While one could, at least superficially, make the case that for the US consumer (if nobody else) lower oil prices are indeed better than the opposite, we wonder how the same pundits will spin that according to AAA, not only are Los Angeles gas prices now back over $4.00 per gallon, erasing almost all losses from a year ago.
The IMF discussed a “Cyrpus-like” take it or leave it solution for Greece last week, FT reports. With the countdown to outright insolvency down to two weeks, PM Tsipras will meet EU leaders in Latvia on Thursday to make one last push for a last minute deal. Meanwhile, the fate of the Greek banking sector hangs in the balance as the ECB has come under fire for the monetary financing of the Greek government.
Gold topped $1230 this morning – breaking to 3-month highs and up over 4% year-to-date – up 5 days in a row for the best run in 4 months. The surge comes causally or correlatedly coincidental with China’s explicit shift into extraordinary measures (LTROs) but, as The FT reports,market participants are concerned that algo-based funds have created a “frenetic liquidity” environment as everyone from real money to central banks “aren’t trading the gold market the way they used to.”
Seymour Hersh found himself in the middle of an F-5 shitstorm this week after breaking his biggest blockbuster story of the Obama Era, debunking the official heroic White House story about how Navy SEALs took out Osama Bin Laden in a daring, secret nighttime raid in the heart of Pakistan.
According to Hersh’s account, OBL was given up by one of his Pakistani ISI prison wardens—our Pakistaini allies had been holding him captive since 2006, with backing from our Saudi allies, to use for leverage. Hersh’s account calls into question a lot of things, starting with the justification for the massive, expensive, and brutal US GWOT military-intelligence web, which apparently had zilch to do with taking out the most wanted terrorist in the world. All it took, says Hersh, was one sleazy Pakistani ISI turncoat walking into a CIA storefront in Islamabad, handing them the address to Bin Laden’s location, and picking up his $25 million bounty check. About as hi-tech as an episode of Gunsmoke.
Murray Abbott, an institutional sales trader at Morgan Stanley in Toronto who had been missing since April 25, was found Monday by the shore of Lake Ontario near the city’s Beaches neighborhood where he lived. He was 36.His death wasn’t suspicious, Mark Pugash, a Toronto Police Service spokesman, said Tuesday in a telephone interview. “It was obviously a very tragic missing person’s case.”
Abbott was a vice president and one of 16 people on the institutional equities desk at Morgan Stanley’s Canadian wealth-management division. He joined the New York-based bank in 2010, following jobs at Toronto-based brokerage Blackmont Capital Inc. and Research Capital Corp.
“He was larger than life, a very gregarious guy, very well liked by clients,” Laura Adams, head of Morgan Stanley’s Canadian equity-distribution business, said Tuesday in a telephone interview. “He was just a super guy.”
Appointment to the board of Sawers, who has more than 35 years of experience in international affairs and security, highlights relevance of geopolitics to oil firm
BP has hired the former head of MI6 as it seeks to capitalise on his top-level diplomatic experience while dealing with some of the toughest political environments around the world.
Sir John Sawers, who was head of the Secret Intelligence Service between 2009 and 2014, has joined the oil company’s board as a non-executive member.
BP’s chairman, Carl-Henric Svanberg, said the former spy chief “brings extensive experience of international affairs and geopolitics”.
Psychiatric drugs do more harm than good and the use of most antidepressants and dementia drugs could be virtually stopped without causing harm, an expert on clinical trials argues in a leading medical journal.
The views expressed in a British Medical Journal debate by Peter Gøtzsche, professor and director of the Nordic Cochrane Centre in Denmark, are strongly opposed by many experts in mental health. However, others say the debate around the use of psychiatric drugs is important and acknowledge that there has been overuse of antipsychotics to quieten aggressive patients with dementia.
Gøtzsche says more than half a million people over the age of 65 die as a result of the use of psychiatric drugs every year in the western world. “Their benefits would need to be colossal to justify this, but they are minimal,” he writes.
In a historic vote delegates of the American Institute of Architects (AIA) overwhelmingly voted down Resolution 15-6 which called for AIA to support a new investigation of the destruction of World Trade Center building 7 on September 11th 2001. The resolution, which was introduced by AIA member Dan Barnum FAIA, was voted down overwhelmingly by a vote of 3892 – 160 meaning 96% of the delegates voted to ignore the science, the facts, and the evidence which is today common knowledge about the destruction of WTC 7!
That’s right. 96% of voting AIA delegates voted with intentions and goals outside the realm of science and reason. Could it be that to 96% of AIA delegates two planes CAN symmetrically destroy three massive towers at freefall speed through the path of most resistance? Can it be that to 96% of AIA voting delegates a 47-story state-of-the-art tower CAN disintegrate at freefall speed due to ordinary office fires? If this was really the case, would you trust these people to build the apartment building you live in or office building you work at?
Garry Kasparov and Nigel Short revisit to play a 10-game series consisting of both rapid and blitz play in Saint Louis, Missouri, the chess capital of the United States. This chess exhibition match, pegged “Battle of the Legends”, was held at the Saint Louis Chess Club and Scholastic Center on April 25th & 26th of 2015. Kasparov and Short played 22-years prior, in the 1993 World Chess Championship with Kasparov winning the match 12.5 to 7.5. Would it be Garry Kasparov or Nigel Short who is victorious in 2015?
Christie’s sold over a billion dollars in artwork last week. Most notably, Lucian Freud’s painting of naked U.K. Jobscenter clerk “Fat Sue” sold for £35m ($56.2 million) to an anonymous buyer. Only in a satanic cult would this be considered a great art “investment.”
Only in a satanic cult would British royalty and world leaders openly cavort with convicted billionaire sex offender Jeffrey Epstein.
Only in a satanic cult would U.K. Prime Minister David Cameron invite a confessed child rapist to his wedding.
Only in a satanic cult would convicted child pornographer Ben Levin end up as the Deputy Education Minister and play a key role in developing Ontario’s new sex-education curriculum, according to documents revealed by Toronto Sun columnist Joe Warmington, despite claims to the contrary by Premier Kathleen Wynne. Levin is shown here at a “pride” parade with other Canadian political mucky mucks.
“The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth.” — H.L. Mencken (1880-1956), Journalist
My view of Jade Helm is that it is a major psy-op wrapped into a large-scale military drill that could go live to martial law at any moment. One objective is to domestically assemble huge amounts of equipment and arms, which are now showing up in unusual places.
In Jade Helm regions nationally, the psy-op objective is to draw out and identify “problematic” individuals who are suspicious of the operation. This would include local police and military who may not cooperate. It’s called Human Domain Analytics, which gathers intelligence data community by community. Some percentage of profiled individuals could then be extracted under martial law.
Included in this is online activity. Once military martial law is implemented, the Internet will be subjected to a kill switch designed to take down websites, such as the one you are reading now. You will then be kept completely in the dark.
One politician leading this attack on free speech and civil liberties is newly reelected U.K. Prime Minister David Cameron. This tyrant is proposing a slew of restrictions against loosely defined “extremists” and other boogeymen. Included among them are truthers who scrutinize false-flag events, such as 9/11, Charlie Hebdo and anything else the crime syndicate has in mind. Obama tries to come across as more balanced, but in reality he is decoy and a snake.
Jade Helm also employs a psy-op called the “little boy who cried wolf”. This effectively hurts the credibility of those who speak out to warn against the defacto militarization and the implementation of U.S. martial law. After the clarion callers are shown to be wrong about the timing of the bad wolf a few times, the hammer suddenly comes down.
There are several events to look for in a Jade Helm ribbon-cutting. Since the targets of the op are domestic, you are likely to see a few hoaxes and false flags centered around “right-wing extremists” or “white supremacists.”
At the same time, there may be a surge in agit-prop, agent-provocateur, “burn baby burn” outbreaks in urban areas this summer around the U.S. The ongoing and underreported epidemic of black-mob violence and knock-out games (see) may actually start to be reported by the cabal media with the intent of inciting a reaction from white people who could then be tagged as “racist.”
Jade Helm supposedly doesn’t begin until July 15, but in the a meantime Urban Assault Drill Op-Con 2022 is already underway in Arizona. Notice the rough treatment volunteers received in this clip.
Jade Helm goes live in conjunction with a ramp up of racial urban unrest. I think the other trigger will be some kind of financial-market swoon or crash, followed by a Super Depression. Although the latter has some cry-wolf, head-fake elements, it is also baked-in and inevitable. Once the real deal arrives, Jade Helm will unfold rapidly. There is a focus on the July 15 to Sept. 15 operation period, but don’t rule out a trigger just prior to or after those dates.
On April 26 Russia’s main national TV station, Rossiya 1, featured President Vladimir Putin in a documentary to the Russian people on the events of the recent period including the annexation of Crimea, the US coup d’etat in Ukraine, and the general state of relations with the United States and the EU. His words were frank. And in the middle of his remarks the Russian former KGB chief dropped a political bombshell that was known by Russian intelligence two decades ago.
Putin stated bluntly that in his view the West would only be content in having a Russia weak, suffering and begging from the West, something clearly the Russian character is not disposed to. Then a short way into his remarks, the Russian President stated for the first time publicly something that Russian intelligence has known for almost two decades but kept silent until now, most probably in hopes of an era of better normalized Russia-US relations.
‘Sudan doesn’t know how precious he is. His eye is a sad black dot in his massive wrinkled face as he wanders the reserve with his guards.’ Photograph: CB2/ZOB/Brent Stirton/National Geographic
What is it like to look at the very last of something? To contemplate the passing of a unique wonder that will soon vanish from the face of the earth? You are seeing it. Sudan is the last male northern white rhino on the planet. If he does not mate successfully soon with one of two female northern white rhinos at Ol Pejeta conservancy, there will be no more of their kind, male or female, born anywhere. And it seems a slim chance, as Sudan is getting old at 42 and breeding efforts have so far failed. Apart from these three animals there are only two other northern white rhinos in the world, both in zoos, both female.
It seems an image of human tenderness that Sudan is lovingly guarded by armed men who stand vigilantly and caringly with him. But of course it is an image of brutality. Even at this last desperate stage in the fate of the northern white rhino, Sudan is under threat from poachers who kill rhinos and hack off their horns to sell them on the Asian medicine market – despite the fact that he has had his horn cut off to deter them.
The UK government has quietly passed new legislation that exempts GCHQ, police, and other intelligence officers from prosecution for hacking into computers and mobile phones.
While major or controversial legislative changes usually go through normal parliamentary process (i.e. democratic debate) before being passed into law, in this case an amendment to the Computer Misuse Act was snuck in under the radar as secondary legislation. According to Privacy International, “It appears no regulators, commissioners responsible for overseeing the intelligence agencies, the Information Commissioner’s Office, industry, NGOs or the public were notified or consulted about the proposed legislative changes… There was no public debate.”
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes
From the article:
“If that’s “success“, we would hate to see what Keynesian failure looks like.”
Though we noted the plight of the Japanese worker in a previous post, a plight which arrived in the US some five years ago yet which the mainstream still refuses to acknowledge, the punchline may have been somewhat diluted. So here it is again, without much additional commentary.
When it comes to the consequences of Japan’s QE, now in its third year, the head of the BOJ has been very clear:
A Pakistani national sentenced to death for drug smuggling has been decapitated in Saudi Arabia, AFP reports. This brings the number of executions since the start of the year to 84 – almost as much as for the whole of 2014.
Iftikhar Ahmed Mohammed Anayat was found guilty of attempting to bring heroin into the Gulf kingdom in balloons concealed in his stomach.
The man was beheaded in the Red Sea city of Jeddah on Sunday, the agency reported, referencing the Saudi Interior Ministry.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the 26 most terrifying words in the English language. They also discuss vigilante governments and bond vigilantes. In the second half, Max interviews Harry Cole (Twitter: @MrHarryCole) about the Conservative party victory in General Election 2015. They also discuss Scotland, the EU referendum and the TTIP trade deal.
When it comes to spectacularly bad foreign policy outcomes, the US is on an incredible run lately even by its own lofty standards.
Take Yemen for example. Just last year it was trotted out by The White House as the shining example of how, with the help of puppet governments, Washington can effectively combat terror in the Arabian Peninsula. Fast forward to today, and the US-friendly President Hadi is holed up in Riyadh after Iran-backed rebels armed with $500 million worth of weapons the US “lost” swept across the country, sparking a war with Saudi Arabia and plunging Yemen into utter chaos. As for AQAP (the raison d’être for the US’ interest in the country in the first place), they’ve taken advantage of the turmoil by looting central bank branches and staging prison breaks.
Amid the dire situation in Afghanistan, the main US government organisation in charge of rebuilding the country has sent out a strong message to Washington. It says America has failed in multiple ways…
“opium production has increased 33 fold from 185 tons in 2001 to 6100 tons in 2006. In 2007, Afghanistan provided approximately 93% of the global supply of heroin…”
An RT Arabic TV crew was attacked by Israeli police while covering the Jerusalem Day march in the Old City. Although the journalists had all documents permitting them to cover the event, the police prevented them from going live.
“Water is one of the great opportunities of our times. If you look at the world there are some huge shortages developing in some parts but there is also a lot of water in other parts, just in the wrong place – like water in Siberia for instance, which is not where most people are. There are going to be wars in the Middle East over oil east of the Red Sea, but west of that there will be wars over water since there are serious water problems in that region.”
– Jim Rogers
Based on Nathan Rothschild:
“The best time to buywater is whenjustbefore blood is running in the street, i.e. NOW.”
Jim Rogers, Jr. is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI).
Erico Tavares: Jim, thank for being with us today. We would like to talk about water and other agricultural inputs, something you have been very vocal about in recent years.
To set the stage for today’s topic, a few years ago we worked on a biofuels project which took us all around the world. In a trip to Bolivia a pioneering Austrian engineer involved in the sector told us something very interesting. At that time the price of vegetable oils was much cheaper than diesel, prompting many people to start building biofuels facilities across Europe. He said this was crazy and in no way sustainable because crude oil is and always will be the lowest common denominator in an economy.
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