TORONTO – In Quebec on Monday, two Canadian soldiers were hit by a car driven by Martin Couture-Rouleau, a 25-year-old Canadian who, as The Globe and Mail reported, “converted to Islam recently and called himself Ahmad Rouleau.” One of the soldiers died, as did Couture-Rouleau when he was shot by police upon apprehension after allegedly brandishing a large knife. Police speculated that the incident was deliberate, alleging the driver waited for two hours before hitting the soldiers, one of whom was wearing a uniform. The incident took place in the parking lot of a shopping mall 30 miles southeast of Montreal, “a few kilometres from the Collège militaire royal de Saint-Jean, the military academy operated by the Department of National Defence.” Continue reading »
“They know Baghdad. They’ve lived in Baghdad,” said Lt.Col Oliver North, warning over the weekend that sources in Iraq believed ISIS was planning a “major attack” against the embassy in Baghdad. Yesterday we get some confirmation – via ISIS – that they did in fact reportedly strike the U.S. embassy in Baghdad. As Inquisitr reports, on Tuesday the Islamist militant group took credit for a mortar attack against the embassy in Baghdad. The group bragged about the attack on social media, claiming that there were likely casualties – “Four rockets strike Green Zone in #Baghdad; helicopters hovering over the Green Zone; ambulances heading that way after strikes!!” one ISIS militant noted on Twitter. As North concludes, “They are at the gates of Baghdad. They’re coming for us.”
In North Carolina, managing the retirement savings of teachers, police officers, firefighters and other public employees is big business. As the sole fiduciary of the state’s $90 billion pension fund, Treasurer Cowell, a Democrat, was recently named the world’s 18th most important institutional investor by the Sovereign Wealth Fund Institute. The State Employees Association of North Carolina (Seanc) estimates that North Carolina is on track to spend a billion dollars a year of retirees’ pension money on fees to private financial firms. Roughly half of all North Carolina pension deals involve placement agents, and Seanc estimates that has generated roughly $180 million in placement agent fees — costs that are effectively paid by the pension fund, according to critics.
Credit Suisse’s own internal regulations say the company aims to “establish a management organization that avoids the creation or appearance of conflicts of interests.” But the North Carolina agreement (the provisions of which were secret until Seanc’s open records request earlier this year) explicitly allows Credit Suisse to engage in “actual and potential conflicts of interest.” The agreement noted Credit Suisse could receive “placement fees” from the firms in which it invests North Carolina pension money.
– From David Sirota’s excellent piece in Investors Business Daily: Pension Deal Spotlights ‘Placement Agent’ Business, Raises Conflict-Of-Interest Questions
When it comes to how the U.S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all working together to enrich themselves at the public’s expense. It demonstrates how big bucks are really earned by insiders in the new American Dream, characterized by extreme cronyism and corruption. Continue reading »
Grilled by reporters, White House Press Secretary Josh Earnest addressed an order for a “surge” of immigration IDs of up to 9 million in one year, but said the move is no confirmation President Obama will issue a major executive amnesty after the election.“I think those who are trying to read into those specific orders about what the president may decide are a little too cleverly trying to divine what the president’s ultimate conclusion might be,” he said.As reported by Breitbart News, USCIS is soliciting the materials to required to print green cards and employment permits of the type used to implement Obama’s “Deferred Action for Childhood Arrivals” program. The draft solicitation says that in addition to a minimum order necessary to print 4 million such IDs per year, vendors must have the capacity to produce materials for a “surge” of 9 million IDs in 2016. Continue reading »
“When you’re out here filming the police for no reason you have to give us your ID.”
Tracy, CA — A video was uploaded to YouTube Tuesday which shows an infuriating interaction between a man practicing his first amendment right to film in public and arrogant SWAT officers. Continue reading »
THE SEANAD HAS passed a motion calling on the Irish Government to formally recognise the State of Palestine. Last week, 31 of the upper house’s 60 members signed the motion which was proposed by Fianna Fáil’s Averil Power. Fine Gael senators met to discuss their position on the motion yesterday and it was passed earlier today without a vote. Power said it was important that the international community “sends out a clear message of support for the Palestinian people and their right to self-determination” following a seven-week period of intense fighting in the Gaza region during the summer. Continue reading »
The Japanese Yen’s real effective exchange rate (REER) has collapsed to the weakest since 1982, according to Mitsubishi UFJ Morgan Stanley Securities. Simply put, REER is a trade-weighted measure of Yen strength (or weakness) against, in this case, 59 trading partners; and as the nation posts an unprecedented 27th straight month of trade deficits [43rd straight month of Seasonally-adjusted trade deficits], Bloomberg reports MUFJ indicates “a structural shift” has taken place.
“So – in conclusion – The Fed admits it knew about the risks of JPMorgan’s London Whale in 2010 (2 years before the blow-up) and did nothing about it, and now, two years later, The Fed tells banks it will get serious…”
A year and a half I wrote an essay on how the US chooses to view Russia, titled The Image of the Enemy. I was living in Russia at the time, and, after observing the American anti-Russian rhetoric and the Russian reaction to it, I made some observations that seemed important at the time. It turns out that I managed to spot an important trend, but given the quick pace of developments since then, these observations are now woefully out of date, and so here is an update. Continue reading »
“The convoys have to be approved by ISIS and you have to pay them: The bribes are disguised and itemized as transportation costs,” says an aid coordinator who spoke to The Daily Beast on the condition he not be identified in this article. The kickbacks are either paid by foreign or local nongovernmental organizations tasked with distributing the aid, or by the Turkish or Syrian transportation companies contracted to deliver it.
The State Department official said he, too, was conflicted about the programs… “Are we helping indirectly the militants to build their caliphate? I wrestle with this.”
The Daily Beast has been at the forefront of exposing the bizarre emergence of the latest terror threat known as ISIS, which is being used to take away civil liberties at home, and fuel more chaos and destruction abroad. It was their work in June that first highlighted the fact that ISIS was and is being funded and supported by U.S. allies in the Persian Gulf. I commented on the absurdity of the situation in my piece, America’s Disastrous Foreign Policy – My Thoughts on Iraq, in which I noted: Continue reading »
While we strongly suspect few are truly surprised by this turn of events, it is still yet another embarrassing stamp in the “do nothing stupid” foreign policy passport for President Obama’s administration. As The Daily Beast reports, an ISIS-associated YouTube account posted a new video online Tuesday entitled, “Weapons and munitions dropped by American planes and landed in the areas controlled by the Islamic State in Kobani.”
While the authenticity of this latest video could not be independently confirmed, there is no doubt that the ISIS fighters in the clip are in possession of a rich bounty of American hand grenades, rounds for small rockets, and other supplies. The White House stated on CNN, “we feel very confident that, when we air drop support as we did into Kobani… we’ve been able to hit the target in terms of reaching the people we want to reach.” Perhaps not all of them… Continue reading »
The sickening transformation of these United States into an authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has been a key theme of my writing since well before the launch of Liberty Blitzkrieg. One of the posts that shocked and disturbed readers most, was published a little over a year ago titled:American Police Make an Arrest Every 2 Seconds in 2012. In the event you never read it, I suggest taking a look before tackling the rest of this piece.
Fast forward to fall 2014, and the Wall Street Journalhas a powerful article about how children in schools systems across the U.S. are being arrested or turned over to police custody for doing things that children have always done since the beginning of time. Things such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.
As a result of our insane societal obsession with authority and disproportionate punishment, the WSJ reports that “nearly one out of every three American adults are on file in the FBI’s master criminal database.” Continue reading »
On the heels of Sweden’s military deployment (following the discovery of a damaged Russian sub), it appears Russia is taking no chances with its access to Arctic resources.As Reuters reports, the Russian defense minister announced today that Russian military units will be deployed along the entire Arctic border from Murmansk to Chukotka in 2014. Interfax adds that combat robots are also being deployed to protect Russian oil and gas infrastructure in the harsh environment of the Arctic. This should be no surprise as The Guardian notes, the Arctic’s hydrocarbon resources nevertheless exert a powerful pull. It has been compared to “a second Middle East”, with oil and gas reserves thought to represent 17% and 30%, respectively, of the global total.
Despite Washington spending $7.6 billion on counter-narcotic initiatives in Afghanistan, 2013 witnessed a record surge in the amount of opium poppy cultivation, according to the US inspector general for Afghan reconstruction.
The Central Asian country cultivated a record 209,000 hectares (516,000 acres) of opium poppy in 2013, beating the previous highest level of 193,000 hectares (477,000 acres) in 2007, according to the UN Office on Drugs and Crime (UNODC).
Battle-hardened Afghanistan produces more than 80 percent of the world’s opium. Continue reading »
Veteran Washington journalists and reporters, when they are being honest, will tell you that the current administration is the most political in modern history. Everything is about the proper messaging; optics are much more important, and policy is designed around perpetuating Democratic power.
What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends.
A long-time reader recently chastised me for using too many maybe’s in my forecasts. The criticism is valid, as “on the other hand” slips all too easily from qualifying a position to rinsing it of meaning.
That said, given that we’re in uncharted waters, maybe’s become prudent and certainty becomes extremely dangerous. I have long held that the financial policy extremes that are now considered normal are unprecedented in the modern era: extremes in debt, leverage, risk, complexity and willful obfuscation of these extremes. Continue reading »
The Chinese government doesn’t just censor its internet. It actually pays people to leave fake comments that make the country – and its communist regime – look good.
After reading “Blocked on Weibo” by Chinese researcher Jason Q. Ng, we recently learned China’s version of Twitter, Sina Weibo, banned the phrase “50 cents.” It references China’s “50 Cent Party,” a group of ordinary citizens hired by the government to post internet comments spinning that day’s news in China’s favor. Continue reading »
One of the most accidentally revealing media accounts highlighting the real meaning of “democracy” in U.S. discourse is a still-remarkable 2002 New York Times Editorial on the U.S.-backed military coup in Venezuela, which temporarily removed that country’s democratically elected (and very popular) president, Hugo Chávez. Rather than describe that coup as what it was by definition – a direct attack on democracy by a foreign power and domestic military which disliked the popularly elected president – the Times, in the most Orwellian fashion imaginable, literally celebrated the coup as a victory for democracy:
With yesterday’s resignation of President Hugo Chávez, Venezuelan democracy is no longer threatened by a would-be dictator. Mr. Chávez, a ruinous demagogue, stepped down after the military intervened and handed power to a respected business leader, Pedro Carmona.
Thankfully, said the NYT, democracy in Venezuela was no longer in danger . . . because the democratically-elected leader was forcibly removed by the military and replaced by an unelected, pro-U.S. “business leader.” The Champions of Democracy at the NYT then demanded a ruler more to their liking: “Venezuela urgently needs a leader with a strong democratic mandate to clean up the mess, encourage entrepreneurial freedom and slim down and professionalize the bureaucracy.” Continue reading »
Sweden’s military has announced that if it finds a suspect foreign vessel in the Stockholm archipelago, it is prepared to force it to the surface “with weapons if necessary”. “Our aim now is to force whatever it is up to the surface… with armed force, if necessary,” he added. He added that submarines are “extremely difficult” to find, and that Sweden has never succeeded in the past when it came to tracking them down. “And no one else has either,” he added. If the sub is indeed Russian, it would be quite a hit for Sweden, which in more than a decade of hunting Russian U-boats in the 1980s and early nineties, never succeeded in capturing one, except in 1981 when the U137 ran aground several miles from one of Sweden’s largest naval bases, triggering an embarrassing diplomatic stand-off for Russia.
But Merkel says EU taxpayers will have to subsidize Ukraine.
On October 21st, theGerman Economic News headlined (as translated), “Merkel: EU Taxpayers Should Finance Debt of Ukraine,” and reported that, “Angela Merkel visited [Slovakia's Prime Minister] Robert Fico on Monday [in the Slovak capital of Bratislava]. Both leaders demand that Kiev should take more responsibility,” and not push the EU to pay Ukraine’s past-due gas bills from Russia’s Gazprom. Continue reading »
President Barack Obama made a rare appearance on the campaign trail on Sunday with a rally to support the Democratic candidate for governor in Maryland, but early departures of crowd members while he spoke underscored his continuing unpopularity.
The White House is reportedly wrestling over how to interpret a ban on “cruel, inhuman or degrading treatment” ahead of a meeting in Geneva next month concerning the United Nations charter on torture.
According to the New York Times, the Obama administration remains divided over what stance a Washington delegation will officially take at the UN-sponsored Committee Against Torture panel early next month in the Swiss city. Continue reading »
Who’s Afraid of Wilhelm Reich (suppressed science)
Wilhelm Reich – Man’s Right to Know
Why would the United States government seek out and literally burn all the books they could find that mentioned a particular scientist’s work? Don’t you owe it to yourself to learn what it is they’ve worked so hard to suppress?
The life story of Wilhelm Reich should be taught in schools across the globe! If you don’t know about this important 20th century figure, you owe it to yourself to watch this free documentary on his life. I found it at Archive.org and reposted. Below is the description and information I found at that site. Continue reading »
he United States has withheld assurances from Germany that the Ebola virus – among other related diseases – would not be weaponized in the event of Germany exporting it to the US Army Medical Research Institute for Infectious Diseases.
German MFA Deputy Head of Division for Export Control Markus Klinger provided a paper to the US consulate’s Economics Office (Econoff), “seeking additional assurances related to a proposed export of extremely dangerous pathogens.” Continue reading »
U.S. Army virologists working at USAMRIID (U.S. Army Medical Research Institute of Infectious Diseases)  confirmed in 1990 that a strain of Ebola was airborne and could spread through air ducts, resembling the contagiousness of the flu.
Details of the airborne transmission and the “nuking” of all the primates in an entire research center are detailed beginning on page 273 of The Hot Zone by Richard Preston, a non-fiction documentary book based on dozens of detailed interviews with top military virologists. This non-fiction book was called “A riveting nonfiction thriller” by the New York Times.
The book is described by Internet Scientific Publications  as follows: Continue reading »
In this week’s podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan:
To understand financial repression, we have to understand that we’ve been there before. Many nations have gone through periods in the past where they’ve had very high levels of government debt. And there are four traditional ways of dealing with that. Continue reading »