MAY 5 SIT EC y POL
ZERO HEDGE
CFR
Says China Must Be Defeated And TPP Is Essential To That. CFR
Says China Must Be Defeated And TPP Is Essential To That. Submitted
by Tyler Durden on 05/05/2015. Wall Street's
Council on Foreign Relations has issued a major report, alleging that China
must be defeated because it threatens to become a bigger power in the world
than the U.S. This report urges: "The United States should invest in
defense capabilities and capacity specifically to defeat China’s emerging
anti-access capabilities and permit successful U.S. power projection even
against concerted opposition from Beijing. … Congress should remove
sequestration caps and substantially increase the U.S. defense budget.” In
other words: the Government should spiral upward the U.S. debt even more
vertically (which is good for Wall Street), and, in order to enable the
increased ‘defense’ expenditures, only ‘defense’ expenditures should be freed
from spending-caps.
----
US
Economic Confidence Crashes Most Since July To Lowest Since December. Submitted
by Tyler Durden on 05/05/2015. Despite record-er
stock prices, weather excuses for current economic weakness, and The Fed
promising that growth is here and everything will be awesome, it appears the
message has not reached the US Consumer. Gallup's
U.S. Economic Confidence Index plunged 9 points last week (the largest
week-to-week drop since last July) to its lowest weekly score since December.
The main driver was a collapse of hope as 'outlook' fell to November lows.
----
96%
Of Americans Expect More Civil Unrest In U.S. Cities This Summer. Submitted
by Tyler Durden on 05/05/2015. Are you ready for
rioting, looting and mindless violence in major U.S. cities all summer long?
According to a brand
new Wall Street Journal/NBC News poll, 96 percent of all Americans
believe that there will be more civil unrest in America this summer. That
leaves only 4 percent of people that believe that everything will be just fine.
In this day and age, it is virtually impossible to get 96 percent of
Americans to agree on anything. So the fact that just about
everyone agrees that we are going to see more civil unrest should really tell
you something.
----
Israeli
Soldiers Describe How They "Shot Innocent Civilians Because They Were Bored".
Submitted by Tyler Durden on 05/05/2015. On July
12 of 2014 as part of Operation Protective Edge, Israel launched a ground
assault into Gaza which promptly led to a mini-war in the Strip that left more
than 2,100 Palestinians dead and reduced vast areas to rubble: a
"war" which many speculated was nothing but a massacre by highly
skilled, trained, and ethically drained Israeli soldiers who used civilians for
target practice. Yesterday we got confirmation of just that. In a 242-page
report, soldiers recount how they fire artillery at random houses to avenge
fallen comrades, shoot at innocent civilians because they were bored and
watch armed drones attack a pair of women. That and much more.
----
"We
Will Evolve Through Crisis, Not Proactive Change...". by Raul Ilargi Meijer via The Automatic
Earth blog. Submitted by Tyler
Durden on 05/05/2015 "I am not very optimistic about the
fate of mankind as while our problems tend to evolve in exponential ways, our
attempts at solving them move in linear fashion. That is true as much for the problems we
ourselves create as it is for those that – seem to – ‘simply happen’. I think
it would be very beneficial for us if we were to admit to our limits when it
comes to solving large scale issues, because that might change the behavior we
exhibit when creating these issues. The human capacity for denial and deceit
plays a formidable role in this. We’re simply not smart enough to
acknowledge our own limitations. Therefore, as Meadows says: "we are going
to evolve through crisis, not through proactive change."
Ilargi: I
came upon this quote a few weeks ago in an interview that Der Spiegel had with
Dennis Meadows, co-author of the Limits to Growth report published by the Club
of Rome 40 years ago. And here it is in its context:
‘Limits to Growth’ Author Dennis Meadows ‘Humanity Is Still
on the Way to Destroying Itself’ However:
we can create problems ourselves too. And not just that. We can create problems
that we can’t solve. Point in case: we’re not solving any of our current
problems, and what’s more: as societies, we’re not even seriously trying, we’re
merely paying lip service.
There is a more or less general
recognition that we face three global problems/crises. Finance, energy and
climate change. Climate change should really be seen as part of the
larger overall pollution problem.
The energy crisis flows seamlessly into the
climate/pollution crisis. If properly defined, that is. But it hardly ever
is. Our answer to our energy problems is to first of all find more and after
that maybe mitigate the worst by finding a source that’s less polluting.
We can only solve our climate/pollution problem if we use
a whole lot less energy resources. Not just individually, but as a world
population. Since that population is growing, those of us that use most energy
will need to shrink our consumption more every passing day.
Our third big global problem is finance slash money slash
economy. It not only has the shortest timeframe, it also invokes the
highest level of denial and delusion, and the combination may not be entirely
coincidental. The only thing our “leaders” do is try and keep the baby going at
our expense, and we let them. We’ve created a zombie and all we’re trying to do
is keep it walking so everyone including ourselves will believe it’s still
alive. That way the zombie can eat us from within.
Our debt levels, in the US, Europe and Japan, just
about all of them and from whatever angle you look, are higher than they’ve
been at any point in human history, and all we’ve done now for five years plus
running is trust a band of bankers and shady officials to fix it all for us,
just because we’re scared stiff and we think we’re too stupid to know what’s
going on anyway.
We are incapable of solving our home made problems and
crises for a whole series of reasons. We’re not just bad at it, we can’t do it
at all. We’re incapable of solving the big problems, the global ones. As
individuals we need to drastically reduce our dependence on the runaway big
systems, banking, the grid, transport etc., that we ourselves built like so
many sorcerers apprentices, because as societies we can’t fix the runaway
problems with those systems, and they are certain to drag us down with them if
we let them.
----
----
Government
Using Subprime Mortgages To Pump Housing Recovery - Taxpayers Will Pay Again. Submitted by Tyler
Durden on 05/05/2015. To paraphrase H.L. Mencken, anyone who wants the
government and Federal Reserve to create a housing recovery, deserves to get it
good and hard, like a four by four to the side of their head. Subprime
mortgages, subprime auto loans, and subprime student loans driven by
preposterously low interest rates are the liquefying foundation of this fake
economic recovery. Most rational people would agree that loaning money to
people who will eventually default is not a good idea. But it is the
underpinning of everything the Fed and government apparatchiks have done to
keep this farce going a little while longer. It will not end well – Again.
----
Following
"Terrorist-Fighting" Ban On Cash, France Passes "Le Patriot
Act". Submitted by Tyler
Durden on 05/05/2015. In its efforts to 'protect' its citizens from
terrorists, France
deemed it necessary
in March to "fight against the use of cash and anonymity in the
French economy," and drastically reduced the
public's freedom and privacy to spend. Today, that freedom and privacy took
another blow as the French government passed "Le Patriot Act"
dramatically beefing up the government's spying powers.
[["Le Patriot Act" is a
polluted food -in policy terms- that we in America don’t eat anymore. The
intention of the P-Act was not to defeat “terrorism” but to cover up our
terrorism abroad. We create the inside job known as 9/11 attack in alliance
with Saudis & Israel to go over the oil in the middle east. That plan has failed
from the start, and now the demo-neocon
Obama try to finished such work but is late. The private Co and the whole web
depend on fake money (QEs) that we create from the thin air. That policy
undermined our economy and our position in the liberal market. Now not even
crook investor who profit from such policy like it anymore. Check Tepper
Topples From Top 10 Highest-Earning Hedgies. Because of the neoliberal model is about to collapse. The
days of the dollar are counted, the recession is already on and the crash is at
portas in the west. We can’t control any more
he mess we created with the Patriot Act and its product the ISIS. The
evidence of this debacle is clear in Iraq, Afghanistan and now in Libya, Syria
& Yemen. Nothing good but chaos, genocide and huge destructions of human
infrastructure came from the Patriot Act. The only beneficiary of such policy
was huge banker mafia and big Corp involved in manufacturing WMD (weapons of
mass destruction). That is why we said that Patriot Act is a polluted food that
we cannot eat it anymore. It is sad to know that France act as “loophole” to contaminate Europe with such
polluted food. France is acting like Hong Kong policy-makers: Hong
Kong 'Loophole' May Have Flooded China With Radioactive Japanese Foods
. The same is happening with France and
the Patriot Act ]]
----
----
Quantitative
Easing Is A Squalid Little Lie That Appeals To Economists With No Grasp Of
History. Submitted by Tyler
Durden on 05/05/2015 There is one
thing riskier than investing in a free market: investing in a rigged market
when you think the central bank has your back. At some point, the free
market returns with a vengeance, like a coiled spring made out of pure risk.
That time may be coming soon. When you devalue money and distort the
supposed risk-free rate, you devalue every aspect of the capital structure, and
of society itself.
----
Collaboration,
Adaptation & Risk: Innovate Or Die. Submitted by Tyler Durden on 05/05/2015. The great irony
of free-market capitalism is that the only way to establish an enduring
security is to embrace innovation and adaptation, the very processes
that generate short-term insecurity. Attempting to guarantee security leads to
risk being distributed to others, or concentrated within the system itself.
When the accumulated risk manifests, the system collapses.
----
Shale
Stock Shambles. Submitted by Tyler
Durden on 05/05/2015. Despite the exuberant surge in crude oil prices (as
Yemen-Saudi tensions rise), Energy stocks are tumbling off the opening squeeze.
In a delayed reaction, Shale stocks are now all in shambles as Einhorn's
presentation seems to be sinking in...
----
Sanctions
& Saber Rattling Doesn't Stop The US From Importing Russian Petroleum. Submitted by Tyler
Durden on 05/05/2015. Americans might be quite surprised to know that even
with all the U.S. Government sanctions and threats of war with Russia,
America still imports a significant amount of petroleum from the former
communist country. How much petroleum does the United States import from
Russia? Actually, a lot more when we focus on net imports...
----
Tepper
Topples From Top 10 Highest-Earning Hedgies. Submitted by Tyler Durden on 05/05/2015. For the first time
in 4 years, Appaloosa Management's David Tepper is not the highest-earning
hedge fund manager in the world. Plunging from No.1 to tied-for-11th (with a
mere $400 million earned last year) Tepper appears to have suddenly found
investing difficult now that The Fed has stopped printing money (up just
2.2%). What is more ironic, perhaps, is that the other alleged beneficiary of
Fed largesse (and recent hirer or blogger Ben Bernanke) - Citadel tops the
list with Ken Griffin making $1.3 billion last year.
----
What Happens If You Defy Curfew: A Shocking 90-Second Clip From The Streets Of Baltimore. by Mike Krieger via Liberty Blitzkrieg blog. Submitted by Tyler Durden on 05/05/2015. On Saturday night, a man whose name still seems to be unknown, but who was wearing a “F##k the Police” t-shirt, came out in front of police past the official curfew. This is what happened next... OPEN:
Baltimore, Maryland is in many ways the perfect microcosm
for these United States of America. If you still don’t get that,
you’ll be in for a rude awakening in the years ahead.
A gradual erosion of the Constitution and the civil
rights of the citizenry, the abuse of power by people in authority, perverse
financial incentives that lead to horrible outcomes, zero accountability, and a
ubiquitous surveillance state apparatus; Baltimore has it all. Yet all of these
troubling traits have also come to characterize early 21st century America.
The sad part is
we aren’t even trying to change the incentive structure of status quo
criminality. This is because the current generation of power players were trained
and molded by the same types before them. This is all they know. Money and
power are their gods. Crime is their religion. We have no choice but to stop
them. http://www.zerohedge.com/news/2015-05-05/what-happens-if-you-defy-curfew-shocking-90-second-clip-streets-baltimore
----
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Greek
Deal In Limbo After "Serious Disagreement" Between EU, IMF. Submitted by Tyler
Durden on 05/05/2015. On the heels of Monday's news that the IMF may demand
a write-off of Greek debt by European creditors before the organization will
disburse its portion of a €7.2 billion aid tranche to Athens, it now appears the
situation has deteriorated further with unnamed Greek officials reporting
"serious disagreements" between the IMF and the EU which may make a
compromise "impossible" by the critical May 12 deadline.
----
Gold
Withdrawals From NY Fed Vault Refuse To Stop: 200 Tons Of Gold Repatriated In
Past Year. Submitted by Tyler
Durden on 05/05/2015. [ Incredible love to piracy .. I mean to the Pirates of
Pittsburgh ] We can officially confirm that the gold redemptions
from the world's (allegedly) largest gold vault have continued, and another 10
tons of gold was put on a ship (or plane) in March in an unknown direction.
Since Germany and the Netherlands started repatriating a portion of their gold
held in Manhattan, some 217 tons of gold has been redeemed starting in February
2014 and just under 200 tons in the past 12 months.
[[ Sera cierto eso de
que “quien roba a ladrón tiene mil años de perdón” . It is said in the holly s…
Lo bueno de la biblia es que contiene una sarta de recetas que hasta los
ladrones pueden usar. Por eso es mi preferido libro de cuentitos cortos. Quizá
sea la razón por la que los judinis se copiaron en su Torra el 90% del viejo
Testi y los Mulis 40 capitulos del viejo credo en su Korra, corra,
especialmente lo referido a reyes que vivieron 180 anos. Ahora los panzones de
Saud no pueden vivir ni 40 in good
health. Yo prefiero el nuevo Testi, es
full en testosterona e imaginación. Me gustan los cuentitos referidos a
milagros y la virginidad de Maria, -no Madgalena- me refiero a la mama del Rey
de los judinis; la dama que dejo la ventana abierta para que se clave una
paloma y le haga el milagro. Pero el cuentito que más me gusto es el de Lázaro,
un muerto que ya estaba podrido en su tumba y al que el Rey le dijo “levántate”
, y lazaro despertó, se sacudió los
gusanos y empezó a caminar. Ese cuentito fue espectacular en aquel tiempo, mil
años atrás, ahora la ciencia moderna
puede hacer esos y más milagros. Los rusos acaban de cambiarle la cabeza a un
ser humano –fueron más allá de la ciencia americana que solo pudo reencaucharle
la cara a un senador- y por supuesto que ahora se puede trasplantar todos los
órganos humanos, incluido los pedos olor a war-mongerism que si fue un logro del
experimento USA. Pero yo NO hablo de lo que ocurrió mucho tiempo atrás. No,
hablo de la ciencia moderna que incluso puede hacer milagros devastadores como
desaparecer zonas enteras del mundo en cuestión de minutos. En esto si nosotros -los americanos- estamos a la vanguardia; ya hicimos el
experimento en Hiroshima y Nagazaki. Como a nadie le importo, queremos hacer el mismo “milagro” hoy, solo
que los Rusos prometen dar respuesta en
cuestión de segundos.
Los dogmas del pasado y los nuevos caminan ahora juntos. Solo que para
lograr los avances de la ciencia hay que tener dinero. Por esto me gusta la
Bibli , es gratis y hasta viene en papel de arroz que permite armar un pitillo
–no levanta humo negro- cuando uno se sienta a rezar para evitar el
estreñimiento. Por esto prefiero el nuevo Testi. Es la mejor fuente de
inspiración y al alcance de todo bolsillo . G.Garcia Marquez lo uso y ganó un
premio nobel de literatura, en cambio el novelista OB solo gano un in-noble
premio a la paz ]]
----
----
Sell
It All - Stocks, Bonds, & The Dollar Are Tumbling. Submitted by Tyler
Durden on 05/05/2015 [ A fuerza de decirlo todos dias, ya me estan convenciendo de
este otro cuento] This morning's collapse in the trade balance
combined with weak export orders in the survey data suggests the decoupling
meme is blowing up. However, it seems investors are losing faith in The Fed
as there is broad-based selling in stocks, bonds, and the dollar (with commodities
bid). Stocks are now in the red post-FOMC.
----
[Sin duda hemos
agregado algo Nuevo al deporte natación –solo para navis- se trata de lanzarse
al mar desde un warship, hacer 20 piruetas mínimo en el aire antes de aterrizar
en el agua. El que hace más volteretas gana la misma cantidad en miles –no en
dollars devaluados y ya sin capacidad de compra en el mercado mundial- en yuans
que ya empezaron a circular a nivel global. Los que creyeron que esto de los
warships era otro simulacro de guerra que enriquece solo a grandes corporaciones del mundo, se equiv
ocaron. Se trata de estimular un nuevo
deporte. No hay que ser negativo, hay
que ser positivos, decimos los USAnos. Hay que creer en lo bueno de este nuevo
deporte. ]
----
Yemen
Rebels Shell Saudi Arabian City, Casualties Reported; Saudis Vow Retaliation.
Submitted by Tyler Durden on 05/05/2015. [Esto era de
esperarse: bombardear a los bombarderos. Lo hicieron los argelinos en Francia
(se dice que llegaron a detonar 100 bombas en centros comerciales de Paris y que
fue eso lo que obligó al régimen a retirar sus tropas de Argelia). Von Clausevits
ya no existió para contar este nuevo Waterloo, pero para esto tenemos el www.zerohedge.com ] . After the
Saudis allegedly halted
their air campaign against Yemen's Houthi rebels on April 21 (allegedly
because it promptly
resumed the very next day to almost no public announcement), the Yemen
civil war and the "skirmishes" by Houthi rebels along the border with
the world's biggest oil exporter were quickly forgotten. Until this morning,
when the Saudi press and social media has been overrun with reports that the
Saudi city of Najran was shelled by Houthi mortars, an attack which Saudi
advisor to the armed forces Ahmed Asiri said "will not pass without a
response". [the Saudis will get more too]
----
ISIS
Warns Of "Harsher And Worse" US Attacks After Claiming Responsibility
For Botched Texas Shooting. Submitted by Tyler
Durden on 05/05/2015. As we first reported on Monday, ISIS has indeed
claimed responsibility for the attack on a security guard in Garland, Texas on
Sunday evening. In a statement, the group warns of further attacks that it
promises will be "worse and more bitter" and may be "just
around the corner." [something smell fishy in this news]
----
Worst
Ever US Trade Deficit Excluding Crude Hints At Upcoming QE4. Submitted
by Tyler Durden on 05/05/2015. Remember that in a beggar
thy neighbor world, where currency warfare has once again broken out
between the US, Europe and Japan, for every winner there is a loser. In
this case, the loser is the one country that has decided that a strong currency
is a great thing for its economy (if only for the time being): that would be
the US. Why is this relevant? Because as the chart below shows, US trade
excluding Petroleum, just crashed to $43.7 billion, the worst print in the
history of the series, suggesting that portrayals of the US as a resurgent
export powerhouse are completely erroneous, and that instead the US is as big a
net importer of goods and services (and soon to be oil) as ever.
----
US
Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative.
Submitted by Tyler Durden on 05/05/2015. After shrinking
notably in Feb, March's US Trade deficit exploded. Against expectations of a
$41.7bn deficit, the US generated a $51.4bn deficit - the worst since Oct
2008 and the biggest miss on record. Exports rose just $1.6bn while imports
soared $17.1bn with the goods deficit with China soaring from $27.3bn to
$37.8bn in March. Ironically, just as the "harsh winter" was found
to lead to a GDP boost due to a surge in utility spending, so the West
Coast port strike which was blamed for the GDP drop, was actually benefiting
the US economy as it lead to a plunge in imports. In March, however, the
pipeline was cleared, and US imports from China soared by over $10 billion to
$38 billion. End result: prepare for upcoming Q1 GDP downgrades into
negative territory.
----
WTI
Crude Tops $60 (5 Month Highs) After Saudi's "Leave It To Allah"
Comments. Submitted by Tyler
Durden on 05/05/2015. WTI Crude
is now up 43% from its mid-March lows (at $42), topping $60 for the first time
since early December. This is a 25% retracement of the June to March drop.
Despite near-record US production (rose last week WoW), record Saudi
production, slowing global economies, and expectations that higher prices will
bring a flood of new supply as cash-starved frackers start pumping again; it
appears the squeeze combined with Middle East tensions is driving the
resurgence (for now). Perhaps everyone should listen to Influential Saudi Oil
Minister, Ali Al-Naimi, who said Tuesday that "no one can set the price
of oil - it's up to Allah." It seems Allah wants higher gas prices.
[A la merda con los
utilitarians del dogma. La fe es una cosa noble, la idiotez es lo inverso y
fue, es y será siempre innoble desde los tiempos de E.Kant: “anything under the
limits of reason”]
----
Submitted by Tyler
Durden on 05/05/2015 - 07:30
- Fed's Yellen says met firm at heart of leak probes (Reuters)
- EU Raises Growth Outlook as ECB Counters Greek Threat (BBG)
- Hillary Clinton Takes Hit in WSJ Poll, but Holds Edge Over GOP Rivals (WSJ)
- China stocks slump on tighter margin rules, IPOs; Hong Kong down (Reuters)
- McDonald’s Chief Promises Turnaround in a Restructuring (NYT)
- German Bond Market Selloff Continues (WSJ)
- Vanguard overtakes Pimco’s Total Return following outflows in wake of Bill Gross’s departure (WSJ)
- EU Demands Concessions as Greece Hurtles Toward Deadlines (BBG)
- Junk Bonds Are The New Haven Assets (BBG)
----
WASHINGTON BLOG
Collaboration,
innovation and risk are all intrinsic to adaptation. Without adaptation, every
system eventually perishes once conditions change.
One feature of capitalism that is rarely discussed is the
premium placed on cooperation and collaboration. The Darwinian aspect of
competition is widely accepted (and rued) as capitalism’s dominant force, but
cooperation and collaboration are just as intrinsic to capitalism as competition.
Darwin’s understanding of natural selection is often
misapplied. In its basic form, natural selection simply means that the
world is constantly changing, and organisms must adapt or they will expire. The
same is true of individuals, enterprises, governments, cultures and economies.
Darwin wrote:“It
is not the strongest of the species that survives, or the most intelligent, but
the ones most adaptable to change.” http://www.washingtonsblog.com/ 5/5/2015
Of related interest:
The Old Models of Work Are Broken
April 23, 2015
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The Changing World of
Work 3: “Full-Stack” Skills April 15, 2015
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The
Changing World of Work 2: Financialization = Insecurity April 14, 2015
---
The
Changing World of Work I: America’s Nine Classes April 13, 2015
---
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A powerful new film on what’s wrong with the U.S. media is
now being screened around the country. It’s called Shadows
of Liberty and you can set up a screening of it as part of an upcoming
international week of actions for whistleblowers called Stand Up For Truth. Or you can buy the DVD or
catch it on Link TV. (Here in Charlottesville I’ll be speaking at the event,
May 19, 7 p.m. at The Bridge.)
----
CFR
Says China Must Be Defeated, & TPP Is Essential to That. Posted on May 5, 2015 by Eric Zuesse. [Opium dreams smoked in bathrooms od the US]
----
PRESSTV
Colombia
to probe sex abuse by US troops.
Wed May 6, 2015 Colombian authorities say they plan to probe alleged child
sex abuse by US soldiers and defense contractors.
[Colombians are in the way of doing what Ecuatorian did: take
them out of the country. Eventually Peru will do the same because of abuses done in
Loreto, Peru]
----
US
rejects ISIL link to Texas attack.
Wed May 6, 2015 The White House says it is "too early" to tell if
the two gunmen killed in Garland, Texas, on Sunday were tied to ISIL. [another official
fishy news]
----
'Qatar
deal serves Paris imperialistic goals'. Wed May 6, 2015 An analyst says France’s recent military deal
with Qatar serves to promote the imperialistic ambitions of France.
----
US wealth distribution is unfair: Poll. Tue May 5, 2015 6The majority of Americans continue to believe wealth distribution in the United States is unfair, a new poll shows.
----
Saudi
war on Yemen fiasco: Nasrallah. Tue May 5, 2015 Secretary general of
Lebanon’s Hezbollah resistance movement says the Saudi aggression against Yemen
has failed.
----
‘UK
voting system unfair’. Tue May 5, 2015 According to a poll conducted by
ORB, 61 percent of British people believe that the voting system should be
changed.
[ UK DEMO =
DEMOCRACIA DE BANQUEROS BRIBONES ]
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‘Saudis
know they can’t reoccupy Yemen’. Tue May 5, 2015 Ali al-Ahmed says
Saudi Arabia realizes that it cannot reoccupy Yemen.
[Pero tienen adeptos,
uno de esos es el bufón Britt Cameron y los difuntos políticos OB y Hollande.
Todos saben que no es el amor al chancho, pero a los chicharrones. Y al contado,
en USD]
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US
neocons waging ‘war of deception’. Tue May 5, 2015 Zionist
neoconservatives have “bought up” the US Congress by paying bribes to lawmakers
in the form of vast political contributions, Dr. Kevin Barrett says. [ AS USUAL ]
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