
by Tyler Durden on 08/21/2014 - 21:26 The 30 statistics that you are about to
read prove beyond a shadow of a doubt that the middle class in America is being
systematically destroyed. Once upon a time, the United States had the
largest and most prosperous middle class in the history of the world, but now
that is changing at a staggering pace. Yes, the stock market has soared
to unprecedented heights this year and there are a few isolated areas of the
country that are doing rather well for the moment. But overall, the
long-term trends that are eviscerating the middle class just continue to
accelerate.
THE
STUNNING CHARTS SHOWING JUST HOW MUCH RICHER THE RICH HAVE GOTTEN WHILE THE
POOR DROWN IN DEBT Submitted by Tyler
Durden on 08/21/2014 - 19:59 Nowhere
is the "financialization" of the US economy more evident than in this
chart showing the relative net worth ratio of quntile to the next quintile
right below it. Quote Census: "The distribution of net worth became more
spread out between 2000 and 2011. The ratio of median net worth of the
highest quintile to the second quintile increased from 39.8 to 86.8 between
2000 and 2011, and the ratio of the highest quintile to the third quintile
increased from 7.7 to 9.2. The ratio of the highest quintile to the fourth
quintile was 3.0 in 2000 and showed no statistically significant change over
this period."
THE ILLUSION
OF STRENGTH Submitted by Tyler
Durden on 08/21/2014 - 19:18
The current
occupation of the markets is both "unbelievable in power and
grandeur." There is simply no denying the current bull market trend as
"silent crowds remain stupefied by its immensity, its endlessness and its
splendid perfection." The thought for the day is simply this: "Like
the many proud soldiers that occupied Brussels then, two or three years from
now, how many investors will be alive to 'tell the tale' of the occupation of
the bull market today?" It is within "resigned
complacency" that the risks to portfolios are easily dismissed with the
conviction of strength and control. Yet, it is also within this illusion that
the greatest defeats in history have been delivered.
----------
"Bullishness"
Surges To 2014 Highs Submitted by Tyler
Durden on 08/21/2014 - 18:52 Despite
the constant hum of talking heads explaining how investors are "hating
this rally" just ready to pile their last penny into stocks any minute (as
soon as rates rise and destroy bondholders), AII sees bullishness at 2014 highs... it appears retail is very much all-in and praying for
Yellen's blessing tomorrow...
--------
IF
QE IS ENDING BECAUSE IT WAS SO SUCCESSFUL, THEN HERE ARE A FEW SIMPLE QUESTIONs Submitted by Tyler
Durden on 08/21/2014 - 18:25 If
QE is ending because it was so successful, then why is aggressive forward
guidance necessary? If QE worked so well, then why will Yellen likely need to
mention ‘the elevated number of part time workers’, ‘under-utilization of labor
resources’ or ‘room for improvement in the labor market’? In regard to its
inflation mandate, there is no evidence that QE has had any impact other than
causing asset price inflation.
--------
After
Russia Shutters McDonalds, The West Wonders Who's Next? Submitted by Tyler
Durden on 08/21/2014 - 17:09 Following
Russia's closure on several McDonalds in Moscow, the CEO of the American
Chamber of Commerce is worried: "The question on my mind is: Is this
going to be a knock on the door, or is this going to be the beginning of a
campaign?" As Reuters reports, businessmen from both West and East are
increasingly frustrated with the tit-for-tat sanctions (and their apparent lack
of efficacy at anything but slowing global growth). As we noted previously,
Europe has suffered most, and the following European companies remain the most
exposed to escalation. [[Don’t blame Russia, blame the
FED & EU for the stupid sanction in a world interconnected]]
--------
MORE RECENT NEWS TO GET SENSE OF THE CONTEXT WE ARE IN
WHY
WASHINGTON’S WAR ON TERROR FAILED By Patrick Cockburn http://www.informationclearinghouse.info/article39476.htm
--------
The
ICC Should Live Up To Its Mandate
By César Chelala the ICC has
avoided opening an investigation into alleged war crimes in Gaza. http://www.informationclearinghouse.info/article39475.htm
--------
Eastern
Ukraine People’s Republics Between Militias and Oligarchs By Boris Kagarlitsky
Over several weeks the entire leadership of the Donetsk and Lugansk republics has effectively been replaced. http://www.informationclearinghouse.info/article39477.htm
Over several weeks the entire leadership of the Donetsk and Lugansk republics has effectively been replaced. http://www.informationclearinghouse.info/article39477.htm
--------
American
Terror Lives On By Margaret
Kimberley Can America ever overcome its
terrible history of conquest, genocide and enslavement? Those horrors are
deeply embedded in the American psyche and legal system, and allow for repeated
aggressions at home and abroad. http://www.informationclearinghouse.info/article39479.htm
--------
TURNING
AMERICA INTO A WAR ZONE, WHERE ‘WE THE PEOPLE’ ARE THE ENEMY By John W. Whitehead Life in the
American police state is an endless series of don’ts delivered at the end of a
loaded gun. http://www.informationclearinghouse.info/article39472.htm
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St.
Louis Police Release Video Of Kajieme Powell Killing That Appears At Odds With
Their Story: Video - Newly released cell phone footage undermines the
statement, showing Powell approaching the cops, but not coming as close as was
reported, with his hands at his side. The officers began shooting within 15
seconds of their arrival, hitting Powell with a barrage of bullets.
-------
US
Journalist James Foley Beheaded RAW
Video The victim was made to read a
statement blaming the US for his own murder. http://www.informationclearinghouse.info/article39462.htm
--------
Staged
Provocations Ahead Possible US-Syrian War By Tony Cartalucci Another dead American reporter could
perhaps tip the scales in terms of public support for a possible US military
intervention in Syria. http://www.informationclearinghouse.info/article39467.htm
-----------
Energy
Ballet: Iran, Russia and 'Pipelineistan' By Pepe Escobar Washington plays The Great Pretender,
faking it full-time that Israel is not a nuclear-armed power while trying to
convince the whole planet Israel is entitled to amass as many weapons as it
wants. http://www.informationclearinghouse.info/article39463.htm
-------
FERGUSON
UNMASKS THE WAR ON BLACK AMERICA
By Glen Ford The Black
people of Ferguson have compelled the police to flaunt their military nature
and mission before the eyes of the world. http://www.informationclearinghouse.info/article39468.htm
--------
THE CRAZY
MONEY INCENTIVE WHICH LED TO FERGUSON Posted
on August 22, 2014 by WashingtonsBlog You Won’t
BELIEVE Why Police Harass So Many African-Americans In Ferguson We recently
noted that the terrible handling of the economic crisis was one of the
underlying causes of the conflict in Ferguson, Missouri. We pointed out in
2010 that African-Americans
have fared much worse than whites since the 2008 economic crisis: 34.5% of young African American men were
unemployed in October 2009.
---------
THE
INSANE TERRORIST GROUP WE ARMED AND SUPPORTED NOW GREATER THREAT TO U.S. than
9/11 Posted on August 21, 2014 by WashingtonsBlog The Guys We Armed Are Now Threatening to
Blow Us Up U.S. and its allies were the ones who armed and supported
the crazies who are now threatening us. For example, we noted in May, before Al Qaeda had
re-branded as ISIS: The U.S. “switched sides”
to arm and support Al Qaeda in Libya, so they would topple Gaddaffi. This
misguided effort actually created a terrorist safe
haven in Libya. The same thing happened in Syria. The
Syrian rebels are mainly
Al Qaeda, and the U.S. has been supporting these terrorists for years.
Indeed, as reported in the Wall Street Journal, the National and other sources, Al
Qaeda’s power within the Syrian rebel forces is only growing stronger.
---------
THE CRAZY-MAKING FED Posted on August 21, 2014 by Charles Hugh Smith Systems theorist/anthropologist Gregory
Bateson developed (with others) the concept of double bind, a psychological and
social conflict in which contradictory demands generate a form of
schizophrenia: Unlike the usual no-win
situation, the subject has difficulty in defining the exact nature of the paradoxical
situation in which he or she is caught. The contradiction may be unexpressed in
its immediate context and therefore invisible to external observers, only
becoming evident when a prior communication is considered. Typically, a demand
is imposed upon the subject by someone who they respect (such as a parent,
teacher or doctor) but the demand itself is inherently impossible to fulfill
because some broader context forbids it. For example, this situation arises
when a person in a position of authority imposes two contradictory conditions but
there exists an unspoken rule that one must never question authority. The Federal Reserve’s communications and policies are a form
of crazy-making double bind. No wonder the economy and everyone participating
in it are beset by various manifestations of mental and physical illness.
---------
BIG
BANKS “BOUGHT” CONGRESS … SO CREDIT DERIVATIVES ARE BIGGER THAN EVER Posted on August 21, 2014 by WashingtonsBlog The Causes of the 2008 Crisis Have Never Been
Addressed. We’ve noted for years that Washington never reined in the risky
derivatives which helped cause the 2008 crash … and so the big banks hold more
derivatives than ever. We’ve also noted that the financial services
industry has bought and sold Congress. Indeed,
Washington never fixed the causes of the 2008 financial crisis.
------
Sutton’s Theory of Elite
Action Posted on August 21, 2014 by WashingtonsBlog Background Antony
Sutton was a research Fellow of the Hoover Institution at Stanford as well as
a professor of economics. His career would have been unexceptional, were it not
for two particular quirks: he chose to research the elite, and he was honest. Beginning
with his analysis of Western involvement in the creation and support of the
Soviet Union, he minced no words in accusing the most powerful families,
bankers, and corporations of assisting Communism, Nazism, Socialism, and their
own power over that of America’s self-interest. In some ways, he is a “founding
father” of the modern anti-statist movement. Ideology:
oligarchy families and organizations do not act based upon a left or
right-wing ideology, then how could it be anything beyond self-interest? Yet
Sutton had an answer to this:
“Left” and “right” are artificial devices to bring about change, and
the extremes of political left and political right are vital elements in a
process of controlled change. The answer to this seeming political puzzle lies
in Hegelian logic. Remember that both Marx and Hitler, the extremes of “left”
and “right” presented as textbook enemies, evolved out of the same
philosophical system: Hegelianism.
The dialectical process did not originate with Marx as Marxists claim,
but with Fichte and Hegel in late 18th and early 19th century Germany… This
conflict of opposites is essential to bring about change. Today this process
can be identified in the literature of the Trilateral Commission where “change”
is promoted and “conflict management” is termed the means to bring about this
change.
A
Model separate contrary, and then forced into
conflict. (create
enemies where there is not one): There is no way to “transcend” the Western
model without creating a nation that is the antithesis of the Western model.
For representation its enemy must substitute dictatorship; for freedom the
enemy must enslave; for a theistic system of rights the enemy must have an
atheist principle of amoral action. This was the USSR. And it too needed to be
opposed in other ways, which necessitated Nazism. The conflict between these
two would create a form of purer collectivism and Statism. After this, the
Western liberal democracy must confront the collectivist system, and the victor
in that conflict subsume the elements of the loser into itself. One could
perhaps convincingly argue that China is a manifestation of the synthesis.
ISIS
case: Those in power
fomented conflict, created the conditions to strengthen jihadists, funded and
armed these same people, and then departed for greener pastures. There are only
two explanations here that make sense: either our leadership is so
mind-numbingly incompetent that they need someone to dress them every morning,
or they want this conflict.
----------
FORMER
MAFIA BOSS WHO DID A LOT OF BUSINESS WITH WALL STREET: Buy Physical Gold and
Silver, Because Wall Street Steals Your Money Posted on August 21, 2014 by WashingtonsBlog Crime Boss:
Wall Street Has No Ethics The Colombo crime family’s former boss – Michael
Franzese – says even he doesn’t trust Wall Street.Franzese – played by
Joseph Bono in the 1990 Martin Scorsese movie
“GoodFellas” –
spent 10 years in prison after he was convicted on federal racketeering
charges.
Other crooks – like Bernie Madoff – have
confirmed that the big banks are crooked. Wall Street learned some of its cons
from the Mafia. And some Mafioso conquered Wall Street. Wall
Street is committing massive crimes on a systematic
basis. And Wall Street banks are the biggest looters around. Wall Street cons
include charging “storage fees” to store gold bullion … without even
buying or storing any gold, raiding allocated gold accounts and
pledging the same gold to
numerous people.
---------
“NAZI
SAFARIS IN UKRAINE: Militiaman Fighting Against Government Forces Speaks Out –
‘Some Are Willing to Pay to Hunt Insurgents’” Posted on August 20, 2014 by Eric Zuesse. via: http://www.globalresearch.ca/nazi-safaris-in-ukraine-militiaman-fighting-against-government-forces-speaks-out-some-are-willing-to-pay-to-hunt-insurgents/5396524 “Nazi Safaris in Ukraine: Militiaman
Fighting Against Government Forces Speaks Out – ‘Some Are Willing to Pay to
Hunt Insurgents’” Highlights from an
interview with an insurgent in southeastern Ukraine. http://www.washingtonsblog.com/2014/08/nazi-safaris-ukraine-militiaman-fighting-government-forces-speaks-willing-pay-hunt-insurgents.html
--------
Our ‘Enemies’ in Ukraine
Speak Posted on August 20, 2014 by Eric Zuesse. co-posted along with
with RINF Alternative News http://www.washingtonsblog.com/2014/08/enemies-ukraine-speak.html
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US: 12,000
FOREIGN MILITANTS IN SYRIA Americans among 12,000 foreign militants in Syria, says US Friday Aug 22, 2014 http://www.presstv.com/detail/2014/08/22/376160/at-least-12000-foreign-fighters-in-syria/
"We think that there are approximately
12,000 fighters from at least 50 countries in Syria - foreign fighters,
including a small number of Americans - that may have travelled to Syria since
the beginning of the conflict" more than three years ago, said deputy
State Department spokeswoman Marie Harf on Thursday.
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KKK RAISING MONEY FOR FERGUSON COP A Missouri chapter of the Ku Klux Klan has
raised more than $150,000 for the white police officer who shot and killed
unarmed black teenager Michael Brown in Ferguson, Missouri. A GoFundMe page
set up to support Darren Wilson has raised that amount since it was created on
August 17. The Wilson page's mission statement says: "We stand behind
Officer Darren Wilson and his family during this trying time in their lives.
All proceeds will be sent directly to Darren Wilson and his family for any
financial needs they may have including legal fees." “All money will go to the cop who did his job against the
Negro criminal,” said New Empire Knights of the KKK. http://www.presstv.com/detail/2014/08/22/376164/kkk-raising-money-for-ferguson-cop/
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