On the heels of China’s, Japan’s, Brazil’s, and Europe’s Services PMI weakness (and US Manufacturing PMI and ISM weakness), Markit’s US Services PMI printed 55.1 (missing exectations of 55.6) and dropping to its lowest since June. This catch-down to Manufacturing weakness suggests the mid-year bounce is well and truly dead as even Markit admits, “it remains unclear as to whether growth will weaken further as we move into Q4.” Additionally, after its exuberant spike to 10 year highs in July, ISM Services continued to drop back (to 56.9 missing expectations) with the biggest collapse in New Orders since Lehman.
Financial writer and analyst Bix Weir is not surprised by the Federal Reserve’s policies because it is all part of the long term plan. Weir explains, “The goal, since we went off the gold standard in 1971, has been to run the financial system as long and as hard as possible, sucking up all the benefits of fiat money, and there are very few attempts to slow this mess down. The idea is to put as much money as you can . . . until you have printed so much money the system implodes. This was a Nobel Prize winning paper in the 1960’s called “On the Road to the Golden Age.” It basically says if you have this freedom and flexibility with the monetary system, run it as hard as you can until people stop accepting the unbacked fiat money, then crash the system and go back to something safe and sound after it all blows up. . . . What they need is a big enough bubble so when it crashes, it take out all the derivatives, the malfeasance of the banks, the good guys and the bad guys and all the things going on behind the scenes. They need the bubble so big, and that’s what they are doing right now is blowing the bubble so big everybody feels the effect of a crash.”
When is the next crash coming? Weir says it will all unwind before “the end of this year.” Weir contends, “The decision will need to be made this year. The banks will, once again, come to Congress and say we need money for a bailout. That decision will be made by the U.S. people, not by Congress, not by the Fed and not by the banks. It’s going to come to the people, and I believe they will say no to bailouts.” Continue reading »
Please circulate this very important article by Alex Newman, on the New American’s website, and bookmark the New American for more important information; link is below. Thank you.
Sustainable Destruction : Exposing Agenda 21 in Rural America
John Perkins: Confession of an Economic Hitman
Apologies Of An Economic Hitman
H/t reader squodgy:
It is important to not leave more than an operating amount of money in your bank. How close the banks are to a bank holiday is difficult to predict. However, I believe we are seeing the chest pains of a banking system, which will culminate in World War III.”
With another recent mass shooting having taken place last week in Charleston, South Carolina – such a crisis is the perfect opportunity for the President to yet again stop just short of using the “C-word” – confiscation. Or “C” for the gun Control he promoted.
Before any victims were even in the ground, he exploited the tragedy for politicized gun control agendas. Continue reading »
Former US army colonel and Chief of Staff for Colin Powell, Lawrence Wilkerson unleashed a most prescient speech on the demise of the United States Empire.
As Naked Capitalism’s Yves Smith notes,Wilkerson describes the path of empires in decline and shows how the US is following the classic trajectory. He contends that the US needs to make a transition to being one of many powers and focus more on strategies of international cooperation.
The video is full of rich historical detail and terrific, if sobering, nuggets, such as:
“History tells us we’re probably finished. Continue reading »
EXCLUSIVE-Strategika 51: Six Russian fighter jets type Multirole Sukhoi SU – 30 SM have intercepted 4 Israeli McDonnell Douglas F-15’s fighter bombers attempting to infiltrate the Syrian coast.The Israeli F 15 warplanes have been flying over Syrian airspace for months and in particular the coast of Latakia, which is now the bridgehead of the Russian forces in Syria.
The Israeli jets would generally follow a fairly complex flight plan and approach Latakia from the sea
On the night of 1 October 02, 2015, six Sukhoi SU-30 Russian SM fighters took off from the Syrian Hmimim airbase in the direction of Cyprus, before changing course and intercepting the four Israeli F-15 fighters off the coast of Syria, that were flying in attack formation.
Surprised by a situation as unexpected and probably not prepared for a dogfight with one of the best Russian multipurpose fighters, Israeli pilots have quickly turned back South at high speed over the Lebanon. Continue reading »
16 countries want to prohibit genetically modified crops
Sixteen countries have alerted the European Union that they want to opt out of E.U.-approved GM crops. Continue reading »
Moscow is supporting both countries (Syria and Iraq) in their proxy war against the ISIL which is supported by the US and its allies.
Amply documented but rarely mentioned in news reports, the ISIS is a creation of US intelligence, recruited, trained and financed by the US and its allies including Britain, France, Saudi Arabia, Qatar, Turkey, Israel and Jordan.
Until recently, the ISIS was known as Al Qaeda in Iraq (AQI). In 2014, it was renamed the Islamic State (Islamic State of Iraq and Syria, Islamic State of Iraq and the Levant). Continue reading »
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category. When I first saw that number I truly believed that it was inaccurate. But you can find the raw figures right here. According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”. That gives us a grand total of 102.6 million working age Americans that do not have a job right now.
That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude. Continue reading »
While the US has certainly made some epic strategic blunders in Syria that raise serious questions about just how “intelligent” US intelligence actually is, there’s little doubt that if one were to look behind all of the media parroting, the Pentagon and Langley understand all too well what’s going on in the Middle East.
That is, the significance of the Russia-Iran “nexus” in Syria isn’t lost on anyone in the US military and you can bet there have been quite a few high level discussions over the past 72 hours about the best way to counter Moscow and Tehran’s powerplay before it spills over into Iraq and ends up degrading Washington’s influence in Baghdad. Continue reading »
Senior U.S. military leaders and defense officials are debating whether military force should be used to protect Washington-backed Syrian rebels who have come under attack by Russian airstrikes in recent days.
The Associated Press reported early Friday that the question was part of a broader debate within the Pentagon about the the broader dilemma of how the administration should respond to what White House press secretary Josh Earnest described as Russia’s “indiscriminate military operations against the Syrian opposition.”
After taking a its biggest step lower since 2011 in the past month, why has the selling in the S&P500 stalled? Because, well, hope may not be a strategy but now with the Fed’s credibility rapidly evaporating, it is all investors have, or as Gundlach puts it: “The reason the markets aren’t going lower is people are holding and hoping.” Incidentally, there is a reason why hope is not a strategy: in the end, it always fails.
Not that they ever were, but they’ve finally decided to be honest about it. Which to be honest, is pretty scary.
From the Independent:
Human rights are no longer a “top priority” for the Government, Britain’s most senior Foreign Office official has admitted, as ministers put resources into supporting trade deals ahead of tackling injustice in other parts of the world. In a remarkably frank admission to MPs, Sir Simon McDonald, Permanent Secretary at the Foreign Office, said that human rights no longer had the “profile” within his department that they had “in the past”.
Yes, you read that right. Trade deals. You know like… Continue reading »
By way of excuse for what President Obama called “a tragic incident,” (and The UN called a ‘war crime’) US officials have claimed that the Taliban were fighting from within the Kabul hospital (which was destroyed by a US air strike yesterday killing at least 19 including 3 children) using aid workers as “a human shield.” However, this justification for the ‘collateral damage’ has been vehemently denied by Medecins Sans Frontier (MSF) who have issued a statement dismissing the US claims, “the gates of the hospital compound were closed all night so no one that is not staff, a patient or a caretaker was inside the hospital when the bombing happened…” but, the US strike has done one thing, as one local health official concluded, “this city is no longer for the living.” Continue reading »
A day after we ran “Meet Your “Independent” Media, America“, in which we showed how prime time entertainment like 60 Minutes is strategically and voluntarily “planted” with propaganda trolls and “concerns” thus crushing any “unbiased” credibility mainstream US media may have, we dug into the archives to bring you “Conspiracy Theory Rock.”
This cartoon created by SNL cartoonist Robert Smigel in 1998 ran once in a “TV Funhouse” segment, and has been since removed from all subsequent airings of the Saturday Night Live episodes. As a reminder, 90% of US media is currently controlled by 6 corporations: General Electric, News Corp., Disney, Viacom, Time Warner and CBS…
Once again the reactions of desperate government policies looks like creating an even worse situation thanks to unintended (though entirely foreseeable) consequences. Amid the prospect of sharply higher shipping taxes in Greece – designed to increase revenues and ‘fix’ the debt-ridden nation, WSJ reports many of Greece’s world-leading shipowners are actively exploring options to leave their home country. With Greece controlling 20% of the world’s shipping fleet, the ‘quadriga’ of Greek creditors’ demands to raise taxes (because debt restructuring is out of the question) on such an ‘easy target’ as the world’s largest shipping industry appears likely to backfire as an entire industry’s revenues move out of reach of government taxers.
Earlier today, we ventured to characterize the breakdown of Washington’s strategy in Syria as the worst US foreign policy blunder since Vietnam.
To be sure, that’s a bold claim, but it’s supported by the sheer number of missteps, bad outcomes, and outright absurdities that have developed in the Mid-East as a result of the effort to oust Bashar al-Assad.
At the most basic level, the support provided by Washington, Riyadh, and Doha for the various Sunni extremist groups battling for control of Syria has created a humanitarian crisis of epic proportions. Hundreds of thousands of people are dead and millions are displaced. As tragic as the situation already is, the conditions are ripe for it to get even worse if the move by Brussels to force recalcitrant EU countries into accepting a migrant quota system they are opposed to ends up triggering a dangerous bout of xenophobia in the Balkans. Continue reading »
When President Obama spoke in reaction to the heinous October 1 attack on Umpqua Community College, he went beyond his usual calls for more gun control and suggested instead that America consider following the path blazed by Australia and Great Britain.
In the mid-1990s Australia and Great Britain both instituted what were virtually complete bans on firearm possession.
Obama referenced the bans thus:
We know that other countries, in response to one mass shooting, have been able to craft laws that almost eliminate mass shootings. Friends of ours, allies of ours — Great Britain, Australia, countries like ours. So we know there are ways to prevent it.
And Obama is not the only one who suggested taking a gun-free approach to American life. The anti-Second Amendment message was also pushed by Slate, Vox, and Dan Savage. Continue reading »
A WANNABE glamour model had an abortion so she could get a nose job to achieve her dream of becoming a porn star.
Dubbed Britain’s most shameless woman, 25-year-old Josie Cunningham terminated her pregnancy at 12 weeks after surgeons refused her cosmetic surgery while she was pregnant.
“I’m having this nose job no matter what gets in my way,” the single mum-of-three said.
“Pregnancy was a major obstacle and an abortion was the answer to it — so that’s what I did. Continue reading »
One question that’s been asked repeatedly over the past thirteen months is why Washington has been unable to achieve the Pentagon’s stated goal of “degrading and defeating” ISIS despite the fact that the “battle” pits the most advanced air force on the planet against what amounts to a ragtag band of militants running around the desert in basketball shoes.
Those of a skeptical persuasion have been inclined to suggest that perhaps the US isn’t fully committed to the fight. Explanations for that suggestion range from the mainstream (the White House is loathe to get the US into another Mid-East war) to the “conspiratorial” (the CIA created ISIS and thus doesn’t want to destroy the group due to its value as a strategic asset). Continue reading »
Update 2: the death toll has risen to 16, including 9 hospital staffers and 3 children.
UPDATE: At least 16 people died- nine MSF staff, 7 patients from Intensive care unit, among them three children http://t.co/5puRbAlgXS
— Doctors w/o Borders (@MSF_USA) October 3, 2015
Update: and now the UN is getting involved, which means the US will have to spend even more taxpayer funds on bribes to make the “international community” forget this collateral damage incident and refocus on evil Russia.
#BREAKING: Kunduz air strikes ‘inexcusable’, ‘possibly criminal’: UN rights chief
— Agence France-Presse (@AFP) October 3, 2015
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Just when you thought it couldn’t get any worse for US foreign policy, or for the credibility of the US state department to slide further, it got much worse. Continue reading »