– China Rocked By Another Massive Chemical Explosion (ZeroHedge, Aug 31, 2015):
Seriously, what the f##k is going on over there?
- *BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY
– China Rocked By Another Massive Chemical Explosion (ZeroHedge, Aug 31, 2015):
Seriously, what the f##k is going on over there?
- *BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY
And pipe bombs are now WMDs.
Good to know.
So the invasion into Iraq and Afghanistan was entirely justified then!
Wait, that means that Syria and Iran have also WMDs in their possession and Bibi was right all along.
– Three US Citizens Sentenced For Conspiracy To Start A Revolution Using WMDs (ZeroHedge, Aug 31, 2015):
While the US has had a surge in violence over the past several years, its defining feature was the generally chaotic and uncoordinated nature of each such – usually lethal – act.
That changed over the weekend when the FBI announced three US citizens – Brian Cannon, 37, Terry Peace, 47, and Cory Williamson, 29, – were sentenced to 12 years in prison for “conspiring to use weapons of mass destruction in attacks against federal government agencies. The defendants planned to attack critical infrastructure while motivating militia groups in other states to rise up and join them in removing government officials who they believed had exceeded their Constitutional power.”
Specifically, the three sentenced men “participated in Internet chat rooms frequented by militia members and others with a shared anti-government ideology. During the chat room conversations, Cannon, Peace and Williamson discussed starting a revolution against the federal government by conducting an attack aimed at the infrastructure supporting the Transportation Security Administration, the Department of Homeland Security and the Federal Emergency Management Administration.” The complaint further notes that “according to their conversations, their goals included forcibly removing government officials who the defendants believed acted beyond the scope of the U.S. Constitution.”
And this is how the FBI summarized the bust… Continue reading »
– Is China Dumping German Paper Now? Bund Prices Are Collapsing (ZeroHedge, Aug 31, 2015):
German bonds are under significant pressure again this morning – despite equity weakness and US Treasury strength. This raises the rather interesting question of whether – after decimating Treasuries last week, is China turning to its Bund holdings and liquidating them to raise cash?
– Ukraine Reignites – 1 Killed, 50 Injured After Grenade Attack On Parliament (ZeroHedge, Aug 31, 2015):
Amid the Ukraine government’s vote for constitutional changes to give its eastern regions a special status (that it hopes will blunt their separatist drive) protests have turned deadly as RT reports50 Ukrainian nation guards have been injured in a greande blast near parliament in Kiev.
Coming to a country near you, much faster than most people think.
There will be hunger in Europe and in the U.S., especially after the financial/economic collapse.
– 80 Year Old Woman Trampled To Death In Venezuela Supermarket Stampede (ZeroHedge, Aug 30, 2015):
With 30% of Venzuelans eating two or fewer meals per day, social unrest is mounting rapidly in President Nicolas Maduro’s socialist utopia. As WSJ reports,soldiers have now been deployed to stem rampant food smuggling and price speculation, which Maduro blames for triple-digit inflation and scarcity. “Due to the shortage of food… the desperation is enormous,” local opposition politician Andres Camejo said, and nowhere is that more evident than the trampling death of an 80-year-old woman outside a state-subsidized supermarket.
An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and media said on Friday.
The melee at the store in Sabaneta, the birthplace of former Venezuelan leader Hugo Chavez, was the latest such incident in the South American nation where economic hardship and food shortages are creating long queues and scuffles.
The opposition Democratic Unity coalition said Maria Aguirre died and another 75 people were injured – including five security officials – in chaotic scenes when National Guard troops sought to control a 5,000-strong crowd with teargas.
“Due to the shortage of food … the desperation is enormous,” local opposition politician Andres Camejo said, according to the coalition’s website. It published a photo of an elderly woman’s body lying inert on a concrete floor.
Camejo said thieves had also attacked the crowd, members of which were seeking to buy cheap food on offer at an outlet of the state’s Mercal supermarket chain in Barinas state.
El Universal newspaper reported that Aguirre was knocked to the ground during jostling in the crowd, while the pro-opposition El Nacional said she was crushed in a stampede.
Another person was killed and dozens detained following looting of supermarkets in Venezuela’s southeastern city of Ciudad Guayana earlier this month.
President Nicolas Maduro accuses opponents of deliberately stirring up trouble, exaggerating incidents, and sabotaging the economy to try and bring down his socialist government.
Critics, though, say incidents of unrest are symptoms of the increasing hardships Venezuela’s 29 million people are facing due to a failed state-led economic model. Low oil prices are exacerbating economic tensions in the OPEC nation.
Shoppers are finger-printed when buying government-controlled foods…
“What’s certain is that we are going very hungry here and the children are suffering a lot,” said María Palma, a 55-year-old grandmother who on a recent blistering hot day had been standing in line at the grocery store since 3 a.m. before walking away empty-handed at midday.
In a national survey, as WSJ reports, the pollster Consultores 21 found 30% of Venezuelans eating two or fewer meals a day during the second quarter of this year, up from 20% in the first quarter.
Around 70% of people in the study also said they had stopped buying some basic food item because it had become unavailable or too expensive.
Millions, Billions, Trillions: The Disaster of Socialism, Once Again
Venezuela’s nearly full-blown socialism is making the news once again. For approximately two years now, the country’s economic crisis has been rapidly unfolding: rising prices, fuelled by increased scarcity of goods and a depreciating currency, were followed by price controls, which brought about even higher prices and more shortages. The list of basic commodities missing from stores, such as toilet paper, has gradually expanded to include cooking oil, corn flour, sugar, sanitary pads, batteries, coffins, and even oil (once the country’s main export). The Cendas survey showed that more than a third of foodstuffs cannot be found on supermarket shelves; moreover, vegetables are 32% more expensive every month, meat prices are going up by 22% every month, and beans are surging by 130%. Basic Venezuelan dishes containing rice and beans have thus become a luxury, as people queue for 8 hours a week, on average, to buy basic goods.
This time it was the bolivar, Venezuela’s currency, which made the headlines, as it tumbled from 82 bolivars to the dollar last year, to 300 bolivars in May, and to a staggering 670 bolivars this August. Because the Venezuelan administration stopped publishing inflation figures in December 2014 (when annual inflation reached 68%), some economists have designed an Arepa (i.e. cornmeal cake with cheese) hyperinflation index, which suggests a current inflation rate of around 400%. Others estimate the annual inflation rate is actually 808%.
A photo of a Venezuelan using a 2 bolivar banknote as a napkin to hold a cheesy pastry (an empanada) has recently gone viral: the banknote is worth less than a third of one US cent on the black market, while the price of a pack of napkins is about 500-600 bolivars. The photo is reminiscent of the Weimar Republic hyperinflationary episode, where the wholesale price index jumped from 100% in July 1922 to more than 2500% in January 1923, which led to German banknotes being used to light fires (right photo).
One can only speculate at the moment the extent of the damage this episode will leave on Venezuelan savings. But if history is any indication, we could soon hear stories similar to those of some of Mises’s acquaintances (recorded from his lectures by his student, Bettina Bien-Greaves):
[A] man made a will according to which this $ 2,000,000 was to be sent back to Europe to establish another orphan asylum such as that in which this man had been educated. This was just before World War I. The money was sent back to Europe. According to the usual procedure it had to be invested in government bonds of this country, interest to be paid every year to keep up the asylum. But the war came, and the inflation. And the inflation reduced to zero this fortune of $ 2,000,000 invested in European Marks—simply to zero.
[The president of a Bank in Vienna] told me that as a young man in his twenties he had taken out a life insurance policy much too large for his economic condition at the time. He expected that when it was paid out it would make him a well-to-do burgher. But when he reached his sixtieth birthday, the policy became due. The insurance, which had been a tremendous sum when he had taken it out thirty five years before, was just sufficient to pay for the taxi ride back to his office after going to collect the insurance in person. Now what had happened? Prices went up, yet the monetary quantity of the policy remained the same. He had in fact for many, many decades made savings. For whom? For the government to spend and devastate (Mises 2010, 30-31).
As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.
* * *
Imagine what he must have found!
– Spy found dead in a bag ‘had infuriated his MI6 bosses by illegally hacking into secret US data on Bill Clinton’ (Daily Mail, Aug 30, 2015):
- Gareth Williams’s body was found in a bag at his London flat five years ago
- Spy illegally hacked into secret data on former U.S. president Bill Clinton
- Personal voicemail messages left by the spy were deleted after he died
The British spy whose body was found padlocked inside a bag in his flat had illegally hacked into secret data on former U.S. president Bill Clinton, it has been revealed.
Gareth Williams, 31, was discovered in a holdall in the bath at his London home five years ago this month, but the mystery surrounding his death has never been solved.
Today, it has been revealed the spy had dug out a guest list for an event Clinton was due to attend as a favour for a friend. Continue reading »
– Maryland Man Fined $50 for Picking Berries in Park (Reason, Aug 29, 2015):
A Maryland man received a $50 ticket for picking raspberries. The ticket charged him with “destroying/interfering with plants to wit: berries.”
To me, nothing screams summer like picking and eating fresh berries. I know I’m not alone. Greg Visscher, head of the Montgomery County (Maryland) Young Republicans Club, has been picking berries with his family for years.
So it was with some degree of surprise that Visscher found himself confronted last month by a trio of county park police officers and handed a $50 ticket for “destroying/interfering with plants to wit: berries. Without a permit on park property.” Continue reading »
The father of pop star Adam Ant has been linked to shock allegations that VIP paedophiles including top politicians raped and murdered children in Westminster.
Alfred Leslie Goddard, whose son had a string of chart hits in the 1980s, was jailed for preying on runaway boys nearly 30 years ago. Continue reading »
– Ron Paul Rages “Blame The Fed, Not China” For The Stock Market Crash (The Ron Paul Institute for Peace and Prosperity, Aug 30, 2015):
Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose “solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.Many blamed the crash on China’s recent currency devaluation. It is true that the crash was caused by a flawed monetary policy. However, the fault lies not with China’s central bank but with the US Federal Reserve. The Federal Reserve’s inflationary policies distort the economy, creating bubbles, which in turn create a booming stock market and the illusion of widespread prosperity. Inevitably, the bubble bursts, the market crashes, and the economy sinks into a recession. Continue reading »
– Polish Government Confirms Discovery Of Nazi “Gold Train”, Warns It May Be Booby-Trapped (ZeroHedge, Aug 30, 2015)
– Austrian Economics Is Now Equivalent To Terrorism Thanks To Latest Islamic State “Gold Standard” Propaganda Clip (ZeroHedge, Aug 30, 2015):
What better way to mute demands for a return to sound money and the gold standard, than by making them equivalent to jihadist terrorism? Why, there are none, which is why some were thoroughly amused to see that yesterday the Islamic State’s so called media center, the al Hayat, released a video whose production qualities are nothing short of Hollywood (or San Fernando valley at worst), in which the latest and greatest “jihadist terrorist group” that was a byproduct of US intervention in the Middle East, announces it is preparing to take on the Fed itself with, drumroll, “the return of the gold dinar.”
As Bloomberg reminds us, the Islamic State’s Shura Council last year tasked its Beit al Mal, or treasury, with minting the coins, which come in several denominations made of gold, silver and copper.
– Video of the Day – Bernie Sanders Says “I Think the Business Model of Wall Street is Fraud” (Liberty Blitzkrieg, Aug 30, 2015):
During a recent interview with CNN’s Jake Tapper, Bernie Sanders exclaimed: “I think the business model of Wall Street is fraud.”
Basically. Unfortunately, it will never change until serious jail sentences are handed out for the serious fraud, as opposed to taxpayer bailouts.
Watch the interview here. Is it really surprising that he’s close to catching Wall Street handler Hillary Clinton?
For related articles, see:
“Going medieval” … this will – possibly – prove to be spot on, because that might be exactly what, what is planned for us by TPTB.
The fastest traveling speed will be 30 kph/18 mph, …. riding a horse.
– Say Goodbye to Normal (Kunstler, Aug 31, 2015):
The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis – regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in particular, the business cycle of the standard economics textbooks. Those cycle are dying.
They’re dying because there really are Limits to Growth and we are now solidly in grips of those limits. Only we can’t recognize the way it is expressing itself, especially in political terms. What’s afoot is a not “recession” but a permanent contraction of what has been normal for a little over two hundred years. There is not going to be more of everything, especially profits, and the stock buyback orgy that has animated the corporate executive suites will be recognized shortly for what it is: an assest-stripping operation. Continue reading »
– ISIS damages Bel, Syria’s ‘most important temple,’ rights group says (CNN, Aug 31, 2015):
For nearly 2,000 years — back to the days when Christ walked the earth — the Temple of Bel has been the center of religious life in the Syrian city of Palmyra.
But now, at least part of the most historically significant temple in Palmyra has been destroyed by ISIS, according to the UK-based Syrian Observatory for Human Rights, which relies on a network of activists in Syria for information.
ISIS has become known not only for its brutal executions, but for its hatred of antiquities — and its wanton destruction of them. Continue reading »
– Unusually Massive Protests Erupt in Japan Against Forthcoming “War Legislation” (Liberty Blitzkrieg, Aug 31, 2015):
In case you aren’t up to speed on your Japanese history, the nation’s post WWII Constitution prohibits military action unless it’s in self-defense. Clearly a sensible approach, which is why the current Japanese government, led by the demonstrably insane and incompetent Prime Minister Shinzo Abe, wants to get rid of it.
This story is very important. Not only will this action increase the likelihood of World War III in the far east, but it’s another important example of a government acting against the will of the people.
Polling has indicated the Japanese public is against a pivot toward militarization and war, but Prime Minister Shinzo Abe is pushing forward nonetheless. In fact, the current legislation to allow overseas military intervention has already passed the lower house of government. This prompted many Japanese to emerge from their decades long political apathy and get out into the streets. It’s estimated these protests were the largest in recent memory. Continue reading »
– Watch as amazing GcMAF treatment kills cancer cells in real time… holistic doctors ‘suicided’ over this stunning breakthrough (Natural News, Aug 28, 2015):
A breakthrough cancer treatment appears to be the reason why a handful of holistic doctors were recently found “suicided” is now gaining worldwide attention as a potential universal cure for cancer. And new microscopic footage released by First Immune shows this amazing remedy in action — the human protein GcMAF is visually seen activating the body’s own macrophages, which are then able to attack and destroy breast cancer cells in vitro.
The roughly two-minute video clip, which has been posted to YouTube, reveals the true healing power of GcMAF, a human protein that the body makes naturally but that some people lack or can’t produce in adequate volume.
By delivering an activated version of this substance intravenously, scientists have shown that the immune system can be fully invigorated to destroy cancer cells on its own without the need for chemotherapy or radiation.
“Your GcMAF empowers your body to cure itself,” explains the website GcMAF.se, operated by First Immune. “In a healthy person your own GcMAF has 11 actions discovered so far, including two on cells, three excellent effects on the brain, and 6 on cancer. Amongst these it acts as a ‘director’ of your immune system.”
The virtuous circle that has sustained the dollar and buoyed USD assets for decades has definitively been broken. Now, with China’s Treasury liquidation serving to exacerbate the pressure from the demise of the petrodollar, it’s critical to take stock of accumulated petrodollar reserves in order to understand how large the unwind could ultimately be in a worst case scenario. As it turns out, narrowly focusing on official FX reserves could understate the size of petrodollar accumulation by some $2.5 trillion.
– Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks (ZeroHedge, Aug 29, 2015)
– Citigroup Chief Economist Thinks Only “Helicopter Money” Can Save The World Now (ZeroHedge, Aug 29, 2015):
Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota – who never met an economy he didn’t want to throw free money at), we found it fascinating that no lessor purveyor of the status quo’s view of the world – Citigroup’s chief economist Willem Buiter – that a global recession is imminent and nothing but a major blast of fiscal spending financed by outright “helicopter” money from the central banks will avert the deepening crisis. Faced with China’s ‘Quantitative Tightening’, the economist who proclaimed “gold is a 6000-year old bubble” and cash should be banned, concludes ominously, “everybody will be adversely affected.”
Aug 23, 2015
This is a round 1 game from the 2015 Sinquefield Cup between Anish Giri of the Netherlands and Alexander Grischuk of Russia. The Sinquefield Cup is held at the Saint Louis Chess Club and Scholastic Center in Missouri, USA. This tournament acts as the 2nd of three tournaments of the Grand Chess Tour. This round 1 game features a Catalan where the struggle is between Giri’s white pawn center and space versus Grischuk’s material plus. There are a couple pop quiz questions in this video that key in on the middle game. Will you be able to come up with a good idea/plan in each of the two cases?
– TSA Agent Arrested for Sexually Molesting South Korean Woman at NYC’s LaGuardia Airport (Liberty Blitzkrieg, Aug 29, 2015):
Last week, we learned how the naked body scanners, which the TSA spent $160 million in taxpayer money on, failed to find explosives or weapons in 96% of covert test cases. To make matters worse, government bureaucrats not only want to keep these useless devices in operation, they want passengers to also go through a metal detector after the naked body scan. Here’s an excerpt from the post, Big Brother Idiocy – TSA Spent $160 Million on Naked Body Scanners that Fail 96% of the Time:
The $160 million bill includes $120 million for the body scanners now in place in hundreds of airports nationwide, according to newly disclosed figures obtained by POLITICO. The rest of the money went to the agency’s “naked” X-ray scanners, which it pulled from airports two years ago amid worries about health risks and the devices’ detailed images of travelers’ bodies. Continue reading »
– Serbian government bans anti-mass immigration protests, and plans ahead for mass immigration (RINF, Aug 29, 2015):
Nebojsa Stefanovic, Serbia’s Interior Minister said protesters who are concerned about “an EU plan” to settle thousands of illegal immigrants into the country, will not be allowed to voice their concerns in a protest march on Monday, 31st of August.
H/t reader squodgy:
“A great article showing how that disproportionate domination of British Politics by zionist jews dictates the direction of UK.”
– Zionism in Britain: a Neglected Chronicle (CounterPunch, April 28, 2015):
By the worst means, the worst. For mine own good,
All causes shall give way: I am in blood
Stepped in so far, that, should I wade no more,
Returning were as tedious as go o’er.
Jeremy Corbyn is a longtime British Labour MP, hitherto little known outside Britain. Following the resignation of Labour leader Ed Miliband, Corbyn is one of four MPs who have nominated in the leadership contest, currently subject to ballot amongst Party members and supporters until 10 September.
Corbyn has been subject to a tsunami of criticism and abuse since his nomination, providing abundant evidence on the odious character of the current British political establishment and on the farce that is curiously labeled the democratic process.
Moreover, Corbyn, supporter of the Palestinian cause, has experienced full guns blazing from official British Jewry. On 12 August, the Jewish Chronicle broadsided with ‘The key questions that Jeremy Corbyn must answer’. With the emphasis on ‘must’. Continue reading »
Why not? … if there is ZERO resistance and you can get away with anything, …
… even with the NDAA (which comes in handy just in case there would be some resistance).
“If you like your food, you can’t keep it”
– Why did Obama nationalize the U.S. food supply with executive order 13603? (Natural News, Aug 26, 2015):
In March 2012, President Obama quietly signed an Executive Order that has major implications should some sort of national emergency arise, such as enabling the federal government to take over management and distribution of all food, water and other resources.
In issuing the order, EO 13603, titled, “National Defense Resources Preparedness,” Obama claimed authority under the Defense Production Act of 1950, a Korean War-era statute (50 U.S.C.) (see it here) that gives the government the power to marshal whatever resources are necessary to protect and defend the country during “military conflicts, natural or man-caused disasters, or acts of terrorism within the United States,” the statute says.
In justifying the order, Obama wrote in Section 102 under “Policy:”
Continue reading »
– Consumer Reports Testing Finds All Beef Shows Signs of Fecal Contamination (AllGov, Aug 27, 2015):
Eating a hamburger in the U.S. comes with the risk that it might contain fecal matter, based on research performed for Consumer Reports.
“There’s no way to tell by looking at a package of meat or smelling it whether it has harmful bacteria or not,” said Urvashi Rangan, executive director of the Center for Food Safety and Sustainability at Consumer Reports. “You have to be on guard every time.” Continue reading »
The plan is to beat this guy …
… and the US is making great “progress”.
– Study: US Falls Behind Canada, Finland And Hong Kong In Human Freedom Index (Anti Media, Aug 27, 2015):
The United States lags far behind other developed countries in terms of personal, civil and economic freedoms, according to a study released this month. Its neighbor to the north, for example, ranked 14 spots ahead of the so-called “Land of the Free.”
Three international think tanks — the U.S.-based Cato Institute, Canada’s Fraser Institute, and Germany’s Liberales Institut at the Friedrich Naumann Foundation for Freedom — released the Human Freedom Index earlier this month. In addition to major civil liberties, the study considers safety and rule of law, relative size of government and capitalist values like the soundness of money, property rights, and access to international trade. The authors used a total of 70 data sources ranging from 2008 to 2012, the most recent year for which all necessary data is currently available.
According to the report, Continue reading »
– This Market Is a “Wheelbarrow of Dynamite” Waiting to Blow (Daily Reckoning, Aug 28, 2015)