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Friday, 23 September

03:01

Still Report #1203 - Fox News Polls - Trump Widens Leads Bill Still

Visit our website now: http://www.billstill.com - considered by informed insiders’ as THE ultimate resource for fixing the National Debt problem and surviving Economic or Financial Collapse/Crash and attaining the unvarnished truth about Washington and today’s United States Political Climate. Good evening, I’m still reporting on Fox News Polls - Trump Widens Leads New Fox News polls out tonight shows Donald Trump pulling away from Hillary Clinton in 3 key battleground states, Nevada, North Carolina and Ohio. In Nevada, Trump now has a 3-point lead over Clinton, 43-40 in a 3-way race, with 8 for Johnson and 9% undecided. Green Party candidate Jill Stein is not on the ballot in Nevada. When the race is reduced to a 2-way race, Trump gains a point and leads by a 46 to 42 margin. This is important because as the race nears the end, the supposition is that the third-party candidates will not do as well as their current polling, so the question is who will gain from that. So far, all indications are that Trump benefits. Our first prediction for the Nov. 8 outcome in Nevada? Trump 50%, Clinton 45% and Johnson 5%. If Johnson slides lower than this, Trump will get the vast majority of those abandoning him. In North Carolina, Trump has bounded upwards and now leads Clinton by a 45 to 40 margin. Whites back Trump by a whopping 58-27 margin. Blacks support Clinton by a super whopping 85-3% margin, but blacks make up only 30% of voters. Stein also is not on the North Carolina ballot. Johnson has 6% with 9% undecided. Best guess is that in the end, Trump will pick off 2 from Johnson and Clinton 1 – and that’s generous. Also being generous to Clinton, Trump takes 6 of the undecided 9%. So our first prediction on the final count in North Carolina is Trump 53, Clinton 44, Johnson 3. In Ohio, Trump now leads by an impressive 5 points – 42 to 37 with Johnson getting 6 and Stein 2, with a whopping 13% undecided. The big news is that Clinton is now leading among women by only 3% and declining. Obama won Ohio’s women by 11% in 2012. Considering the coal issue and the jobs issues, I’m giving Trump 8% of the undecided, Clinton 3 and Johnson 2, but then Johnson loses another 2 to don’t waste your vote fears. So, our prediction in the end the final vote for Ohio – not counting voting machine fraud – is Trump 51, Clinton 41, Johnson 6 and Stein 2. A 10-point victory in US presidential politics is officially called a landslide. So, the bottom line in our predictions is: Nevada: Trump by 5 North Carolina: Trump by 9 Ohio: Trump by 10 And one more reminder, this is not counting the unmeasurable Monster vote, which could add as much as an additional 10% to Trump and subtracting the same from Clinton. How about the electoral college map? For the time being we are sticking with 279 Trump and 259 Clinton, but states currently leaning Clinton that are on the endangered species list are Michigan, Maine, Connecticut and Virginia. The next wind that blows from the north will bring to our ears the sound of another state turning red on this map. Finally, I’ve been getting some professional advice on how to improve our financial footing. Surprisingly, it helps us out a lot if you simply be sure to click on the like checkbox and even supply a comment – even if it’s only one word – that helps us. I’m still reporting from Washington. Good day. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.facebook.com/BillStillOfficial https://twitter.com/billstill?lang=en https://www.youtube.com/user/bstill3/videos https://plus.google.com/u/0/109353617116072656672 Consider b...

03:00

Soros Is “Investing” $500 Million In Europe’s Refugees And Migrants: He Explains Why The Event Chronicle

Soros

By Zero Hedge

Confirming once again that he is the silent puppet master behind Europe’s refugee crisis, overnight billionaire investor, and stalwart Hillary Clinton supporter, George Soros said in an opinion piece in the Wall Street Journal that he would invest $500 million to meet the needs of migrants and refugees. 

Soros’ investment comes in response to the Obama administration’s “Call to Action” initiative, asking U.S. companies to help ease the migrant crisis. Soros, founder of the Open Society Foundations, also said he plans to work closely with the Office of the United Nations High Commissioner for Refugees and the International Rescue Committee to guide his investments.

* * *

The announcement will hardly come as a surprise to regular readers.

One month ago, in the aftermath of the DCleaks hack, we reported that “Soros Hack Reveals Plot Behind Europe’s Refugee Crisis.” As a reminder, according to one of the many leaked memos, Europe’s refugee crisis should be accepted as a “new normal,” and that the crisis means “new opportunities” for Soros’ organization to influence immigration policies on a global scale. OSF program officer Anna Crowley and program specialist Katin Rosin co-authored the May 12 memo, titled “Migration Governance and Enforcement Portfolio Review.”

The nine-page review made three key points: OSF has been successful at influencing global immigration policy; Europe’s refugee crisis presents “new opportunities” for the organization to influence global immigration policy; and the refugee crisis is the “new normal.”

As the authors write in the introduction, one of the purposes of the review “consider the effectiveness of the approaches we have used to achieve change at the international level.” A section of the review titled “Our Work” describes how America’s least transparent think tank has worked with “leaders in the field” to “shape migration policymaking and influence regional and global processes affecting the way migration is governed and enforced.

In a section titled, “Our Ambitions,” the authors explain: “Our premise for engaging in work related to governance was that, in addition to mitigating the negative effects of enforcement, we should also be supporting actors in the field proactively seeking to change the policies, rules, and regulations that govern migration.”

They write that “we also believed that advances at the regional or international levels could create impetus for policy change or implementation of existing norms at the national level. We deliberately avoided the term ‘global governance’ because there is no single system at the global level for managing migration.”

The same section later state...

02:58

SR# 1201 Full Speech: Donald Trump Rally in High Point, NC at High Point University Sept. 20, 2016 Bill Still

Visit our website now: http://www.billstill.com - considered by informed insiders’ as THE ultimate resource for fixing the National Debt problem and surviving Economic or Financial Collapse/Crash and attaining the unvarnished truth about Washington and today’s United States Political Climate. Good evening, I’m still reporting on Trump Full Speech: Donald Trump Rally in High Point, NC at High Point University Sept. 20, 2016 Donald Trump spoke to the students of High Point University and we were offered VIP tickets by a high official of the state party. We took her up on the offer and off we went. It was a rather small venue - only held about 3,000 people and unlike other Trump events we've been to, it was 90% students. Very interesting crowd. Zero protesters. Interestingly, Trump's Secret Service detail guarding Trump from a member of the crowd rushing the stage has been doubled. I counted 18 just around the stage, and I saw even more heavily-armed folks, tucked back behind the stage so as not to worry the crowd. Guys with additional 30-round clips stuck in pockets in front of their ballistic vests. Very ready for heavy action kind of guys. Trump was very late - like 40 minutes. He only spoke for 30 minutes, which was merciful because even though we were among the half of the audience with a seat, it was a long 2-1/2 hours wait. I’m still reporting from Washington. Good day. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.facebook.com/BillStillOfficial https://twitter.com/billstill?lang=en https://www.youtube.com/user/bstill3/videos https://plus.google.com/u/0/109353617116072656672 Be sure to "Like" and "Comment". This helps my channel. Consider becoming a cherished sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/ZbL9xuSDask

02:50

Andrew Hoffman – Trifecta of Hell! (Podcast) The Daily Coin

andy hoffmanAndy Hoffman & Kerry Lutz discusses this past week’s events in markets and the economy. Andrew (“Andy”) Hoffman, CFA joined Miles Franklin, one of America’s oldest, largest bullion dealers, in October 2011 and serves as Marketing Director. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service…

02:45

Soros Launches ‘Putin-Trump’ Fake Conspiracy Website The Event Chronicle

Soros Launches ‘Putin-Trump’ Fake Conspiracy Website

Notorious globalist billionaire George Soros has been exposed as the mastermind and bankroller of a website launched Wednesday that promotes New World Order propaganda and attempts to smear Donald Trump and Vladimir Putin.

The Soros website www.putintrump.org features absurd conspiracy theories designed to instil fear in the voting public. This latest attempt by the NWO establishment to mislead Americans features claims that a vote for Trump/Pence this year will lead to a Putin/Trump world in 2017, and that “national security issues are at risk.

Hillary Clinton and her mega-wealthy globalist backers (including George Soros, who has given her millions of dollars and has been exposed issuing orders to her) have become fond of inventing conspiracy theories tying Trump to Russia and its leader, Vladimir Putin.

screen-shot-2016-09-22-at-9-28-48-am

http://www.putintrump.org

This is their latest hack job, designed to deceive, drum up fear, and groom the American public for the idea of war.

According to GotNews, the Soros-funded PR firm Ripple Strategies sent out an internal memo from co-founder Glenn Turner Tuesday evening announcing the propaganda site’s imminent launch. The memo described www.putintrump.org as a site “that rigorously details and analyzes the disturbing, unprecedented ties between Donald Trump and Vladimir Putin.

Far more disturbing for others, however, should be the unprecedented lengths to which the Western globalists and their establishment allies will go to torpedo Trump’s campaign and prop up an ailing Hillary Clinton.

The propaganda website admits it is bankrolled by Progress for America PAC, which according to OpenSecrets.org was founded by Geor...

02:41

Yellen’s Oversight of the Fed Is Not Producing Monetary Policy but Disbelief Max Keiser and Stacy Herbert

The real product of the Fed these days is not monetary policy but disbelief. People can’t believe the amount of speculation, conversation and outright complexity that results in… nothing.

Yellen is basically presiding over the deflation of the Fed’s reputation. Every month more and more credibility leaks away.

And this month was no exception. For weeks leading up to the FOMC meeting on Wednesday, there were grim articles and interviews stating that a “hike” was possible if not probable.

And again nothing happened. I’m not surprised of course.

Since we started TDV, I’ve said that they’d never raise rates again (and have had people laughing at me for more than six years now for that stance.

But once again, I’m right. The Fed made no movements again. The 0.25% in December last year which nearly collapsed the world’s markets doesn’t really count because it was so tiny (and they’ve backed off it ever since).

Trump was also correct in regard to a rate hike. He said the Fed might raise in January, but not until then because a hike – and subsequent market volatility – might jeopardize the election for Killary.

But there are bigger issues involved here than accurate predictions. The larger issue is that the Federal Reserve is bleeding credibility like it has an open wound.

After the decision, Yellen tried to defend it by explaining that since the economy was improving so much she didn’t want to interfere.

What Yellen is good at is threatening rate hikes and not following through. The idea that the largest economy on earth has only tightened a mere 25 basis points over the last decade is beyond astonishing.

And with all of this paralysis, we’ve had the accompaniment of millions – billions – of complications as bureaucrats meet and industry leaders debate what’s coming next.

And nothing ever does. Just more talk. More articles. More interviews about infinitesimal monetary movements.

25 basis points – that’s been the center of discussion for nearly a decade. 25 basis points is hardly a baby step.

But for Yellen, it’s a chasm too far.

All she ever does is explain what she might do – and then she does nothing.

Just one more week, one more month, one more year – and the economy is bound to thunder aloft. But it never does.

She lost her credibility long ago. The US can’t afford a significant rate hike because the government owes too much money.  The US government has doubled its debt in just the last eight years alone, to now well over $19 trillion.

<img class=”alignnone size-medium wp-image-15617 aligncenter” src=”https://dollarvigilante.com/wp-content/uploads/2016/09/Dollar-Vigilante-US-National-Debt-2020-257×300.jpg” alt=”dollar-vigilante-us-national-debt-2020″ width=”257″ height=”300″ />

But that’s something else Yellen will never discuss. They’re scared to hike, even nine years into an alleged recovery. At all costs she intends to keep the tale alive.

The recovery is coming … it’s on its way … it’s almost here.

She’ll keep preaching this mantra as long as she has to. If she actually does raise rates significantly, fedgov obligations will soar while tax revenues collapse. The debt itself expands rapidly, leading inevitably to default.  And if you thought a country like Argentina defaulting could cause shockwaves across the world… you ain’t seen nothing yet if/when the US defaults.

And then Yellen has to explain the government’s default, which is a good deal more difficult than explaining month after month why she’s going to yank on rates NEXT month.

And gradually credibility trickles away. I stopped believing in central banking long ago. But many people are only waking up now. Every time Yellen fumbles in front of the podium for another month, more people start to question what the hell...

02:34

Indoctrination: 35 Years of the US Department of Education Mises Blog

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Indoctrination: 35 Years of the US Department of Education

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Since 1980, during the Carter Administration, America’s K-12 education system has come under increasing control by the dictates of the federal Department of Education (DOE) with failing results, taxing states and filtering the money through Washington to return a portion of it back to the states. In 2002, the Bush Administration approved the No Child Left Behind (NCLB) Act creating punishing amounts of federal paperwork and bureaucracy for local schools, requiring a $1B grant in special funding to help state and local education systems comply. In 2015 Congress enacted new legislation, Every Student Succeeds Act (ESSA), to allegedly overcome the NCLB federal intervention. The Heritage Foundation’s Lindsey Burke says, “ESSA does not accomplish these critical policy priorities” to reduce the interference and excessive hours of standardized testing time. The 2016 DOE budget is $70.7B excluding a Presidential request for an additional $75B mandatory funding over ten years for Pre-K education.

What is America getting for federally-funded interference in education? The US spends over 23.2% of per capita income on its students each year, 9% more than Singapore while over 26 other countries that spend less outscore US students. Charles Murray says that even after substantial resources were dedicated to assist minorities over a 10 year period, SAT scores have indeed dropped for Amerindians ( -28%), Latinos (-26%), Blacks (-14%) and Whites (-6%) while substantially increasing for Asians (+54).

Of 64 countries in the International Student Assessment, the U.S. ranks 35th in math and 27th in science. Singapore spends almost half of what the U.S. spends in primary...

02:30

Antarctica to Shed ‘Really Cool and Really Scary’ Bali-Sized Iceberg The Daily Coin

earth fire Public-DomainAn ice floe with a surface area comparable to that of the Greek island of Crete or the Indonesian island of Bali is about to break off from Antarctica. The crack is the Antarctic shelf ice has grown considerably in the last few months. In a worst-case scenario, the sea level may rise by up…

02:30

Jim Stone: CGI Hillary The Event Chronicle

cgi-hillary

I am sticking with my take on Hillary, PERIOD.

By Jim Stone

THEY KNOW THEY LIED

Trolls and a few liars in the fake alt media are saying Hillary’s glitches are due to “compression” or “overlays” that are “just part of digital video”.  THIS IS A LIE

A live digital broadcast is nothing more than a sequence of complete single layer pictures that are stitched together as individual frames which are then played in sequence to produce video. AND EITHER SOMETHING IS IN A FRAME, OR IT DOES NOT EXIST AT ALL. No compression routine or digital artifacting can change that. No layering exists to cause glitches such as disappearing objects. Anyone who is saying Hillary disappeared in a live broadcast because the LIVE broadcast was layered, or that compression took her out, is a liar pure and simple.

When Hillary (and her podium) vanished, THE ENTIRE BROADCAST FRAME WAS PERFECTLY INTACT, WHICH IS PROVEN BY THE FACT THAT THE FLAG THAT WAS SUPPOSED TO BE BEHIND HER SHOWED UP WHEN SHE VANISHED. If it was any kind of a compression glitch no flag would have shown up where Hillary was before because the data for a flag in that spot would not be there. The fact the flag showed up when Hillary vanished irrefutably proves Hillary was never there, and rather than a live broadcast it was all faked with pre taped scenes that were overlaid beforehand with layers and then presented as live, and during the production of the hoax, someone missed the fact that Hillary was missing for a couple frames.

These two frames [below] here prove Hillary was never there. In addition to the “compression” ruse, the trolls have a secondary explanation that Hillary vanished due to a transmission glitch. This is another lie, because if that was the case, the entire frame would have glitched, and NO GLITCH could have put the flag in behind a missing Hillary because that data simply would not be there. The fact the flag showed up right through Hillary proves beyond all doubt that this is a LAYERED IMAGE, NOT A LIVE BROADCAST HAVING PROBLEMS, BECAUSE IF YOU START WITH A SINGLE LAYER FRAMES ANYTHING LIVE IS COMPOSED OF, NEW LAYERS SIMPLY CAN’T HATCH FROM OUT OF NOWHERE. 

transparenthillary

If it is layered as the trolls are saying to explain it away, that can only happen in a studio that produces special effects by stacking different scenes on top of one another and a couple of the merges did not go right. Any video done this way proves Hillary was never there. And there is proof this is how Hillary was faked in North Carolina all through her “appearance” because the video is full of other anoma...

02:29

How The “Birther” Story Was Birthed By Clinton Aide, Sidney Blumenthal—Chapter And Verse David Stockman's Contra Corner

By Neil Munro AP A left-wing blogger says one of Hillary Clinton’s top aides urged him in 2008 to write articles suggesting that then-Senator Barack Obama “was not a natural born citizen.” Larry Johnson, operator of the NoQuarter blog, described his cooperation with the aide, Sidney Blumenthal in September 2015. I know firsthand, and can testify under…

02:15

Hillary Unexpectedly Postpones Local Fundraiser “Without Reason” The Event Chronicle

http://cdn0.dailydot.com/cache/c8/b8/c8b8346d8a07736edf24f4c9af1db477.jpg

By Zero Hedge

If there was a time Hillary needed to make a public appearance in the key battleground state of North Carolina to drum up voter support, it was today, if for no other reason than a just released Elon University poll finding Trump now has a modest 44% advantage among likely voters in the Tar Heel State, with 43% going to Clinton.

According to the poll, most voters felt Trump would be better for rich people, white people and men, while most believe Clinton would be better for poor people, women and minorities.  “This election is so tight right now, that small swings of a few points should be expected between now and November,” said Jason Husser, assistant professor of political science at Elon and director of the Elon University Poll. “North Carolina has been extremely important over the last several election cycles with very tight election outcomes. These numbers suggest that will continue to be the case, and both campaigns would do well to continue to focus on the Old North State.”

nc-polls_0

It’s not just the closeness of the poll that makes NC so critical; it’s also Trump’s recent rebound, which as shown in the following chart from Real Clear Politics has him taking the lead for the first time since late June.

nc-poll_0

Which is why we find it surprising that with Hillary’s desperately needing to make an appearance, overnight CBS reported that Clinton campaign officials said that a Tuesday fundraiser in Chapel Hill was postponed.

The Clinton event was billed as “lunch with Hillary Rodham Clinton” and had four donation levels to attend. Those contribution levels were described as $100,000, which featured “chair reception with Hillary,” $33,000, which included a “host reception with Hillary,” $5,000, which included “preferred seating” and $2,...

02:10

What is the Ultimate Price of the US “Earnest Mistake” in Syria? The Daily Coin

warThe US-Russia ceasefire agreement in Syria seemed near collapse late Saturday, when the US airstrike killed dozens of Syrian soldiers “by mistake”. According to the US Defense officials the strike “appears to be an intelligence failure.” As it’s been noted by the American Conservative, if we are to assume that this was done by mistake, it is a damaging and…

02:07

Get Ready For The Mother Of All Stock Market Corrections Once Central Banks Cease Their Money Printing David Stockman's Contra Corner

By JEREMY WARNER Undue tightening by the US Federal Reserve could set off a perfect storm of recessionary effects Global stock and bond markets have been all over the place of late. Rarely have investors been so lacking in conviction. Confusion as to future direction reigns, and with good reason after the spectacular returns of recent…

02:06

Thursday assorted links Marginal REVOLUTION

1. 16 economists on Brexit (videos).

2. My post on Romneycare, from ten years ago.

3. Does inequality lead to credit growth?  Testing the Rajan hypothesis.

4. Maybe Fitbit doesn’t work?  And the NYT version.

5. I don’t agree with everything in this Zero Hedge post, and some of it is flat out wrong, but it does cast serious doubt on the new, happy median income growth figures: “the Census Bureau’s own report shows that the median nominal earnings of full-time male workers in 2015 grew by 1.6% and for full-time female workers by 2.8%. That hardly squares with 5.7% average aggregate growth of incomes for all workers—unless main street households was suddenly showered with windfalls from stock dividends they don’t own, bank accounts that pay no interest or rental incomes from properties registered in someone else’s name.”

6. The culture that is youth sports.

The post Thursday assorted links appeared first on Marginal REVOLUTION.

02:03

Why The US Consumer Will Cause A Recession in Q1 2017 and Trigger The Next Crisis David Stockman's Contra Corner

By Tyler Durden Submitted by Teddy Valle Via PerValle.com, The market is materially mispricing the strength of the US consumer whose weakness will lead the US economy into a recession in Q117. The divergence is a result of the top 40% of earners who have accrued 84% of all new income and only 34% of new…

01:55

Yellen To Wall St: It’s Christmas In September So Buy, Buy, Buy! David Stockman's Contra Corner

By Mark St.Cyr So, here we are, the first day of Fall and just like the leaves slowly losing their luster before they wither all together and die, so too is the economy as The Federal Reserve – once again – chose inaction for action. All the hawkish implied statements, all the “They’re really, really, really,…

01:53

The Fed’s Decision Was So Bad—–Even Bill Gross Was Speechless David Stockman's Contra Corner

By Michelle Fox After the Federal Reserve decided to leave interest rates unchanged, bond guru Bill Gross told CNBC he was barely able to speak. “I’m choked with emotion and hardly able to speak,” the portfolio manager at Janus Capital Management said in an interview with CNBC’s “Power Lunch.” “After hawkish talk at Jackson Hole from [Fed Chair] Yellen and [Vice Chair]…

01:51

Deep State America—-Fount of Phony Threats And Endless Wars David Stockman's Contra Corner

By PHILIP GIRALDI On September 9th the Washington Post featured a front page article describing how the Defense Department had used warplanes to attack targets and kill suspected militants in six countries over the Labor Day weekend. The article was celebratory, citing Pentagon officials who boasted of the ability to engage “multiple targets” anywhere in the world in what has become…

01:50

VIRAL: Hillary Has Parkinson’s? A US Doctor Reviews the Evidence (Video) The Daily Coin

hillary public domainYT Comment Tanner William Hitler wanted to ban all muslims, worked closely with corporations, was a far far far right conservative, believed in making Germany great again, and relied on demagoguery to sway voters But lets overlook everything that Hitler and the republican party have in common and make up a lie about him having…

01:50

Turning Off the Dividend Spigot Project Syndicate RSS-Feed

As European regulators search for solutions to poor bank performance, they should consider banks’ revenue distribution as part of the problem. If under-capitalized banks had not been paying out dividends in recent years, they would have retained enough equity to reduce today's capital shortfalls significantly.

01:49

The Donald’s Got A Nanny State Plan, Too—-Literally! David Stockman's Contra Corner

By The Detroit News (Photo: Steven M. Falk / TNS) Donald Trump the socialist is making sure voters don’t forget about Bernie Sanders. The Republican presidential nominee borrowed a concept from the former Democratic presidential contender in introducing a proposal to greatly expand the nanny state. Literally. Trump wants to make the federal government the nation’s babysitter,…

01:45

The “Deplorables” ——- Who We Are And What We Want David Stockman's Contra Corner

By Tyler Durden Submitted by Brandon Smith via Alt-Market.com, In numerous articles over the past several years I have made observations on a rule of life that I strictly adhere to: that all social conflicts can be boiled down to the reality of two opposing groups — those people who want to control the lives of others,…

01:40

Why the Coming Wave of Defaults Will Be Devastating oftwominds-Charles Hugh Smith

Without the stimulus of ever-rising credit, the global economy craters in a self-reinforcing cycle of defaults, deleveraging and collapsing debt-based consumption.
In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008 caused by subprime mortgage defaults (a.k.a. deleveraging) very nearly collapsed not just the U.S. financial system but the entire global financial system.
Every credit boom is followed by a credit bust, as uncreditworthy borrowers and highly leveraged speculators inevitably default. Homeowners with 3% down payment mortgages default when one wage earner loses their job, companies that are sliding into bankruptcy default on their bonds, and so on. This is the normal healthy credit cycle.
Bad debt is like dead wood piling up in the forest. Eventually it starts choking off new growth, and Nature's solution is a conflagration--a raging forest fire that turns all the dead wood into ash. The fire of defaults and deleveraging is the only way to open up new areas for future growth.
...

01:30

Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America The Daily Coin

preparedness vw car truckTDC Note – While this is true, there was a story published yesterday that painted a completely different picture than Michael paints below and he even references the article!! The article focused on several people that lived this way by choice. I have been saying for the past several months that as soon as I…

01:15

Why Are There So Many Cancers Now? The Event Chronicle

Why Are There So Many Cancers Now?

By Catherine J. Frompovich

This is an “anthology” of sorts about the etiology of the current cancer epidemic-pandemic. 

C-A-N-C-E-R is the word that strikes horror in the hearts and minds of every human alive.  However, that always was not the case.  I’m old enough to remember when cancer was a rather ‘rare’ disease or condition.  Furthermore, I know medical doctors a little older than my ‘vintage’ who say that when they were in medical school, they were not taught very much about cancer, so much so, that when a cancer patient was in one of the wards in a teaching hospital, the entire class of physicians-in-training was trotted in to see that patient.  How interesting?

Personally, I’m of the belief that there is not very much new under the sun EXCEPT what’s being designed and created by genetic modification and geoengineering.  Cancer, undoubtedly, has been around in some form probably since very ancient times.  However, the current ‘plague of cancers’, even though not an anomaly since just about everyone and his or her brother has or had it, became ‘profitable’ during the latter half of the twentieth century.

There is no doubt that cancer, as an ‘industry’, will become even more problematic—plus profitable—to the point where every person probably will contract cancer in some form or other, almost as if by some ulterior design.  Why do I say that?  Because of how cancer has been made into a “profitable business,” revenue stream and profit center for varied and numerous vested interests, when there actually are cancer cures controlling vested interests suppress or even keep for themselves.  Is that too harsh to hear?  Well, have you recently looked into or checked out the ridiculously-priced costs of cancer treatments and protocols?  Like all wars, the “war on cancer” is profitable for vested interests.

For starters, the average cost of a new cancer drug is over $100,000 per year.

Newly-approved cancer drugs can cost about $10,000 on average per month, while some can top off at around, or over, $30,000 a month.

Contrast those prices with the cost of cancer drugs a decade or so ago, which were a mere ‘smidgen’ of only $4,500 a month.  Talk about inflation, or is it medical-pharma rip-off time?  Owning a ‘cancer insurance’ policy really doesn’t help defray many of those costs either.  Usually a cancer policy will state that it provides a lump sum payment for “a covered cancer” or a recurrence of cancer.   Some policies will provide a lump sum cash payout of X dollars upon diagnosis and that’s it!

This website  gives the “average” medical costs for various types of cancers.

What do you think is the average salary an oncologist pulls in? That salary can range from approximately $294,000 to $383,000 per year.  However, how do doctors feel about taking chemotherapy for themselves? When polled, the results showed “75% of physicians in the world refuse chemotherapy for themselves.”  Isn’t that in...

01:10

Silver Price Forecast: Higher Silver Prices For Many Years To Come The Daily Coin

silverIn a previous article, I highlighted how a Head and Shoulders Bottoming pattern on the silver chart suggested that the silver rally since the beginning of 2016 is likely to continue. This pattern has now matured nicely, thanks to the retrace to the breakout area. Below, is a silver chart (all charts from tradingview.com), with that pattern…

01:00

SOS for China’s SOEs Project Syndicate RSS-Feed

China's government has made corporate-sector deleveraging a major goal for 2016, but its state-owned enterprises are still holding far too much debt. The government should now turn to the private sector, which has accumulated savings and needs new investment opportunities, to help clean up the SOEs' balance sheets.

01:00

Bond Market Knows What Fed Should Do Financial Sense

We have an unblemished 21-year track record of predicting what the Fed should do, with 100% accuracy. What the FOMC actually does is often different from what it should do. As of the Sep. 21 FOMC meeting announcement...

Gold Price Heads for Another $75 Quarterly Gain as Fed Holds Rates, UN Warns of 'Crisis Part 3' Financial Sense

Gold prices held near 2-week highs in London on Thursday, trading at $1335 per ounce as world stock markets rose sharply following the US Federal Reserve's "no change" decision on interest rates but a new United Nations report warned of...

00:50

New Earthquake Forecast Areas — West Coast, Japan, Asia, Europe (Video) The Daily Coin

NASA Admits Hidden Portals Opening Above Earth!Earthquake Monitoring Links below! This stream is showing the past 48 hours of USGS reported earthquakes + the last 50 EMSC reported earthquakes internationally. No voice in this video unless a large earthquake strikes. Marker height off the globe = depth into the Earth. The feed may show double earthquakes in some locations due to…

Mothers of the Disappeared Project Syndicate RSS-Feed

In Latin America and elsewhere, women, especially mothers of victims of violence, are constantly at the forefront of human-rights activism. Where state institutions or elected officials fail to take action against abuses, these women have filled a vacuum, challenging traditional gender roles in the process.

00:30

Hanging by a Thread – “Very skeptical” judge – former FBI/SEC official eyes London gold and silver fix lawsuits The Daily Coin

economy dollar goldby Allan Flynn Five months have lapsed without decision, since London gold and silver benchmark-rigging class action lawsuits received a cool response in a Manhattan court. Transcripts from April hearings show, in the absence of direct evidence, the claims dissected by a “very skeptical” judge, and criticized by defendants for lack of facts suggesting collusion, among other things.…

00:24

Top Advisor To Sovereign Wealth Funds Warns This Just Sent A Major Shock Through Global Markets The Daily Coin

King-World-News-7-Terrifying-Warnings-That-The-Greek-Disaster-Is-Now-Set-To-Catapult-The-World-Into-A-Global-Meltdown-864x400_cOn the heels of yesterday’s Fed decision, today a top advisor to the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world, warned King World News that a major shock has been sent through global markets.  He also discussed the gold and silver markets. But first, take a look at the extraordinary calls that Michael…

00:10

The BIS Warns on China The Daily Coin

china ghost city public domainI’ve been saying for the past couple years that the next recession here in the US will probably be triggered by an external macro event or cascade of events, coming out of Europe or China. Today’s Outside the Box sharpens our focus on China, which had already got quite a lot sharper with Michael Pettis’s piece in Outside the Box on Sept. 2.…

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Thursday, 22 September

23:55

Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation? naked capitalism

Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.

23:50

Helicopter Money Is in the Air Project Syndicate RSS-Feed

Fiscal policy has been out of fashion since 2010, if not longer. But now that unconventional monetary-policy measures have failed to deliver more than mediocre outcomes, policymakers have started mooting ideas for unconventional fiscal policy.

23:45

Wells Fargo’s Fake Whistle-Blower Line The Big Picture

Matt Levine has heard all of the Wells Fargo excuses, and he is having none of it: You can begin to construct a hypothetical list of the incentives facing Wells Fargo consumer bankers: Open fake accounts to meet sales goals: Maybe get fired. Don’t open fake accounts, miss sales goals: Probably get fired. Tell executives about all the…

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The post Wells Fargo’s Fake Whistle-Blower Line appeared first on The Big Picture.

23:41

Russia, US trade barbs in Syria blame game The BRICS Post

Aid has reached some displaced Syrians near the capital Damascus but all convoys to the besieged Aleppo have been suspended [Xinhua]

Aid has reached some displaced Syrians near the capital Damascus but all convoys to the besieged Aleppo have been suspended [Xinhua]


Russia and the US took swipes at each other late Wednesday as an United Nations Security Council meeting on Syria – and the recent attack on an aid convoy – broke down into a Cold War era blame game.

Although it appeared the two had broken off contacts, Russian media early on Thursday quoted Kremlin sources who said that Foreign Minister Sergei Lavrov and US Secretary of State John discussed the crisis during a phone conversation before meeting with their delegations in a closed session after their public clash.

Earlier on Wednesday, during a heated UN Security Council meeting on Syria Lavrov denied that either his country’s or the Syrian Air Force had anything to do with the September 19 attack on the humanitarian convoy near Aleppo which killed 21 aid workers. He appeared to hint that Islamist rebels “shelled” the 31-truck convoy and called for a full investigation.

He said that Moscow had provided the UN and US with all their information on the attack, including footage of a rebel truck with mounted mortar trailing the convoy.

Lavrov said that Russia had monitored a number of Islamist rebel factions regrouping and advancing on districts in the city of Aleppo. As a result, Lavrov said there would be “no more unilateral pauses” by Syrian government forces against these rebel groups.

But US Secretary of State John Kerry ridiculed Lavrov’s account.

“I listened to my colleague from Russia and I sort of felt like we’re in a parallel universe here,” Kerry said.

“There are only two countries that have planes that are flying during the night or flying in that particular area at all,” Kerry added. “They are Russia and Syria.”

Kerry sharply criticized Russia for supporting the Syrian government.

“How can people go sit at a table with a regime that bombs hospitals and drops chlorine gas again and again and again and again and again and acts with impunity,” Kerry said. “You’re supposed to sit there and have happy talk in Geneva while the regime drops bombs?”

Kerry demanded that all Russian and Syrian aircraft be grounded.

Russian Foreign Ministry spokesperson Maria Zakharova told local media that Kerry’s space was more of a spectacle than anything.

“The speech of US delegation written for the Secretary of State was a show for millions of viewers and primarily, for the mass media, for cameras,” Zakharova said. “It was not the first time when the US delegation pulled wool on the eyes of the world from that seat at the Security Council,” Russian news agency TASS quoted her as saying.

Meanwhile, German Foreign Minister Frank-Walter Steinmeier called on all aircraft to suspend sorties over Syria in a bid to salvage what was left of a collapsing ceasefire.

“If the ceasefire is to stand any chance [of succeeding], the only path is a temporary, but complete ban of all military aircraft movement in Syria – for at least three days, better would be seven days,” Steinmeier told the Security Council.

The BRICS Post with inputs from Agencies

23:12

Daily Digest 9/22 - The Three Stages of Empire, UN Fears The Third Leg Of Financial Crisis Peak Prosperity

Daily Digest 9/22 - The Three Stages of Empire, UN Fears The Third Leg Of Financial Crisis
  • UN fears third leg of the global financial crisis - with prospect of epic debt defaults 
  • Dallas Police Pension On Verge Of Collapse As Record Number Of Cops Seek Full Withdrawals
  • Jim Rogers: ‘Central Banks Are Losing Their Power…Thank Goodness'
  • Canadian Mint employee accused of smuggling $180K of gold in his rectum
  • Moscow says attempts to accuse Russia of aid convoy attack are 'outrageous'
  • The Three Stages of Empire
  • Has Real Estate Hit Its Peak?
  • Long Term Consequences Of The Oil Price Crash
  • Bayer-Monsanto deal 'danger for our food': French chefs

Join the conversation »

22:45

FDA Finds Glyphosate in Honey The Event Chronicle

FDA Finds Glyphosate in Honey

The U.S. Food and Drug Administration (FDA) has found residues of the weed killer glyphosate in samples of U.S. honey, according to documents obtained by the consumer advocacy group U.S. Right to Know through a Freedom of Information Act request. Some samples showed residue levels double the legally allowed limit in the European Union.

There is no legal tolerance level for glyphosate in honey in the U.S., so any amount of detectable glyphosate in honey could technically be considered illegal. Some of the honey tested by the FDA had glyphosate residues at 107 parts per billion, well more than the 50 parts per billion set as a maximum allowed in the European Union, the documents state.

Records obtained from the FDA, as well as the U.S. Environmental Protection Agency and the U.S. Department of Agriculture, by U.S. Right to Know detail a range of revelations about the federal government’s efforts to get a handle on rising concerns about glyphosate. In addition to honey, the records show government residue experts discussing the prevalence of glyphosate found in soybean samples and the belief that there could be a lot of “violation for glyphosate” residue levels in U.S. crops.

Glyphosate, the key ingredient in Monsanto‘s Roundup herbicide, is the most widely used herbicide in the world and concerns about glyphosate residues in food increased after the World Health Organization in 2015 said its cancer experts determined glyphosate is a probable human carcinogen. Other international scientists have raised concerns about how heavy use of glyphosate is impacting human health and the environment.

Even though the FDA annually examines foods...

22:32

Gelman on the Replication Crisis and Social Media Marginal REVOLUTION

This Andrew Gelman post on the replication crisis and the role that blogs have played in generating that crisis starts off slow but just builds and builds until by the end it’s like holy rolling thunder. Here is just one bit:

Fiske is annoyed with social media, and I can understand that. She’s sitting at the top of traditional media. She can publish an article in the APS Observer and get all this discussion without having to go through peer review; she has the power to approve articles for the prestigious Proceedings of the National Academy of Sciences; work by herself and har colleagues is featured in national newspapers, TV, radio, and even Ted talks, or so I’ve heard. Top-down media are Susan Fiske’s friend. Social media, though, she has no control over. That’s must be frustrating, and as a successful practioner of traditional media myself (yes, I too have published in scholarly journals), I too can get annoyed when newcomers circumvent the traditional channels of publication. People such as Fiske and myself spend our professional lives building up a small fortune of coin in the form of publications and citations, and it’s painful to see that devalued, or to think that there’s another sort of scrip in circulation that can buy things that our old-school money cannot.

But let’s forget about careers for a moment and instead talk science.

When it comes to pointing out errors in published work, social media have been necessary. There just has been no reasonable alternative. Yes, it’s sometimes possible to publish peer-reviewed letters in journals criticizing published work, but it can be a huge amount of effort. Journals and authors often apply massive resistance to bury criticisms.

If you are interested in the replication crisis or the practice of science read the whole thing.

Aside from the content, I also love Gelman’s post for brilliantly mirroring its metaphor in its structure. Very meta.

The post Gelman on the Replication Crisis and Social Media appeared first on Marginal REVOLUTION.

22:30

10 Thursday AM Reads The Big Picture

Its the Autumnal Equinox ! Kick off Fall with the finest morning train reads in the land: • Is Shareholder Value Maximization the Dumbest Idea in the World? (CFA) • Do Institutional Consultants Add Value Picking Money Managers? (A Wealth of Common Sense) • How Large is Election’s Impact on Stocks? 35 presidential terms answer the question (Barron’s) • Markets and Pundits Have…

Read More

The post 10 Thursday AM Reads appeared first on The Big Picture.

22:02

Gold Up 1.5%, Silver Surges 3% – Yellen Stays Ultra Loose At 0.25% Max Keiser and Stacy Herbert

Gold was up 1.5% and silver surged 3.1% yesterday after Janet Yellen again failed to raise rates from record lows at 0.25%. The Fed maintained ultra loose monetary policies which are again creating stock and bond market bubbles in the U.S. and other countries.

yellen_goldFed’s Yellen To Engage In QE Again?

Global stocks and commodities also rose on continuing relief that the Fed continues ZIRP and remains ultra loose along with the BoJ, BOE and ECB whose policies are even looser. The BoJ also maintained ultra loose monetary policies at negative 0.1 percent rate and said it would continue buying government bonds at the current pace for the time being.

Spot gold prices hit a two-week high of $1,336.8 an ounce after the Fed said that it would keep rates at record lows. Silver rose to as high as $19.86 and both precious metals have consolidated on those gains in Asian and European trading.

Euro gold rose to €1,194/oz and sterling gold to £1,024/oz. Read full story…

22:00

World’s Largest Tidal Energy Farm Launches in Scotland The Event Chronicle

World's Largest Tidal Energy Farm Launches in Scotland

By Lorraine Chow

Scotland, already a renewable energy powerhouse, has launched the first and largest free stream tidal power project in the world.

The MeyGen tidal stream project, operated by Edinburgh-based tidal developer Atlantis Resources Limited, aims to deliver 398 megawatts of energy—harnessed purely from water currents—to the grid.

The goal of the project is to help develop Scotland’s marine renewables industry, creating jobs and investment, the Scottish government said. The project is expected to generate around £275 million (about $360 million) for the country’s economy.

Tidal stream generators work similarly to wind turbines, but instead of air currents they draw energy from waves. This form of hydropower has incredible promise as a form of carbon-free energy, but progress has been slower than expected. It wasn’t until 2014 that the MeyGen project became the world’s first large-scale tidal project of its type to successfully reach a funding agreement.

Scotland’s First Minister Nicola Sturgeon visited Nigg Energy Park in the Scottish Highlands on Monday to help unveil the array’s first turbine. The Scottish government has provided £23 million (about $30 million) to fund the first phase of the MeyGen tidal farm.

“I am incredibly proud of Scotland’s role in leading the way in tackling climate change and investment in marine renewables is a hugely important part of this,” Sturgeon said. “MeyGen is set to invigorate the marine renewables industry in Scotland and provide vital jobs for a skilled workforce, retaining valuable offshore expertise here in Scotland that would otherwise be lost overseas. Highly skilled operation and maintenance jobs will also need to be carried out locally, provid...

21:54

Russia’s Alexander Dugin Says That War Is Very Close PaulCraigRoberts.org

Russia’s Alexander Dugin Says That War Is Very Close

http://www.globalresearch.ca/video-the-third-world-war-has-never-been-so-close-us-preparing-to-wage-war-on-russia-how-will-russia-respond/5546914

The neocons’ alternative to starting a war with Russia is to assassinate Donald Trump. The neocons are capable of either or both.

The post Russia’s Alexander Dugin Says That War Is Very Close appeared first on PaulCraigRoberts.org.

21:30

Obama is Protecting the Terrorists, America to the Rescue of ISIS-ISIL-Daesh. Testimonies of Syrian Soldiers Who Witnessed the US Airstrikes The Daily Coin

people war preparedness collapseBy Prof Michel Chossudovsky These testimonies by Syrian soldiers who are fighting the Islamic State rebels (ISIS-Daesh) confirm what we already know. The United States of America is not fighting the terrorists in Syria.  The Obama administration, with the support of its allies including Turkey and Saudi Arabia, is supporting the Islamic State (ISIS Daesh) Obama’s…

21:10

The Three Stages of Empire The Daily Coin

war people collapseI consider it self-evident that we are in the third and final stage of self-serving Imperial decay. Though Edward Luttwak’s  The Grand Strategy of the Roman Empire: From the First Century CE to the Third is not specifically on the rise and fall of empires, it does sketch out the three stages of Empire. Here is the…

20:45

Nick Barisheff & Chris Waltzek (Podcast) The Daily Coin

image/YouTubeSummary Nick Barisheff of Bullion Management Group (BMG) notes that most of the above ground silver stockpiles were sold before the year 2000. Only 20% of silver is the byproduct of pure silver mines, the remaining 80% is derived from base metal production, such as lead.  The net result: 50% of silver demand is industrial in nature…

20:15

Reminder: Special Equinox Meditation Today at 7:15am (PDT) / 2:21pm (UTC) The Event Chronicle

Cobra - Resistance Movement

Special Meditation Today at the exact moment of the equinox at 2:21 pm UTC:

*http://earthsky.org/?p=26181

You can convert time for meditation from UTC to your local time zone here:

http://www.worldtimeserver.com/convert_time_in_UTC.aspx

It is time to take action again! It is time to take the destiny of our world in our own hands! We all agree that the process of planetary liberation is taking too long. Here is our chance to collectively speed up the process. Therefore we are upgrading our Weekly Event Meditation and transforming it into Weekly Ascension Meditation to reach as many people as possible to join us.

Make this viral! Share it worldwide! Please post it on your websites and blogs. Invite spiritual groups to join us. If you know an alternative media outlet, you can send it to them. You can create a Facebook group for your local group of people doing this in your part of the world. We also need one main Facebook group for this event. You can create a video about this and post it on Youtube.

Scientific studies have confirmed positive effects of mass meditations on human society, so each of you that will participate in this meditation can actually help bringing the Event closer to us:

This meditation helps the Light forces to ground the energy of Light on the surface of the planet to strengthen the Light grid which is needed to speed up the process of Ascension. Number of people doing that meditation is the single most influential factor within the power of the surface human population for speeding up process.

We are now shifting our mediation to 4 pm GMT each Sunday to allow people in Asia to meditate together with us. We are always doing this meditation at 4 pm GMT each Sunday, regardless of winter / summer time. You can convert 4 pm GMT to your local time zone here:

Or here:

Instructions:

1. Use your own technique to bring you to a relaxed state of consciousness

2. State your intent to use this meditation as a tool to speed up the process of Ascenison for planet Earth and its inhabitants

3. Visualize a pillar of Light emanating from the Galactic Central Sun, then going through all points of Light inside our Solar System and then through your body to the center of the Earth. Visualize another pillar of Light rising from the center of the Earth, then up through your body and upwards into the sky towards a...

20:15

Will The October Surprise Be More Shocking Than Everyone Expects? (Video) The Daily Coin

war russiaFBI searching for two other individuals that might have seen the FBI plant the explosives. US Government pushing race wars in Charlotte NC.US and South Korea are practicing on how to attack a nuclear facility. Russia contacted the US twice about the attack on Syrian forces. Russia shows a terrorist vehicle riding along side the…

19:54

Photo Essay: Community Gardens Change Lives Resilience

Community gardens and urban agriculture projects are a powerful way for people to connect with others for healthy, enriching experiences in their neighborhoods.

19:52

Marginal Productivity Theory Resilience

Economists tell us how consumers on the market, “voting” with their purchasing power got what they wanted and wealthy landowners got the economic theory that they wanted.

19:50

Scientists Uncover Surprising Source of Carbon Storage Hidden in Plain Sight Resilience

Agroforestry — integrating trees into cropland or pastureland — is often discussed as a promising strategy for helping to ease the threat of climate change because trees are particularly good at sucking carbon dioxide from the air and socking it away for the long term.

19:45

Mexican Peso Plunges against Dollar, in Toxic Cocktail of Forces The Daily Coin

mexico-flag-cracked-249473815.jpgA recipe for a debt crisis. By Don Quijones On Monday morning the world’s tenth most traded currency, the Mexican peso, set a historic precedent that few Mexicans will welcome. For the first time ever, one US dollar fetched as many as 20 Mexican pesos in some of the nation’s banks, including its biggest, Bancomer, following…

19:42

Timeline: The Past, Present and Future of Germany’s Energiewende Resilience

The Energiewende (energy transition) is an internationally recognised example of Germans’ love for compound nouns, where two previously unconnected words are joined at the hip.

19:33

Agreeable Agriculture With Eric Toensmeier Resilience

Can simply changing how and what we grow really make a difference to a changing climate?

19:15

A Second Night Of Riots Rocks Charlotte As America Teeters On The Edge Of Chaos The Daily Coin

uprising-north-carolina-public-domainRioting and civil unrest are becoming a common occurrence in America. The city of Charlotte has been hit by a second night of violence even though authorities are desperately pleading for calm. What sparked the chaos in Charlotte was the shooting of a 43-year-old black man named Keith Lamont Scott. It appears that he was…

19:04

A Time for Retrovation Resilience

Most people in today’s industrial society believe, or think they believe, in progress: they believe, that is, that human history has a built-in bias that infallibly moves it from worse things to better things over time.

19:00

Unintended consequences of higher capital requirements The Big Picture

Unintended consequences of higher capital requirements Arzu Uluc and Tomasz Wieladek Bank Of England September 19  2016       Following the global financial crisis of 2007-08, financial reform introduced time-varying capital requirements to raise the resilience of the financial system. But do we really understand how this policy works and the impact it is likely to have on…

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The post Unintended consequences of higher capital requirements appeared first on The Big Picture.

18:45

Farm Aid – “We have just begun. This is a revolution.” The Daily Coin

image/healthnutnews.comTDC Note – I had the good fortune to see Neil Young earlier this year at an outdoor amphitheater and he put a great show. He delivered the same message during his tour as he is delivering at FarmAid. Neil Young has been a true radical most all his life. Mr. Young uses the stage…

18:30

Europe’s Leadership Crisis Project Syndicate RSS-Feed

The recent informal EU summit in Bratislava, Slovakia, was supposed to demonstrate solidarity and kick-start the post-Brexit reform process. But instead of displaying unity, the meeting revealed only further division.

18:28

Winter is Coming – Standing Rock Digs in for the Long Haul Resilience

Here at Standing Rock, North Dakota, the largest gathering of different indigenous nations ever seen on this land is currently taking place.

18:24

Debt Rattle September 22 2016 The Automatic Earth

Harris&Ewing Harding inauguration 1921 • The Global Economic Outlook: Dark Clouds Ahead (Guardian Ed.) • UN Fears Third Leg Of Global Financial Crisis – With Epic Debt Defaults (AEP) • Major Trend Forecast For The Rest Of 2016 (Celente) • Report Highlights Rising US Poverty (D&C) • In Places With Fraying Social Fabric, a Political

The post Debt Rattle September 22 2016 appeared first on The Automatic Earth.

18:15

ROCK STAR AMONGST THE GOLD BUG COMMUNITY The Daily Coin

Alan-Greenspan-Quotes-3Originally published November 2014 Alan Greenspan, former Federal Reserve Chairman, had a lot to say about gold, and a little about silver, at the recent Council on Foreign Relations meeting. Greenspan is saying things that make you go hmmmmm and begin asking questions like why now, what’s happening in the background that is about to…

17:55

The Private Debt Crisis naked capitalism

Why private debt is so dangerous, and why that risk looms large, particularly in China.

17:32

High costs slowing Sri Lanka push toward solar energy Eco-Business

Imported panels and import taxes mean coal is still a cheaper choice, despite government push for solar energy.

17:16

The Rise and Rise of the Bubble Managers naked capitalism

It's becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.

17:15

Unfolding Economic Collapse The Daily Coin

clock preparedness economy public domain copyOriginally published December 2015 by Rory, The Daily Coin It’s Christmas Eve and the house is quiet, for the time being. As the year comes to a close and we take a short trip down memory lane and gaze for a moment into our crystal ball, what do we see? The unfolding economic collapse is…

17:09

*A Notable Woman* Marginal REVOLUTION

The descriptive subtitle is The romantic journals of Jean Lucey Pratt.  She was a British woman who started keeping a journal in 1925 at the age of fifteen, and continued until her death in 1986.  Usually books like this bore me after fifty pages (or less), but this one I am finding consistently entertaining.  Here is one bit from her cruise ship voyage at age 23:

My physical needs as a normal woman are badly wanting fulfillment.  I’ve got to somehow make them understand that I have no anchor; that an ordinary and full-sexed woman must centre her interests on one man, otherwise she must inevitably go to pieces.

I’ve learnt a lot from this voyage, and one thing from Nev which is forceful and important — that platonic friendships are impossible.  To show my trust in my little boyfriends I left my door unbolted; although they had drunk too much, I knew I could trust them.  But I’ve bolted it again.

She lost her virginity eight years later, at age 31:

When he had played with me in the French manner (too long I think) to work me up to the Crisis, the Big Moment Passionate and so on, I left him to make my preparations and then lay back on the bed and said in a sepulchral voice, “Now I’m ready for the worst!”  Well, it was damned painful, though I didn’t know it was going to be.

I have quite recovered from my pain in the stomach and am in a rare good humour, have been all day.  It is such a relief to feel one is no longer completely ignorant.

Here is one good review of the book, with a photo of the diarist as well.  Here is another review.

The post *A Notable Woman* appeared first on Marginal REVOLUTION.

17:00

Scientists: How the new focus on 1.5C is reshaping climate research Eco-Business

Since becoming enshrined in the Paris Agreement last December, the 1.5C goal has come under increased scrutiny and examination.

16:20

Wells Fargo Fake Accounts Hidden by Fake Whistleblowing: Former Employees, Including HR Officials, Allege Systematic Retaliation naked capitalism

As short seller David Einhorn says, "No matter how bad you think it is, it's worse." That's proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.

15:45

Plan B: What To Do When Your Survival Shelter Has Been Compromised The Daily Coin

marauderReady Nutrition Readers, this is a simple “food for thought” article to stimulate the “planning juices” in the brain cells of you guys and gals. It’s no secret how important a good home defense plan is especially during a long-term event. The scenario of the Twilight Zone episode “The Shelter” is the rule of thumb rather than…

14:41

Why do people play chess again? Marginal REVOLUTION

According to Donner: “The whole point of the game [is] to prevent an artistic performance.” The former world champion Garry Kasparov makes the same point. “The highest art of the chess player,” he says, “lies in not allowing your opponent to show you what he can do.” Always the other player is there trying to wreck your masterpiece. Chess, Donner insists, is a struggle, a fight to the death. “When one of the two players has imposed his will on the other and can at last begin to be freely creative, the game is over. That is the moment when, among masters, the opponent resigns. That is why chess is not art. No, chess cannot be compared with anything. Many things can be compared with chess, but chess is only chess.”

That is Stephen Moss at The Guardian.  Along related lines, I very much enjoyed Daniel Gormally’s Insanity, Passion, and Addiction: A Year Inside the Chess World.  It’s one of my favorite books of the year so far, but it’s so miserable I can’t recommend it to anyone.  It’s a book about chess, and it doesn’t even focus on the great players.  It’s about the players who are good enough to make a living — ever so barely — but not do any better.  It serves up sentences such as:

Surely the money in chess is so bad that this can’t be all you do for a living?  But in fact in my experience, the majority of chess players rated over 2400 tend to just do chess.  If not playing, then something related to it, like coaching or DVDs.  That’s because we’re lazy, so making the monumental effort of a complete change in career is just too frightening a prospect.  So we stick with chess, even though the pay tends to be lousy, because most of our friends and contacts are chess players.  Our life is chess.  As a rough estimate, I would say there are as many 2600 players making less than £20,000 a year.

And:

Stability. I had this conversation with German number one Arkadij Naidisch at a blitz tournament in Scotland about a year ago. (there I go, name-dropping again.)  He suggested that a lot of people don’t achieve their goals because they just aren’t stable enough.  They’ll have a fantastic result somewhere, but then that’ll be let down by a terrible tournament somewhere else.

…The problem is it’s hard to break out of the habits of a lifetime.  Many times at home I’ve said to myself while sitting around depressed about my future and where my chess is going, “tomorrow will be different.  I’ll get up and study six-eight hours studying chess.”  But it never happens.

Overall biography and autobiography are far too specialized in the lives of the famous and successful.

The post Why do people play chess again? appeared first on Marginal REVOLUTION.

14:30

How Clinton’s Death Will Be Exploited by the Globalists The Daily Coin

hillary public domainHillary Clinton is a liability to the globalists. The longer her campaign continues, the more exposed the globalists and there agenda become. She is a liability and I am certain that Rockefeller and even George Soros are privately saying that Hillary has to go. But before she goes, there is political capital to be gained…

14:20

Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America The Economic Collapse

van-public-domainDo you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river?  Unfortunately, this is becoming a reality for way too many Americans.  As the middle class has shrunk and the cost of living has increased, a lot of people have decided to quite literally “live on the road”.  Whether it is a car, a truck, a van, a bus or an RV, an increasing number of Americans are using their vehicles as their homes.  Just recently, someone that I know took a trip down the west coast of the United States and stayed at a number of campgrounds along the way.  What she discovered was that a lot of people were actually living at these campgrounds.  Of course there are some that actually prefer that lifestyle, but many others are doing it out of necessity.

Earlier this week, Circa.com posted a story about “the van life”.  One of the individuals that they featured was a recent graduate of the University of Southern California named Stephen Hutchins.  Without much of an income at the moment, he decided that the best way to cut expenses was to live in his van

“The main expenses are insurance for the van, which is like $60 a month,” said Hutchins. “Then, I have a storage unit for like $60.”

That puts his monthly rent at $120. The van cost him just $125 at an auction.

Living in a van is certainly not the most comfortable way to go, and many of you are probably wondering how he performs basic tasks such as cooking and bathing.  Well, it turns out that he makes extensive use of public facilities

He showers at the gym, cooks on a portable stove on a sidewalk (he stores his butane at his friends’ place nearby) and uses wifi at nearby coffeeshops.

For a while such a lifestyle may seem like “an adventure”, but after a while it will start to get really old.  And not a lot of women are going to be excited about dating a man that lives in a van, and you certainly wouldn’t want to raise a family in a vehicle.

Sadly, just like during the last economic crisis many Americans are getting to the point where staying in their homes may not be an option.  Just check out the following excerpt from a recent New York Post article entitled “The terrifying signs of a looming housing crisis“…

The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show.

There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report.

I put a couple of phrases in that quote in bold because I really wanted you to notice a couple of things.

First of all, it is very al...

14:05

Lighting the way to a Smart Nation Eco-Business

Connected lighting is the way forward to a Smart Nation and also a more sustainable one, as Philips Lighting demonstrates with the opening of its Lighting Application Centre in Singapore.

13:50

Americans Must Give Up ‘Freedom Of Action’ Obama Tells United Nations The Daily Coin

libertyLast September when Barack Obama stood in front the UN General Assembly and gave his New World Order speech, many of us in the Alternative Media were alarmed at his constant references to “International law, international norms, international rule and international order,” without mention of sovereign rights guaranteed to Americans under the U.S. Constitution. This year, the…

13:33

Off The Cuff: Making Sense Of The FOMC Decision Peak Prosperity

Off The Cuff: Making Sense Of The FOMC Decision

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Fed In A Box
    • At this point, stalling is Yellen's only option
  • Boneheaded BOJ
    • Now trying to undue the damage of its recent NIRP policies
  • Blind To Bubbles
    • Central banks are unwilling to admit they're the cause of the problem, not the solution
  • Bad Policies
    • Capitalism is getting destroyed (and a bad rap) by central banks run amok

In the wake of the closely-watched announcements by the BOJ and the Federal Reserve, Chris and Axel sit down in this meaty discussion to pick through the particulars of what this week's announcement mean. In a world where everything hangs on the decisions of an elite few central banks, this is one of the more important podcasts we've released in a while.

Join the conversation »

13:30

Something Is Brewing And It Might Be The Catalyst That Ignites The Economic Collapse (Video) The Daily Coin

x2234% of Americans have $0 saved up. The US Government manipulated the wage earnings for the elections and to keep the illusion alive that economy recovered. Gallup CEO destroys the idea that the economy has improved and recovered. US freight and rail traffic has declined which shows the economy is continually deteriorating. Corporations are hoarding…

13:11

Solar Solutions Manager (Indonesian National) Eco-Business

Contained Energy is the leading solar systems integrator and EPC company in Indonesia, with over 10 years of experience and projects all over the archipelago (and beyond).

13:10

There’s No Wall Between the Fed and Banco de Mexico The Daily Coin

Nomi-PrinsIn regard to monetary policy, Mexico is a good neighbor to the U.S. It has been mirroring Fed policy since the financial crisis. As the U.S. Fed cut rates to zero, Mexico did the same by cutting rates to a 3% low by 2014. When the Fed did QE, Mexico did too. When the Fed…

13:09

Program Manager Eco-Business

Environmental Scientist / Program Manager - Air Quality Monitoring Program JOB DESCRIPTION:

13:03

The 4th Annual Women in Safety Leadership Summit 2017 Eco-Business

Despite significant progress towards gender equity over the past decade in safety roles, women still remain underrepresented in senior leadership roles across the majority of industries. Many emerging and aspiring female leaders have the ability and drive necessary to take on these senior and executive positions, but face common obstacles that often obstruct the prospect of fulfilling their true leadership potential.

13:01

Aid & Development Africa Summit 2017 Eco-Business

The 2nd annual Aid & Development Africa Summit returns to the United Nations Conference Centre in Addis Ababa, Ethiopia on 21-22 February 2017 with an aim to explore how technological innovations and best practice can improve aid delivery and development strategy in Sub-Saharan East Africa. For more information, visit http://africa.aidforum.org

12:50

AIDF Mobile for Development Master-Class Eco-Business

The humanitarian and development community is moving from whether to use mobile technologies to how to make the most out of them. Given the recent commitments made at the World Humanitarian Summit in Istanbul, now is the opportune time to benchmark your organisation's M4D strategy and explore what the tech future has in store to get ahead of the game.

12:50

Obama Used His Final UN Address To Promote A ‘Liberal World Order’ And A Palestinian State The Daily Coin

UN flagDuring Barack Obama’s eighth and final address to the United Nations he let his true colors show. He staunchly defended globalism, he took several not very subtle shots at Donald Trump, and he boldly declared that Israel “cannot permanently occupy and settle Palestinian land”. That statement about “Palestinian land” was extremely alarming to many, because…

12:43

8th Biomass Pellets Trade & Power Eco-Business

Asia Powerhouse Biomass Markets' Meet in Tokyo

12:38

3rd Biomass & BioEnergy Asia Eco-Business

"Realizing New Energy from Biomass & Biogas"

12:30

David Morgan – Buy Precious Metals Now! ! ! (Video) The Daily Coin

David_MorganDavid Morgan of The Morgan Report sits down with Maurice Jackson to discuss the uniqueness and rarity of precious metals, while also addressing his thoughts on the Bear Cycle in this Precious Metals Secular Bull Market, and how precious metals protect the individual investor. The Morgan Report The Morgan Report’s Weekly Perspective is a free…

12:10

Where to Buy Property Without Paying Property Tax The Daily Coin

housing dollarDo you really own something if the government forces you to make never-ending payments on it? I think the answer is “no.” You possess such an item, but you don’t own it outright. It’s an important distinction. A ridiculous threat to property rights has infected most of the world like a virus. Most people unquestioningly accept it as a normal part…

11:50

Yellen’s Plan to Destroy the World’s Currency The Daily Coin

Dollar-Blow-UpGeese and ganders and pots and kettles and all that. Remember all that rigmarole about the death of the euro back in the heady days of the Greek debt crisis? All that talk that the euro was doomed to fail because it wrapped its politically correct and antiseptic currency around a gaggle of nations that…

11:42

Russia issues Hinkley nuclear warning Eco-Business

State-owned Russian nuclear corporation says the industry’s credibility is at risk if building the new UK power plant is delayed or runs over budget.

11:40

Louis Cammarosano: Russia to Supply China with 80 – 100 TONS of Gold Annually The Daily Coin

gold-public-domain-copy-2Over the course of 2016 we have seen both gold and silver move to higher ground. Both metals have a long way to go, to the upside, before they get close to the levels should be, simply based on inflation. Then you add to the mix China, Russia and the other nations, around the world,…

11:30

Dr. Paul Craig Roberts “Russia Didn’t Attack The UN Aid Convoy, It’s A False Flag”! (Video) The Daily Coin

Paul Craig Roberts - SiteLogoYT Comment Sandy Villarreal And this is what American’s propaganda are claiming, and tragically, most American’s eat this bullshit right up: US Holds Russia Responsible for Aid Convoy Hit – https://youtu.be/iS9i2sZIvS0 What a job Putin’s got on his hands. Taking on Western propaganda, protecting his own borders, and running & protecting his own country &…

11:10

Egon von Greyerz Responds To Fed Decision And Issues Dire Warning About Why The World Financial System Is Headed For Total Collapse The Daily Coin

image/youtube screen grabOn the heels of the Fed’s decision not to raise rates, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just spoke with King World News about the Fed’s decision and why the world financial system is headed for total collapse.  There is also an email included…

11:00

September 2016: Surprise! No Federal Reserve Rate Hike Before 2016 Election (Video) The Daily Coin

wall st for main stJason Burack did a short video about how Janet Yellen & the Federal Reserve decided to not rise interest rates before the November 2016 election but they are promising 3 interest rate increases before the end of 2017. Jason also discusses more crazy comments from PhD Keynesian Economists, the Huffington Post blaming others for Hillary…

10:50

Trump and Clinton Are “Positive For Gold” – $1,900/oz by End of Year The Daily Coin

goldTrump or Clinton are “positive for gold” and prices could rise to between $1,700 and $1,900 per ounce by year end according to Canadian gold mining magnate Rob McEwen. Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview with Bloomberg at a gold conference in Colorado Springs. Robert McEwen Photographer:…

10:41

Photo Essay: Community Gardens Change Lives Shareable New Articles

Community gardens and urban agriculture projects are a powerful way for people to connect with others for healthy, enriching experiences in their neighborhoods. We've long covered people changing their community with the power of gardening, so we invited our readers to share their photos and stories about their community gardening experiences. Some of the organizations we've written about have also generously contributed new images from their gardens.

10:30

Tom Cloud’s Precious Metals Market Update (Video) The Daily Coin

Tom Cloud's Precious Metals Market UpdateTom Cloud is a veteran precious metals advisor, serving clients around the world since 1977. Get Tom’s powerful monetary insights and precious metals analysis every Tuesday on Follow the Money Radio with Jerry Robinson. Silver has been money longer than gold. Gold is money and everything else is credit. As our economies continue to falter…

10:10

The Number One Enemy of Humanity Has Arrived On Your Doorstep The Daily Coin

image/KingWorldNews.comThere are some issues, not many, that transcend the importance of the present election cycle we are in. Speaking for myself, I am highly concerned that a one-day extinct humanity has reached the point of no return with regard to the creation of the so-called “killer robots”. The Outer Limits TV Show Foretold the Time…

09:50

TOTAL HYPOCRITE: OBAMA ATTEMPTS TO SLAM PUTIN, INCRIMINATES HIMSELF INSTEAD The Daily Coin

image/WhatReallyHappenedby Darius Shahtahmasebi Barack Obama recently criticized presidential candidate Donald Trump’s admiration of Vladimir Putin, but his complaint was hypocritically laughable. Though no one in their right mind would pretend the Russian president is any kind of saintly figure, Obama’s choice of words in scrutinizing his Russian counterpart turned into a largely accurate description of…

09:38

Extreme Danger: Powerful Financial Crash Choreographed With Quiet Sun Political Vel Craft

“Extreme Danger” from 2017 into 2019 By Harry S. Dent Jr., Senior Editor, Economy & Markets When it comes to spotting danger periods for recessions, and especially major crashes, the Boom/Bust Cycle lets us see when stock crashes and recessions are most likely to occur. As my fourth key macroeconomic cycle, this makes it the […]

09:30

Russian MoD Releases Footage of Attacked UN Aid Convoy in Syria’s Aleppo (VIDEO) The Daily Coin

image/sputniknews.com - © AFP 2016/ Omar haj kadourThe Russian military unveiled on Tuesday video footage of a UN humanitarian aid convoy that came under attack in Syria, which shows a militants’ pickup vehicle carrying a large-caliber mortar as part of the convoy. The video shows that the UN aid convoy was accompanied by a terrorists’ off-road vehicle with a large-caliber mortar launcher, the Russian…

09:10

A Cashless Society And The Implication For Preppers The Daily Coin

Cash dollarby Joe I. (aka village idiot) For the past few years, the US Government has been trying, through fits and starts, to implement a policy whereby all its payments are made electronically into bank accounts or onto electronic debit cards. The Government recently announced that Social Security payments would all be either electronic entries in bank accounts…

09:00

2029 Financial Collapse: Lionel Shriver’s Dystopian Outlook on the US Financial Sense

Those of us with a deep interest in economics and financial issues often try to peer into the future and speculate about what’s to come. Sometimes, this exercise is meant to produce tangible investment advice, but other times, we’re...

08:50

Four Flash Points That Could Trigger World War III: “We Have Not Been This Close To Nuclear War In A Long Time” The Daily Coin

fukushima war nuclearAs can readily be seen by the current events, the world has not been this close to a nuclear war and World War 3 in a long time.  There are four major flashpoints right now that could easily escalate and ignite a powder keg, transforming from a regional conflict or conflicts into a world war:…

08:38

Computers will commit more crimes than humans by 2040 Follow The Money

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http://www.news.com.au/technology/home-entertainment/computers/computers-will-commit-more-crimes-than-humans-by-2040-expert-warn/news-story/ac37a8c42971db4bd88fd6d13f5b3183

YOU’VE heard of Robocop, the fictional man-machine on a mission to lock human criminals away.

But experts fear the opposite will soon come true and it will be machines that end up becoming the criminals, leaving us humans powerless to stop them.

Artificial intelligence experts have claimed that computers and robots will commit more crimes than humans by 2040.

They warned that murder machines will end up carrying the “lone wolf” terror attacks more associated with radicalised terrorists than psycho computers.

Tracey Follows, chief strategy and innovation officer at The Future Laboratory, toldRaconteur: “As the workforce moves towards more automation, we could find 35 per cent of jobs now done by humans have been replaced by robots.

“Futurists have been forecasting a sharp rise in lone-wolf terror attacks for years. But once robots can be hacked to become suicide-bombing machines, lone-robot attacks could become rife too.”

The robotic crime wave will be driven by the rise of artificial intelligence, which is expected to give machines a cognitive ability which could even surpass that of humans.

If the robotic crime wave seems like a distant prospect, you should consider a statistic from the National Crime Agency, which found that cyber crime made up 54 per cent of total offences in 2015.

As our world becomes increasingly connected, the crimes will become more and more sophisticated, with effects in the real world and not just the virtual one.

Raj Samani, a chief technology office at Intel Security, added: “It’s only a matter of time before we see instances of people left helpless, unable to drive their cars unless they pay up a ransom.

“We’re not talking driverless cars here, just a standard modern vehicle with connectivity capabilities.”

That’s not all. If we begin to secure our homes using the sort of locks already on cars, it’s not unrealistic to imagine a sadistic computer shutting all the doors and windows to trap the person inside.

Google engineers have even warned about the possibility of cleaning robots slaying their owners if they get in the way while they’re tidying up.

These warnings sound like science fiction, but they could become reality much more quickly that anyone would expect.

———-

i dont think solitary confinement will hurt these criminals!

“The robotic crime wave will be driven by the rise of artificial intelligence, which is expected to give machines a cognitive ability which could even surpass that of humans.”

but there is more:

“They warned that murder machines will end up carrying the “lone wolf” terror attacks more associated with radicalised terrorists than psycho computers.”

how do you punish a robot/computer?

401


Filed under: Tra...

08:35

Global banking watchdog warns over Chinese banks Follow The Money

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http://www.bbc.com/news/business-37403363

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry’s global watchdog.

A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) says in its latest quarterly review.

China’s credit-to-GDP gap hit 30.1 in the first quarter of 2016, it said.

The BIS considers a credit-to-GDP gap of 10 to be a sign of potential danger.

A year ago the BIS quarterly review put the figure for China at 25.4.

The BIS calculates the gap by looking at borrowing in relation to the size of the economy, and comparing that with the long-term trend of that ratio.

When the two start to diverge, the BIS argues, a banking crisis could be on the way.

The BIS has a central position in global finance as it provides banking services to central banks and monitors the international flow of money and credit.

The health of China’s banking sector has long been a source of concern for financial markets.

Since the financial crisis of 2007-2008 there has been a boom in credit as the Chinese government has attempted to spur flagging growth.

But some of that lending has not been productive and the IMF estimates that loans worth $1.3 trillion are at risk of default.

However, as the Chinese banking system is largely owned or controlled by the government, analysts say it would bail out the banking sector if necessary.

———-

a fair warning as well i would suggest but dont forget the euro and american banks..they are way more dangerous..

“The BIS has a central position in global finance as it provides banking services to central banks and monitors the international flow of money and credit.”

a central position is correct..this crew run the show!

“the IMF estimates that loans worth $1.3 trillion are at risk of default.”

conservative guess..

401


Filed under: China, World Finances, World News

08:33

Sarkozy comes out of the closet as a climate skeptic Follow The Money

nicolas-sarkozy-3

http://www.thelocal.fr/20160915/sarkozy-turns-climate-sceptic-in-battle-for-the-elyse

Nicolas Sarkozy, who is fighting to regain the presidency that he lost to François Hollande in 2012, has finally come out of the closet as a climate skeptic.

Speaking in front of business leaders Sarkozy, a candidate for Les Republicains party primary in November, told them that man alone was not to blame for climate change.

“Climate has been changing for four billion years,” the former president said according to AFP. “Sahara has become a desert, it isn’t because of industry. You need to be as arrogant as men are to believe we changed the climate.”

Sarkozy has minimized the climate change in the past, but up until now he has never openly suggested that man was not to blame.

It appears the ex-president has an all round grudge against climate change.

The former president believes the world should be concentrating on the rise in the population and movement of people rather than worrying so much about global warming.

“Never has the earth experienced such a demographic shock as it is about to, because in a few years there will be 11 billion of us. And man is directly responsible in this case but nobody talks about it,” Sarkozy said.

Sarkozy was also angry at the amount of global media coverage given to the COP21 climate change conference in Paris last year, that was hailed a success not just for the future of the earth but for the Socialist government who helped force through an historic deal.

Sarkozy believes the media should have been concentrating on the Paris terror attacks, that occurred just weeks before on November 13th.

The former president must have been too busy to notice the enormous amount of media coverage both in France and around the globe that was dedicated to the terror attacks.

———-

“comes out of the closet” eh?

please..

“Climate has been changing for four billion years,” the former president said according to AFP. “Sahara has become a desert, it isn’t because of industry. You need to be as arrogant as men are to believe we changed the climate.”

hes right..

401


Filed under: Climate Change, France, World News

08:30

Obama: 50 countries to take in 360,000 refugees this year Follow The Money

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http://www.bbc.com/news/world-us-canada-37422491

US President Barack Obama has announced a pledge by 50 nations to take in 360,000 refugees from war-torn countries this year.

He told the United Nations General Assembly that world leaders, notably Germany and Canada, have vowed to double the number from last year.

“We are facing a crisis of epic proportion,” Mr Obama said.

About 21 million refugees have been forced to flee their countries due to conflict or persecution, the UN says.

Nine million people alone have been displaced by the six-year conflict in Syria while more than four million others have fled the war-torn country.

“We cannot avert our eyes or turn our backs. To slam the door in the face of these families would betray our deepest values,” he added.

The US has agreed to take in 110,000 new refugees in the 2017 fiscal year – which begins on 1 October- compared with the 85,000 refugees it expects by the end of September.

Mr Obama used his eighth and final UN address as president to call for a “course correction” to ensure that extremism and violence does not drive countries into a more divided world.

“Together, now, we have to open our hearts and do more to help refugees who are desperate for a home,” he said.

Though he made no direct mention of the US, Mr Obama said wealthy countries with the resources should do more to help.

In what appeared to be a dig at Republican presidential candidate Donald Trump, he added: “The world is too small for us to simply be able to build a wall and prevent (extremism) from affecting our own societies.”

Hours earlier, UN Secretary General Ban Ki-moon also expressed concern over the conflict in Syria, saying there was “no military solution”.

“Gulfs of mistrust divide citizens from their leaders. Extremists push people into camps of ‘us’ and ‘them’,” Mr Ban said, taking the world stage for the last time as secretary general.

“The Earth assails us with rising seas, record heat and extreme storms. And danger defines the days of many.”

———-

“Mr Obama used his eighth and final UN address as president to call for a “course correction” to ensure that extremism and violence does not drive countries into a more divided world.”

thats your legacy barry..a more divided world..

and of course there is no show without punch..the moon man..making sure we dont forget about the rising seas and droughts..blah blah blah..

401


Filed under: Canada, Germany, USA, World News ...

08:30

THE FEDERAL RESERVE ADMITS: US ECONOMY IS IN CRISIS! (Video) The Daily Coin

The Stock Market Is Topping: Debt Bubble Hyper-Critical. By Gregory MannarinoYT Comment Bruce M We are all waiting to find out what will be that needle which pierces the bubble(s). Its not going be the Fed……so what then? It could be oil boom in Texas and North Dakota that has gone essentially bust. This has now led to a bunch of real estate on the…

08:28

Russian and Syrian Air Forces did not strike UN aid convoy in Aleppo..US says they did! Follow The Money

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https://www.rt.com/news/359990-russia-denies-aleppo-strike/

Russian and Syrian warplanes did not launch airstrikes on an aid convoy that was attacked en route to Aleppo, the Russian Defense Ministry said. The ministry added that only the militants who control the area had information regarding the location of the convoy.

Russian and Syrian warplanes did not carry out any airstrikes on a UN humanitarian aid convoy in the southwest of Aleppo,”  Defense Ministry spokesman Igor Konashenkov said in a statement Tuesday.

The Russian Center for Reconciliation said that it had used drones to accompany the convoy because its route passed through territory controlled by the rebels, but only to a certain point.

Around 13:40 Moscow time (10:40 GMT) the aid convoy successfully reached the destination. The Russian side did not monitor the convoy after this and its movements were only known by the militants who were in control of the area,” Konashenkov added.

The Defense Ministry spokesman said that the Russian military had been looking at video footage from the scene and that there was no sign of the convoy being targeted by shells or an airstrike.

“We have closely studied the video footage from where the incident took place and we did not find any signs of any ammunition having hit the convoy. There are no craters, while the vehicles have their chassis intact and they have not been severely damaged, which would have been the case from an airstrike,” Konashenkov said.

“All of the video footage demonstrates that the convoy caught fire, which strangely happened almost at exactly at the same time as militants started a large scale offensive on Aleppo.”

The Red Cross said that at least 20 civilians and one aid worker had been killed after what the organization believed was an airstrike struck the 31-truck convoy.

http://www.bbc.com/news/world-middle-east-37424871

The US has said it holds Russia responsible for a deadly attack on an aid convoy near the Syrian city of Aleppo on Monday.

The White House has called the incident an “enormous humanitarian tragedy”.

Meanwhile, US officials have told the BBC that two Russian war planes were responsible for the attack.

But Russia strongly denies involvement of its own or Syrian planes, and says the incident was caused by fire on the ground and not by an air strike.

———-

so who did it?

another false flag?

russian jets or coalition jets?..or was it none of the above and the real reason is lost in the fog of war?

401


Filed under: Russia, Syria, USA, World News...

08:10

Ignore the Fed, Something MASSIVE is Brewing in Europe’s Banks The Daily Coin

bank public domainThe Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political. From a financial perspective, the Bank of Japan is well aware that its current tools cannot and will not generate sustained GDP growth. Bank of Japan head Haruhiko Kuroda implicitly admitted back in January that regardless of…

08:00

Elements Podcast: Gold (Au) The Big Picture

    I had some fun doing the BBC podcast Elements — a series on all of the elements in the periodical table; my segment was (naturally) on Gold: Why do we value this practically useless metal so highly? And does it bring out the worst in human nature? In a second look at this most…

Read More

The post Elements Podcast: Gold (Au) appeared first on The Big Picture.

07:50

Cold War Heats Back Up (Podcast) The Daily Coin

tfmetalsAfter the optimism of a cease fire in Syria last week, this week’s Batchelor-Cohen update is back to full Cold War mode after the US struck Syrian army positions over the weekend and an aid convoy was also attacked by unknown forces. This mess only seems to worsen by the week, which is why you…

07:31

Which is Worse: A Busted Pipeline or a Politician with a Case of the Do-Somethings? Mises Blog

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Which is Worse: A Busted Pipeline or a Politician with a Case of the Do-Somethings?

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Economists have a grumbling and cynical stereotype. This might be because even the most basic economic principles are ignored by those who should know better and vehemently denied by those who don’t.

Case in point: a restricted supply of gasoline is expected across the Eastern United States because of a busted pipeline, and state governors enact price ceilings to keep the price of gasoline artificially low.

In Alabama, Governor Bentley forbade “unconscionable prices for the sale of any commodity” in his State of Emergency proclamation.

Governor Deal did the same in Georgia. The Georgia Consumer Protection Bureau even has a Price Gouging Form, for citizens to tattle on other citizens for providing a good that is in more limited supply than usual. The website says, “Businesses may not sell motor fuel products, including gasoline, at prices higher than the prices at which those same products were offered before the declaration of the State of Emergency.”

Even first-year economics students know that when the price of a good is set arbitrarily low by government decree, the quantity demanded is greater than the quantity supplied. In other words, a shortage emerges.

The Function of Market Prices

Market prices are the result of an agreement between buyers and sellers of a good. All of the information deemed relevant by those buying and selling is incorporated into their preferences for the good. Sellers want higher prices and buyers want lower prices, but both are constrained. Buyers must outbid other buyers if they want it enough and sellers must underbid other sellers to attract buyers.

If the total stock of some good increases, buyers are only willing to pay lower prices and sellers, too, are willing to accept lower prices. This is because of the law of diminishing marginal utility. Additional units of a good must necessarily go toward the satisfaction of less urgent ends.

If the total stock of some good decreases, the opposite occurs. The marginal unit now satisfies a higher ranked end for both the sellers and the buyers. Prices increase. Nevertheless, the good is economized. Only those willing to pay the most and those unwilling to sell at lower prices acquire and keep the good. The good is reserved for the most valuable and important uses.

When the price of a good is legislated to be lower than what market participants would have, this delicate balance is tossed out the window. Resources aren’t economized and long lines stretch across our cities. Sellers hold back and buyers waste the good on less urgent uses.

Therefore the governors, far f...

07:30

Rioting In North Carolina – Human Animal DNA – Ai Danger – NuclearAttack (Video) The Daily Coin

warThe banking cabal has been in charge for far too long. The endless ponzi schemes like QE, ZIRP and the US dollar itself. The world reserve currency is the US dollar and this has allowed the US Treasury, in conjunction with the Federal Reserve, to export our inflation to other countries around the world. The…

07:29

Wall Street Goes “All In” for Hillary Clinton Max Keiser and Stacy Herbert

Screen Shot 2016-09-21 at 10.42.57 AM

Wall Street, America’s most despised industry, is putting all of its eggs in the Hillary Clinton basket. I must say, I’m actually pretty shocked at the extent to which the industry’s heavyweights are backing her. There’s really only one explanation — they know she’s a sure thing.

Read the rest here.

07:24

Just Plain Pathetic David Stockman's Contra Corner

We are speaking, of course, of the Fed’s decision to punt yet again, and for a reason that is not mysterious at all. To wit, our financial rulers are petrified of a stock market hissy fit, and will go to any length of dissimulation and double-talk to avoid triggering a crash of the very bubbles their policies have inflated.…

07:10

The Housing Market Is Going To Crash Again The Daily Coin

housing dollarI’ve worked through four bubbles – they all end the same…I think the flippers in Denver metro are driving the under $400,000 price to a frenzy and the over $500,000 in the burbs are dropping in price. Some of these flippers have 8-10 houses at the same time. A little jiggle and they will dump.…

07:02

The Fed begins to see the light TheMoneyIllusion

Each Fed statement, they inch a bit closer to market monetarism.  The newest statement lowered the forecasts for the future level of interest rates (the so-called dot plot) by about 50 basis points.  That’s still too high, but no longer as out of touch as they were a year or two ago.  Kudos to Kocherlakota and Bullard for seeing the light before the rest of the FOMC.  The long-term trend RGDP growth estimate was lowered again, this time from from 2.0% to 1.8%.  That’s still too high, but it’s getting closer to my estimate of 1.2%.  (The actual growth rate over the past decade has been 1.28%, but I believe the trend is still slowing.)

Question:  Has any school of thought been more accurate than market monetarism (over the past 8 years) regarding these issues:

1.  QE is expansionary.

2.  Negative IOR is expansionary.

3.  Forward guidance can be expansionary.

4.  Low rates are here to stay.

5.  Inflation won’t be a problem.

6.  NGDP and RGDP growth will be slower than the Fed expected.

7.  Sweden erred in not following Svensson’s advice.

8.  Trichet screwed up in 2011.

9.  Monetary policy would offset fiscal austerity in 2013

10.  Cross-sectional evidence for fiscal stimulus vanishes when confined to countries with independent monetary policy.

11.  Denmark would not be forced to revalue their currency upwards.

12.  Ending extended unemployment insurance in 2014 would accelerate job growth by about 1/2 million.

13.  Abenomics would increase Japan’s inflation rate.

14.  Switzerland would make their zero bound problem worse by revaluing the franc.

15. “Austerity” would not stop the UK unemployment rate from falling to full employment.

06:56

In The News Today Jim Sinclair's Mineset

As China prepares to announce their gold reserve amount by end of the month, debate over gold backed Yuan increases sharplySeptember 21, 2016 As part of their requirements to enter into the SDR basket of currencies in October, China will soon be revealing the quantity of their gold reserves sometime between now and Sept. 30.... Read more »

The post In The News Today appeared first on Jim Sinclair's Mineset.

06:22

FOMC, Not Surprisingly, Holds on Interest Rates Again Mises Blog

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FOMC, Not Surprisingly, Holds on Interest Rates Again

  • Janet Yellen You want a piece out of me?
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The Federal Open Market Committee (FOMC) decided yet again today to hold off on raising the target federal funds rate. Not much changed in the language of the FOMC statement, with the Fed believing that the labor market continues to strengthen and that economic activity is picking up. The FOMC continues to see economic activity expanding, the labor market strengthening, and thus a stronger case for an increase in the federal funds rate. Perhaps the only shocking part of today’s FOMC statement was that there were three dissensions from the decision. Kansas City Fed President Esther George, Cleveland Fed President Loretta Mester, and Boston Fed President Eric Rosengren all dissented, each favoring a rise in the federal funds rate to 1/2 to 3/4 percent.

While there had been some discussion of a surprise rate rise today, and the dissent of three FOMC members shows indications that a rate rise may very well be around the corner, news of today’s Bank of Japan monetary policy action may have also played a role in the Fed’s decision not to raise rates today. Tightening monetary policy, no matter how loose it still remains, while other central banks continue to loosen, will only exacerbate the effects of the Fed’s actions. Perhaps the Fed is just taking a wait and see approach to see what happens in Japan and Europe before it decides to go ahead with another rate hike. Let’s hope that someone asks that question in this afternoon’s press conference.

Originally posted at the Carl Menger Center.

20 hours ago
Note: The views expressed on Mises.org are not necessarily those of the Mis...

06:17

Italy's Earthquake: Will It Revive Their Economy? Mises Blog

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Italy's Earthquake: Will It Revive Their Economy?

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On the night between the 23rd and the 24th of August, panic hit the central cities of Italy in the wake of an earthquake of magnitude 6.0 on the richter scale. 295 deaths, 293 severely damaged medieval churches, and semi-destroyed cities (including Amatrice, Accumoli, and Pescara del tronto) were the result.

In light of this tragedy, instead of reconsidering the role of free markets and property rights — thereby questioning the economic and social implications of keeping the security of an entire population in the hands of the most byzantine bureaucracy in Europe (it costs the Italian public 30 billion euros per annum) — politicians and journalists have clung to another question: “who’s to blame for the disaster?” Just as every other question formulated by the political-intellectual elite, it was soon to be followed by: “how much more to spend?”

Anxious of finding “the bad guy,” newspapers and different public figures have embarked upon some witch hunting. Among them were some conspiracy theorists — like Gianni Lannes — who blamed NATO and its the secret program of aerosol chemotherapy, as the real homo faber of this natural calamity. Another absurdity came from Daniela Martani — a particularly respected figure in the vegan movement — who went as far as to say that the earthquake was just the karma revolting against Amatrice (epicenter of the earthquake) for being the birthplace of the “meaty” pasta all’amatriciana. Particularly significant were the words that the Bishop of Rieti pronounced during the funeral of the victims, “Earthquakes do not kill, Man’s works do.” Other journalists, instead, have pointed their fingers at tax evasion on the side of the citizenry, which, in their opinion, subtracted the necessary funds from the government which should have gone into the building of anti-seismic infrastructures.

The intellectual climate which has dominated in the aftermath of the earthquake, can therefore be said to have oscillated between those who blame the government for having too few resources, and those who see the earthquake as a product of man’s evil actions. Yet this distinction is only superficial, since both groups use different expedients in order to arrive at the same objective: the expansion of public control, through more spending and more regulatory programs, across the private sphere. In fact, while reds advocate a restraint on individual liberty for the purpose of curta...

05:36

David Stockman Interview: Why The Rule Of The Wall Street/Washington Elite Is Finished David Stockman's Contra Corner

David A. Stockman became famous as President Ronald Reagan’s budget director in the 1980’s making history as the youngest cabinet member in the 20th century. Before winning his well earned nick name of “Father of Reaganomics” and his reputation of a tough negotiator with House Speaker Tip O´Neill , Stockman was a three time Michigan Congressman and recently wrote …

05:30

Hillary Clinton Skips Her $100,000-a-plate Lunch (Video) The Daily Coin

bill stillWhile Donald Trump blew through North Carolina yesterday with two standing-room-only rallies brimming with cheering crowds; Hillary Clinton had to postpone a – catch this – a $100,000 per plate luncheon fundraising event in a private home in Chapel Hill. Your $100,000 got you a “chair reception with Hillary”. Wow! Does that mean you get…

05:30

Is it Junk or Is it Art? Mises Blog

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According to The Daily Mail, a recent study suggests that people value ordinary objects differently depending on what they are told about the objects 

According to the new research, being told that something is art automatically changes our response to it, both on a neural and a behavioural level. 

In this case, researchers in Rotterdam, Netherlands told subjects to rate how they valued objects in photographs. When told those objects were "art" people valued them differently. 

In other words, the perceived value of objects could change without any additional labor added to the objects, and without any physical changes at all. 

The value, it seems, is determined by the viewer, and we're reminded of Carl Menger's trailblazing observations about value

Value is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men.

One moment, the viewer may think he's looking at garbage, which he has likely learned is of little value. When told that said "junk" is really "art" then the entire situation changes. (Of course, we would need to see their preferences put into real action via economic exchange to know their preferences for sure.)

The change, as both Menger and Mises understood, is brought about not by changes to the object itself, but by changes in context, and in the subjective valuation of the viewer. 

A glass of water's value in a parched desert is different than that of a glass next to a clean river, Indeed, a glass of water displayed in a museum as art — as in the case of Michael Craig-Martin's "An Oak Tree" — is different from water found in both deserts and along rivers. Similarly, the value of a urinal displayed in a museum as art — as with Marcel Duchamp's "Fountain" — is different from a physically identical urinal in a restroom. 

The Daily Mail article attempts to tie the researchers' observations to the theories of Immanuel Kant on aesthetics. But, one need know nothing about aesthetics at all to see how this study simply shows us something about economic value: it is, to parap...

05:27

Bookstore Considers Co-op Conversion Grassroots Economic Organizing

A Room of One’s Own bookstore is considering transitioning their store into a co-op.

At a meeting Tuesday night, co-owner Sandi Torkildson and University of Wisconsin Cooperative Development Specialist, Courtney Berner discussed what transitioning into a co-op would mean for the bookstore and opened up discussion for people from the community.

Torkildson said since has owned the store for 47 years, she is looking into co-op as an option that would allow the store to remain open but would give her more free time.

Torkildson said this is just a preliminary meeting to help thosee who are interested in the co-op model to meet each other.

Transitioning from a traditional business model into a co-op is a viable option, Torkildson said. Though the bookstore business is not something people get involved in if they want to make a lot of profit since most of the money raised goes back into the store and buying new books, a co-op can help with inventory costs.

Read the rest at the Badger Herald

 

Go to the GEO front page

05:13

Report on Inclusive Sharing Economy Falls Short Grassroots Economic Organizing

 ...those consulted for the research were mostly the for-profit sharing economy companies themselves. There are too few academics, nonprofits, and representatives of low-income communities to offer a balanced perspective. For instance, Airbnb is mentioned 62 times in the report while nonprofits and academic institutions are mentioned sparingly. One of those academic institutions, Stanford Social Innovation Review (SSRI), has written some excellent articles on the sharing economy including, “Nonprofits Should Lead the Sharing Economy,” and “Creating a Sharing Economy that Actually Shares.” The second piece recommends that sharing economy platforms share ownership and governance with users.

Which brings me to a third failing. The report does not include any suggestions on how platforms could share ownership and governance with users, perhaps the best way to ensure that the benefits of the sharing economy are spread more broadly. There was also no mention of platform cooperatives (apps organized as cooperatives where users owners and govern the business), perhaps the most important development toward fairness in the sharing economy. Before the report was published, I also e-mailed these ideas to one of the report’s authors who sought my input. Below is the e-mail I sent, word-for-word. Unfortunately, theses ideas never made it into the report either, a big missed opportunity, which is what I’d conclude about the report given the seriousness of the issue and the tremendous influence of the stakeholders involved.

Read the rest at Shareable

 

Go to the GEO front page

05:10

What is BRICS member India really up to? The Daily Coin

image/youtube screen grabYou may have never heard of LEMOA. In Global South terms, LEMOA (Logistics Exchange Memorandum Agreement) is quite a big thing, signed in late August by Indian Defense Minister Mohan Parrikar and Pentagon supremo Ash Carter. As Carter spun it four months before the signing, LEMOA rules that US forces “may” be deployed to India under special circumstances. Essentially,…

05:02

Dear Friends: PaulCraigRoberts.org

Dear Friends,

This site has some committed supporters determined to keep me working.
You have kept your end of our deal, and I will keep mine. PCR

The post Dear Friends: appeared first on PaulCraigRoberts.org.

04:50

Gerald Celente Issues Major Trend Forecast For The Rest Of 2016 The Daily Coin

image/youtubeWith the world focused on the Fed decision, today top trends forecaster Gerald Celente issued an important trend forecast for the rest of 2016. Trend Alert: BIS Issues Warning As Gold Bides Time (King World News) Gerald Celente — Central Bank policies rule the financial world. Their never-in-the-history-of-the-world negative and historically low interest rate policies, plus massive government and corporate bond…

04:40

Business Historical Research Showcased in The Economist The Past Speaks

We live in an age in which academics are increasingly expected by their paymasters to demonstrate research impact (i.e., that their ivory-tower scribblings are having an impact on practical people and society more generally). For some academic communities, such as the monetary economists who speak to central banks or medical researchers who save lives, demonstrating influence is rather straightforward. For others, it is a bit harder to measure impact, although having one’s research summarised in The Economist is pretty convincing evidence that one’s research is regarded as relevant to managers.

That’s why I was delighted to see that current issue of The Economic has a Special Report on “Superstar” Companies that is filled with historical information and historical analogiesm and crucially, explicitly cites the research of members of the business-history research community, including, of course, the late Al Chandler but also Naomi Lamoureaux.  The explicit citations of the research of business historians can be found in the article titled What goes around: America’s corporate world alternates between competition and consolidation.

I happened to read this article yesterday, right before I visited a business historian and research collaborator at Copenhagen Business School. I showed her the article and we were both pleased to see the researcher of BHC members being highlighted in this fashion.


04:34

Why Washington Had To Wreck The Syrian Ceasefire PaulCraigRoberts.org

Why Washington Had To Wreck The Syrian Ceasefire

Finian Cunningham explains that the CIA and Pentagon had to wreck the Syrian ceasefire in order to prevent the world discovering that there are no moderate Syrian rebels. All of the so-called “rebels” are part of a US organized group of jihadists tasked with bringing chaos to Syria.

Cunningham makes clear that the US has no print and TV media, just a collection of whores who lie for their living.

http://www.strategic-culture.org/news/2016/09/20/why-us-had-kill-syrian-ceasefire.html

The post Why Washington Had To Wreck The Syrian Ceasefire appeared first on PaulCraigRoberts.org.

04:30

Top 5 Times Armed Citizens STOPPED Mass Shootings (Video) The Daily Coin

Guns-Save-Lives-BannerTDC Note – Guns are not the problem. An armed society is a polite society. #### In this video, Rachel Blevins discusses five cases where armed citizens saves lives and stopped mass shootings by jumping into action and utilizing their concealed handguns. YT COmment John Anderson1 hour ago Many more stories than these. It is…

04:11

Scientists are gushing too much Marginal REVOLUTION

Equally, in a world where academics are obliged to offer up each piece of work to be evaluated as internationally significant, world leading etc., they will seek to signal such a rating discursively. A study by Vinkers et al. in the British Medical Journal uncovered a new tendency towards hyperbole in scientific reports. They found the absolute frequency of positive words increased from 2.0% (1974-80) to 17.5% (2014), which amounts to a relative increase of 880% over four decades. 25 individual positive words contributed to the increase, particularly the words “robust,” “novel,” “innovative,” and “unprecedented,” which increased in relative frequency up to 15 000%”). The authors comment upon an apparent evolution in scientific writing to ‘look on the bright side of life’.

That is by Liz Morrish, via Mark Carrigan.

The post Scientists are gushing too much appeared first on Marginal REVOLUTION.

04:10

U.S. Big Banks: A Culture of Crime The Daily Coin

jeff nielsonOrganized crime. This phrase is now a precise synonym for big-banking in the United States. These Big Banks commit big crimes; they commit small crimes. They cheat their own clients; they swindle outsiders. They break virtually every financial law on the books. What do all these crimes have in common? The Big Banks commit all these crimes again and again and again –…

04:00

2:00PM Water Cooler 9/21/2016 naked capitalism

Today's Water Cooler: Clinton Foundation layoffs, Clinton air war, Clinton path to victory, Trump v. political class, Hanjin, shipping banks

03:50

Making your Home a Castle Hidden in Plain Sight The Daily Coin

houseby B.T. Many people do not seek professional advice about home security, because there are many do-it-yourself resources available. This, coupled with a handful of common sense, can get you a long way in home fortification. Let’s talk about how to get these upgrades to work together in a synergistic manner that maintains a low…

03:30

Mounting Evidence: Does Hillary Have Parkinson’s? Exclusive Interview with Dr. Ted Noel (Video) The Daily Coin

hillary-health-problems-public-domainTDC Note – Speculation regarding hillary’s health mounts on a daily basis. It is justified. Her actions, appearance and speech have made it quiet clear that something is wrong – possibly very wrong – with her health. Does it disqualify her? Absolutely. Will obama exercise the clause within the Patriot Act to suspend the election?…

03:25

Daily Data Dive: What Housing Recovery—–SF Starts Still 15% Below 1991 Recession Level David Stockman's Contra Corner

The Commerce Department reported that the headline number for August housing starts was 1.142 million units. This was below the overly optimistic consensus estimate of economists of 1.186 million, and below the July figure of 1.212 million. The numbers are reported on a seasonally adjusted annualized basis, which means that any month to month error…

03:24

Chart Of The Day: Exactly What “Neglected” Defense, Donald? David Stockman's Contra Corner

http://charleshughsmith.blogspot.com/2016/09/the-three-stages-of-empire.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+google%2FRzFQ+%28oftwominds%29  

03:21

The BOJ Goes Truly Nuts——-Behold, The Fiat Yield Curve! David Stockman's Contra Corner

By Tyler Durden Some interesting, and accurate, thoughts in this morning’s edition of Bill Blain’s “Morning Porridge”, who – despite calling this website a “tabloid” in the past – now agrees with what we have claimed all along for the past 7 years. * * * Mint – Blain’s Morning Porridge  September 21st 2016 After…

03:10

25 Herbs and Foods With Natural Antibiotic Properties The Daily Coin

Bulk-Spices-FoodBy Twain Yobra The use of antibiotics has greatly risen in recent years. And it’s not just in humans but in animals as well. This has led to antibiotic resistance and a weak immune system. But did you know that in olden days,  way before pharmaceutical antibiotics, folks fought diseases with herbs and food? Lucky for us, those…

03:07

Surprise! Wall Street Goes “All In” for Hillary Clinton David Stockman's Contra Corner

Hordes of industry executives will descend on the city to celebrate Hillary Clinton’s nomination for president and renew close associations that vexed the Democratic standard-bearer throughout her primary battle with Bernie Sanders.  Blackstone, one of the nation’s largest private equity firms, will hold an official reception in Philadelphia on Thursday featuring its president, Tony James, […]

03:05

Monetary Insanity: When It Doesn’t Work——Just Promise To Keep Doing It Until It Does David Stockman's Contra Corner

On July 14, 2006, the Bank of Japan raised its benchmark overnight rate off zero for the first time since introducing the world to ZIRP in 1999. In doing so, the BoJ noted that the Japanese economy in its view continued to “expand moderately” and that risks inside the economy were “balanced.” The central bank...

03:00

President Clinton Admits “Some” Foundation Donors “Gave Money” To Gain Political Influence The Event Chronicle

President Clinton Admits "Some" Foundation Donors "Gave Money" To Gain Political Influence

By Zero Hedge

President Bill Clinton appeared as a call-in guest on NPR this morning and his remarks regarding pay-for-play allegations surrounding the Clinton Foundation were fairly surprising.  When asked directly whether donors gave money to gain favor with the Secretary of State, Clinton brazenly admitted that “since we had more 300,000 donors, it would be unusual if nobody did.”

That said, Clinton was dismissive of the relevance of the pay-for-play allegations saying it was just “natural for people who had been our political allies and personal friends to call and ask for things.”  Clinton’s comments seemed to echo those of DNC chair, Donna Brazile, who recently told ABC that it was natural for donors to seek access, saying that any questions over the impropriety of such behavior was just an attempt to “criminalize behavior that is normal.”

This new approach to addressing allegations surrounding the Clinton Foundation (i.e. admitting to improper behavior while simultaneously dismissing the seriousness of the charges) seems to be a coordinated strategy between the DNC, the Clinton Foundation and the Hillary campaign.  Just last week, Clinton Foundation CEO, Donna Shalala, admitted that there was “no question” that Foundation donors received “courtesy appointments” but simultaneously dismissed the behavior as completely normal in Washington politics.

Here is the relevant exchange between Bill Clinton and Steve Inskeep from NPR:

Steve Inskeep (NPR):  

“Do you think over the years, Mr. President that there were people who donated to the Foundation thinking that they’re building a relationship wit you, that they’re building a relationship with Hillary Clinton and that you guys might be back in the White House some day?”

Bill Clinton:  

“Well, since we had more than 300,000 donors, it would be unusual if nobody did.  The names I saw in the paper, none of them surprised me and all of them could have gotten their own meeting with Hillary.  When you’ve been doing this kind of work as long as we have, you know the people who are the major players.

And also, some of them who call my staff, people were doing double duty back then, and I had an office of the former president when it was natural for people who had been our political allies and personal friends to call and ask for things.  I trusted the State Department wouldn’t do anything they shouldn’t do, from a meeting to a favor.”

Maybe some of them gave money for that reason [to gain political influence], but most of them gave it because they liked what we were doing.”

The full interview is available for your listening pleasure below (segment on donors starts at 4:55):

Source:...

03:00

No, Unions Don't Increase Everyone's Wages Mises Blog

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No, Unions Don't Increase Everyone's Wages

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2016’s edition of Labor Day followed a well-established tradition — unions claiming credit for every worker gain. Among their most common assertions, often incorporated in attributing negative wage trends to eroding union power, was that unions raise all workers’ wages. Unfortunately, unions retard rather than raise others’ real earning power.

Unions leverage special government-granted powers (e.g., unique exemptions from antitrust laws) allowing current employees to prevent competition from others willing to do the same work for less. This is a form of collusion that, done by any business, would be legally prosecuted.

The higher union wages that result are then credited for raising all workers’ wages because they supposedly force up other employers’ wages to keep their workers from leaving for those better-paying alternatives. However, their claim cannot be true without violating the law of demand.

Higher Wages, Fewer Jobs 

Higher wages from unions’ government-imposed monopoly power would push up others’ wages only if it increased the number of such high paying jobs. The reason is that employers need only outbid employees’ actual options to retain them. But by artificially forcing up the cost of hiring their workers, unions reduce rather than increase the number of such jobs offered by employers, reflecting the reduced output consumers will buy at the higher costs and prices that result. Instead of improving the alternatives available to non-union workers, they are worsened, as the displaced workers are forced into competition with others for non-union jobs.

Those displaced workers increase the labor supply for non-union employment. That pushes wages for all workers in those jobs down, not up. Consequently, union wage premiums do not benefit all workers; benefits come primarily from other workers’ pockets.

With only about 7% of America’s private sector workforce remaining unionized, union power therefore cuts the real incomes of 13 out of 14 workers. And since unions also hike government service costs directly, as well as through other cost-increasing policies (e.g., the Davis-Bacon Act and Project Labor Agreements) which big labor’s political clout has pushed through, all other workers are also harmed as taxpayers.

Union Opposition to International Trade

Unions have also used the same “big lie” technique of constantly repeating the opposite of the truth as fact in other areas. For example, aware that their monopoly power to exclude competing workers stops at the border, unions have long been the core backers of p...

02:54

Janet Says No Bubbles In Sight—Just Crowdfunded House Flippers Borrowing At 14% David Stockman's Contra Corner

By Tyler Durden “It’s the greatest thing in the world,” exclaims Alex Sifakis – the 33 year old Florida ‘flipper’ – saying he has never raised this much money this fast (despite teh 14% cost of capital). As Bloomberg reports, house flippers and property developers are increasingly crowdfunding — tapping the virtual wallets of anonymous internet backers on various…

02:52

David Stockman On Why The Reagan Revolution Failed And Trump Arose David Stockman's Contra Corner

Ameera David & Edward Harrison, RT, Released on 9/20/16 “We’ve ended up with what I call a mutant form of crony capitalism.” David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later…

02:52

$195 Billion Asset Manager: “The Time Has Come To Leave The Dance Floor” David Stockman's Contra Corner

By Tyler Durden We find it surprising how, having covered the unprecedented growth in US corporate debt over the past few years, which has more than doubled from $2 trillion at around the time of the financial crisis to approximately $6 trillion currently… … resulting in a debt/ETBIDA ratio that has never been higher… … some are…

02:50

David Stockman Warns: The Elections Will Bring Pandemonium To Washington and Chaos To The Markets David Stockman's Contra Corner

By Yahoo! Finance Donald Trump has made repeated calls to remove Fed chair Janet Yellen from office, saying that she should be ‘ashamed’ of what she’s doing to the country. So what exactly would a Trump presidency mean for the Fed and for the markets? We speak with David Stockman, former Office of Management and…

02:50

Deep State America The Daily Coin

earth gold dollarOn September 9th the Washington Post featured a front page article describing how the Defense Department had used warplanes to attack targets and kill suspected militants in six countries over the Labor Day weekend. The article was celebratory, citing Pentagon officials who boasted of the ability to engage “multiple targets” anywhere in the world in what has become a “permanent…

02:45

Memo To Kuroda: It Doesn’t Work! David Stockman's Contra Corner

What good is a target or even an emphatic commitment to it if you have already proven you can’t achieve it? So far the only “market” that really counts isn’t buying the new promises, either. We’ll see if that is just a knee-jerk reaction or if it re-ignites the contrary “dollar” trend that had so...

02:35

Amid all the Brexit uncertainty, a clearer picture is emerging Resolution Foundation

Among the many things that feel different in the post-referendum world, there is an unusual air of anticipation surrounding what would previously have been considered relatively underwhelming statistical releases. Today we were treated to a quartet of such publications. On the face of it they appear to point in different directions, allowing commentators on both sides of the Brexit debate to pick and choose their preferred conclusion. But in practice they help to sharpen the post-vote picture that is slowly emerging from a range of expert analysis. It’s a picture that contains three strands.

First, there has been no Brexitgeddon. Or rather, there’s nothing in the data yet available that shows any significant immediate shift in output or spending. As today’s ONS note (a very brief assessment of the official data published since 23 June) shows, we’re not as yet seeing the sharp drop in sterling feeding through into inflation. Likewise employment numbers appear unaffected, while consumer spending also remains strong. Annual house price growth of 8.3 per cent in July certainly seems to fly in the face of many Brexit warnings.

But, while some within the Remain campaign may have talked up the prospect of the economy grinding to an immediate halt in the event of a vote to Leave, such short-term effects were always unlikely to arise. Instead, the second theme emerging in the data is that the risk to the economy in the medium-term remains real.

The scale of any slowdown in future growth is a matter of considerable debate – and few economists are predicting an actual recession – but there is a clear consensus that the Brexit effect will start to build over the coming year. For instance, today’s Interim Economic Outlook from the OECD points to a halving of growth projections for 2017 (1 per cent instead of the 2 per cent predicted back in June).

More starkly, the average growth projection across the independent forecasts collated by HM Treasury is down from 2.1 per cent pre-referendum to just 0.7 per cent today. That’s equivalent to a £30 billion reduction in the size of the economy in 2017 relative to previous expectations. While that’s a little less dramatic than the figure implied by earlier post-referendum revisions, it’s worth remembering that many of these projections will now include the offsetting effects of the £170 billion stimulus package delivered by the Bank of England in August.

How accurate these revisions prove will depend to some extent on how businesses and consumers respond to each other’s moods in the period ahead of full Brexit. That’s because the third theme confirmed by today’s releases is that business pessimism post-referendum stands in clear contrast to consumer confidence.

The Bank of England’s summary of business conditions describes some improvement in business sentiment since July, but still points to lower turnover and falling investment growth over the past three months – especially in business services and commercial real estate. Employment intentions have slowed across a number of sectors, such that the overall implication is that staffing levels will be flat over the coming six months, as the chart shows.

...

02:30

Earthquake, Solar News, Mars Life? (Video) The Daily Coin

Solar Alert, Flaring/Sunspots, Sun-Triggered TsunamisOur world is changing, in my opinion not because of “global warming” or “climate change” but by the forces of nature. Our planet has been spinning for some time, billions of years, so, it only makes sense there would be constant change. The “ring of fire”, the New Madrid Fault Line, tectonic plate shifts are…

02:20

Wednesday assorted links Marginal REVOLUTION

1. Redux on my 2013 post “A simple theory of recent American intellectual history.

2. Shanty mega-structures.

lagos-05_makoko-canal_1200

3. Adam Gopnik on Jane Jacobs.

4. “A dedicated hedgehog officer has started work after seeing off worldwide competition for the role.” (the culture that is Ipswich)

The post Wednesday assorted links appeared first on Marginal REVOLUTION.

02:20

North Carolina Mob Attack Female Truck Driver – Police Refuse to Help, Desperate Calls To Media Chopper… The Daily Coin

preparedness economy city public domainFollowing an officer involved shooting in Charlotte North Carolina yesterday a mob of angry protestors assembled. Immediately the protesting mob began attacking police officers and vehicles. The mob clashed with police and riot squads were called, tear gas deployed.  – FULL DETAILS – The mob grew into approximately a thousand people who then moved collectively onto interstate…

02:10

Do you know where those gold maples have been? Canadian Mint doesn’t either The Daily Coin

goldCanadian Mint Employee Accused of Smuggling $180,000 of Gold in His Rectum By Kelly Egan Ottawa Citizen Tuesday, September 20, 2016 http://ottawacitizen.com/news/local-news/egan-170k-in-mint-gold-allegedl… An employee of the Royal Canadian Mint allegedly smuggled about $180,000 in gold from the fortress-like facility, possibly evading multiple levels of detection with a time-honored prison trick. Hiding the precious metal up…

02:10

Crapifying Medicare with the New MACRA Program naked capitalism

New Medicare reimbursement program, MACRA, will further crapify the physician's workplace.

02:03

Charlotte Police Shooting Protesters RIOT (VIDEO) North Carolina The Daily Coin

uprising-north-carolina-public-domainYT Comments Susan Lyons This looks just like the migrants in Calais France who have ruined the town and terrorized the people. They simply do not seem to evolve to any degree of higher intelligence. FemaleLeo67 and people ask…”Why do you need a gun like a AK-47???” HERE IS YOUR DAMN REASON WHY!!!! MFers attack…

02:00

Winner Takes All The Big Picture

From Bloomberg: “The share that the top 1 percent of earners in the U.S. take from total wages has almost doubled since the 1970s, and Alexey Gorn, a researcher at Bocconi University in Milan, Italy, suggests it may have something to do with the simultaneous rise of professional recruitment firms . . . The top…

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The post Winner Takes All appeared first on The Big Picture.

02:00

Household Net Worth: The “Real” Story Financial Sense

Let's take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net worth that peaked in Q4 2007 with a trough in Q1 2009, the same quarter the stock market bottomed.

Jim Rogers: ‘Central Banks Are Losing Their Power…Thank Goodness’ (Video) The Daily Coin

jim rogers public domain“In Decembers they will raise rates, or the markets will raise rates…The market is much more powerful than the Federal Reserve. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors…

01:50

Silver Returns to Its Historic Role The Daily Coin

silverDo you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of silver coins? If not, you should. In an extreme social or infrastructure breakdown — where banks, ATMs and store scanners are offline — silver coins…

01:32

Chelsea Manning’s formal charge sheet related to July suicide attempt Fight for the Future

The text below appears on a “Formal Charge Sheet” provided to Chelsea Manning by U.S. Army Officials. It was dictated in full over the phone to a supporter. Inquiries, contact: press@fightforthefuture.org

10-August-16

FORMAL CHARGE SHEET

Charge: Resisting the FCMT (Causing the FCMT to be activated)
Category: ACC(pp) CAT IV
Specification: On 5 July 2016, at approximately 01:00, you attempted to commit suicide, resulting in the activation of the Force Cell Move Team. You are violation of ACC Policy Letter 16 (link), any action taken that causes the FCMT to be activated, even if it is not used, is a Category IV offense. (CAT IV, V)

Charge: Conduct which threatens
Category: ACC(m) CAT IV
Specification: On 5 July 2016 your intentional actions caused a double pals activation and cease movement order which interfered with the good order, safety, and running of the facility. You are in violation of ACC Policy Letter 16,  which prohibits any conduct which interferes with the orderly running, safety, good order and discipline, or security of the facility. (CAT IV)

Charge: Prohibited Property
Category: ACC(mm) CAT III
Specification: On 5 July 2016, after an inspection of your cell, you were found to be in possession of an unmarked book. You are in violation of ACC Policy Letter 16 because anything not specifically authorized by proper authorities to be in a prisoner’s possession is prohibited. Prisoners must obtain and receive written permission from the Facility Commander, or authorized representative, to possess any item not authorized by facility policy or staff. Any item not specifically authorized and found in a prisoner’s possession will be considered prohibited property. Possession of prohibited property obtained from trash receptacles, or that which was discarded in any other way by prisoners and staff is prohibited. Property that has been altered from its original form without facility authorization will be considered prohibited property. (CAT III)

I acknowledge I have read, or have had read to me, the above charges on:

CHELSEA’S SIGNATURE                                            9 - Sep - 2016 (handwritten)

MCC Form 67-2 7-Sep-14

01:30

Japan’s New Framework of Hyperinflationary Failure The Daily Coin

andy hoffmanAm I allowed to start with Deutsche Bank?  Or do I have to defer to the Bank of Japan’s Keystone Kops; who once again laid a giant goose egg?  Who, beyond a shadow of a doubt, proved they have not a clue what they are doing – in dramatically accelerating the pace at which the…

01:20

The Three Stages of Empire Max Keiser and Stacy Herbert

Though Edward Luttwak’s The Grand Strategy of the Roman Empire: From the First Century CE to the Third is not specifically on the rise and fall of empires, it does sketch out the three stages of Empire.

Here is the current context of the discussion of Imperial lifecycles: the U.S. defense budget is roughly the same size as the rest of the world’s defense spending combined:

Luttwak describes the first stage of expansion thusly:

“With brutal simplicity, it might be said that with the first system the Romans of the republic conquered much to serve the interests of the few, those living in the city–and in fact still fewer, those best placed to control policy.”

The second stage spread the benefits of Empire much more broadly:

“During the first century A.D., Roman ideas evolved toward a much broader and altogether more benevolent conception of empire… men born in lands far from Rome could call themselves Roman and have their claim fully allowed, and the frontiers were efficiently defended to defend the growing prosperity of all, and not merely the privileged.”

The third stage is one of rising inequality:

“In the wake of the great crisis of the third century, the provision of security became an increasingly heavy charge on society, a charge unevenly distributed, which could enrich the wealthy and ruin the poor. The machinery of empire now became increasingly self-serving, with its tax collectors, administrators and soldiers of much greater use to one another than to society at large.

That line describes the American state and central bank perfectly. The burdens of an increasingly self-serving hierarchy are falling most heavily on the middle and upper-middle class, while bread and circuses (i.e. Medicaid-paid opiates) are freely distributed to the restless masses to distract them from the immense concentration of wealth and power at the top of the pyramid:

At some point, Collapse Is Cheaper and More Effective Than Reform (November 5, 2015). The third stage Luttwak describes can be broken down into a chart of theLifecycle of Bureaucracy, for every Imperial Project is ultimately the combination of a vast concentration of wealth/power and the sclerosis of self-serving bueaucracies that serve themselves rather than society at large:

I consider it self-evident that we are in the third and final stage of self-serving Imperial decay. That said, we don’t have to follow that trajectory; we can fashion a much better future out...

01:18

David Stockman Interview on Financial Myth Busting David Stockman's Contra Corner

by Dawn J. Bennett How Washington Made Trump America on the Brink. David Stockman, former OMB director & author of the best-seller “The Great Deformation: The Corruption of Capitalism in America,” on how the fed has hollowed out America’s economy, his prospects for a Donald Trump presidency, and his new book, “Trumped! A Nation on…

01:15

Wells Fargo CEO To Tell American People He Is “Deeply Sorry” And “Accepts Full Responsibility”, But Won’t Resign The Event Chronicle

Wells Fargo CEO To Tell American People He Is "Deeply Sorry" And "Accepts Full Responsibility", But Won't Resign

By Zero Hedge

Today at 10am, the US public will be treated to the latest Congressional kangaroo court, when Wells Fargo CEO John Stumpf will tell the Senate Banking Committee that he is “deeply sorry”, and accepts “full responsibility” for unethical sales practices in its retail banking business while apologizing for “not doing more sooner” to address the cause of such behavior.

That said, he will not resign, nor will he propose clawing back any of his pay or that of “sandbagger”-in-chief Carrie Tolstedt’s $125 million parting cash award, as some Democratic senators have suggested. What Stumpf will do, according to his prepared remarks to be delivered today, Stumpf will say there was “no orchestrated effort or scheme” by the bank to encourage problematic sales practices.

“I am deeply sorry that we failed to fulfill our responsibility to our customers, to our team members and to the American public,” Stumpf said in the prepared remarks. “I accept full responsibility for all unethical sales practices in our retail banking business. I am fully committed to doing everything possible to fix this issue, strengthen our culture and take the necessary actions to restore our customers’ trust.”

Stumpf is scheduled to deliver the testimony two weeks after popular anger erupted at the bank which agreed to pay a $185 million fine after regulators found it had opened about two million deposit and credit-card accounts without customers’ consent. Wells Fargo said it fired 5,300 employees over the sales practices during a five-year period ended in March of this year. A House panel is also expected to hold a hearing later this month.

What is notable is the sharp change in tone, which has downshifted to deeply apologetic and is in sharp contrast to his earlier comments. In an interview with The Wall Street Journal one week ago, he blamed employees for allegedly illegal sales practices and defended the bank’s culture, saying that “there was no incentive to do bad things.” It is unclear if upon further recollection he realized that that was an exceptionally silly thing to say.

Rep. Brad Sherman of California, a Democrat on the House Financial Services Committee, said last week that he and others would ask the Consumer Financial Protection Bureau to examine how many Wells Fargo customers had been indirectly hurt by the bank’s sales practices, including how many had their credit reports dinged because the bank opened multiple credit cards for them.

In his testimony, Mr. Stumpf gave details about steps the bank has taken to address the problems and to regain customers’ trust. He said that starting in 2013, the bank analyzed questionable behavior related to account openings at its branches and strengthened internal oversight to fix the problems uncovered. The company had already said, following the announcement of the enforcement action, that it was eliminating sales goals for retail bankers for all products.  “We should have done more sooner to eliminate unethical conduct and unintended incentives for t...

01:10

Backup Power for Your Home The Daily Coin

generator-preparedness-public-domainBlackouts are common occurrences. The emergence of major storms in the recent past has served to emphasize the importance of reliable home backup power . The storms can hit an entire region, disrupting power for millions of people and rendering families homeless even as temperatures drop to all-time low levels. You do not have to go…

01:00

Central Bank Digital Currencies: A Revolution in Banking? The Event Chronicle

Central Bank Digital Currencies: A Revolution in Banking?

By Ellen Brown

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).

But Ben Broadbent, Deputy Governor of the Bank of England, puts a more positive spin on it. He says Central Bank Digital Currencies could supplant the money now created by private banks through “fractional reserve” lending – and that means 97% of the circulating money supply. Rather than outlawing bank-created money, as money reformers have long urged, fractional reserve banking could be made obsolete simply by attrition, preempted by a better mousetrap.  The need for negative interest rates could also be eliminated, by giving the central bank more direct tools for stimulating the economy.

The Blockchain Revolution

How blockchain works was explained by Martin Hiesboeck in an April 2016 article titled “Blockchain Is the Most Disruptive Invention Since the Internet Itself“:

The blockchain is a simple yet ingenious way of passing information from A to B in a fully automated and safe manner. One party to a transaction initiates the process by creating a block. This block is verified by thousands, perhaps millions of computers distributed around the net. The verified block is added to a chain, which is stored across the net, creating not just a unique record, but a unique record with a unique history. Falsifying a single record would mean falsifying the entire chain in millions of instances. That is virtually impossible.

In a speech at the London School of Economics in March 2016, Bank of England Deputy Governor Ben Broadbent pointed out that a Central Bank Digital Currency (CBDC) would not eliminate physical cash. Only the legislature could do that, and blockchain technology would not be needed to pull it off, since most money is already digital. What is unique and potentially revolutionary about a national blockchain currency is that it would eliminate the need for banks in the payments systemAccording to a July 2016 article in The Wall Street Journal on the CBDC proposal:

[M]oney would exist electronically outside of bank accounts in digital wallets, much as physical bank notes do. This means households and businesses would be able to bypass banks altogether when making payments to one another.

01:00

Training the Middle East’s Future Health-Care Professionals Project Syndicate RSS-Feed

The Middle East’s public-health challenges today are enormous, and it has too few clinicians to address them. As the region continues to grow, its stability and prosperity will depend on countries' ability to revamp health-care education to attract more students from the region and foster innovation.

01:00

The Unseen Revolution in Chinese Finances Financial Sense

New data from China's National Bureau of Statistics suggest that sweeping changes may be taking place in the country's financial system, though largely away from the public eye. On Sept. 14, the bureau reported that Chinese...

Markets Cheer BOJ Announcement Financial Sense

Much of what the Bank of Japan announced today had been largely leaked. While there was a sizable response in the asset markets, the dollar's knee-jerk gains against the yen were quickly unwound. The BOJ lifted its self-imposed...

Gold Prices Rise Before Fed as Yen Defies Bank of Japan's Urgent New Inflation Plan Financial Sense

Gold prices rose sharply against all major currencies except the Yen on Wednesday, touching 1-week Dollar highs ahead of the US Fed's long-awaited September decision on interest rates as world stock markets rose after the Bank of Japan...

US Government Embraces Self-Driving Vehicles: “Rise of New Technology Is Inevitable” Financial Sense

Today the US Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) issued their long-awaited report onAutomated Vehicles Policy. The report, Accelerating the Next Revolution in...

00:53

Why the BOJ policy move (mostly) lacked credibility TheMoneyIllusion

The BOJ’s recent decision is likely to end up being far more important than anything the Fed does or does not do today.  But as of now it raises more questions than answers:

1.  The BOJ announced it would cap 10-year bond yields at 0%, and also that it would attempt to overshoot its 2% inflation target.

2.  The BOJ did not announce lower IOR or more QE.

Today’s market reaction is hard for me to gauge.  The initial reaction was clearly positive, as stocks rose nearly 2%, and the yen fell by almost 1%.  Later, however, the yen more than regained the ground it lost.  That doesn’t mean the BOJ action had no impact, just that whatever impact it had was at most slightly more than markets anticipated.

The overshoot promise could be viewed as either Krugman’s “promise to be irresponsible”, or as a baby step toward level targeting.  Martin Sandhu gives a third interpretation—a signal that the target really is symmetrical, despite all the talk about a de facto 2% inflation ceiling in many countries.  There’s no reason that all three interpretations could not be a little bit true—after all, central bank policy is made by committees.

I vaguely recall Bernanke suggesting something like a long term interest rate peg—can anyone confirm?  I have mixed feelings about this idea.  On the one hand, I like moving monetary policy away from a QE/negative IOR approach, and toward a price peg approach.  But I view interest rates as almost the worst price to peg, for standard NeoFisherian reasons.  Are low long-term rates easy money, or a sign that money remains tight?  That’s not at all clear.

Although I am disappointed by the specific steps taken today, these actions do make me more optimistic in one sense.  The BOJ has shown that it’s still willing to experiment, and that it still wants to raise inflation.  Here’s an analogy.  When the Fed first engaged in forward guidance, they did so in a very ineffective manner—low rates for X number of years.  This was criticized as being rather ambiguous—in much the same way the BOJ’s 10-year bond yield cap is ambiguous.  So the next step in forward guidance was to make the interest rate commitment conditional on the economy, a major improvement.  Perhaps the BOJ’s next step will be to switch to price level target, in order to make the size of the inflation overshoot more concrete.  Or maybe instead of capping 10-year bond yields, they’ll peg something more unambiguous, such as the yen against a basket of currencies.  If that’s too controversial (and it probably is) then peg the yen against a CPI futures contract.

The danger is that this specific move won’t work, and the backlash will prevent the BOJ of moving further down the road in the future.  Maybe that’s why the yen reversed course a few hours later.

PS.  It just occurred to me that the 10-year bond yield cap could be viewed as a sort of commitment to enact a policy expected to lead the yen to appreciate by at least 1.68%/year against the dollar (for standard interest parity reasons).  That’s a non-NeoFisherian way of explaining why I’m skeptical.  In the long run, this bond yield cap means that Japanese inflation is likely to be 1.68% lower than US inflation.  They really needed to do the opposite of what the Swiss did early last year—they should have sharply depreciated the yen, and simultaneously raised interest rates.

PPS.  Kudos to Paul Krugman.  Ideas that start out seeming very “ivory tower”, such as promising to be irresponsible, can end up being enacted, at least in part.  Unfortunately, Krugman first proposed that idea unde...

00:50

The Three Stages of Empire oftwominds-Charles Hugh Smith

I consider it self-evident that we are in the third and final stage of self-serving Imperial decay.
Though Edward Luttwak's The Grand Strategy of the Roman Empire: From the First Century CE to the Third is not specifically on the rise and fall of empires, it does sketch out the three stages of Empire.
Here is the current context of the discussion of Imperial lifecycles: the U.S. defense budget is roughly the same size as the rest of the world's defense spending combined:
Luttwak describes the first stage of expansion thusly:
"With brutal simplicity, it might be said that with the first system the Romans of the republic conquered much to serve the interests of the few, those living in the city--and in fact sti...

00:50

Syria Strike Shows Globalists Prefer War to Losing Control The Daily Coin

image/youtubeby James the Russian Analyst Therefore if Dugin is saying that globalists are hellbent on provoking Russia ahead of the U.S. elections this November, and if Russia’s Ambasador to the UN Vitaly Churkin is asking “who exactly is in charge in Washington?”, then Dugin’s latest is more than alarmism. It represents a significant if not…

00:37

BRICS commit to global growth, stability The BRICS Post

(160921) -- NEW YORK, Sept. 21, 2016 (Xinhua) -- (From L to R) Russian Foreign Minister Sergey Lavrov, Indian Minister of State for External Affairs M.J. Akbar, Chinese Foreign Minister Wang Yi, South African Foreign Minister Maite Nkoana-Mashabane and Brazilian Foreign Minister Jose Serra pose for a group photograph during a meeting of foreign ministers from the BRICS nations on the sidelines of a series of UN conferences in New York [Xinhua]

(160921) — NEW YORK, Sept. 21, 2016 (Xinhua) — (From L to R) Russian Foreign Minister Sergey Lavrov, Indian Minister of State for External Affairs M.J. Akbar, Chinese Foreign Minister Wang Yi, South African Foreign Minister Maite Nkoana-Mashabane and Brazilian Foreign Minister Jose Serra pose for a group photograph during a meeting of foreign ministers from the BRICS nations on the sidelines of a series of UN conferences in New York [Xinhua]


Chinese Foreign Minister Wang Yi has praised fellow BRICS member nations for their combined efforts to push for a political solution to the Syrian Civil War but urged the bloc to work diligently to preserve world peace and help promote global growth.

Speaking following a meeting with BRICS foreign ministers on the sidelines of the United Nations General Assembly in New York, Wang said: “We need to continue to be an advocate for using peaceful means, including dialogue and negotiation, to solve global hot spots.”

Russian Foreign Minister Sergei Lavrov seized on Wang’s statement and said that the BRICS members are fully capable of working toward establishing a fairer and more just international order, with better coordination on key political and economic issues.

His comments come amid tension between Russia and the US over the war in Syria, with both sides blaming the other for recent violence – including the US aerial bombardment of Syrian troops and Washington’s accusation that Moscow bombed an aid convoy – and the imminent collapse of a week-old ceasefire.

According to a press release following the meeting of the foreign ministers yesterday, the BRICS nations expressed alarm about the deterioration of stability in the Middle East.

“The international community should work together to pave the way for the political settlement of conflicts through dialogue and negotiations,” the press release said.

The BRICS countries also highlighted Russian efforts “aimed at achieving a political solution to the international crisis in Syria including Russia-US arrangements agreed upon in Geneva on September 9, 2016”.

But the ministers also exchanged views on the recent Hangzhou G20 summit hosted by China, cooperation in fighting terrorism, the 2030 agenda for sustainable development, and climate change.

Wang stressed that BRICS support helped ensure the success of the G20 summit but also called on members of the bloc to “take the lead in implementing the agreements reached at the summit while remaining an engine for global economic growth”.

Their press release “acknowledged the significant outcomes of the G20 Summit, and called for their full implementation, including in the areas of sustainable development goals, climate change, and on innovation and structural reform as drivers of future economic growth”.

The BRICS Post with inputs from Agencies

00:30

Modern Education is Pavlovian Conditioning The Event Chronicle

Common Core Modern Education is Pavlovian Conditioning

Assessing the problems in American public education and academia elicits standard responses that are generally trite and multitude.  “Lack of funding,”, or “adequately trained teachers,” often round out the usual replies, yet system-generated solutions to the perceived problems are always external in nature (especially given the problems are themselves system-generated).

By Jay Dyer

The diagnosis of the causes are also consistently  external, leading to endless debates over appropriation and methodology, ever and always overlooking the actual problem, that academia as an institution no longer functions the way most perceive it.  The very presupposition of the modern debates over education are precisely concerned with how to fix a “broken system,” yet I propose the system is functioning perfectly as it was intended: The goal of public education and academia is not education, but socialization and Pavlovian social engineering.

From its inception, the architects of the American public education system, and its corollary system of “higher education” in the college and university system, were established explicitly for the purpose of reorienting classical modes of pedagogy for “democratic,” “socialistic,” “utopian,” and “egalitarian” techniques of state conditioning that would confer “personhood” on the individual pupil through integration into the collective, allowing for a smoother transition into the Comtean civic religion of scientistic naturalism, paying obeisance to the gods of state, as life would be lived out in the “New Jerusalem” of the public-private cubicle.

These claims are precisely the words of the key founders of American Education, including: John Dewey, J.B. Watson, Horace Mann, James G. Carter, William James, and many others, all intent on inculcating their own religious philosophy of Darwinian scientism, pragmatism and collectivist socialism under the banner of progressive, democratic, secular humanism. It could more properly be titled Americanist Education, where the goal of indoctrination centers around the installment of the decrepit final end of its Enlightenment origins.  As I wrote previously:

The path to Enlightenment skepticism, deism. rationalism and scientism is directly from the empirical theology that even preceded Aquinas in thinkers like Abelard, and was contemporary with Aquinas in people like Ockham.  Though Thomas was not a nominalist, he accepted the same epistemic starting point of the nominalists, namely, empiricism, and empirical based theology, that, again, derives from the analogia entis.  Nominalism is absurd, and certainly worse than Aquinas in many respects, but insofar as they shared the same empirical starting point as Aquinas, they were more consistent.

If God is banished from being directly present in the world through His immanent energies, all that is left is a material world of causation with an unknown deity locked within itself.  That position is deism, and deism quickly leads to atheism.  If sense-data is the only source of human knowledge, and sense-data is therefore the source of knowledge of God,. none of these created causal effects amounts to real knowledge of the divine itself.  The divine is never accessed or experienced at all, just a series of created...

00:28

“We Haven’t Seen This Since The Great Depression” – Gallup CEO Destroys The “Recovery” Lie David Stockman's Contra Corner

By Tyler Durden By Jim Clifton, Chairman and CEO at Gallup The Invisible American I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week. I don’t think it’s true. The percentage of Americans who say they are in the middle or upper-middle class has…

00:25

Abenomics Crushes It——Japanese Exports, That Is! David Stockman's Contra Corner

By Connor Cislo  Japan’s poor exports performance continued in August, with shipments falling for an 11th straight month as a strong yen and tepid global economy undercut demand. Key Points Exports dropped 9.6 percent in August from a year earlier, the Ministry of Finance said on Wednesday. The median estimate of economists surveyed by Bloomberg pointed…

00:23

Trump And The Press—-A Death Struggle The Latter Won’t Win David Stockman's Contra Corner

By Patrick J. Buchanan Alerting the press that he would deal with the birther issue at the opening of his new hotel, the Donald, after treating them to an hour of tributes to himself from Medal of Honor recipients, delivered. “Hillary Clinton and her campaign of 2008 started the birther controversy. I finished it. … President…

00:20

Creating a Learning Generation Project Syndicate RSS-Feed

In recent years, some countries have made far more progress than others, both by increasing the share of young people in school and by guaranteeing the quality of that education. Closing this global education gap must be a top priority for policymakers worldwide.

00:00

DARPA developing mechanically augmented ‘super soldiers’ using motorized exoskeletons The Event Chronicle

DARPA developing mechanically augmented ‘super soldiers’ using motorized exoskeletons

By L.J. Devon

US soldiers are on the verge of evolving in powerful, new, and robotic ways.
Prototypes of new motorized “super soldier” suits are currently being tested. They are designed to give soldiers an edge, showing promise for enhancing a fighter’s endurance and physical ability, reducing fatigue and injury.

DARPA TESTING OUT NEW ‘SUPER SOLDIER’ SUITS THAT REDUCE SOLDIER FATIGUE, INJURY AND LOAD

In September 2011, the Defense Advanced Research Projects Agency (DARPA) launched the Warrior Web program. This program is paving the way for research and development of new “super soldier” suits that are to be fully functional, wearable, mechanically augmented motorized exoskeletons. This battle layer is designed to be secured under a soldier’s typical uniform, going undetected. These suits will help soldiers carry out tasks with more efficiency and speed.

With the new exoskeleton suit, the weight of 100 pounds of gear could be cut in half. The exoskeleton suit will help absorb the weight of soldiers’ gear as they carry it through challenging terrain. The suit is basically designed to put a spring in soldiers’ steps, while absorbing the impacts on their joints. Components built into the suit will reduce stress on a soldier’s joints. This will reduce injuries and fatigue.

“In Warrior Web, we want to explore approaches which make that kind of load feel, in terms of the effort to carry it, as if its weight has been cut in half. That’s the goal,” said Lt. Col. Joe Hitt.

“The number one reason for discharge from the military in recent years is musculoskeletal injury. Warrior Web is specifically being designed to address the key injuries at the ankle, knee, hip, lower back and shoulders,” he said.

‘SUPER SOLDIER SUIT’ MAY ALLOW SOLDIERS TO RUN A FOUR-MINUTE MILE

The suit integrates motors and springs that augment the normal workload carried by the muscles in the legs.

“We’re assessing new technologies that could even allow a Soldier to run a four-minute mile,” Hitt said.

Furthermore, built-in sensors could help measure a soldier’s blood pressure, heart beat and distance traveled. This information could be managed by squad leaders on and off the battle field to assess soldiers’ health conditions in real-time battle conditions.

In the first phase of the Warrior Web program, nine prototype suits were tested on soldiers during a 21-week period. The soldiers put the suits to the tests at the Soldier Performance and Equipment Advanced Research Facility at Aberdeen Proving Ground in Maryland. Scientists from the Army Research Laboratory Human Research and Engineering Directorate assessed the results, honing in on five key areas.

The areas studied include core injury mitigation, comprehensive analytical representations, regenerative kinetics, adaptive sensing and control, and suit human-to-wearer interface.

“We can have Soldiers wearing the system walking on the treadmill, measuring how hard the foot hits the ground and how hard their muscles are working, and then have them immediately go outside and climb over stumps and downed trees and walk through water to their ankles if we want them to,” said Michael LaFiandra, chief of the Dismounted Warrior Branch at the US Army Research Laboratory. “We’re also developing ways of capt...

Wednesday, 21 September

23:52

Bank of Japan alters course … sort of The BRICS Post

BOJ Governor Haruhiko Kuroda has analysts scratching their heads as the new policy shift appears to alter quantitative easing, but not really [Xinhua]

BOJ Governor Haruhiko Kuroda has analysts scratching their heads as the new policy shift appears to alter quantitative easing, but not really [Xinhua]


Citing worries about deflation and hoping to keep encouraging lending, the Bank of Japan by majority vote decided to keep interest rates steady at -0.1 per cent but changed its fiscal stimulus targets.

It removed its quantitative easing target of 80 trillion yen ($780 billion) a year and instead said it would target 10-year interest rates to keep them at zero.

This new target, or yield curve control means it will buy as many long-term Japan Government bonds to ensure that their yields – or zero rate target – is met.

However, it said it would continue to buy back government bonds to the tune of 80 trillion yen.

The policy announced today by BOJ Governor Haruhiko Kuroda has left some analysts scratching their heads.

On the one hand, it appears there is a policy shift away from quantitative easing and the purchase of government bonds to create liquidity in a bid to reach the BOJ target of two per cent inflation.

On the other hand, the quantitative easing purchases remain intact but are just not referred to as part of the overall stimulus scheme.

Amid some other changes announced today, Kuroda appeared to bow to market pressures to balance out the BOJ’s purchase of Exchange Traded Funds (ETFs) so that it no longer allegedly favors the Nikkei.

ETFs are also known as investment funds that are traded much like stocks on the exchanges.

Previously, the BOJ had allocated 5.7 trillion yen ($55.5 billion) to three indices including the Nikkei, the Topix and JPX-Nikkei, with some financiers accusing the central bank of bias toward the former.

On Wednesday, the BOJ said it would allocate 2.7 trillion yen ($26.4 billion) to buying ETFs exclusively from Topix, while the remaining amount will be divided between Nikkei and JPX-Nikkei.

Japanese markets reacted positively despite some now accusing the BOJ of leaning too heavily in Topix’s favor.

The Nikkei closed up 1.91 per cent to 16,807.62, while the Topix rose 2.76 per cent to 1,051.79.

Other Asian indices also welcomed the BOJ fiscal change: Shanghai’s benchmark index rose 0.10 per cent to 3,025.874 while Hong Kong’s Hang Seng jumped 0.59 per cent to 23,669.90.

South Korea’s Kospi continued its strong weekly performance and rose 0.51 per cent to 2,035.99.

The BRICS Post with inputs from Agencies

23:37

Lula lambastes judge who ordered his trial The BRICS Post

There are many who feel the corruption allegations are designed to prevent Lula from running in 2018 presidential elections [Xinhua]

There are many who feel the corruption allegations are designed to prevent Lula from running in 2018 presidential elections [Xinhua]


Former Brazilian President Luiz Inacio Lula da Silva has come out swinging against a judge who ordered him to stand trial for allegations of money laundering while in office.

Lula accused anti-corruption judge Sérgio Moro of being politically motivated and said that charges brought against him by federal prosecutors were part of a scheme to discredit him and ruin his career.

On Tuesday, and less than a month after he was indicted on alleged graft charges, Lula was ordered by Moro to stand trial for receiving at least $1 million in kickbacks from Brazilian energy company Petrobras.

Moro first accepted charges filed in July by prosecutors investigating Lula for allegedly “masterminding” a corruption and money laundering operation in Petrobras.

Lula, a hugely popular president who served from 2003 to 2010 and is credited with a number of initiatives that propelled GDP growth and significantly reduced poverty in Brazil, has been under investigation for much of the past year..

“As we were starting to have success in the presidency, they are trying to do with us what they did with Dilma (Rousseff, the former president impeached in August). A part of the press and a part of the judiciary already tried to oust me from the presidency in 2005,” Lula has said.

Last month, Lula and members of his family and three other people had been indicted on a number of charges stemming from alleged financial irregularities, declaration of assets in addition to money laundering and graft.

Some in Brazil believe that the charges and trial are designed to ruin his chances of running in presidential elections in 2018.

In early August, the Vox Populi Institute published a poll which showed Lula would come out the clear winner if he ran for the presidency against a number of likely candidates.

Only 17 per cent of respondents in that poll said they wanted current President Michel Temer to stay on until 2018.

The Vox Populi Institute’s findings appear to support an earlier poll conducted by Datafolha in Brazil.

That poll also showed that Lulu would comfortably win a presidential election. Only five per cent said they would vote for Temer, however.

The BRICS Post with inputs from Agencies

23:34

Fight counterfeits to protect your image Eco-Business

Looks can be deceptive. Be aware of fake Danfoss products to protect your own reputation and the reputation and safety of your customers.

23:30

Escape the Collapsing System While You Still Can-Tim Young (Video) The Daily Coin

image/youtubeTim Young of SelfSufficientMan.com joins me today to talk about steps you can take now to distance yourself from a collapsing system. Make sure you check out Tim’s new podcast, The Self-Sufficient Life. Now is the time to either redouble your prepping efforts or make a serious dedication to getting your preps in order. The…

23:30

New IFAD financing facility helps refugees move into rural areas Eco-Business

The International Fund for Agricultural Development (IFAD) today announces the establishment of a new financing facility to assist refugees, displaced people and their host communities to address the increased pressure put on rural areas by the influx of millions of people.

23:28

Mind The Small Bank Sector—-They Are Plunging Into Commercial Real Estate David Stockman's Contra Corner

By Rani Molla Local and regional banks, chasing higher-yielding investments, have ramped up lending to commercial real estate developers. While they’re filling the gap left by a decline in commercial mortgage-backed securities offerings — until recently the main funding source for commercial real estate — the opportunity is also risky for the smaller players. In the first half…

23:27

New innovative credit line to fund sustainable land-use transitions Eco-Business

Agrobanco and CEDISA working in partnership with the Global Canopy Programme signed a Memorandum of Understanding to develop a new credit line of up to USD 88 million to finance the sustainable transition of seven supply chains across San Martin, Peru, in order to reduce deforestation and improve livelihoods.

23:23

Geothermal Energy Awards announced Eco-Business

Best and brightest of the global geothermal community will be honored at the

23:19

Antaisolar at Solar Power International 2016 Eco-Business

The SPI 2016 took place at Las Vegas Convention Center on 12th-15th September. This yearly event generates success for solar energy professionals and global solar industry. It has become the fastest growing and largest solar show in North America.

23:17

International Day of Peace celebrated at USPCAS-W, MUET Jamshoro Eco-Business

International Day of Peace was celebrated at U.S-Pakistan Center for Advanced Studies in Water (USPCAS-W) at Mehran University of Engineering and Technology (MUET) Jamshoro. On this occasion, Society of Water Managers (SWM) of the Center organised a program on 'Water & Peace' following the theme for this year-"Sustainable Development Goals (SDGs) are the building blocks of the peace".

23:14

Two Urban Farms in Ohio Offer Hope and Food Access to Community in Need Resilience

Two five-acre urban farms in Columbus, Ohio are offering a hardy mixture of hope, employment and improved food access to underserved community members.

23:10

Bye Bye Deutsche Bank The Daily Coin

atm-bank-financial-unavailableIt smells like death. No way to know for sure when the Bundesbank, Fed and ECB lose control of Deutsche Bank’s balance sheet.  But its stock price just hit an all-time low since its NYSE-listing in October 2001. Anyone who owns the Deutsche Bank “Tier 1” bonds should sell them now. They are currently yielding…

23:10

Daily Digest 9/21 - U.S. Building Up To Pension Crisis, Chinese Debt "Above Danger Zone" Peak Prosperity

Daily Digest 9/21 - U.S. Building Up To Pension Crisis, Chinese Debt
  • RETIREMENT CRISIS: Millions have NO IDEA how they will pay bills in old age
  • CalPERS forecasts funding gap could grow to $9.2 bln in 15 years
  • US building up to pension crisis
  • Gulf budget deficits to peak this year
  • Monte dei Paschi's shares, bonds hit by worries on emergency plan
  • Nigeria Plans N4.72 Trillion Stimulus for Troubled Economy
  • Is China Building a Road to Ruin?
  • Deutsche Bank Goes to Crisis-Era Well
  • Chinese debt "three time above danger zone"
  • The big question of Kenya's piling debt
  • Comptroller: NY student loan debt hits $82B
  • New Report Outlines Higher Education’s $2.7 Billion ‘Debt Bomb’
  • Debt and Death Bind Chicago as Emanuel Seeks to Bolster Cops
  • China's first debt-to-equity swap plan approved
  • China Risks $375 Billion of Shadow Banking Losses, CLSA Says
  • Buyers keep faith in Chinese province seen as test of debt tolerance
  • Canadian household debt bigger than national output
  • ECB corporate bond buying hits record pace
  • Markets Have Become More Dependent on Central Banks, Says BIS
  • Calstrs to Miss 7.5% Return Goal for Third Straight Year
  • German savings banks expect 500 mln euro hit from negative ECB rates -sources

Join the conversation »

23:04

John Embry – The Key To Surviving The Destruction Of The Current Monetary System The Daily Coin

Embry johnAs the world awaits tomorrow’s Fed decision, today John Embry spoke with King World News about the key to surviving the destruction of the current monetary system. John Embry:  “Eric, I think this should be an interesting week with the Fed meeting taking place tomorrow, and a Japanese monetary meeting taking place simultaneously.  I really think the…

23:01

Clothing with a Conscience Resilience

Space Between is a New Zealand social enterprise challenging waste and exploitation in the clothing industry. Its first collection transforms unwanted postal uniforms into stunning new fashion pieces.

23:00

Stopping the War on Children Project Syndicate RSS-Feed

Children living in conflict zones are being targeted for violence on an unprecedented scale, despite their “protected” status under human-rights laws. As world leaders gather in New York this month for the UN General Assembly, they should call a halt to the violation of children's rights, for which many of them are partly to blame.

22:50

The Bullish Case for $30 Silver The Daily Coin

silverSilver could be looking a lot more lustrous in the coming years thanks to these catalysts. It’s been a volatile year for the stock market, with some notable market leaders still struggling to get back to their baselines. In particular, biotech stocks and money center banks have largely underperformed in 2016. That hasn’t been the…

22:44

Early bird registration deadline for GRC annual meeting is this week Eco-Business

The deadline for early-bird rates for registration for the biggest annual geothermal event is this Friday, September 23. The GRC Annual Meeting & GEA GeoExpo+ will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 23 to 26 at the Sacramento Convention Center, Sacramento, California, USA.

22:43

Young farmers, Brexit and Future Prospects Resilience

While there remains a good deal of uncertainty, it is clear to me that Brexit provides an opportunity to advocate for a more sustainable approach to agriculture, to boost its profile on what will be a new national policy agenda for food and farming.

22:42

Building an agile mobile strategy: master-slass for charities and NGOs Eco-Business

The UK charity sector and the global humanitarian and development community is moving from whether to use mobile technologies to how to make the most out of them. Given the recent commitments made at the World Humanitarian Summit in Istanbul, now is the opportune time to benchmark your organisation’s mobile strategy and explore what the tech future has in store to get ahead of the game.

22:39

Top Innovations in Israeli Clean Energy Solutions to be showcased Eco-Business

Agenda to include 2016 Cleantech Open competition finals for most promising mature Israeli startups

22:36

Amerika’s Killer Cops Can’t Stop Murdering PaulCraigRoberts.org

Amerika’s Killer Cops Can’t Stop Murdering

https://www.rt.com/usa/360133-sacramento-police-shooting-mann/

Perhaps the idiots who call police on unwell people should be arrested as partners in murder.

The post Amerika’s Killer Cops Can’t Stop Murdering appeared first on PaulCraigRoberts.org.

22:36

Trump and Clinton Are “Positive For Gold” – $1,900/oz by End of Year Max Keiser and Stacy Herbert

Trump or Clinton are “positive for gold” and prices could rise to between $1,700 and $1,900 per ounce by year end according to Canadian gold mining magnate Rob McEwen.

Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview with Bloomberg at a gold conference in Colorado Springs.

trump clinton goldRobert McEwen Photographer: Victor J. Blue/Bloomberg

“A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.” Read full story…

22:30

Amazing New Fabric Will Power All Your Devices Using Only Sun and Wind The Event Chronicle

Amazing New Fabric Will Power All Your Devices Using Only Sun and Wind

By Christina Sarich

United States — A new fabric with both solar and kinetic energy power generation capabilities may soon give your watch, cell phone, or laptop the juice it needs to operate.

Pioneering piezoelectric sidewalks, and solar powered roads are awesome, but until now researchers haven’t figured out how to power our mobile devices with electricity that wasn’t gained from the burning of fossil fuels.

The fabric could further enhance products like solar backpacks, which tend to be bulky since the solar panels have to be added post creation of the bag itself. Or imagine a phone case that also charges your cell phone while it swings in your purse or your pockets, just as easily as it generates energy when exposed to the sun.

With help from the textiles industry and energy researchers, a cloth woven with photoanodes and triboelectric nanogenerators will be able to better integrate power into small mobile devices we use every day.

Researchers at Georgia Institute of Technology, led by Zhong Lin Wan, have created a new fabric that they are calling a “micro-cable power textile.”

As Wan explains,

“[The technology] integrates photoanodes (solar cells made from lightweight polymer fibers) and triboelectric nanogenerators (which are able to generate small amounts of electricity from motion), in essence creating a fabric capable of producing electricity. The new textile, which was woven together with wool strands, is 320 micrometers thick and is said to be “highly flexible, breathable, light weight and adaptable to a range of uses.”

In essence, both a gentle wind and a sunny day could be powering your next phone conversation, iPod jam session, your thesis composition on a tablet, your smart-watch on a jog, or Kindle read, no matter where you are. No electric car, billion-dollar sidewalk, or tangled electrical cords needed.

The Georgia Tech researchers used a thin sheet of the fabric mounted to a rod that was then allowed to blow in the wind from a car’s windows on a sunny day. “Significant power” was generated, on both sunny and cloudy days.

The output of a 4 cm x 5 cm piece of the power textile was able to charge a 2-microfarad capacitor to 2 volts in one minute from motion and sunlight, creating some good juice in even less than ideal weather. In full sunlight, while speeding down a desert road, who knows how much energy could actually be generated.

The fabric is made from inexpensive and environmentally responsible materials, and could be optimized for industrial use, according to Wan.

You can learn more about this miracle fabric in the journ...

22:30

Fukushima & Our Desperate Governments (Video) The Daily Coin

fukushimaArticle called French-Japanese Flawed Steel In Reactors Dooms The Nuclear Industry By Yoichi Shimatsu Source Exclusive to Rense 9-17-16- See more at: Source Hillary’s Body Double…It’s All In The Nose! Source They Are Gambling People Won’t Notice – See more at: Source Looks Like They Are Going With A Body Double! Where Is Hillary? Questions! Did She Die On 9/11…

22:10

Protesters Confront Police After Shooting in Charlotte The Daily Coin

coming-civil-unrestMayor of Charlotte Jennifer Roberts weighs in on the riot in her city after fatal shooting: I will continue to work with our manager & Chief on officer involved shooting. We are reaching out to community to ask for calm. — Mayor of Charlotte (@CLTMayor) September 21, 2016 Agitators destroying marked police units. CEU continues…

22:09

10 Wednesday AM Reads The Big Picture

Its hump day! Make the best of it with our morning train reads: • Silicon Valley’s Secrets Are Hiding in Marc Andreessen’s Library (Wired) see also Google Trips is a killer travel app for the modern tourist (The Verge) • Marijuana legalization is facing a major challenge from the alcohol industry (Business Insider) • 10 Things Found In…

Read More

The post 10 Wednesday AM Reads appeared first on The Big Picture.

21:50

The ZIRP/NIRP Gods and their PhD Priesthood Have Failed The Daily Coin

economy chartThe priesthood’s insane obsession with forcing people to spend their savings by punishing savers with ZIRP/NIRP has failed spectacularly for a simple reason: it completely misunderstands human psychology. Let’s start with a simple chart of the Fed Funds Rate, which the Federal Reserve has pinned near zero for years. This Zero Rate Interest Policy (ZIRP) is…

21:30

An Elementary School Has Kids Meditate Instead of Punishing Them and the Results are Profound The Event Chronicle

An Elementary School Has Kids Meditate Instead of Punishing Them and the Results are Profound

By John Vibes

Baltimore, MD – It was recently reported that Robert W. Coleman Elementary in West Baltimore will be taking a new and holistic approach to disciplining students. Instead of punishing them or sending them to the principal’s office, administrators will now be sending children to “the mindful moment room” where they will be able to meditate and wind down.

The new policy has been in place for over a year, and in the time that the meditation room has been set up, there has actually been no suspensions throughout the entire year.

The program is an initiative organized by the Holistic Life Foundation, a Baltimore-based nonprofit organization committed to nurturing the wellness of children and adults in underserved communities.

Andres Gonzalez, one of the organizers of the project, says that children are even bringing home what they are learning to their families.

“That’s how you stop the trickle-down effect, when Mom or Pops has a hard day and yells at the kids, and then the kids go to school and yell at their friends,” he says. “We’ve had parents tell us, ‘I came home the other day stressed out, and my daughter said, Hey, Mom, you need to sit down. I need to teach you how to breathe,‘” Gonzalez said.

There are many advantages to meditation, which are now being confirmed by scientific studies. We have learned through scientific research that meditation can relieve pain, enhance creativity, relieve stress and boost immune systems. In 1998, a breakthrough study published in the Journal of the American Medical Association, by a DR. Dean Ornish showed that meditation can actually reverse heart disease. This study lasted for over 5 years and involved various control groups that all had coronary artery disease, and only one of these groups practiced meditation. Amazingly the group that practiced meditation had actually managed to reverse the effects of the illness.

The consistent application of bringing one’s attention to the present moment is key to any form of meditation. This means that nearly any experience can be meditative. A bike ride, a walk under the stars, writing poetry, or any practice that offers individual quiet time within your own heart and mind can be considered a form of meditation.

Over time, various teachers organized their specific meditation practices into cohesive styles and philosophies, each with its own instructions and insights. Around the 5th and 6th centuries BCE, Confucian and Taoist meditations appear in China, and Hindu, Jain, and Buddhist meditations developed in India.

These various schools of meditation taught different methods for remaining in the present moment, some involving the counting of breaths, contemplative thought, or repeating sacred words and sounds known as Mantras.

There are also different types of meditation positions. Some schools practice sitting cross-legged (“lotus” or “half lotus”), walking, or lying down meditation. You also may have noticed that certain traditions will feature symbolic hand gestures and positions during their meditation. These are known as mudras and are found in Hindu and Buddhist practices. People also meditate for different reasons. Most people would say that meditation can be a religio...

21:30

Prisoner Clintons! President Trump!! Brutal Accusations From all Sides!! (Video) The Daily Coin

hillary public domainThe Trump Campaign has accelerated and expanded the direct accusations of the Clinton’s corruption and direct criminal activity. The FBI will no longer be handcuffed by the DOJ and the indictments will begin. I have had a lot of comments about Comey being corrupt, and just as many that he was blackmailed or threatened. He…

21:23

Firms that Discriminate are More Likely to Go Bust Marginal REVOLUTION

Discrimination is costly, especially in a competitive market. If the wages of X-type workers are 25% lower than those of Y-type workers, for example, then a greedy capitalist can increase profits by hiring more X workers. If Y workers cost $15 per hour and X workers cost $11.25 per hour then a firm with 100 workers could make an extra $750,000 a year. In fact, a greedy capitalist could earn more than this by pricing just below the discriminating firms, taking over the market, and driving the discriminating firms under. The basic logic of employer wage discrimination was laid out by Becker in 1957. The logic implies that discrimination is costly, especially in the long-run, not that it doesn’t happen.

discriminationA nice test of the theory can be found in a paper just published in Sociological Science, Are Business Firms that Discriminate More Likely to Go Out of Business? The author, Devah Pager, is a pioneer in using field experiments to study discrimination. In 2004, she and co-authors, Bruce Western and Bart Bonikowski, ran an audit study on discrimination in New York using job applicants with similar resumes but different races and they found significant discrimination in callbacks. Now Pager has gone back to that data and asks what happened to those firms by 2010? She finds that 36% of the firms that discriminated failed but only 17% of the non-discriminatory firms failed.

The sample is small but the results are statistically significant and they continue to hold controlling for size, sales, and industry.

As Pager notes, the cause of the business failure might not be the discrimination per se but rather that firms that discriminate are hiring using non-rational, gut feelings while firms that don’t discriminate are using more systematic and rational methods of hiring.

As she concludes:

…whether because of discrimination or other associated decision making, we can more confidently conclude that the kinds of employers who discriminate are those more likely to go out of business. Discrimination may or may not be a direct cause of business failure, but it seems to be a reliable indicator of failure to come.

The post Firms that Discriminate are More Likely to Go Bust appeared first on Marginal REVOLUTION.

21:15

How millions of trees brought a broken landscape back to life The Event Chronicle

How millions of trees brought a broken landscape back to life

After 25 years, the decision to site the National Forest amid derelict coal and quarry workings has borne spectacular fruit

By John Vidal

Twenty-five years ago, the Midlands villages of Moira, Donisthorpe and Overseal overlooked a gruesome landscape. The communities were surrounded by opencast mines, old clay quarries, spoil heaps, derelict coal workings, polluted waterways and all the other ecological wreckage of heavy industry.

The air smelt and tasted unpleasant and the land was poisoned. There were next to no trees, not many jobs and little wildlife. Following the closure of the pits, people were deserting the area for Midlands cities such as Birmingham, Derby and Leicester. The future looked bleak.

Today, a pastoral renaissance is taking place. Around dozens of former mining and industrial communities, in what was the broken heart of the old Midlands coalfield, a vast, splendid forest of native oak, ash and birch trees is emerging, attracting cyclists, walkers, birdwatchers, canoeists, campers and horse-riders.

Britain’s trees have come under increasing attack from exotic diseases, and the grants for planting woodland are drying up, so the 200 sq miles of the National Forest come as a welcome good news story. The new woodland in the Midlands is proving that large-scale tree planting is not just good value for money, but can also have immense social, economic and ecological benefits.

In this one corner of the Midlands, more than 8.5m trees have been planted in 25 years, hundreds of miles of footpath have been created and 500 abandoned industrial sites have been transformed. The landscape and ecology of semi-derelict Britain has been revived and rewilded with trees.

“I came here from Staffordshire 62 years ago,” says Graham Knight, a former coalface engineer who lives near Moira and now works for a retraining charity. “It was clay pits, quarries, coal mines, chimneys, sewer pipes, and kilns then. It was very unhealthy, pretty grim. It was a hard life and it toughened people up. The area went into steep decline when the industry closed and almost everything disappeared. It has changed from a wasteland to an environment that we envied.

“People love trees. They like to see forests and woods. In those days you would go to a place like this for holidays. People are moving in and communities are growing.”

Many of the young trees in the National Forest are little more than whips because hundreds of hectares are being planted every year as more derelict sites are taken over. But the trees that were dug in 25 years ago now stand 30ft tall and need to be thinned.

Along with the maturing trees have come buzzards and red kites, skylarks, butterflies, otters, bats and owls.

“This is the first major forest planted in England for 1,000 years. We have taken a black hole and given it new life”
As the trees continue to grow, insects, small mammals and flora...

21:10

Inverted Asymmetry – Gold Price Outlook The Daily Coin

image/youtubeby josh Crumb Using our proprietary real rate, energy proof of value- model as a guide, we find that, despite an already impressive year to date performance: 1) the USD gold price has less downside risk from current levels than commonly perceived, with skewed upside risk; 2) market participants often wrongly analyze gold as a ‘flow…

20:45

World Money and Hyperinflation The Daily Coin

jim rickards public domainThis world money has existed for some time, but it’s about to become a lot more important. In 1944, John Maynard Keynes proposed a form of world money, which he called the “bancor,” at the Bretton Woods international monetary conference. In 1961, Nobel Prize winner Robert Mundell said, “the optimum currency area is the world,” laying the…

20:30

JvdB: 2017 Porsche 911 Turbo S The Big Picture

We lost our dear family friend Jan van der Baan yesterday. He was a gentle and generous soul, with an always ready hearty laugh. I am still in shock. I learned more about cars — and investing — from him then I could ever recount. Jan created the concept of “diminished value” in autos, was…

Read More

The post JvdB: 2017 Porsche 911 Turbo S appeared first on The Big Picture.

20:16

Dr. Paul Craig Roberts: Economy A Hoax & House Of Cards – We Are Headed For War (Video) The Daily Coin

image/youtube screen grabFormer Assistant Treasury Secretary (in the Reagan Administration) Dr. Paul Craig Roberts has a stark warning for the world. Dr. Roberts says, “We changed our nuclear doctrine.  It used to be we used nuclear weapons only in retaliation.  There was no first use, but the George W. Bush regime, the Neocons, changed our nuclear doctrine. …

19:50

Market Myths and Social Facts Project Syndicate RSS-Feed

Now that we know how inequality harms the health of societies, individuals, and economies, reducing it should be our top priority. Anyone advocating policies that increase inequality and threaten the wellbeing of our societies is taking us for fools.

19:45

“Or We’ll Lose the Whole Middle Class”: Gallup CEO The Daily Coin

economy peopleEconomic recovery, but not for the “Invisible Americans” Jim Clifton, Chairman and CEO at Gallup, who presides over endless surveys of American consumers and businesses and knows a thing or two about them, has a message for the media and the political establishment that seem to be clueless: this meme about the recovering economy – “It was…

19:22

The Economists Who Didn't See the Big Crash of 2008 Coming Still Don't Understand What Happened or How to Fix It Economy - AWD News


  Last week marked the eighth anniversary of the collapse of Lehman Brothers, the huge Wall Street investment bank. This bankruptcy sent financial markets into a panic with the remaining investment banks, like Goldman Sachs and Morgan Stanley, set to soon topple. The largest commercial banks, like Citigroup and Bank of America, were not far behind on the death watch. The cascade of collapses was halted when the Fed and Treasury went into full-scale bailout mode. They lent trillions of dollars to failing banks at below market interest rates. They also promised the markets that there would be "no more Lehmans" to use former Treasury Secretary Timothy Geithner's term. This promise was incredibly valuable in a time of crisis. It meant that investors could lend freely to Goldman and Citigroup without fear that their loans would not be repaid -- they had the Treasury and the Fed standing behind them. The public has every right to be furious about this set of events eight years ago, as well what has happened subsequently. First, everything about the crisis caught the country's leading economists by surprise. Somehow, the country's leading economists both could not see an $8 trillion housing bubble, nor could they understand how its collapse would seriously damage the economy. This bubble was clearly driving the economy prior to the crash, it is difficult to envision what these economists thought would replace the demand lost when the bubble burst. The immediate fallout from the collapse of Lehman also caught the Fed and Treasury by surprise. Having made the decision to allow the market to work its magic on a major bank, they apparently did not anticipate the consequences. The Fed and the Treasury later cooked up the excuse that they lacked the legal authority to save Lehman, as though someone would have brought a lawsuit to stop them if they had tried. Having failed to recognize both the risks of the bubble and the consequences of the Lehman collapse, the Fed and Treasury then pulled out all the stops to keep the big Wall Street banks in business. They said this was necessary to prevent another Great Depression. It is difficult to see how letting the market work on Wall Street would have condemned us to a decade of double digit unemployment. Would fiscal and monetary stimulus no longer work? To support the second Great Depression myth, a paper from Alan Blinder and Mark Zandi, two of the country's most prominent economists, tried to show how we would have had a decade of double-digit unemployment without the Wall Street bailout. In fact, the paper shows nothing of the sort. It shows that if we never took any steps to boost the economy we would have faced a decade of double-digit unemployment. That distinction may be too subtle for people who write on economics for a living, but most of the public understands the difference. The record of failure continued into the recovery. Most economists believed that we would see a quick bounce back from the crash, even without any exceptional amounts of government stimulus. This was the excuse for the austerity that was imposed across the world in 2011. As a result, we have seen an incredibly slow recovery in the United States, and an even slower one in Europe. Workers in the United States are just now getting back to their pre-recession levels of income. According to the Congressional Budget Office, potential GDP is now 10 percent less ($1.9 trillion) than the amount projected for 2016 before the downturn. This is a recurring loss of GDP that amounts to almost $6,000 a year for every person in the country. This is an incredible burden that the austerity crew has imposed on our children and grandchildren. This brings us to the story of men who don't work. There are many economists who argue that the economy is now fully employed and it is time for Federal Rese...

19:16

Debt Rattle September 21 2016 The Automatic Earth

Harris&Ewing Preparations for the inauguration of Woodrow Wilson, Court of Honor before White House 1913 • Unlike in 1986, This Time US Might Not Dodge a Recession: Deutsche Bank (BBG) • Get Ready For The Mother Of All Stock Market Corrections (Tel.) • Japan Exports Fall 11th Straight Month, 9.6% YoY, Imports Plunge 17.3% (R.)

The post Debt Rattle September 21 2016 appeared first on The Automatic Earth.

19:15

More Creepy Clown Sightings Sweep The Nation As The Threats Of Violence Become Even More Chilling The Daily Coin

image/endoftheamericandream.comAll over America sick and twisted people are dressing up like creepy clowns in order to frighten the living daylights out of others.  This trend started back in August, and since then social media has helped it spread like wildfire.  So far there have been creepy clown sightings in 11 different states, and Mississippi and…

19:13

Hong Kong and South East Asia Manager Eco-Business

CDP (formerly known as the Carbon Disclosure Project) is seeking a highly motivated, well-networked individual to manage its operations in Hong Kong and South East Asia. This is an exciting opportunity for an ambitious entrepreneurial individual who is inspired to achieve greater impact for CDP in that region.

19:10

Negative Effects of Immigration on the Economy naked capitalism

Working through explanations as to why US immigration has been negatively correlated with growth.

19:00

Is Momentum Really Momentum? The Big Picture

Is Momentum Really Momentum by ritholtz1 on Scribd

The post Is Momentum Really Momentum? appeared first on The Big Picture.

18:45

The US Government Just Ran Out Of Plans In The Middle East, War Is Inevitable (Video) The Daily Coin

image/youtubeIt turns out that Rhamai was in contact with the FBI. Authorities in NY were on high alert because of the UN meeting. US is sending B52 bombers to South Korea. Iraqi army begins a major offensive.US blames Russia and Syria for bombing a UN humanitarian aid truck. Russia and Syria it wasn’t them because…

18:30

The Human Right That Keeps on Giving Project Syndicate RSS-Feed

Easy and safe access to quality education is not just a fundamental human right, but also an enabling right – essential for the exercise of all others. With such a powerful tool available to us, we should be doing whatever we can to use it, and this month's United Nations General Assembly summit is a good place to start.

18:25

Academic Penury: Adjunct Faculty as the New Precariat naked capitalism

The perilous status of adjuncts, who serve as contingent faculty.

18:11

Material Choices: FuturArc Sep-Oct 2016 issue out now Eco-Business

Occasionally, a topic comes along that speaks to the gaps in knowledge more than the solutions. This issue--on building materials--is one of those occasions.

17:38

Emissions targets need all-electric cars Eco-Business

Cutting emissions to meet the internationally-agreed limits on global temperature rise will require an end soon to all fossil-fuelled cars.

17:35

Bot wars Marginal REVOLUTION

In particular, Yasseri and co focus on whether bots disagree with one another. One way to measure this on Wikipedia is by reverts—edits that change an article back to the way it was before a previous change.

Over a 10-year period, humans reverted each other about three times on average. But bots were much more active. “Over the 10-year period, bots on English Wikipedia reverted another bot on average 105 times,” say Yasseri and co.

And this:

Bots and humans differ significantly in their revert habits. The most likely time for a human to make a revert is either within two minutes after a change has been made, after 24 hours, or after a year. That’s clearly related to the rhythms of human lifestyles.

Robots, of course, do not follow these rhythms: rather, they have a characteristic average response time of one month.  “This difference is likely because, first, bots systematically crawl articles and, second, bots are restricted as to how often they can make edits,” say Yasseri and co.

Nevertheless, bots can end up in significant disputes with each other, and behave just as unpredictably and inefficiently as humans.

Many of the bots seem to be designed to make varyin- language versions of the same Wikipedia pages consistent with each other, yet the bots do not always agree.  Solve for the equilibrium, as they say…

Here is the article, via Michelle Dawson.

The post Bot wars appeared first on Marginal REVOLUTION.

17:12

Two panda cubs, two little girls and the Sustainable Development Goals Eco-Business

Officially designated as the first-ever Animal Ambassadors for the SDGs, the bears symbolise the plight of the world’s diminishing wildlife in the face of climate change and the loss of natural habitats.

17:00

Want National Security? Dismantle the War Machine NEW ECONOMY

A military response to violence creates more violence. For real security, we need to stop climate change and work toward shared prosperity.

16:41

Large ivory seizures in Singapore make it a smuggling hub of "primary concern" Eco-Business

In the last three years, large hauls of ivory have been picked up in Singapore – conservationists worry that new smuggling routes are opening up.

16:26

India and Sustainability Standards - International Dialogues and Conference 2016 Eco-Business

Please join us for India and Sustainability Standards 2016 to be held at the India Habitat Centre (New Delhi) from 16-19 November, 2016,to be hosted and organised by the Centre for Responsible Business (CRB). The journey of India and Sustainability Standards started with a seminar in 2014, conceived and organised by the Centre for Responsible Business (CRB) and subsequently developed into a 3-day international conference, 'India & Sustainability Standards - International Dialogues and Conference' in 2015 (http://sustainabilitystandards.in/). The conference drew 50 Indian and international partners and over 500 participants discussing the role of Sustainability Standards in supporting business' contribution towards positive social, economic and environmental impacts. Various dialogues during the 2015 event have led to the subsequent formation of action-focused, multi-stakeholder discussion fora on sustainability in specific areas like water, finance and tourism. The adoption and initiation of the Agenda 2030 for Sustainable Development has provided both the impetus and the framework for greater attention to the issue of sustainable development. The role of business and its interface with SDGs has emerged as a critical area in this 'agenda' both at the international and national levels, and requires such wide ranging discussions. For India, these discussions would facilitate a discourse on how to 'Make In India' sustainable.

16:19

[KR969] Keiser Report: Privilege of Unfairness for Bankers Max Keiser and Stacy Herbert

We discuss the lessons from Calvin of Calvin & Hobbes fame on the exorbitant privilege of unfairness for bankers. We look at the game theory behind Deutsche Bank’s too big to fail, too broke to punish sweet spot as it attempts to ‘negotiate’ with the U.S. Department of Justice. In the second half, Max interviews precious metals expert, Ned Naylor-Leyland of Old Mutual Global Investors about gold – the original denominator – and about return-free risk in the negative yielding bond markets.

15:50

Wells Fargo CEO’s Teflon Don Act Backfires at Senate Hearing; “I Take Full Responsibility” Means Anything But naked capitalism

Wells Fargo CEO John Stumpf's days are numbered, as they should be based on his inability even to fake contrition in Senate hearings.

15:45

Donald Trump at High Point U. (Video) The Daily Coin

bill still public domainCollapse/Crash and attaining the Unvarnished Truth about Washington and Today’s United States Political Climate. Good evening, I’m still reporting on Donald Trump’s Rally at High Point University. Donald Trump spoke to the students of High Point University and we were offered VIP tickets by a high official of the state party. We took her up on…

15:10

Does varying rainfall make people collectivists? Marginal REVOLUTION

Lewis Davis has a newly published paper on that topic with the more elegant title “Individual Responsibility and Economic Development: Evidence from Rainfall Data.”  Here is the abstract:

This paper estimates the effect of individual responsibility on economic development using an instrument derived from rainfall data. I argue that a taste for collective responsibility was adaptive in preindustrial societies that were exposed to high levels of agricultural risk, and that these attitudes continue to influence contemporary social norms and economic outcomes. The link between agricultural risk and collective responsibility is formalized in a model of optimal parental socialization effort. Empirically, I find a robust negative correlation between rainfall variation, a measure of exogenous agricultural risk, and a measure of individual responsibility. Using rainfall variation as an instrument, I find that individual responsibility has a large positive effect on economic development. The relationships between rainfall variation, individual responsibility and economic development are robust to the inclusion of variables related to climate and agricultural and institutional development.

This kind of investigation is always going to be fraught with uncertainty and also controversy, given imperfections of data and methods.  Nonetheless I find this one of the more plausible macro-historical hypotheses, perhaps because of my own experience in central Mexico, where varying rainfall still is the most important economic event of the year, though it is rapidly being supplanted by the variability of tourist demand for arts and crafts.  And yes, they are largely collectivist, at least at the clan level, with extensive systems of informal social insurance and very high implicit social marginal tax rates on accumulated wealth.

Have you noticed it rains a lot in England?

Here are earlier and ungated/less gated versions of the paper.

The post Does varying rainfall make people collectivists? appeared first on Marginal REVOLUTION.

14:15

Closing the broadband divide to connect people in Asia and the Pacific Eco-Business

Internet access is a clear development enabler, yet it remains unequally distributed across the Asia-Pacific region. UN under-secretary-general Dr Shamshad Akhtar shares what's being done about this.

13:50

9 Weird Things About The NYC And NJ Bombs That Will Make You Say Hmmmm… The Daily Coin

false flag war isis-Public-Domain-460x299You know me – I’m not prone to conspiracy theories (cough). But, I noticed some weird things about the pressure cooker bomb attacks that took place in New York City and New Jersey this weekend and the subsequent arrest of the alleged perpetrator. Some things just don’t add up. Trust me, you won’t even need to don your…

13:30

Obama: Embrace World Government ‘Cause It ‘Enhances Our Security’ (Video) The Daily Coin

obamaOBAMA: And we can only realize the promise of this institution’s founding to replace the ravages of war with cooperation if powerful nations like my own accept constraints. Sometimes I’m criticized in my own country for professing a belief in international norms and multilateral institutions, but I’m convinced in the long run giving up some…

13:10

U.S. Mint Telegraphs Major Market Move The Daily Coin

image/TheDailyCoinToday, we’re taking a look at silver, the forgotten metal… Silver has done well in 2016. It rose from a low near $14 per ounce in January to over $20 per ounce during the summer (just after Brexit). Silver has currently settled at a little over $19 per ounce. I see a lot more upside…

13:03

Renewables establish economic lead Eco-Business

New analysis shows the cost of energy from renewables is already lower on average than from fossil fuels, and will soon be even cheaper.

Urban design shapes mental health, researchers say Eco-Business

Idyllic tree-lined roads and other urban landscapes aren't just a pretty sight, they also have a lot to do with keeping urban dwellers sane, according to the American Psychiatric Association.

13:02

How we can make globalisation work for everyone Eco-Business

Opposition to globalisation is getting louder. Hernando de Soto, president of the Institute of Liberty and Democracy, analyses why and what it will take to keep global flows in motion.

12:50

Banking Has Become a Criminal Enterprise in the U.S. The Daily Coin

bank-public-domainTomorrow the U.S. Senate Banking Committee will hold a hearing to take testimony from Wells Fargo CEO John Stumpf and Federal regulators to understand how this mega bank was able to get away with opening more than two million fake customer accounts over a span of years. The accounts and/or credit cards were never authorized…

12:45

All-Energy Australia Eco-Business

With more than 150 industry speakers, more than 100 exhibitors, two networking events and seven conference streams, the All-Energy Australia Conference and Exhibition is back and bigger than ever.

12:40

The 20th Women in Leadership Summit 2017 Eco-Business

The growth of women in leadership roles is not just important to an organisation, it is critical for long-term economic growth and social equality. The contribution of women in the workforce has long been recognised as a significant contributor to the commercial growth and the socioeconomic health of nations across the Asia Pacific region.

12:35

EUEC 2017 Eco-Business

EUEC2017: The 20th Annual Energy, Utility & Environment Conference, is USA's largest professional networking & educational event of its kind, held February 8 to 10, 2017, at the San Diego Convention Center, San Diego, CA, with 2,000 delegates, 400 speakers and 200 exhibits.

12:30

The Central Bank Is Preparing To Use “Footnote 8” For The Economic Crisis (Video) The Daily Coin

x22Canada’s household debt has exceeded the countries GDP. Housing starts in the US tumble. Atlanta Fed revised its GDP numbers lower. We are now seeing signals in the economy that are pointing to a recession. Deutsche bank is on the verge of collapsing, but they are trying to hide it by cooking the books. We…

12:10

Here’s the Real Reason Corporate America Is Bleeding Cash The Daily Coin

economy chartCorporate America has been living beyond its means for too long… If you’ve been reading the Dispatch, you know we’re living in very uncertain times. Global interest rates are at their lowest level in 5,000 years. Global debt is spiraling out of control. And U.S. stocks are rallying despite serious problems. After going nowhere for more…

11:50

Following Weekend Terror Attacks, Trump and Clinton Vow to Increase Terrorism The Daily Coin

trump hillary public domainIn the wake of several suspected terror attacks over the weekend, Donald Trump and Hillary Clinton have renewed their vows to create more terrorists if elected president. Sure, each of them said they were the only true candidate who could effectively take on terrorism, but their proposed solutions have proven to be the very recipes needed to create it. Let me explain. Donald Trump, the…

11:30

GAS SHORTAGE UPDATE: PANIC AS STATIONS CLOSE, LONG LINES; REFINERIES CLOSE AFFECTING ENTIRE US (Video) The Daily Coin

Shift-Clock-Day-Night-Public-DomainTDC Note – If you have not been effected by this situation that’s great. Now, go out, get a couple or more 5 gallon gas containers, appropriate additives for storage and begin a program of rotating this stored gold every couple of months. This will keep you and your family a little safer. Make sure…

11:10

US federal debt expanding at fastest rate since the crisis The Daily Coin

dollarA few days ago, the federal debt of the United States rather quietly and unceremoniously passed the $19.5 trillion mark. And while that figure may seem absolutely confounding, what’s even more alarming is how rapidly the US government is racking up this debt. In fact, for the 2016 fiscal year that ends in just ten…

10:50

Florida Precious Metals Scam Golden Opportunity to Learn The Daily Coin

gold-1906-e1462496209893A Florida court recently found Robert Escobio and his companies, Southern Trust Metals and Loreley Overseas Corp guilty by the U.S. Commodity Futures Trading Commission (CFTC) of bilking customers in a precious metals scam. Escobio was accused of stealing $600,000 from 35 customers from July 2011 through May 2013. Over the time period, the defendant…

10:45

Creepy Clown Sightings Sweep The Nation As The Threats Of Violence Become Even More Chilling The Economic Collapse

creepy-clown-posted-by-jamie-hill-on-facebookAll over America sick and twisted people are dressing up like creepy clowns in order to frighten the living daylights out of others.  This trend started back in August, and since then social media has helped it spread like wildfire.  So far there have been creepy clown sightings in 11 different states, and Mississippi and Kentucky have been added to the list since my last article.  A lot of young kids seem to think that this is a great idea for a “prank”, but authorities are taking the creepy clown phenomenon very, very seriously because in recent days the threats of violence have become much more chilling.  Individuals posing as “creepy clowns” on social media are openly naming specific schools that they plan to target and are threatening to commit horrific acts of violence.  That may sound like an interesting plot for a Hollywood horror movie, but in real life these kinds of threats have very serious consequences.

On Monday, several schools in Alabama were placed on lockdown due to threats from a group known as “Flomo Klown”

A number of Alabama schools were on lockdown on Monday after a series of Facebook posts from users posing as clowns threatened local children with violence.

Posts on the group ‘Flomo Klown’ warned that clowns may show up at two schools in the Birmingham area and one student alerted local police.

Fortunately, authorities were able to identify the people that were making those threats.  The police discovered that two juveniles and one adult were involved, and so far one arrest has been made in the case.

But that isn’t the only example of “creepy clowns” threatening to commit violence at schools.  A short-lived Facebook account under the name of “Bingerman Clownferd” issued a profanity-laced warning to five specific schools in the Montgomery, Alabama area on September 17th.  The following comes from a local Montgomery news report

A newly created Facebook account named Bingerman Clownferd began posting about visiting Montgomery schools last week. This weekend, Clownferd caused a stir on social media with a post listing which Montgomery schools would be visited:

bingerman-clownferd-from-facebook

The posts include vulgar language and threats of violence and began the day after Flomaton Police Department arrested two juveniles and an adult for a similar threat that caused a soft lockdown at Flomaton schools.

“I&...

10:30

Syrian War Report – September 20, 2016: Militant ‘Humanitarian’ Convoy Destroyed on Road near Aleppo (Video) The Daily Coin

the sakerYT Comment Геннадий Russian MoD, General Konoshenkov: No air strikes on the United Nations humanitarian convoy in the south-western outskirts of Aleppo, by Russian or Syrian air force took place. Due to the fact that the route of the convoy was passing through the territory controlled by the insurgents, the Russian Center of reconciliation of…

10:20

Future Dan: Staying A Step Ahead of Disaster (Video) The Daily Coin

future-dangerCan you predict the future? There are a great many people that now have the capability to see “trends” develop. Gerald Celente, Trends Journal, is one of the foremost authorities on Future Trends and has been following the future for over 30 years. George Ure and Clif High developed the first algorithm to track words and…

10:10

SYRIAN CEASEFIRE OFFICIALLY ENDS VIOLENTLY AFTER US ‘ACCIDENTALLY’ HIT ASSAD’S FORCES The Daily Coin

syria-guide-map1Editor’s Note: And this would be what the terror attacks here are meant to draw America’s attention away from…? Aleppo — Plagued by problems from the start, the latest ceasefire between the U.S.-backed rebels and the pro-Assad Syrian military in Aleppo is officially over, Reuters reported Monday. Writes the news agency: “Air raids hit aid trucks near the city of Aleppo…

10:00

Rock ‘n Poll The Big Picture

Click for an interactive explanation of how political polls are conducted. Source: Rock ‘n Poll

The post Rock ‘n Poll appeared first on The Big Picture.

09:50

The Central Bank of Russia Adds 700,000 Ounces of Gold The Daily Coin

goldThe Central Bank of the Russian Federation added 700,000 ounces (21.77 tons) of gold to its reserves in August. From January 2016 through August 2016, Russia has added over 110 tons of gold to reserves. August’s gold addition brings Russia’s gold holdings to over 1,527 tons; the sixth most of any nation. Russian Central Bank…

09:30

Will The Federal Reserve Maintain “Emergency Monetary Policy” Tomorrow? (Video) The Daily Coin

NOW! A Perfect Storm: Expect Stocks To Fall, Gold To Rise, Yields To Fall. By Gregory MannarinoYT Comment Jonathan Rossignol Here’s the thing about the housing market… very few people actually own their property anymore. The banks are just playing hot potato with these real estate assets, and the “owners” are the ones who feel the burn. Millennials are being foolish and buying their homes in a market that is entering…

09:14

More Troubling Evidence That Hillary Clinton Will Start WW3 – Part 2 Max Keiser and Stacy Herbert

Screen Shot 2016-09-20 at 2.16.34 PM

Here’s the most concerning part…

Putin, a former KGB agent, “doesn’t have a soul,” Clinton quipped on the eve of the 2008 New Hampshire presidential primary, riffing off of President George W. Bush’s comment seven years earlier that he had looked into Putin’s eyes and seen his soul.

The Russian leader retorted: “At a minimum, a head of state should have a head.”

Is this the sort of starting point you want from a new U.S. President? There’s a reason so many genuine progressives and liberals can’t stomach Hillary Clinton and refuse to vote for her. Sure, there’s the rampant embrace of cronyism and incessant oligarch coddling, but there’s also her penchant for bloodthirsty militarism.

Read more here.

09:11

Deutsche Bank rebuffs U.S. over $14 billion mortgage settlement Follow The Money

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http://www.bloomberg.com/news/articles/2016-09-15/deutsche-bank-asked-to-pay-14-billion-in-u-s-probe-wsj-says

Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S. Justice Department to settle an investigation into the firm’s sale of residential mortgage-backed securities, a figure that’s more than triple what some analysts estimated could be a potential worst-case.

“Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt. “The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts.”

Germany’s largest lender confirmed that it had started negotiations with the Justice Department to settle civil claims the U.S. may consider over the bank’s issuing and underwriting of residential mortgage-backed securities from 2005 to 2007. The $14 billion is considered an “opening bid” that could go “much lower,” according to the Wall Street Journal, which reported the figure shortly before Deutsche Bank issued its statement.

U.S. shares of Deutsche Bank tumbled 6.5 percent to $13.80 in extended trading at 7:03 p.m. in New York. The company’s stock has plunged 42 percent this year in Germany through the close of trading Thursday.

Justice Department spokesman Peter Carr declined to comment on the negotiations.

JPMorgan Chase & Co. analysts wrote in a note to clients earlier Thursday that a settlement of about $2.4 billion “would be taken very positively,” and that an agreement exceeding $4 billion would pose questions about the bank’s capital positions and force it to “build additional litigation reserves.”

Deutsche Bank Chief Executive Officer John Cryan, 55, has struggled to boost profits as unresolved legal probes and claims compound concerns that the lender will be forced to raise capital or sell assets. Reaching a mortgage deal would clear a major hurdle for the bank, which has paid more than $9 billion in fines and settlements since the start of 2008.

———-

“Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,”

ohh..a rogue bank!

“U.S. shares of Deutsche Bank tumbled 6.5 percent to $13.80 in extended trading at 7:03 p.m. in New York. The company’s stock has plunged 42 percent this year in Germany through the close of trading Thursday.”

DB is quite likely to be the next lehman..the $14bn wont mean anything when that happens..

401


Filed under: Germany, USA, World News

09:10

Herbal Oil That Can Cure Depression, Migraines, Anxiety, and Even Cancer The Daily Coin

image/naturalnews.comBy Twain Yobra For many years, frankincense oil has been used for therapeutic, religious and pharmaceutical purposes. Research shows that it offers many benefits like relieving pain, fighting inflammation, reducing stress, and fighting cancer. There are various ways to use this oil, you can either inhale it or absorb it through the skin. It can also be ingested…

09:09

Up to 50 killed, police officer burned alive during anti-government protests in Congo Follow The Money

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https://www.rt.com/news/359939-congo-protests-violence-police/

Between 17 and 50 people have been killed in Kinshasa, capital of the Democratic Republic of Congo, after thousands-strong protests against President Joseph Kabila turned violent.

The demonstration against Kabila on Monday attracted thousands of protestors, but clashes with the police and security forces broke out shortly after they began.

NGOs and the opposition have accused police of using tear gas to disperse demonstrators before opening fire with live ammunition. As the situation escalated, protestors burned cars and set up barricades in the streets.

Police officers also fell victim to the violence, with Reuters reporting that one was set on fire by an angry mob in retaliation for the shooting. The attack was later confirmed by Interior Minister Evariste Boshab.

AFP quoted an opposition statement as saying that at least 50 people were killed in clashes, which also called for further protests.

Earlier, a government statement said that at least 17 people were killed, including three police officers and 14 civilians. It was not immediately clear how all the civilians died, but pictures on social media show several people lying dead with gunshot wounds. The statement also warned that the death toll could rise.

A witness, who wished to remain anonymous, claimed while speaking to IBTimes UK that opposition figures were specifically targeted.

“Dozens wounded, including prominent opposition leader [Martin] Fayulu,” the witness said, “It’s clear that he was targeted, a bullet only just scraped his head. Only a few millimeters and it would have hit his skull. The worst was avoided.”

Protests also took place in the eastern city of Goma, but violence was avoided there. In the wake of the violence in Kinshasa, the government has declared the demonstrations illegal.

———

dr congo in the midst of more violence..its plagued this country..

“after thousands-strong protests against President Joseph Kabila turned violent.”

protests turn into bloodbaths..

“UN peace corps” might be next?

401


Filed under: Africa, DR Congo, World News

09:05

World must brace for global Zika epidemic Follow The Money

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http://www.9news.com.au/world/2016/09/16/08/54/world-must-be-ready-for-zika-epidemic

The world should prepare for a “global epidemic” of microcephaly, a condition which restricts head growth in foetuses, as the Zika virus takes root in new countries, researchers said Friday.

Scientists from Brazil and Britain said they had found additional evidence that Zika is what causes the often debilitating disorder, a link already widely accepted in medical circles.

In a study conducted among newborns in Brazil — hardest hit by a joint outbreak — nearly half of 32 infants with microcephaly had traces of Zika virus in their blood or cerebrospinal fluid, the team reported.

None of 62 infants born with normal heads tested positive for Zika in their blood.

This “striking association”, the researchers wrote in The Lancet Infectious Diseases journal, led them to “conclude that the microcephaly epidemic is a result of congenital Zika virus infection”.

If this is the case, “we should prepare for the epidemic of microcephaly to expand to all countries with current (local) Zika virus transmission and to those countries where transmission of the virus is likely to spread,” the team wrote.

“We recommend… that we prepare for a global epidemic of microcephaly and other manifestations of congenital Zika syndrome.”

The researchers also proposed adding Zika to a category of congenital infections known to happen before or during birth. The list includes toxoplasmosis, syphilis, rubella, cytomegalovirus, HIV and herpes.

Zika is a virus spread mainly by mosquitoes, but in rare cases via sex.

In most people, including pregnant women, it is benign with mild or no symptoms.

But in an outbreak that started mid-2015, it has been linked to microcephaly and rare, adult-onset neurological problems such as Guillain-Barre Syndrome (GBS), which can result in paralysis and death.

More than 1.5 million people have been infected with Zika, mainly in Brazil, and more than 1,600 babies have been born with microcephaly since last year, according to the World Health Organization (WHO).

There is no cure or vaccine.

The researchers said theirs was the first study to compare children with microcephaly to a “control” sample of healthy children — two controls for every malformed baby.

———-

brace yourself..and roll up your sleeve..

“We recommend… that we prepare for a global epidemic of microcephaly and other manifestations of congenital Zika syndrome.”

ok..

“More than 1.5 million people have been infected with Zika, mainly in Brazil, and more than 1,600 babies have been born with microcephaly since last year, according to the World Health Organization (WHO).”

blame the mozzies eh?

“There is no cure or vaccine.”

for now..but the “cure” will come..

401


Filed under: Brazil, UK, World News ...

09:03

What is BRICS member India really up to? Follow The Money

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https://www.rt.com/op-edge/359428-brics-member-india-escobar/

You may have never heard of LEMOA. In Global South terms, LEMOA (Logistics Exchange Memorandum Agreement) is quite a big thing, signed in late August by Indian Defense Minister Mohan Parrikar and Pentagon supremo Ash Carter.

As Carter spun it four months before the signing, LEMOA rules that US forces “may” be deployed to India under special circumstances. Essentially, Delhi will allow Washington to refuel and keep contingents and equipment in Indian bases – but only in case of war.

In theory, India is not offering the US any permanent military base. Yet considering the Pentagon’s track record that may of course change in a flash.

No wonder Indian nationalists were outraged – insisting there is no strategic gain out of this gambit, especially for a nation that is very proud of being one of the founders of the Non-Aligned Movement (NAM).

The cozying up to the Pentagon happens just a few months after Prime Minister Narendra Modi – who had been denied a US visa for nearly a decade – addressed a joint meeting of Congress in a blaze of glory, declaring that India and the US are natural allies” and calling for a closer partnership.

Modi went no holds barred, even referring to Gandhi’s influence on Rev. Martin Luther King’s nonviolent civil disobedience strategy – something that could not but earn him a standing ovation in Capitol Hill.

The “closer” partnership does involve military and nuclear issues. As Modi reminded Congress – which needed no reminding – the industrial-military complex sold weapons to India “from almost zero to $10 billion in less than a decade.”

Then there’s the US-India nuclear cooperation deal, which opens a window for US corporations to build and supply Indian nuclear power reactors. And eventually Washington is bent to share “some” – and the operative concept is “some” – military technology with Delhi.

Geopolitically, this all boils down to what happened recently in the Philippine Sea, as the US, Japan and India practiced anti-submarine warfare and air defense maneuvers; practical evidence of the “pivot to Asia”, as in re-tweaking Asia’s naval-security “order” to counteract – who else – China.

Continue here: https://www.rt.com/op-edge/359428-brics-member-india-escobar/

———

“LEMOA rules that US forces “may” be deployed to India under special circumstances. Essentially, Delhi will allow Washington to refuel and keep contingents and equipment in Indian bases – but only in case of war.”

how cosy..

“In theory, India is not offering the US any permanent military base. Yet considering the Pent...

09:00

Medical Care Costs Are Skyrocketing! Financial Sense

We try our best to stay away from sensationalism here at Financial Sense but this chart speaks for itself. Medical care costs have skyrocketed this year and are now at the highest annual growth rates since 2007, just prior to the last recession...

08:58

Lagarde says globalization’s benefits need to be shared by all Follow The Money

christine-lagarde-praises-justin-trudeau

http://www.bloomberg.com/news/articles/2016-09-13/lagarde-says-globalization-s-benefits-need-to-be-shared-by-all

World leaders need to better manage the frustration over the failure of globalization to deliver widely shared benefits, IMF Managing Director Christine Lagarde said.

While the world has enjoyed unprecedented economic progress over the last 70 years, the transformation has caused “dislocation and hardship,” Lagarde said in the text of a speech to be delivered Tuesday in Toronto.

“Growing inequality in wealth, income, and opportunity in many countries has added to a groundswell of discontent, especially in the industrialized world — a growing sense among some citizens that they ‘lack control,’ that the system is somehow against them,” Lagarde said.

History has shown that closing borders and increasing protectionism isn’t the solution, she said. Instead, countries need to extend the benefits of openness and integration, while alleviating the side effects, Lagarde said. “We need to make globalization work for all.”

Governments can help by creating a sound basis for growth, and fiscal policy needs to play a bigger role, Lagarde said.

Countries should also step up support for lower-skilled workers and strengthen social safety nets, she said. The U.S. could cushion job losses by raising the federal minimum wage and increasing the earned income-tax credit, she said.

She also encouraged countries to redouble their efforts to expand trade. “There is a growing risk of politicians seeking office by promising to ‘get tough’ with foreign trade partners through punitive tariffs or other restrictions on trade,” she said.

Republican U.S. presidential candidate Donald Trump has promised to impose tariffs on imported goods to protect American workers, an approach the IMF has said may actually hurt the U.S. economy.

———-

“countries need to extend the benefits of openness and integration, while alleviating the side effects, Lagarde said. “We need to make globalization work for all.”

ermm yeah..

great story..

“Countries should also step up support for lower-skilled workers and strengthen social safety nets, she said.”

what a revelation!

401


Filed under: Canada, USA, World Finances, World News

08:50

Green Beret’s “Blow the Whistle” on White House – “They have us Training ISIS, Al-Qaida Terrorists!” The Daily Coin

image/acting-man.comPresident Barack Obama is engaged in Felonious conduct,  mis-using the US Military to provide training, equipment and logistical support to ISIS, Al-Qaida and other Terrorists in Syria, in violation of Title 18, United States Code 2339A and 2339B.  These are “High Crimes and Misdemeanors” under American law and are Impeachable Offenses. “Nobody believes in it. You’re like, ‘Fuck…

08:30

ASTEROID TO STRIKE PLANET IN 3 DAYS? (Video) The Daily Coin

earthTDC Note – The short answer is probably not. #### YT Comment Bonnie P BP,they are not saying much about 2009ES and that’s because they don’t know what it’s trajectory is until after it goes around the sun to head back out to space and I am telling you that this is the one to…

08:30

Alarms Raised Over DARPA-Funded ‘Neural Dust’ The Event Chronicle

Alarms Raised Over DARPA-Funded 'Neural Dust'

Wireless Sensors Implanted in the Body: “Hacking Could Unleash Global Havoc”

Alarms are being raised over the recent advancements in a new DARPA-funded technology known as “electroceuticals,” with the possibility that dark forces could be unleashed in a world where millions have hundreds of tiny neural dust sensors gathering and transmitting the most personal of information into external computer networks. The fears being that non-state actors, hostile nations, and could hack into the most secure and sensitive databases, gaining access to in-body telemetry from a head of state or sending nefarious commands directly into their brain unleashing havoc.

Engineers at UC Berkeley have cracked the millimetre barrier producing the first dust-sized wireless sensor small enough to implant into the body and be parked next to a muscle, nerve or organ. These motes are sprinkled thoughout the body, bringing closer the day when a Fitbit-like device could monitor internal nerves, muscles or organs in real time. The neural dust sensor is born from a DARPA funded weapons program. (DARPA is also the organization responsible for creating the Internet).
We already have zero ability to keep foreign actors, hostile groups, not to mention cybercriminals, from hacking into the most secure and sensitive databases. If they gained access to in-body telemetry from a head of state or sent nefarious commands directly into their brain, what havoc they could wreak.

Wireless, batteryless implantable sensors could improve brain control of prosthetics, avoiding wires that go through the skull. (UC Berkeley video by Roxanne Makasdjian and Stephen McNally)

Because these batteryless sensors could also be used to stimulate nerves and muscles, the technology also opens the door to “electroceuticals” to treat disorders such as epilepsy or to stimulate the immune system or tamp down inflammation.

The so-called neural dust, which the team implanted in the muscles and peripheral nerves of rats, is unique in that ultrasound is used both to power and read out the measurements. Ultrasound technology is already well-developed for hospital use, and ultrasound vibrations can penetrate nearly anywhere in the body, unlike radio waves, the researchers say.

“I think the long-term prospects for neural dust are not only within nerves and the brain, but much broader,“ said Michel Maharbiz, an associate professor of electrical engineering and computer sciences and one of the study’s two main authors. “Having access to in-body telemetry has never been possible because there has been no way to put something supertiny superdeep. But now I can take a speck of nothing and park it next to a nerve or organ, your GI tract or a muscle, and read out the data.“

The sensor, 3 millimeters long and 1×1 millimeters in cross section, attached to a nerve fiber in a rat. Once implanted, the batteryless sensor is powered and the data read out by ultrasound. (Ryan Neely photo)

Maharbiz, neuroscientist Jose Carmena, a professor of electrical engineering and computer sciences and a member of the Helen Wills Neuroscience Institute, and their colleagues will report their findings in the August 3 issue of the journal Neuron.

The sensors, which the researchers have already shrunk to a 1 millimeter cube...

08:23

Investors nervous ahead of Fed meet The BRICS Post

Asian and emerging markets hope the Fed will hold off from increasing interest rates [Xinhua]

Asian and emerging markets hope the Fed will hold off from increasing interest rates [Xinhua]

Global stocks were uneven Tuesday ahead of an announcement from the Federal Reserve’s Open Market Committee on interest rates.

The FOMC began to meet today for a two-day conference which culminates in an announcement of fiscal policy on Wednesday.

While US Stocks opened higher on Tuesday Asian stocks closed in the negative.

The Benchmark Shanghai composite closed lower 0.10 to 3,022.99 while Hong Kong’s Hang Seng dropped 0.08 to 23,530.86.

In South Korea, the Kospi was the exception rising 0.49 per cent to 2,025.71.

In Japan, the Nikkei closed down 0.16 per cent to 16,492.15. Japanese investors are also nervous as the Bank of Japan meets on Wednesday to announce its assessment of the stimulus program and current negative interest rates.

Since the last FOMC meeting in August, markets have roller-coastered in speculation over every bit of economic data and every speech made by members of the FOMC.

US markets opened up lower last week as it seemed chances of a rate increase were beginning to peak. But by the end of trade on September 12, there was a considerable rebound after an influential fiscal policy and member of the FOMC said it was prudent to wait on an interest rate increase.

The longer the Federal Reserve holds raising interest rates at bay the better for emerging economies. Although lower oil prices this week meant that emerging market stocks fell for three consecutive days, in the long term it will be the impact of a Federal Reserve rate hike – or lack thereof – that will strongly influence their outlook.

On Tuesday, a day ahead of the FOMC meeting,the MSCI Emerging Markets – which measures equity market performance in some 23 emerging countries and comprises 10 per cent of global capitalization – rose 0.16 per cent to 899.72 before sliding back to 897.68.

Brazil’s benchmark ibovespa index in Sao Paulo, for example, has been among the best performing in emerging economies.

On Tuesday it began to reverse a three-day slump as it edged up 0.67 per cent to 57,736.46.

Predictions

At one point, some analysts said there was a 70 per cent chance the FOMC would raise rates in October.

But that has fallen dramatically on softening economic data.

August retail sales and manufacturing output fell more than expected amid weak purchases of automobiles and a range of other goods, data from the Federal Reserve showed late Thursday, while consumer prices rose beyond forecasts.

The fall points to cooling domestic demand that continues to diminish, with sales at department stores, notably, down five per cent on the year.

US services sector hit a 6.5 year low this month after sharp drops in production and orders.

The utilities sector has also witnessed a sharp decline in output, lowering overall US industrial production for the month of August.

Industrial output – which measures the productivity of sectors comprising manufacturing, mining; and electric and gas utilities – fell 0.4 per cent last month after a downwardly revised 0.6 percent increase in July.

Last month, manufacturing output also declined 0.4 percent.

Analysts believe there is little chance interest rates will be raised in October. Some say December is more likely.

At press time, the S&P 500 closed up 0.03 per cent to 2,139; the Dow Jones jumped 0.05 per cent to 18,129.

The Nasdaq rose 0.13 per cent to 5,241.04...

08:10

China continues to unload US debt ‘for yuan’s SDR entry’ The Daily Coin

china-2Belt, Road initiative creates pathways to UN 2030 agenda  China continued to cut its holdings in US Treasury securities in July, which experts mainly attributed to preparations for the yuan’s inclusion in the International Monetary Fund’s (IMF) Special Drawing Rights (SDR), effective October 1. China currently held about $1.22 trillion worth of US Treasury securities…

08:03

The Economy, the Stock Market and the Fed David Stockman's Contra Corner

John Hussman on Recent Developments We always look forward to John Hussman’s weekly missive on the markets. Some people say that he is a “permabear”, but we don’t think that is a fair characterization. He is rightly wary of the stock market’s historically extremely high valuation and the loose monetary policy driving the surge in […]

08:00

Strange Video: UFO Refueling by Sun? The Event Chronicle

Strange Video: UFO Refueling by Sun?

September 2016 – Space, Sun, distance of about 150 million kilometers from Earth – Watch this intriguing video. NASA filmed what seems to be an alien mothership refueling at the sun. The video footage is spectacular.

Recently NASA was being called upon to explain the presence of a mysterious giant black square or “cube” spotted apparently in orbit around the Sun in an image taken by the Solar Heliospheric Observatory (SOHO) spacecraft on May 2, 2016.

According to the UFO Blogger Scott Waring, who reported the discovery in a post to his blog on May 2016, NASA was using a black cube (see image below) to cover up an alien spacecraft that appeared in a SOHO image of the Sun.

Alien hunters say that the giant black cube covering a section of the image is yet another evidence of NASA scheming to hide evidence of alien UFO spacecraft.

ob_4c7b2d_film251-v3-1280x720

READ: Mystery ‘alien’ cube returns to orbit the sun as UFO-hunters accuse NASA of ‘cover-up’

This is not the first time that alien hunters claim to have caught NASA red-handed concealing evidence of UFOs behind black squares and cubes. Waring spotted a black patch in a SOHO image of the Sun earlier in 2011. And because he could tell that the black patch was not a UFO, he concluded it was the product of effort by an artless NASA technician to hide an alien UFO spaceship orbiting our Sun.

You can subscribe to Section 51 on Youtube and Follow on Facebook.

Source: Section 51

07:56

The Keynesian Deflation Humbug—–A Reality Check David Stockman's Contra Corner

Surprise, surprise, surprise. Following a string of unexpectedly poor economic reports, GDP estimates for third quarter are slowing ratcheting lower. …

Continue reading

07:50

The Latest 30 year Gold Bull Market The Daily Coin

goldIf gold is nothing more than a “barbarous relic” and held by central banks as nothing more than a “tradition” then why have central banks, at the same historical acquisition levels, began acquiring gold and increasing their official gold holdings? Central banks are turning back to gold purchases in line with a century of practice…

07:45

Great Causes, a Sea of Debt and the 2017 Recession David Stockman's Contra Corner

Great Cause NORMANDY, FRANCE – We continue our work with the bomb squad. Myth disposal is dangerous work: People love their myths more than they love life itself. They may kill for money. But they die for their religions, their governments, their clans… and their ideas. Famous French hippie and author Voltaire. He wears the […]

07:32

Earnings And Valuations Update; Still Nowhere Near Good David Stockman's Contra Corner

At the end of July with a majority of the 500 companies included in the S&P 500 index having reported their earnings, the tabulated EPS (as reported) was figured around $24.09. That was already down sharply from just a month earlier when compared to analysts’ expectations from just before Q2 earnings season started. In late...

07:30

Mornings With “V” Includes Update (Video) The Daily Coin

guerrillaYT Comment Rogue Money Warning: Someone edited this Vid at the 3:29 and a huge section of what was discussed was cut out and recut in at 3:30. This does nothing but make The Guerrilla extremely angry. This attack is Proof positive that the Economic Silver Back is the real deal. Red Shift +V the…

07:30

China to Perform Space Brain-Machine Interaction Experiments on Tiangong-2 The Event Chronicle

China to Perform Space Brain-Machine Interaction Experiments on Tiangong-2

China launched its second space station, Tiangong-2, on Thursday, according to state media reports, paving the way for a permanent space station that the country plans to build around 2022.

The launch of the new satellite comes five years after the country launched its first space station, Tiangong-1, in September 2011.

The space station Tiangong-2 is China’s first real space lab. A brain-computer interaction test system, developed by Tianjin University, has been installed in the lab and it is set to conduct a series of experiments in space, People’s Daily reported.

According to Ming Dong, the leader of the research team in charge of the brain-computer test system, the brain-computer interaction will eventually be the highest form of human-machine communication.

“The brain-computer interaction test system in Tiangong-2 boasts 64 national patents. The research team has long been devoted to the research of brain-computer interactions, previously developing two idiodynamic artificial neuron robotic systems that can help with the rehabilitation of stroke patients,” the publication wrote.

Regarding the use of such brain-computer interaction technology in space, the leader of the research team suggested that it could also help Tiangong-2 astronauts to more easily accomplish their assigned tasks.

For example, the brain-computer interaction can transmit the astronauts’ thoughts into operations, while at the same time observing their neurological functions.

Earlier in an interview with Sputnik, Russian military expert, Vasiliy Kashin, said that Tiangong-2 will allow Chinese astronauts to stay in orbit for 30 days, which is longer than ever before in the history of the Chinese space program.

The Tiangong-2, whose name means “Heavenly Palace,” will be used to test space technology and conduct medical and space experiments.

According to the military expert, in the future, a third module is planned for launch, in which a crew of 3 people will be able to stay in orbit for up to 40 days. The refueling technology of the orbiter is also planned to be developed in this module.

It should be noted that to date, China has managed to implement its program, in general adhering to its originally established schedule without any unforeseen accidents.

Thus, it is hoped that with the advent of the private Chinese space station, China will establish a permanent presence in space and will begin to experiment with long-term human experiments required for flights to other planets.

Source: Sputnik News

Related:

China Successfully Launches SpaceLab Tiangong-2

07:10

Bond Bubble has Finally Reached its Apogee The Daily Coin

Michael-Pento-TreasuriesBoston Fed President Eric Rosengren recently rattled markets when he warned that low-interest rates were increasing the temperature of the U.S. economy, which now runs the risk of overheating. That sunny opinion was echoed by several other Federal Reserve officials who are trying to portray an economy that is on a solid footing. And thus,…

07:00

US Admits Supplying Saudis With White Phosphorus Munitions The Event Chronicle

US Admits Supplying Saudis With White Phosphorus Munitions

Admit new evidence that Saudi Arabia has begun to use white phosphorus munitions in their war in Yemen, US officials are admitting that the weapons were provided by the United States “in the past.” They declined to say when, or how many weapons were provided.

White phosphorus munitions are heavily restricted in their usage under international law, allowed to be used only for smokescreens and signaling, but their incendiary properties and the risk of inhaling the smoke has made their use as an offensive weapon effectively a war crime.

The State Department said any country given the munitions was excepted to use them only in accordance with international law, and promised to look into the reports of Saudis improperly using the munitions during the Yemen war, saying the US would take “appropriate corrective action” if this is true.

The US has faced growing pressure in recent months over arms sales to Saudi Arabia, as their airstrikes in Yemen have caused massive numbers of civilian casualties. US officials have tried to downplay the matter, so far, but every new disastrous airstrike adds to the calls from international human rights groups for the US to stop abetting the kingdom’s war crimes.

Source: Antiwar
Via: Antimedia

06:59

The Biggest Washington Whopper Yet David Stockman's Contra Corner

You can’t find lazier people than in the mainstream financial press, but their exuberant cheerleading about the purported 5.2% gain in the real median household income in 2015 surely was a new high in mendacity. And we are not talking about the junior varsity here: The Washington Post was typical with a headline of superlatives followed by even more…

06:50

The Housing Market Is Going To Crash Again The Daily Coin

dollar housingI’ve worked through four bubbles – they all end the same…I think the flippers in Denver metro are driving the under $400,000 price to a frenzy and the over $500,000 in the burbs are dropping in price. Some of these flippers have 8-10 houses at the same time. A little jiggle and they will dump.…

06:45

Wells Fargo Executive Responsible For Scandal Walks Away With $125 Million The Event Chronicle

Wells Fargo Executive Responsible For Scandal Walks Away With $125 Million

Carrie Tolstedt, former head of Consumer Banking at Wells Fargo, will “retire” later this year $125 million richer.

By Whitney Webb

Following a massive scandal that defrauded millions of its customers, Wells Fargo has come under even more scrutiny after it rewarded the executive responsible for the fraud with $125 million. Carrie Tolstedt, who will leave her position later this year, was in charge of consumer banking, the unit of the bank responsible for opening more than 2 million unauthorized customer accounts in a scandal that cost Wells Fargo $185 million in fines. Richard Cordray, head of the Consumer Financial Protection Bureau, said that:

“It is quite clear that [the actions of Tolstedt’s unit were]unfair and abusive practices under federal law.”

Yet, in July, when the extent of the fraud was well known to Wells Fargo executives, CEO John Stumpf praised Tolstedt as a “standard-bearer” for the bank and for being “a champion for our customers,” further illustrating that criminal behavior is just “business as usual” for one of the US’ largest banks. Tolstedt’s sudden decision to “retire”allegedly had nothing to do with the scandal, according to an official statement from the bank. Wells Fargo claimed it was based “on a personal decision to leave the bank after 27 years.” Upon leaving, Tolstedt will receive $124.6 million in stock options, and restricted Wells Fargo shares on top of her $1.7 million salary for this year. If Tolstedt had been fired, she would have had to give back at least $45 million of that money, possibly more.

The fallout from Carrie Tolstedt’s lucrative payday was immediate. Outrage over Tolstedt’s retirement package has now led Wells Fargo to announce it will eliminate all product sales goals in retail banking starting next year. These sales goals were allegedly a major source of motivation for the fake account fraud and could, potentially, prevent it in the future. However, this gesture on the part of Wells Fargo may be too little too late as 5 lawmakers have called for an investigation into the bank this past Monday, and the bank has received subpoenas from three different US attorneys’ offices over the last week. Will Wells Fargo suffer actual penalties if the government gets involved? It seems doubtful.

Recently, Wells Fargo openly admitted to defrauding and deceiving the federal government about its housing loans from 2001 to 2008. Their punishment? No one was fired. No one was punished. Another fi...

06:30

Damned If They Do And Damned If They Don’t (Video) The Daily Coin

peter schiffAs most of you know our economy is in serious trouble. We should all take time each day to focus on our personal economy and think of improvements that could be made. Small changes in ones personal economic habits make a huge difference at the end of the day, week, month and year. If each…

06:30

Over 1.5 Billion Birds Have Vanished from North America in Just 40 Years The Event Chronicle

Over 1.5 Billion Birds Have Vanished from North America in Just 40 Years

By Nika Knight

North America has lost more than a billion birds over the past 40 years, says the most comprehensive survey of landbird populations in Canada and the U.S. to date, and 86 species are threatened with total extinction—all thanks to human-caused habitat destruction and climate change.

Among those 86 species, 22 have already lost at least half of their population since 1970 and are projected to lose another 50 percent of their numbers within the next 40 years,” reports the Canadian Press. “For at least six species, this ‘half-life’ window is fewer than 20 years.”

“The information on urgency is quite alarming,” said co-author Judith Kennedy of Environment Canada to theCanadian Press. “We’re really getting down to the dregs of some of these populations.”

“I don’t want my grandchild to go out in the forest and not hear the songbirds in the spring, and that seems to be where we’re headed right now,” Andrew Couturier, senior analyst at Bird Studies Canada and a co-author of the report, told the Globe and Mail.

The report (pdf) by Canadian conservation group Partners in Flight was released in August but was first widely reported on Wednesday by the Canadian Press and Globe and Mail.

The California condor, Gunnison sage grouse, ivory-billed woodpecker, and Bachman’s warbler are a few of the more well-known species on Partners in Flight’s “Red Watch List,” meaning they are the most at risk of extinction.

Those facing the most dramatic population declines are grassland birds, sagebrush and desert scrub species, “and forest species dependent on specialized structural features or natural disturbance,” the report says.

Indeed, another recent study just confirmed that the habitat of endangered sage grouses in 11 Western U.S. states is being torn up because of “rampant” oil, gas, and gold mining, precipitating the devastating loss of most of their chicks, the Washington Post reported Thursday.

The Globe and Mail notes: “Even relatively abundant birds are dwindling in number, th...

06:10

Elizabeth Warren to CEO of Wells Fargo – “You Should Resign, You Should Be Criminally Investigated” The Daily Coin

elizabeth-warren-twitterAs was widely expected, the main event during today’s John Stumpf hearing before the Senate Banking Committee was the moments when anti-bank crusader, Elizabeth Warren would get to the mic. She did not hold back, and immediately launched into a full-blown attack on the one topic Americans find most disturbing: the utter lack of accountability,…

06:10

Global Bankers Self Destruct in 5, 4, 3, 2…. The Daily Coin

image/youtube screen grabIt’s the penultimate day before the Fed and Bank of Japan destroy what’s left of their “credibility” – and my god, it’s an utter horror show of economic implosion, monetary lunacy, political and corporate corruption, market and data manipulation, and military and diplomatic provocation out there.  Typically, I “calm” myself in such situations by realizing…

06:07

This Chart Explains the Dow Jones Problem Future Money Trends

This Chart Explains the Dow Jones Problem

The political firestorm is in full swing, yet one sector of society has been alarmingly quiet. For all of last week, the Dow Jones Industrial Average went nowhere, gaining a pitiful 0.2%. Worse, it ended last week on a bum note, down half-a-percent, or nearly 89 points. With all that's been going on domestically and internationally, we would expect the markets to react one way or the other. Instead, it's been a deafening pensiveness.

In certain cases, no news is good news. But with the markets theoretically being an aggregate of all available information, the sideways trend is fairly ominous. Consider that human psychology is more risk averse than it is reward-seeking. Studies show that the pain of losing is much more intense the joy of winning. Therefore, most investors tend to err on the side of caution. And that means there is a psychological probability that the markets will fall from where they are.

But let's play devil's advocate. Suppose that we are bullish on blue-chip equities. What would be our logical upside target? Are we going to hit the psychological threshold of 19,000 points? That would be an amazing run on paper, but it's only a 5% gain from the Dow Jones' current valuation of 18,124 points. And what would get the markets to go that high? The labor market, perhaps a surge in economic activity and thus, GDP growth?

It's unlikely that any of those things are in the cards. If the economy could be improved by pulling on specific levers, those levers would have been pulled long ago. Come on! We're in a heated political climate. The balance of power in the Supreme Court hangs tenuously. If there was any way the Democrats could game the fiscal system to their favor, they would have generously taken advantage of it.

This Chart Explains the Dow Jones Problem - Chart

Instead, what we're actually left with is a technical chart of the Dow that simply doesn't inspire confidence. Recent trades have only gone sideways, and are occurring below the 50 day moving average. That's just inviting a trip down to the 200 DMA, or a 3% drop. But from the beginning of April, the Dow Jones looks like its charting a broadening wedge pattern. Worse, if this is the case, we're in the mid-development phase of the pattern.

That implies massive volatility. Again, if the pattern holds correct, the Dow would be facing at least 16,600 points over the next few months. That's more than an 8% loss. But corrections are rarely so neat. If the markets fall, they could fall big time. Ultimately, we would be staring at a risk-to-reward ratio of 2:1, or greater.

That's too rich for my blood.

06:05

What the Fed and the Feds Have Done to Us, and How to Reverse It David Stockman's Contra Corner

David Stockman, himself of the Reagan Administration, recounts the horrific economic policies of recent administrations, describes their consequences, and proposes solutions. Hint: they include abolishing the Federal Open Market Committee, which the Fed uses to make monetary policy. Source: Ep. 741 David Stockman: What the Fed and the Feds Have Done to Us, and How…

06:05

The Three Ugly Sisters of Transatlantic Trade: TTIP, CETA and TISA The Event Chronicle

The Three Ugly Sisters of Transatlantic Trade: TTIP, CETA and TISA

By Julian Rose

One knows to be on one’s guard immediately one hears that the USA and the European Union are negotiating some ‘big deal’ on transatlantic trade. Sure, big deal – in trading terms – typically means big power, big money and big mess. But when one also hears that it’s all being done in secret, then one has to add ‘big scam’ too.

The designers of the trade agreements claim that they will bring greater GDP and more jobs at both ends; a view which has been widely challenged by those likely to be on the receiving end.

So let’s spell it out: TTIP stands for Transatlantic Trade and Investment Partnership. It’s Big Brother brokering new trade deals between the USA and the European Union. CETA stands for Comprehensive Economic and Trade Agreement. It is pretty much the same deal, but is being brokered by Canada and the European Union. And lastly there’s TISA, for Trade in Services Agreement, also involving the USA and EU, with some other countries in on the act. Here, it is ‘services’ that are under the spotlight.

Common to all of these is the fact that ‘we the people’ are being kept entirely out of the picture. All negotiations are being hidden from public scrutiny, with special ‘secret courts’ being established in off-shore venues, where national governments can be sued if they are accused of protecting the right to prohibit certain imports or maintain trade tariffs.

For example, the majority of countries in the EU do not allow most varieties of genetically modified seeds and plants that the US seeks to export. This would raise an immediate dispute under the protocol of TTIP.

Such a position will be re-scrutinized under the terms of these new trade agreements. US hormone-enriched beef and chlorine-washed chickens are another example of products currently blocked by the EU, and for good reason. There are many such controversies that all find their place in a negotiating time-table designed to get a comprehensive new trade package into law as soon as possible, with no parliamentary intervention and no public vote.

Pause for breath. Just what is going on here? Let’s call a spade a spade: it’s a massive and fraudulent attempt by multinational corporations to wrest a further degree of control over global trading, thereby undermining the ability of nation states to administer their own trading laws.

TTIP, CETA and TISA can, for the sake of this summary, all be seen through the same lens. In each case, multinationals’ extensive role in creating new regulations opens the door to a race to the bottom in standards of quality set for foods, the environment and public services. In the case of TISA, governments are being pushed into accepting a mandatory privatization of public services – an overt way of giving big business the say-so in all matters of public interest.

In the UK, the National Health Service would be particularly vulnerable. But so would thousands of government backed, or supported, social enterprises throughout Europe.

Under TTIP/CETA we would see the end of such individual delights as the Cumberland sausage and the Cornish pasty. The Parmigiano-Reggiano, Black Forest Gateau and Alsace Grand Cru. No domain names would be allowed in this free trade free-for-all.

Fighting to save these products will be an uphill task. The defenders would need to familiarize themselves with ‘ISDS’ (Investor State Dispute Settlemen...

06:01

No, the Fed Doesn't Have a Plan. Yes, the Fed Really is Monetizing Government Debt Mises Blog

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No, the Fed Doesn't Have a Plan. Yes, the Fed Really is Monetizing Government Debt

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Oh, what a difference a few years make.

After the Crash of '08, the Fed entered a period of "extraordinary" monetary policy marked by large scale purchases of Treasuries and other (worse) securities from commercial banks. This process, termed quantitative easing, began in November 2008 as a supposedly temporary measure to provide liquidity (and thus operational stability) to the banking sector. A Wall Street crisis would become a Main Street crisis otherwise, the story went.

As recently as 2013, Fed officials spoke quite confidently about returning the size of the Fed's balance sheet to "pre-crisis" levels. In other words, the unprecedented expansion of the monetary base — from less than $1 trillion to more than $4 trillion — would be reversed. The Fed had a plan!

Here is St. Louis Fed President James Bullard in 2010:

The (FOMC) has often stated its intention to return the Fed balance sheet to normal, pre-crisis levels over time. Once that occurs, the Treasury will be left with just as much debt held by the public as before the Fed took any of these actions.

Furthermore, Fed officials were adamant that QE did not and would not amount to central bank monetization of government debt. According to Fed economists David Andolfatto and Li Li, the question hinges on what the Fed intends to do with its portfolio over the long term. Provided the swollen balance sheet created by QE returns to pre-crisis levels, the Fed is merely acting according to its dual mandate and stabilizing the economy. Here's the forthright statement from the St. Louis Fed in 2013:  

For example, the FOMC has made unusually large acquisitions of longer-term securities, including Treasury debt. But is this debt a permanent acquisition? Or will its stay on the Fed's balance sheet be temporary? Andolfatto and Li address these questions:

  • If this accumulated Treasury debt is supposed to be permanent, then it is reasonable to expect that the corresponding supply of new money would also be permanent and would remain in the economy as either cash in circulation or bank reserves, Andolfatto and Li write. As the interest earned on the securities is remitted to the Treasury, the federal government essentially can borrow and spend this new money for free....

05:50

Protect Your Vehicle From an EMP with this Simple Strategy The Daily Coin

EMP burstReadyNutrition Readers, there have been a tremendous number of world happenings that has placed all of us in a precarious situation.  The past several months have seen successive tests of missiles, with a nuclear test as well (Friday 9/9/16) by North Korea.  Iran and North Korea have been exchanging missile technology, supplemented by the Russians…

05:45

FBI Director Says He Covers His Webcam — And That You Should Too The Event Chronicle

FBI Director Says He Covers His Webcam — And That You Should Too

By Josie Wales

FBI Director James Comey spoke at the Center for Strategic and International Studies in Washington earlier this week to discuss the importance of cybersecurity. During the discussion, Assistant Attorney General John Carlin asked Comey if he still had his webcam covered with tape, a question referencing previous statements by the director. Comey replied, “Heck yeah, oh, heck yeah.” He continued to encourage the public to do the same thing:

I get mocked for a lot of things, and I am much mocked for that, but I hope people lock their cars. Lock your doors at night. I have an alarm system — if you have an alarm system, you should use it. I use mine. It’s not crazy that the FBI director cares about personal security as well, and so I think people ought to take responsibility for their own safety and security. There are some sensible things you ought to be doing, and that’s one of them. If you go into any government office, we all have our little camera things that sit on top of the screen, they all have a little lid that closes down on them. You do that so people who don’t have authority don’t look at you. I think that’s a good thing.

This isn’t the first time the FBI Director has mentioned his homemade security measures. During a Q&A after a speech on encryption and privacy at Kenyon College earlier this year, during which he claimed “absolute privacy hampers law enforcement,” he also admitted to wanting his own privacy.

I saw something in the news, so I copied it. I put a piece of tape — I have obviously a laptop, personal laptop — I put a piece of tape over the camera. Because I saw somebody smarter than I am had a piece of tape over their camera.

In the same breath, he also told the audience:

[The public should] demand to know how the government conducts surveillance. Demand to know how they’re overseen, how they’re constrained. Demand to know how these devices work.

While that may seem open and honest, the message being sent by the U.S. government completely contradicts such a sentiment.

Whistleblower Edward Snowden provided some insight when he revealed the expansive and unaccountable systems of modern global surveillance used by the NSA and its international intelligence partners to spy on American citizens and others. He is now hiding in Russia to avoid extradition to the U.S. after being charged under the 1917 Espionage Act.

So, according to FBI Director Comey, it’s okay to ask if the government is spying on you — but the answer is classified.

Source: Antimedia

05:37

Freeing Electric Cooperatives from Fossil Fuel Serfdom? Grassroots Economic Organizing

This week Ed Marston, former board member of the Delta-Montrose Electric Association in western Colorado, joins John Farrell on Local Energy Rules to talk about the electric cooperative world. He highlights the good, the bad, and what his and other cooperatives are doing to spur clean energy investment in a region that so desperately needs local economic development.

Read the rest at Institute for Local Self-Reliance

 

Go to the GEO front page

05:32

Economic Self-Governance in Democratic Autonomy: The Example of Bakûr Grassroots Economic Organizing

This communal economy is portrayed as a third-way alternative to economic liberalism and centralized planning.7 The communal economy is localized as a shared, solidarity-based and collectivized economy, and is seen as the economy closest to the traits held by the societies of Kurdistan. In the communal economy, social necessities and use-values are prioritized in place of individual needs. The movement aims to socialise production in the communal economy through the communes and cooperatives, eliminate the wage-relation through collective labour, and create solidarity-based markets to improve the self-governance of the economy. In summary, an economic order in favour of nature, women and social justice.

Read the full article at Cooperativa Integral Catalana

 

Go to the GEO front page

05:30

A Dire Warning – ‘Someone Is Learning How to Take Down the Internet’ The Event Chronicle

A Dire Warning – ‘Someone Is Learning How to Take Down the Internet’

By Michael Krieger

When Bruce Schneier writes a post titled, Someone Is Learning How to Take Down the Internet, you better listen.

Read his post below and share widely:

Over the past year or two, someone has been probing the defenses of the companies that run critical pieces of the Internet. These probes take the form of precisely calibrated attacks designed to determine exactly how well these companies can defend themselves, and what would be required to take them down. We don’t know who is doing this, but it feels like a large nation state. China or Russia would be my first guesses.

First, a little background. If you want to take a network off the Internet, the easiest way to do it is with a distributed denial-of-service attack (DDoS). Like the name says, this is an attack designed to prevent legitimate users from getting to the site. There are subtleties, but basically it means blasting so much data at the site that it’s overwhelmed. These attacks are not new: hackers do this to sites they don’t like, and criminals have done it as a method of extortion. There is an entire industry, with an arsenal of technologies, devoted to DDoS defense. But largely it’s a matter of bandwidth. If the attacker has a bigger fire hose of data than the defender has, the attacker wins.

Recently, some of the major companies that provide the basic infrastructure that makes the Internet work have seen an increase in DDoS attacks against them. Moreover, they have seen a certain profile of attacks. These attacks are significantly larger than the ones they’re used to seeing. They last longer. They’re more sophisticated. And they look like probing. One week, the attack would start at a particular level of attack and slowly ramp up before stopping. The next week, it would start at that higher point and continue. And so on, along those lines, as if the attacker were looking for the exact point of failure.

The attacks are also configured in such a way as to see what the company’s total defenses are. There are many different ways to launch a DDoS attack. The more attack vectors you employ simultaneously, the more different defenses the defender has to counter with. These companies are seeing more attacks using three or four different vectors. This means that the companies have to use everything they’ve got to defend themselves. They can’t hold anything back. They’re forced to demonstrate their defense capabilities for the attacker.

I am unable to give details, because these companies spoke with me under condition of anonymity. But this all is consistent with what Verisign is reporting. Verisign is the registrar for many popular top-level Internet domains, like .com and .net. If it goes down, there’s a global blackout of all websites and e-mail addresses in the most common top-level domains. Every quarter, Verisign publishes a DDoS trends report. While its publication doesn’t have the level of detail I heard from the companies I spoke with, the trends are the same: “in Q2 2016, attacks continued to become more frequent, persistent, and complex.”

There’s more. One company told me about a variety...

05:30

The Entire Economic System Is One Big Illusion: Charles Hugh Smith (Video) The Daily Coin

chart economyThe banking cabal has been in charge for far too long. The endless ponzi schemes like QE, ZIRP and the US dollar itself. The world reserve currency is the US dollar and this has allowed the US Treasury, in conjunction with the Federal Reserve, to export our inflation to other countries around the world. The…

05:10

Continuity Plan The Daily Coin

clock preparedness public domainI guess I have always been a survivalist. As a small child during the Cuban Missile Crisis, I remember bugging out from our house near a SAC bomber base in Florida to a piece of land my dad owned about 70 miles away. I was awakened in the middle of the night by my parents,…

05:02

China’s Red Ponzi Was Built On The Biggest Dollar Short Ever David Stockman's Contra Corner

As if we needed more evidence, the Chinese liquidity system is stuck. As much as authorities in China might complain about the global credit-based reserve currency system, as PBOC Governor Zhou Xiaochuan put it in March 2009, and quietly seek out its replacement, they not only allowed it to happen they quite eagerly participated in...

05:01

10 Ways You Can Really Save Money Future Money Trends

10 Ways You Can Really Save Money

Dear Reader,

This is an essay I wrote over two years ago, and it went completely viral and made it on several major publications. I think it’s a true classic to share, and there really isn’t any other like it.

What inspired me to write it was after two decades of reading personal finance articles, I finally got sick and tired of clicking on headlines about saving money, only to see a re-hash of obvious advice.

I wanted to present some ideas that are drastic, yet doable, so here are my top 10 ways to save some real money. If you’re already wealthy, perhaps you can share these ideas; if you’re broke, then consider implementing them.

Now, these ideas might upset you, so just remember I am not in charge of your life -- you are -- so you can do whatever you want. But please don’t complain about not having any money… because clearly I have found some ways to help you keep more of your cash.

1. Get rid of your pet. I saw a recent study that showed the average dog costing anywhere from $100 to $200 a month!

That’s $1,200 a year on the low end. Think about that… that’s like 2% of the average annual income. I know pets can add value to your life, but if you are tight on money or looking to get ahead early in life, get rid of your dog, cat, aquarium, etc.

2. Sell your TV and cancel the cable bill. Basing it off of my own cable bill, which is actually not a cable bill anymore, it’s a Verizon Fios bill, and I pay about $80 for the basic setup. That’s $960 a year!

Replace the cable bill with Netflix and Hulu, or search around for what you want to watch on YouTube or the actual channels’ website themselves. I remember I used to watch the show 24 on Fox.com since I didn’t have a DVR at the time. The fact is with the Internet, no one truly needs a cable bill anymore.

3. Stop eating meat. It’s overpriced and it really isn’t that healthy for you anyway. Instead, eat beans and raw nuts for your protein. Think of all the money you will save by grilling vegetables and eating salads. I have no clue how much you would save, but I would bet it’s about 25% of your grocery bill and 50% of your eating out money, since salads are about 50% less than a steak.

4. Drive a cheap car with great gas mileage. First off, you should NEVER have a car payment; if you do, I would recommend you sell that car and get out of that situation. Your life is too short to be making payments for the vehicle that gets you from point ‘A’ to ‘B.’ When I was young, I drove a 1992 Toyota pickup that squeaked 40 to 50 yards prior to stopping.

I remember on many occasions squeaking that thing right into my favorite steak house valet, parked right next to all the Bentleys. A car shouldn’t be a matter of pride, especially if you are just borrowing money to drive it – then the pride is artificial. Own your car and drive one with great gas mileage. You can literally double your gas mileage in some cases.

5. Freeload. Start heading to your mom’s house at around 4:30pm and your grandmother’s before you head to work. Not only will you get a great, free meal, but the time you spend with your loved ones will be priceless.

6. You will hate me for this one, but get rid of your smartphone. I know, how could I even include it?

That’s like asking people to get rid of a body part, but hey… I told you t...

05:01

Chart Of The Day: 52% Of New Jobs Since June 2009 Are Due To The BLS “Birther” Theory David Stockman's Contra Corner

https://realinvestmentadvice.com/business-insider-unwittingly-exposes-bls-employment-error/  

05:00

Bayer may rebrand Monsanto to ‘get beyond the reputation thing’ The Event Chronicle

Monsanto

German pharmaceuticals giant Bayer, which last week agreed to acquire GMO maker Monsanto, may get rid of the US company’s brand name to improve the firm’s reputation.

Bloomberg article titled, ‘Heroin, Nazis, and Agent Orange: Inside the $66 Billion Merger of the Year,’ didn’t help.

People familiar with internal discussions at Bayer said the aspirin inventor is considering the name change to avoid sullying its reputation. They also said no decision has been made yet, and Bayer’s managers could have some time to think it over.

Following the purchase agreement, Bayer CEO Werner Baumann said there’s an opportunity for the companies to jointly “get beyond this image and reputation thing” by building on the trust Bayer enjoys in Europe. In May the drug maker was named the world’s most reputable pharmaceutical brand by the Reputation Institute.

The $66 billion acquisition deal, which is now being closely scrutinized by antitrust regulators, is expected to be completed by the end of 2017. If the deal goes through it will make Bayer the world’s biggest seed and pesticide producer.

Bayer and Monsanto claim the combined companies will have better opportunities to research new products in order to help farmers produce more food. Opponents of the deal argue that will drive up prices for farmers and increase the spread of genetically modified seeds.

Monsanto which is one of the world’s leading manufacturers of genetically modified seeds has long been criticized in Europe, with many consumers skeptical of GMO-derived produce.

According to Marc Tuengler, chief of DSW, a German association that advises small investors on proxy votes, the Monsanto deal gives Bayer the opportunity to redeem a tarnished brand and highlight the benefits of the company’s products.

“With the right signals, the right decisions, Bayer can show what will be changed,” Tuengler said. “Monsanto has a better chance of improving its reputation under Bayer’s roof.”

Source: RT News

Related:

Complete History of BAYER — One of the Biggest Depopulationist Companies in the World
Biggest German M&A Deal Ever: Monsanto Accepts Bayer’s $66 Billion Takeover Offer, Creating Agri-Giant
Chemical giant Bayer loses libel action over pesticide ha...

04:57

The House Intelligence Committee’s Terrible, Horrible, Very Bad Snowden Report David Stockman's Contra Corner

By BARTON GELLMAN Late yesterday afternoon the House Permanent Select Committee on Intelligence released a three-page executive summary (four, if we count the splendid cover photo) of its two-year inquiry into Edward Snowden’s National Security Agency (NSA) disclosures. On first reading, I described it as an “aggressively dishonest” piece of work. With a day or so to reflect…

04:50

Gasoline Pipeline Shutdown To 50 Million People On East Coast The Daily Coin

oilspillThe Colonial Pipeline runs from Texas to New York and supplies gasoline to an estimated 50 million people a day on the East Coast. On September 9, a 36-inch pipeline was shut down near Birmingham, Alabama where a major ‘leak’ was discovered. The shutdown of Colonial Pipeline service to ‘Line 1’ which normally transports 1.3 million…

04:45

With Rule 41, Little-Known Committee Proposes To Grant New Hacking Powers To The Government The Event Chronicle

With Rule 41, Little-Known Committee Proposes To Grant New Hacking Powers To The Government

By Rainey Reitman

The government hacking into phones and seizing computers remotely? It’s not the plot of a dystopian blockbuster summer movie. It’s a proposal from an obscure committee that proposes changes to court procedures—and if we do nothing, it will go into effect in December.

The proposal comes from the advisory committee on criminal rules for the Judicial Conference of the United States. The amendment [PDF] would update Rule 41 of the Federal Rules of Criminal Procedure, creating a sweeping expansion of law enforcement’s ability to engage in hacking and surveillance. The Supreme Court just passed the proposal to Congress, which has until December 1 to disavow the change or it becomes the rule governing every federal court across the country.  This is part of a statutory process through which federal courts may create new procedural rules, after giving public notice and allowing time for comment, under a “rules enabling act.”1

The Federal Rules of Criminal Procedure set the ground rules for federal criminal prosecutions. The rules cover everything from correcting clerical errors in a judgment to which holidays a court will be closed on—all the day-to-day procedural details that come with running a judicial system.

The key word here is “procedural.”  By law, the rules and proposals are supposed to be procedural and must not change substantive rights.

But the amendment to Rule 41 isn’t procedural at all. It creates new avenues for government hacking that were never approved by Congress.

The proposal would grant a judge the ability to issue a warrant to remotely access, search, seize, or copy data when “the district where the media or information is located has been concealed through technological means” or when the media are on protected computers that have been “damaged without authorization and are located in five or more districts.” It would grant this authority to any judge in any district where activities related to the crime may have occurred.

To understand all the implications of this rule change, let’s break this into two segments.

The first part of this change would grant authority to practically any judge to issue a search warrant to remotely access, seize, or copy data relevant to a crime when a computer was using privacy-protective tools to safeguard one’s location. Many different commonly used tools might fall into this category. For example, people who use Tor, folks running a Tor node, or people using a VPN would certainly be implicated. It might also extend to people who deny access to location data for smartphone apps because they don’t feel like sharing their location with ad networks. It could even include individuals who change the country setting in an online service, like folks who change the country settings of their Twitter profile in order to read uncensored Tweets.

There are countless reasons people may want to use technology to...

04:31

Tuesday assorted links Marginal REVOLUTION

1. Bill Cosby was once an important role model (pdf).

2. In fact, you can’t make that much money naming Chinese babies.

3. “But now there is a stochastic, episodic nature to many careers. As workers get older, potential employers become more suspicious of their skills, not more confident in them. As a result, you often meet people who had been happiest at work in middle age, and then moved down to a series of positions they were overqualified for and felt diminished in.”  That is from David Brooks.

4. Is Peter Thiel right about Chicago?

5. Explaining preferences for redistribution.

The post Tuesday assorted links appeared first on Marginal REVOLUTION.

04:30

China Facing FULL BLOWN Banking Crisis According to Global Bank! (Video) The Daily Coin

chinaYT Comment leftslayer I agree David, China will get caught in this global reset. . But things will get interesting in a couple of weeks , with the IMF …China seems confident with the soon to be introduced gold back yuan. .. keep up the good fight, bro!! Now is the time to either redouble…

04:25

No. 834: August 2016 Housing Starts, Freight Index Shadow Government Statistics

(SGS Subscription required) • Monthly Drops in August Housing Starts and Building Permits More than Offset Prior-Period Gains • Both Starts and Permits Held in Smoothed, Non-Recovering, Low-Level Stagnation; Still Shy of Pre-Recession Highs by 50% • August Freight Index Indicated a Deepening Recession

04:15

Jim Willie: US Dollar Faces 30% Devaluation As BRICS Prepare Return of Gold Standard! The Event Chronicle

Gold

By Jim Willie

The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They are instead aligned with support of the power structure where big banks conduct self-dealing and print money for themselves.

Consider many of the Fascist Business Model messages, laced within the endless din of propaganda. Their messages are all false, in support of the existing power structure in place. The Jackass privately calls it Reich Economics, a truly broken appendix to the demonstrably broken Keynesian chapters of heretical economics. The West has followed the methods of John Maynard Keynes, who also held disdain for the Gold Standard. In doing so, the West has destroyed the financial platforms, eroded the capital formation devices, polluted the business arenas, and put the entire USEconomy at risk of systemic failure. 

The only success of the model is preservation of power, which soon will come to an end.

Consider the many primary tenets of what the Jackass disparagingly calls Reich Economics, the phony standards of destructive economic and financial practices. They are all embedded in heresy. The public and financial professionals are coerced to accept the heresies as dogma, passed on by the high priests at the USFed and Wall Street banks. They are all highly destructive, yet widely accepted as valid and firmly in place.

ECONOMIC HERESIES

Quantitative Easing, the USFed initiative of bond purchases, is considered stimulus. It is not. Instead, it undermines the entire sovereign bond market. It encourages legitimate investors to dump USTreasury Bonds to the USFed itself, while other legitimate investors refuse to buy USTBonds. The effect is to force hedging against the hyper monetary inflation, to raise the cost structure, and to eliminate the profit margins. Entire businesses and business segments shut down, retire their capital, and slash jobs. QE saves the big banks by providing liquidity to insolvent financial structures. At the same time, by saving the Too Big To Fail banks, QE destroys the integrity of the entire USEconomy, if not the entire Western Economy.

Zero Interest Rate Policy is considered as a kick-start to the USEconomy, another stimulus. It is not. Instead, it distorts the price of money, distorts the financial market, and results in tremendous misallocation of capital. It also encourages a vast casino, whereby investors try to profit from anticipating the USFed itself. The nation has thus lost its way, unable or unwilling to pursue the correct fruitful path of capital formation, business creation, product development, job hiring, and profit generation. Worse, the entire industries of insurance and pensions are systematically destroyed, from the ultra-low interest rate. They cannot sustain their business models without the proper income from their books of business. Lastly, the ultra-low rate does not reward savers. Little known, the volume of co...

04:10

Major fire engulfs Lesbos refugee camp, thousands evacuated The Daily Coin

fire preparednessAround 4.000 refugees have been evacuated by the authorities on the Greek island of Lesbos after a massive blaze swept through a migrants’ camp. “Between 3,000 and 4,000 migrants have fled the camp of Moria” due to the fire, a police source told AFP. According to officials, the blaze has been contained with authorities now working to…

04:00

2:00PM Water Cooler 9/20/2016 naked capitalism

Today's Water Cooler: Clinton and "Millenials" [sic], Hanjin, shipping banks, Momentum and Labour, productivity and compensation, cognitive bias

04:00

Huge sinkhole leaks waste into Florida drinking water, concealed for weeks The Event Chronicle

Huge sinkhole leaks waste into Florida drinking water, concealed for weeks

A large sinkhole has caused contaminated wastewater to flow into an aquifer in Polk County, Florida in the US.

The sinkhole appeared at the Mosaic phosphate fertilizer plant about three weeks ago, and 215 million gallons of water containing sulphate, sodium and gypsum, which contains low levels of radiation have drained into the aquifer since then, the Tampa Bay Times reports.

The aquifer is the state’s main source of drinking water.

The 45 foot wide sinkhole appeared under a “gypsum stack” of Mosaic waste material, which is created during the process of producing fertilizer from phosphate.

Mosaic claims there is no risk. “Groundwater moves very slowly,” David Jellerson, Mosaic’s senior director for environmental and phosphate projects said. “There’s absolutely nobody at risk.”

The company says it started to divert the water as soon as the alarm was raised. The company became aware of the the sinkhole in late August, but kept it from the public as they said there was no risk. It did inform the Florida Department of Environmental Protection(DEP), but the DEP did not tell the public either.

“The department’s focus at this time is on the oversight of Mosaic’s first-response efforts in order to safeguard public health and the environment,” DEP spokesperson Dee Ann Miller told the Tampa Bay Times.

Mosaic, the world’s largest phosphate mining company,says it has been draining the contaminated water from the aquifer.

Locals say Mosaic – who only last year paid...

03:50

Grand Ascension or Great Collapse? The Daily Coin

image/TheDailyCoinIt depends upon your perspective and the markets you follow … Perspective: The global economy is drowning in debt – $230 Trillion and counting – that will not be repaid at current value. Expect hyperinflation or outright default. Negative Interest Rates on $13 Trillion in sovereign debt are a sign of failure by central banks,…

03:45

Is This Why Deutsche Bank Is Crashing (Again)? The Event Chronicle

Deutsche Bank

By Zero Hedge

Deutsche’s dead-bank-bounce is over. The last few days have seen shares of the ‘most systemically dangerous bank in the world’ plunge almost 20%, back to record lows as the DoJ fine demands reawoken reality that the €42 trillion-dollar-derivative-book bank is severely under-capitalized no matter how you spin asset values.

Deutsche Bank closes at an all-time record low close…

20160920_eubanks2_0

More questions about DB are appearing, however, as MishTalk.com’s Michael Shedlock asks 

Is Deutsche Bank cooking its derivatives book to hide huge losses…

Deutsche Bank’s notional derivatives book had huge swings in notional value between its year-end 2014 report and its “passion to perform” year-end 2015 report.

Deutsche Bank did not list the notional value of its derivatives book in its 2016 Quarterly Report.

The bank would like us to take it on faith, that the positive value of its derivatives book is €615 billion while the net positive value of its book is around around €18 billion.

There’s just one little problem: the market believes something is wrong. What is it? Derivatives or something else?

Reader Lars writes

Hello Mish,

I’m investigating changes in Deutsche Bank’s derivatives book.

At 2014 year end, DB had derivatives which notional value was €52 trillion. The positive value was around €630 billion.

At 2015 year end, DB had derivatives which notional value was €42 trillion. The positive value was around €515 billion on total assets of €1.629 trillion.

So during 2015 derivatives exposure (notional) was reduced by €10 trillion or 19%.

As of June 30th 2016, DB does not give a number for notional value but the positive value has again increased to €615 billion. Total assets are €1.8 trillion.

Meanwhile the the net positive value of DBs derivatives portfolio is stable around €18 billion.

What’s Happening?

It is possible that DBs derivatives portfolio has increased in value by €100 billion, roughly 19% in 6 months without the notional amount going up correspondingly?

Did DB offload...

03:30

The Fed Has Set Us Up for a Massive 50% Market Collapse The Event Chronicle

Federal Reserve

By Graham Summers

The Fed is running a virtual repeat of 1937.

The common narrative is that the Fed “didn’t do enough” during the Great Depression. This is used to justify the Fed’s use of non-stop extraordinary monetary policy post-2008.

But it’s a total lie.

The Fed went bananas in the aftermath of 1929, expanding its balance sheet by 300%. On a relative basis, the Fed’s balance sheet grew from 5% of US GDP to 23% of GDP.

This is an expansion relative to GDP is IDENTICAL to that which the Fed has accomplished since 2008. And the outcome is looking to be the same.

In 1933, CPI began erupting higher. By 1937, CPI was 3.6%. The Fed was forced to hike rates to halt inflation, kicking the weak US economy in the teeth and triggering a particularly nasty recession.

Today, the same issue is occurring. Core CPI hit the Fed’s alleged target of 2% in November 2015 and has remained above it ever since. Inflation is rising.

gpc91916

The Fed might be able to put off hiking rates for a time, but eventually this will become a REAL issue. Particularly since CPI cleared 2% when Oil and most commodities were 40% off their highs.

Eventually the Fed will be forced to hike. And when it does, it will kick an already recessionary US economy into a severe contraction. Remember in 1937, the stock market HALVED after the Fed was forced to hike rates.

If you’re concerned about a stock market meltdown you need to download our 21-page investment report titled the Stock Market Crash Survival Guide.

In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

We are giving away just 1,000 copies of this report for FREE to the public.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research

Source: Phoenix Capital Research
Via: Zero Hedge

03:30

Magnetic Storm, Volcano Erupts, Weather Alerts (Video) The Daily Coin

solar earthYour daily update regarding space weather and how it impacts our planet. Solar flares, sun spots, gamma burst and solar radiation wreak havoc on our planet everyday. Most days it’s not a big deal, unless you think earthquakes, tidal flooding and tsunami’s are not a big deal. Oh yeah, let’s not forget volcanos erupting. All…

03:17

The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent The Event Chronicle

china-debt

By Michael Snyder

The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China’s “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia’s speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.

Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring.

If you are not familiar with the Bank for International Settlements, just think of it as the capstone of the worldwide financial pyramid.  It wields enormous global power, and yet it is accountable to nobody.  The following is a summary of how the Bank for International Settlements works that comes from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far mor...

03:10

Chinese Consider Home Prices “High and Hard to Accept,” but Buying Frenzy Surges The Daily Coin

china ghost city public domainWhen will the Home Price Bubble blow up? Home prices in China are “high and hard to accept,” said 53.7% of the respondents in a survey by the People’s Bank of China, published today in the People’s Daily, the official paper of the Communist Party. Only 42.9% found them “acceptable.” And only 23.1% predicted that they would…

03:01

Credit Card Companies Are Keeping Consumers Hooked with Irresistible Perks and Bonuses Max Keiser and Stacy Herbert

Credit Card Companies Are Keeping Consumers Hooked

Consumers are becoming more financially savvy, all thanks to the explosion of personal finance blogs that cater to different categories of people. One of the most profound wisdom nuggets in the personal finance industry is the need for people to reduce their dependency on credit cards in order to cut down credit card debts.

Hence, many people are canceling their extra credit cards, paying up (or consolidating) their credit card debts and credit card companies are finding it harder to get people to sign up. Nonetheless, Chase Bank is making waves in the credit industry with impressively warm welcome that its new Chase Sapphire Reserve card enjoyed.

People are throwing away a profound personal finance advice

About one month ago, rumors about Chase Bank’s plan to introduce a new credit card started making the rounds. Naturally, rumors or news about a new credit card should have been met with indifference among consumers but consumers were strangely expectant of the Chase Sapphire Reserve card. The allure of the new credit card lies in its high churning potential for consumers who obsess over credit-card reward programs.

To start with, the Sapphire Reserve card has some impressive perks that many card-churners can’t ignore. If you spend $4000 in the first three months, you are entitled to a sign-up bonus of 100,000 points, which is worth $1500 in travel. Cardholders are also entitled to three point on every $1 spent on dining and travel. The best part is that Chase defines travel as “movement over distance in time”; hence, you’ll qualify for the points if you use Uber or Airbnb. In addition, cardholders get a $300 annual credit reimbursement on travel expenses. Mixing credit card perks with Cash Back and Coupons can bring a smart customer massive earnings.

Interestingly, the fact that the Sapphire Reserve card attracts a massive $450 annual fee has not deterred people for signing up en masse for the card. According to Chase’s spokeswoman, Lauren Francis, the firm bank has approved “tens of thousands of application” which has “significantly exceeded our strongest expectations”.

Credit Card companies now offer perks too good to be true

Credit card companies know that there is a war on credit as consumers become more financially literate. However, credit card companies are developing new marketing strategies to keep consumers hooked and depended on credit cards.

In the case of Sapphire Reserve card, Chase is offering bonuses that make it seem like you are getting free money. However, a credit card expert on CreditLoan observes that “the card is not necessarily for everybody” because $450 annual fee could be potentially expensive for some cardholders.  More so, consumers need to understand that $1,500 in travel rewards isn’t the same as $1,500 in cash.

Nevertheless, the strategy of offering mouth-watering perks on credit card seems to be working wonders. Frank Leppar, a resident of Weirton, West Virginia who has applied for the card noted that “the sign-up bonus is amazing. It’s one of the better, if not the best, card out right now.”

More so, Reddit’s “credit-card churning forum” has seen an 11,000 increase in subscribers from 42,000 to 53,000 in three months. More so, a thread on forum about Chase Sapphire Reserve card now has about...

03:00

Dear FBI, This Is Intent: Hillary’s “Oh Shit” Guy Sought Reddit Advice On How To “Strip VIP’s Emails” The Event Chronicle

Hillary Clinton

By Zero Hedge

At this point, our readers should be intimately familiar with the timeline leading up to the “Oh Shit” moment when the Platte River Networks employee, Paul Combetta, deleted Hillary’s emails despite later admitting to the FBI that he “was aware of the existence of the preservation request and the fact that it meant he should not disturb Clinton’s e-mail data on the PRN server” (if not, see “The “Oh Shit” Moment: Hillary Wiped Her Server With BleachBit Despite Subpoena“).  Once Combetta was summoned to testify in front of Congress, we also learned that the FBI had granted Combetta an immunity deal (see “The “Oh Shit” Guy That Wiped Hillary’s Server With BleachBit Was Just Granted Immunity“).

Well, the plot just continues to thicken around the “Oh Shit” guy as a political researcher just posted the following tweet that exposes a Reddit thread from July 2014 in which Combetta sought tech advice on how to “strip out a VIP’s (VERY VIP) email address from a bunch of archived emails.”

The full thread initiated by Combetta can be viewed here, but below are a couple of the key exchanges.

Combetta started the thread on July 24, 2014 with the following question seeking technical advice on how to “strip out a VIP’s (VERY VIP) email address from a bunch of archived email[s].”  “Ironically,” the day before the Reddit thread appeared, the Benghazi Committee reached an agreement with the State Department on the production of email and other records related to their investigation.

...

02:27

Review: Dark Gold by Carolyn Baker Resilience

In her current work, Baker helps others prepare emotionally and spiritually for the difficult future humanity faces as our ecological crisis deepens. Her latest book, Dark Gold, examines the role that she believes shadow work can play in this journey.

01:43

Indians and Cowboys Resilience

Cowboys and Indians are at it again.

01:31

The Sower's Way: the Path for the Future Resilience

Our paper on "The Sower's Way" has been published in the IOP Environmental Research Letters journal. It is an attempt to quantify the physical limits of the energy transition from fossils to renewables.

01:04

Re-imagining the Polity for a Networked Humanity Resilience

Can we envision some sort of transnational polity that could leapfrog over the poorly functioning state systems that prevail today?

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