I KEEP six honest serving-men
(They taught me all I knew);
Their names are What and Why and When
And How and Where and Who.
I send them over land and sea,
I send them east and west;
But after they have worked for me,
I give them all a rest.
I let them rest from nine till five,
For I am busy then,
As well as breakfast, lunch, and tea,
For they are hungry men.
But different folk have different views;
I know a person small—
She keeps ten million serving-men,
Who get no rest at all!
She sends’em abroad on her own affairs,
From the second she opens her eyes—
One million Hows, two million Wheres,
And seven million Whys!
– Rudyard Kipling, The Elephant’s Child (1902)
British (Indian-born) author (1865 – 1936)
– Don’t Show Obama This Report About Who Really Is Behind The Syrian Chemical Attacks (ZeroHedge, Aug 30, 2013):
As we showed mere days ago, it appears the truth of who the real puppet-master in the Middle-East is becoming plainer to see. The incredibly frank discussion between Saudi’s spy-chief Prince Bandar and Russia’s Putin exposed a much deeper plot is afoot and the following details from the actual people on the ground in the chemically-attacked region of Syria suggest Obama is playing right into the Saudi’s plan. While Obama is ‘certain’ that the chemical attacks took place on al-Assad’s orders, as MPN reports, “from numerous interviews with doctors, Ghouta residents, rebel fighters and their families, a different picture emerges. Many believe that certain rebels received chemical weapons via the Saudi intelligence chief, Prince Bandar bin Sultan, and were responsible for carrying out the dealing gas attack.”
The narrative for public consumption is well-known and quite clear – it was all as-Assad’s fault. And yet…
Is France also ready for ‘a Putin response’?
– Hollande Undeterred By UK Shock: “France Will Participate. It Is Ready” For Syrian Attack (ZeroHedge, Aug 30, 2013):
The Germans “haven’t considered any military participation… and are still not doing so.” The Brits unexpectedly voted ‘not’ to join Obama in an attack on Syria , with Cameron adding that he didn’t think “it’s a question of having to aplogize” to Obama. But Obama can rest assured as the French remains undeterred. After France refused to join the US-led invasion of Iraq in 2003, but was quickly aided by the US in the military intervention against Islamist militants in Mali earlier this year, Hollande is vehement of the need to “punish” Damascus, “France will participate. It is ready.” Sounds like a resounding ‘we’re in,’ right? It seems Hollande is dead set on lower French unemployment… by making every jobless person a soldier in Syria (packing at least one backup white flag of surrender). But, don’t get too excited since, with lukewarm public support, Hollande has said he will summon the French parliament to vote on the debate… on September 4th (no rush…).
France is prepared to take action against Syria despite the vote against military intervention by Britain, its closest European military ally, French president François Hollande has said.
“The chemical massacre in Damascus cannot remain unpunished. If not, it would risk an escalation that would trivialise the use of these weapons and would threaten other countries,” said Mr Hollande.
He said he did not favour a military operation to overthrow President Bashar al-Assad but a deterrent strike to punish “a monstrous violation of human rights”.
Tick Tock… Tick Tock… Tick Tock…
Chart: Stone McCarthy
– The Fed Owns 31.89% Of The Bond Market: Up 0.3% In One Week (ZeroHedge, Aug 30, 2013):
We have beaten this topic to death so we won’t say much more, suffice to say the chart below shows what is the key issue: too much monetization and it’s game over for the reserve currency; too little and it’s an uncontrolled market sell off, and with every passing week the margin for error gets less and less.
- Last week the Fed owned $1.663 trillion in ten year equivalents, or 31.59% of total
- This week the Fed owned $1.678 trillion in ten year equivalents, or 31.89% of total
In other words, the Fed’s holdings of the Treasury market, expressed though the correct 10 Year equivalent basis not the completely wrong total notional, rose by a whopping 0.3% in one week!
Annualize that (especially without a taper) to understand just how cornered the Fed now is (especially with the TBAC already complaining non-stop about lack of Treasury liquidity and eligible private-sector collateral).
For much more on this, see here.
– As Syria distracts, here’s what else is happening while no one is looking… (Sovereign Man, Aug 29, 2013):
By Simon Black
As everyone is now completely distracted with the looming prospect of yet another illegal war to be waged by the 2009 Nobel Peace Prize recipient, let’s look at a few other things going on while no one is looking.
Today, the Obama administration announced fresh measures to restrict the availability of firearms in the Land of the Free.
This time around, they want to ban the re-importation of firearms that have been exported from the US to allied nations. They also want to raise the bar on federal background checks.
But rather than go through Congress, the Obama administration is simply going to create a new ‘rule’.
… but hey, let’s give them some more billions every year:
PDF: U.S. Foreign Aid To Israel (Congessional Research Service, Aug 11, 2013):
Israel is the largest cumulative recipient of U.S. foreign assistance since World War II.
To date, the United States has provided Israel $118 billion (current, or non-inflation-adjusted, dollars) in
Almost all U.S. bilateral aid to Israel is in the form of military assistance, although in the past Israel also received significant economic assistance.
In 2007, the Bush Administration and the Israeli government agreed to a 10-year, $30 billion military aid package spanning from Fiscal Year (FY) 2009 to Fiscal Year 2018.
During his March 2013 visit to Israel, President Obama pledged that the United States would continue to provide Israel with multi-year commitments of military aid subject to the approval of Congress.
– Obama Proposes $800 Million In Aid For ‘Arab Spring’ – Foreign Aid: $11.8 Billion For Iraq, $4.6 Billion For Afghanistan, $3.1 Billion For Israel, $2.4 Billion For Pakistan And $1.3 Billion For Egypt
– President Obama: ‘I’m proud that even in these difficult times we’ve fought for and secured the most funding for Israel in history’ – ‘I am proud to say that no US administration has done more in support of Israel’s security than ours. None. Don’t let anyone else tell you otherwise. It is a fact.’
– Leaked documents reveal US sees Israel as a spying threat (Video) (The Hill, Aug 29, 2013):
The Obama administration views Israel as one of the top spying threats facing its intelligence services, leaked documents reveal.
A secret budget request obtained byThe Washington Post from former NSA contractor Edward Snowden lumps Israel alongside U.S. foes Iran and Cuba as “key targets” for U.S. counterintelligence efforts. The document suggests Israel does not believe U.S. assurances that its interests are aligned with Israel’s on crucial issues such as Iran and peace talks with the Palestinians.“To further safeguard our classified networks, we continue to strengthen insider threat detection capabilities across the Community,” reads the FY 2013 congressional budget justification for intelligence programs. “In addition, we are investing in target surveillance and offensive CI [counterintelligence] against key targets, such as China, Russia, Iran, Israel, Pakistan and Cuba.”
The White House and the Israeli Embassy did not respond to requests for comment.
– Wal*Mart Now Serving Effortless Meals (ZeroHedge Aug 30, 2013):
“…the strength of the Wal*Mart crowd will hoist the economy…”
To which I replied, “It appears that the Wal*Mart crowd is interested in less effort, not so much hoisting the economy, as evidenced by this billboard.”
Americans think are taught that “effortless” is the path to happiness, when really it is the path to diabetes, hip and knee replacements, bankruptcy, no sex life, and MOAR DEBT!
Right after just one more effortless meal of Coke, potato salad, and Tyson chicken America will start exercising, go on a diet, and then Bernanke can taper. Don’t hold your breath.
Nearly 9 million Americans are destroying their health.
– Sleepless in the states: Nearly 9 million pop pills for shut-eye (NBC News, Aug 29, 2013):
Desperate for rest in a frenzied world, at least 8.6 million Americans take prescription sleeping pills to catch some Zzzs, according to the first federal health study to focus on actual use.
Between 2005 and 2010, about 4 percent of U.S. adults aged 20 and older popped popular prescription drugs such as Lunesta and Ambien in the previous month, say government researchers who tracked 17,000 people to their homes and peered into their medicine cabinets.
– 1,000 Irish people emigrate a week (Irish Examiner, Aug 30, 2013):
Almost 1,000 Irish people left Ireland each week last year to find work abroad — the highest figure since the recession began in 2008.
According to the latest CSO figures, 50,900 Irish people emigrated in the 12 months to April. Overall, 89,000 people left the country in this period — an increase of 2.2% on the 87,100 in 2012.
The exodus has primarily affected young people, with more than 40,000 of those leaving the country under the age of 24. Around the same number were aged between 25 and 44.
Almost a quarter (21,900) of all people leaving the country went to Britain, while 17.3% (15,400) went to Australia.
– Chinese adults hire wet nurses to provide human breast milk on demand as ‘Mother Nature’s smoothie’ (Natural News, Aug 29, 2013):
The South China Morning Post is now reporting that adults in China are paying good money to breastfeed on wet nurses who are well paid for providing their milk. The wet nurses are paid around US$2,700 per month, and clients are offered the ability to consume the beverage directly. As in mammary consumption.
(Pause to let this sink in for a minute…)