Sep 16

- Over 1000 US, NATO Troops Begin Military Exercises In Ukraine (ZeroHedge, Sep 16, 2014):

Russia could care less whether Ukraine signs meaningless accession agreements with Europe (as it just did) because at the end of the day, Ukraine needs Russia’s gas (if only for the next 4-6 years until Hunter Biden develops Ukraine’s shale deposits and the Qatar gas pipeline finally crosses Syria). Russia, however, is very angry when NATO gets ever closer to its borders, which it just did when earlier today, more than 1,000 troops from 15 NATO and non-NATO countries, including the US of course, are taking part in a military exercise in Ukraine.

The good news: The “Rapid Trident” exercise is happening near Lviv on the Polish-Ukrainian border, around 1,000 miles from the conflict in east Ukraine.

The bad news: 1,000 miles will hardly be considered enough by the Kremlin which will see this latest incursion by NATO ever closer to its border as another direct threat and a hint of what will happen if Ukraine is allowed to progress on its path of demanding entry into the military alliance.

From EuroNews: Continue reading »

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Sep 16

- UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond (ZeroHedge, Sep 15, 2014):

Yuanification continues around the world. As The USA attempts to corral its allies in a ‘broad coalition’, an increasing number of people – including domestic economic policy advisors – are shifting away from the USD as primary reserve currency. However, the move by British Chancellor of the Exchequer George Osborne, announced Friday, is likely the most notable yet in the world’s de-dollarization. As Xinhua reports, the British government intend to be the first nation (ex-China) to issue Renminbi denominated bond and to use the proceeds to finance the government’s reserves of foreign currency. Osborne described this dialogue outcome as “a historic moment” and a statement of British confidence in the potential of the RMB to become “the main global reserves currency”.

As Xinhua reports, Continue reading »

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Sep 16

- Petrodollar Panic: EU Officials Admit Buying Oil From ISIS (ZeroHedge, Sep 15, 2014):

We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their ‘recently-provisioned’ oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).

As The Daily Signal’s Kelsey Harkness ( @kelseyjharkness ) notes,

According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.

And now we know who is buying… (as Sott.net reports)

A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.

In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL. Continue reading »

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Sep 16

What could possibly go wrong?
mad_max_2_1981



For the best viewing experience, watch the above video in hi-definition (HD) and in expanded screen mode

Debt

“… today the average family of four in America is associated with roughly $735,000 of debt.”

- Debt – Crash Course Chapter 13 (Peak Prosperity, Sep 12, 2014):

There’s just too damn much of it

The fundamental failing of today’s global economy can be summarized simply: Too Much Debt

We have taken too much of it on, too fast, in too many markets around the world, to have any hope of making good on it. Not only does the math not work out, but also on a moral level, we are placing a tremendous obligation on future generations that will unfairly limit the prosperity they can enjoy tomorrow in order to finance our consumption today.

In the US alone, total credit market debt stands at over $57 trillion and is doing its damnedest to continue expanding exponentially. Since simple math shows us that this debt level cannot be supported, the key questions to ask at this stage are:

Will the unsupportable debt disappear via default, or inflation?

And very important: Continue reading »

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Sep 15

H/t reader M.G.:

“Only Japanese producer with show that addressed Fukushima found dead………questions around death abound…..he was the only one with the guts to cover the horrors of Fukushima, the rest of the media is mute…..like the US media.”


“Very Frightening”: Journalist on popular Japan news program found dead — Only person reporting about Fukushima on national TV — Chilling recent quote: “I want you to know I will never commit suicide” — No news coverage of death, no obituary, ‘strange’ nuclear message shown on air (VIDEO) (ENENews, Sep 15, 2014):

Interview with Beverly Findlay Kaneko, evacuee from Yokohama, Japan, Social Uplift, published Sept. 14, 2014: A TV journalist named Mr. Masaki Iwaji, he was the only TV director to work on the Fukushima issue — the humanitarian problems and the corruption involved — and get it on national TV… He was found dead and there are rumors that it was suicide, but there is a lot of speculation that it was not. It is something that I’ve been thinking about quite a lot this week… His program, which is called ‘Hodo Station’, is a nightly news program that’s very popular. I would equate it to ‘60 Minutes’. That program has come under a lot of fire. The main anchor of that program, Mr. [Ichiro] Furutachi — who is extremely popular… it was rumored that he was in danger of losing his job for actually allowing these issues to be covered. Many of us are extremely upset to hear about Mr. Iwaji’s death. It’s very frightening. >> Watch segment here Continue reading »

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Sep 15

From the article:

“We all know that was a massive false flag operation directly benefiting and involving [Israel’s] Mossad,” Kelley told Press TV on Sunday.

“We also know that ISIL is a fabrication, it is a child of the US and Mossad.”


- Saudis acting ‘lapdog role’ for US in 9/11: Former CIA contractor (PressTV, 14, 2014):

Former CIA contractor Steven Kelley says the claim that ISIL came to power by the failure of the US to investigate Saudi Arabia for the 9/11 attacks is “a massive case of denial” and the kingdom is acting the “lapdog role” for Washington. Continue reading »

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Sep 15

Flashback.



Published on Jun 5, 2013

If this doesn’t wake you up, I don’t know what will.

Links to get you started on your research: Continue reading »

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Sep 15

- ISIS’ Next Target: The Suez Canal (Zerohedge, Sep 14, 2014):

Following ISIS blitzkrieg in which it took over nearly half of Iraq and a third of Syria in the blink of an eye, at which point it created its own Islamic State Caliphate resulting in Obama’s own personal war against the jihadists, some have wondered what is ISIS’ next step: surely its leadership will not merely stagnatte as one after another US predator drone bomb away the capital Reqqa until ISIS figurehead leader al-Baghdadi is killed or gravely wounded. To be sure, the one thing ISIS, which stunned the world with the speed of its ascent, can not afford is to stand still.

So what is next on the strategic timeline for the Islamic State?

According to one source, Al Arabiya, which cites Egyptian experts, the answer is none other than the Suez Canal, and the country it is located in: Egypt. Continue reading »

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Sep 15

Russian officials fear regional war may turn into a world war.

Russia
The worry in Moscow is that the Pentagon and Nato will also hit ‘other targets’ in Syria, writes Nekrassov [Reuters]

- Russia: We warned the Yanks about Islamic State (Al Jazeera, Sep 16, 2014):

By Alexander Nekrassov (a former Kremlin and government adviser)

A joke making the rounds among Russian officials and hacks who take a keen interest in what is going on in the Middle East these days goes something like this: How will the Yanks deal with the Islamic State group? They will create “Islamic State 2″, a bigger and better armed group, and let it deal with the original Islamic State group. And what happens when “Islamic State 2″ turns against them as it happened with the original Islamic State? They will create “Islamic State 3″, and so on. Continue reading »

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Sep 15

The Trials and Tribulations of “Abenomics” (Acting-Man, Sep 14, 2014):

We have frequently discussed the nonsensical attempt by Japanese prime minister Shinzo Abe and BoJ governor Haruhiko Kuroda to print and spend Japan back to prosperity. By now it is well known that devaluing the yen has not achieved the desired effect, but rather the opposite. Not only have exports not really received the expected boost, but Japan’s trade and current account surplus have decreased markedly, even posting negative numbers for the first time in decades. Of course, currency debasement never works: it cannot work. This is Keynesian logic and brilliance in all it splendor.

 

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Sep 15

- Expert: Plutonium contamination of Pacific Ocean food chain from Fukushima now suspected; “Real source of potential long term problems for humans” — Newspaper: “Leakage of highly contaminated water into sea must be dealt with immediately” — Gov’t: Effect on health of US public not ‘significant’ (VIDEO) (ENENews, Sep 14, 2014):

The Yomiuri Shimbun, Sept. 11, 2014: TEPCO measures fail to hold water — Three and a half years after the outbreak of the crisis at the Fukushima No. 1 nuclear power plant, efforts to contain water contaminated with radioactive substances at the plant are at a crossroads… [TEPCO] has been unable to curb the growing volume of contaminated water… Yomiuri Shimbun reporters entered the Fukushima No. 1 plant on Monday morning… Ocean still remains vulnerable — Leakage of highly contaminated water into the sea is another problem that must be dealt with immediately… Continue reading »

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Sep 15

russian-response-sanctions-cars

- Russia may restrict import of Western cars, clothes in new sanctions tit-for-tat (RT, Sep 12, 2014):

Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.

There are many sellers of non-agricultural goods in the West who are heavily dependent on the Russian market, the official said. Continue reading »

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Sep 14

Russia-Ukraine-convoy-2

- Russia Sends Second Humanitarian Convoy Into Ukraine, And Nobody Says A Word (ZeroHedge, Sep 13, 2014):

About a month ago, when Russia sent a humanitarian convoy to aid ethnic Russians in east Ukraine, the Western world, and of course media, screamed bloody murder, with everyone from NATO to the Kiev government declaring it, without a shadow of a doubt, an invasion, a Trojan Horse, and a convoy of arms deliveries for the rebels caught in the Ukraine civil war, not necessarily in that order. Nobody thought it could possibly be just that: a convoy of humanitarian aid delivering provisions to hundreds of thousands of civilians caught in the middle of a war. Then finally, after weeks of delays, the convoy was allowed in and after unloading its cargo, promptly returned to Russia without a single incident.

Fast forward to today, when hours ago Russia sent a second humanitarian convoy into east Ukraine, which entered without enter the approval of Kiev or the oversight of the Red Cross and nobody said a word. Continue reading »

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Sep 14

FYI.


- ISIS Beheads British Aid Worker In “Message To Allies Of America” (ZeroHedge, Sep 13, 2014):

Rather disturbingly, ISIS had just announced the execution of another captive:

  • *ISLAMIC STATE RELEASES VIDEO SHOWING BEHEADING OF DAVID HAINES

ISLAMIC STATE RELEASES VIDEO SHOWING BEHEADING OF DAVID HAINES

As Bloomberg reports,

Video is similar to ones in which James Foley, Steve Sotloff were killed, SITE says. Continue reading »

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Sep 14

- Mysterious Men Dropping From Helicopters To Chop Down NorCal Marijuana Grows (CBS, Sep 12, 2014):

ENDOCINO COUNTY (KPIX 5) — There’s been some mysterious activity in the skies over Mendocino County lately. Folks who live there want to know: Who are the armed men dropping out of helicopters to chop down their marijuana grows?

They dress in combat camouflage, some of them hide their faces. This summer, a group of men in Mendocino County loaded into helicopters and flew missions to eradicate marijuana. They’re not police officers. They work for a security company called Lear Asset Management. Continue reading »

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Sep 14

- U.S. Supreme Court Justice: “We Are In that Brave New World, and We Are Capable of Being In that Orwellian World, Too” (Washington’s Blog, Sep 13, 2014):

Top Politicians Warn of Fascism

Current U.S. Supreme Court Justice Sonia Sotomayor said yesterday in reference to spying and drones:

We are in that brave new world, and we are capable of being in that Orwellian world, too.

Two former Supreme Court Justices – Souter and O’Connor – also warned of dictatorship.

So have both Republican and Democratic congress members.

And two top-level NSA officials.

A small handful of players control: Continue reading »

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Sep 14

Art Cashin

- Art Cashin: “Things Could Theoretically Turn Into What I Call A Lehman Moment” (ZeroHedge, Sep 13, 2014):

Courtesy of Finanz und Wirtschaft, interview by Christoph Gisiger

Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.

From the assassination of President Kennedy via the stock market crash of 1987 and the Fall of the Berlin Wall through to the burst of the dotcom bubble, the terror attacks of 9/11 and the collapse of Lehman Brothers: Art Cashin has experienced all the major world events of the last half century at the floor of the New York Stock Exchange. Currently, the highly respected Wall Street veteran keeps a close eye on the geopolitical tensions in the Middle East and on the situation in Ukraine which reminds him of the Cuban missile crisis «The markets are edgy and nervous», says the Director of Floor Operations for UBS Financial Services while constantly checking the quotation board. Like many traders here, he is somewhat skeptical of the huge stock market rally that started in March 2009. «I think it is a question of the extraordinarily low interest rates», he explains. Continue reading »

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Sep 14

- US ‘at war’ with ISIS: White House and Pentagon upgrade ‘Al-Qaeda style’ op (RT, Sep 13, 2014):

The US has, for the first time, declared that it is “at war” with the Islamic State. So far top leaders, Barack Obama and John Kerry among them, have been carefully dodging the term after the not-so-successful campaigns in Iraq and Afghanistan.

White House press secretary John Earnest first used the term “war” on Friday, at least three times. “The United States is at war with ISIL in the same way that we are at war with Al-Qaeda and its Al-Qaeda affiliates all around the globe,” he said.

A few minutes later, Pentagon spokesman, Rear Admiral John Kirby, added: “This is not the Iraq war of 2003, but make no mistake, we know we are at war with ISIS, in the same way we are at war and continue to be at war with Al-Qaeda and its affiliates.” Continue reading »

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Sep 14

- Follow the Money; Follow the Oil: How the West Created the Islamic State (CounterPunch, Weekend Edition Sep 12-24, 2014):

Part 1 – OUR TERRORISTS

“This is an organisation that has an apocalyptic, end-of-days strategic vision which will eventually have to be defeated,” Gen Martin Dempsey, chairman of the US Joint Chiefs of Staff, told a Pentagon press conference in August.

Military action is necessary to halt the spread of the ISIS “cancer,” said President Obama. Yesterday he called for expanded airstrikes across Iraq and Syria, and new measures to arm and train Iraqi and Kurdish ground forces.

“The only way to defeat [IS] is to stand firm and to send a very straightforward message,” declared Prime Minister Cameron. “A country like ours will not be cowed by these barbaric killers.” Continue reading »

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Sep 14

scotland-ballot-box

- Scotland: Independence Is Not On The Table (UK Column, Sep 10, 2014):

Today the LibLabCon has joined forces to keep the Union together, they say. Very publicly “abandoning” Prime Ministers Questions in order to give the maximum impression that they actually wish to keep the Union together, all three have flown up to Scotland to campaign for a “NO” vote.

The Three Stooges are playing a clever psychological game. Their intention is clear as evidenced by the constitutional reform agenda – the breakup of the Union. They give the impression that they are fighting for Scotland to stay in the Union in the full knowledge that any right thinking Scotsman or woman will struggle to resist the temptation to punch them on the nose at first sight.  Continue reading »

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Sep 14

- “Moderate” Syrian Rebels Sign Non-Aggression Pact With ISIS; Iraq Defies US (ZEroHedge, Sep 13, 2014):

First it was the ‘broad coalition’ that appeared a little narrower than President Obama explained to the world last week. Today, 2 more crucial aspects of the ‘strategy’ appear to be faltering. Despite the promise of $500 million to train “moderate” Syrian terrorist/rebels to fight ISIS, GlobalPost reports Syrian rebels and jihadists from the Islamic State have agreed a non-aggression pact for the first time. Under the deal, “the two parties will respect a truce until a final solution is found and they promise not to attack each other because they consider the principal enemy to be the Nussayri regime.” Not exactly what Obama and Kerry had in mind. But it is John Kerry’s trip to Iraq that appears to have had blowback already as Reuters reports the newly installed US-friendly PM al-Adadi ordered his air force to halt strikes on civilian areas, “even in those towns controlled by ISIS,” just a day after Kerry’s visit (which left Turkey explaining how it would not support US airstrikes either). So far, so good?!

So, to sum up… Continue reading »

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Sep 14

obama puppet

- America’s Poor Have Never Been Deeper In Debt (ZeroHedge, Sep 13, 2014):

When it comes to the poorest quartile of US society, some 14 million people, any suggestion that US society is deleveraging and setting the stage for pent up releveraging and thus, economic growth, is dead wrong. In fact, as the Fed’s triennial Survey of Consumer Finances, released last week showed, America’s poorest have never been more in debt! Continue reading »

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Sep 14

- High alert in Uganda after terror plot foiled, US issues warning (RT, Sep 13, 2014):

Hotels and public places have been closed in Kampala, Uganda, after local authorities said that they had uncovered a terrorist plot by a Somali militant group. The US embassy warned its nationals to stay indoors as the counter-terrorist action continues.

Ugandan authorities discovered a “terrorist cell” run by Somali militant group Al-Shabaab, a terrorist organization closely connected with Al-Qaeda, in the country’s capital Kampala. The group is believed to have been planning an imminent attack. Continue reading »

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Sep 14

- Obama’s “Gravest” Threat (ZeroHedge, Sep 12, 2014):

Obama-grave-threat

Well, I believe he is about this much concerned about his polls …

obama-laughing

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Sep 14


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Sep 14

- Al-Qaeda’s Specter in Syria (Council On Foreign Relations, Aug 6, 2012):

The Syrian rebels would be immeasurably weaker today without al-Qaeda in their ranks. By and large, Free Syrian Army (FSA) battalions are tired, divided, chaotic, and ineffective. Feeling abandoned by the West, rebel forces are increasingly demoralized as they square off with the Assad regime’s superior weaponry and professional army. Al-Qaeda fighters, however, may help improve morale. The influx of jihadis brings discipline, religious fervor, battle experience from Iraq, funding from Sunni sympathizers in the Gulf, and most importantly, deadly results. In short, the FSA needs al-Qaeda now. Continue reading »

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Sep 13

Europe Folds To Russian Demands, Delays Ukraine Free Trade Deal By Over A Year (ZeroHedge, Sep 12, 2014):

While the world was poring through the details of the latest round of preannounced western sanctions against Russia – a round which Russia commented would have virtually no actual impact – and just as excitedly awaiting the Kremlin’s retaliation which Putin warned is coming shortly, far from the glare of the center stage Europe quietly folded to a bigger Russian demand namely to delay the implementation of a Ukraine free trade deal by more than one year until the end of 2015 and likely beyond. Continue reading »

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Sep 13

- FBI Whistleblower: Pentagon, CIA, NATO and MI6 Were Masterminds Behind 9/11 (Washington’s Blog, Sep 11, 2014):

“As Far As People Who Ran The Show, It Was The Highest Levels of NATO, the U.S., MI6, CIA And The Pentagon”

Sibel Edmonds has just released her fantastic spy thriller,  The Lone Gladio.     Here’s our review, comparing it to the best of Clancy or Ludlum … but with a twist.

In the real world, Edmonds is a former FBI translator who translated terror-related communications for the FBI right after 9/11. In that capacity, she read communications between terrorists and other radicals.

Edmonds has been deemed credible by the Department of Justice’s Inspector General, several senators (free subscription required), and a coalition of prominent conservative and liberal groups.

The ACLU described Edmonds as:

The most gagged person in the history of the United States of America.

Famed Pentagon Papers whistleblower Daniel Ellsberg says that Edmonds possesses information “far more explosive than the Pentagon Papers”. He also says that the White House has ordered the press not to cover Edmonds: Continue reading »

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Sep 13

- China Daily: “Western Sanctions Will Make Moscow Back The Chinese Yuan Against The Dollar” (ZeroHedge, Sep 12, 2014):

Op-Ed posted in China Daily

West’s Antics Pushing Russia closer to China

Putin Xi Sept 2014

The recent NATO summit in Wales, held against the background of the armed conflict in Ukraine, has brought back the Cold War atmosphere to Europe. NATO’s partnership with Russia remains formally suspended. In fact, NATO is treating Russia more as an adversary than a partner. Continue reading »

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Sep 13

Putin111

- US Unveils Latest Russian Sanctions, Putin Immediately Responds That Russia Drafting Retaliation (ZeroHedge, Sep 12, 2014):

Moments ago, as was widely preannounced, the US Treasury unveiled its latest round of Russian sanctions. While the bigger picture was well-known, here are some of the highlights:

  • U.S. SANCTIONS FOCUS ON FINANCIAL, ENERGY, DEFENSE SECTORS
  • U.S. TREASURY ADDS SBERBANK TO SANCTIONS LIST,
  • U.S. TREASURY SANCTIONS AFFECTS GAZPROM, GAZPROM NEFT, LUKOIL, ROSNEFT, AND SURGUTNEFTGAZ
  • U.S. TIGHTENS DEBT FINANCING RESTRICTIONS TO 30 DAYS

As Bloomberg reports, action deepens existing sanctions on Russian financial institutions, expands sanctions on Russia’s energy sector, targets additional energy- and defense-related firms, U.S. Treasury says in statement. “Today’s actions demonstrate our determination to increase the costs on Russia as long as it continues to violate Ukraine’s territorial integrity and sovereignty,” Under  Secretary for Terrorism and Financial Intelligence David S. Cohen says in statement

Treasury Dept says it “maintains significant scope to expand these sanctions.” Continue reading »

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