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Tinfoil Hat Sunday – Another Gun Control Shooting Hoax?

John Williams-No Bank Bail-ins-Inflation Instead

Greg HunterPublished on Aug 31, 2014

CDC whistleblower’s confession: his personal safety is still an issue / by Jon Rappoport / August 31, 2014

On August 27, CDC whistleblower William Thompson came out of the shadows and admitted he had omitted vital data from a 2004 study on the MMR vaccine and its connection to autism.

Thompson’s official statement was released through his Cincinnati attorney, Rick Morgan.

The key piece in Thompson’s statement is:

“I regret that my coauthors and I omitted statistically significant information in our 2004 article published in the journal Pediatrics. The omitted data suggested that African American males who received the MMR vaccine before age 36 months were at increased risk for autism. Decisions were made regarding which findings to report after the data were collected, and I believe that the final study protocol was not followed.”

“My concern has been the decision to omit relevant findings in a particular study for a particular sub group for a particular vaccine. There have always been recognized risks for vaccination and I believe it is the responsibility of the CDC to properly convey the risks associated with receipt of those vaccines.”

Everything else in Thompson’s statement is backfill and back-pedaling and legal positioning and self-protection.

But this part, this is big. Within Thompson’s community of researchers and the general world of medical research and publishing, people know what it means.

It means major fraud.


Russia Faces Less Risk in Pushing the Ukrainian U.S. Puppets To Make Peace Now / By  / September 1, 2014

The massive, daily artillery shelling of civilians in the ethnic-Russian cities of E. Ukraine by the huge Ukrainian army and militias, which may well be most of the 150,000 troops of  the Ukraine, has slaughtered and maimed thousands of ethnic Russian-Ukrainians and Russian citizens who crossed the border to become volunteer soldiers fighting the Ukrainians slaughtering ethnic Russian women and children. The Russian government  has been remarkably cautious in using force, even by volunteers, to stop the slaughter of Ukrainian-Russians who have been betrayed by the Kiev Junta that used violence to overthrow the Ukrainian Constitutional government elected by Russian-Ukrainias and other Ukrainians.

The Russians have been cautious in spite of their fierce outrage at the slaughters because they are trying desperately to stop the U.S. WWIV against Russia, China, Iran and their many informal allies. Russia does not want wars like the U.S. does and is carefully avoiding them in spite of severe provocations and attacks on Russians. Russia is trying to rebuild from the Soviet Implosion, trade globally, develop education and science, and build good relations with friendly nations..

The Russians are still being very cautious, but the whole global situation has changed in a few weeks. The U.S. has decided to pin itself down in new, more intense wars against the vast Muslim World, from Indonesia where ISIS is suddenly growing rapidly, to Syria and Iraq and North Africa and Pakistan where the people are trying to overthrow the U.S. puppet. The risk to Russia of serious help for the Ukraine Puppets from the U.S. Empire is much lower. The Russians may now be pushing hard to bring the Ukrainian War Against Russia to an end.



When questioning the official narrative proved crucial

10 Conspiracy Theories That Came True

Despite the fact that the term “conspiracy theory” has been weaponized by the establishment as a perjorative slur against anyone who questions the official narrative of any government pronouncement, there are innumerable examples throughout history of conspiracies that were proven to be true.

Let’s take a look at ten examples;

1) Operation AJAX and false flag terror

The notion that governments and intelligence agencies carry out acts of false flag terrorism has long been derided by the establishment media as a conspiracy theory, despite there being a plethora of historically documented instances.

After decades of denial, in August 2013 the CIA finallyadmitted its role in staging the coup in Iran which led to the overthrow of Mohammad Mossadegh in 1953 under the umbrella of Operation AJAX.

Under AJAX, the CIA oversaw covert operations which included acts of false flag terror which claimed the lives of some 300 people.

2) Gulf of Tonkin

On August 4, 1964, President Lyndon Johnson went on national television and told the nation that North Vietnam had attacked U.S. ships.

“Repeated acts of violence against the armed forces of the United States must be met not only with alert defense, but with a positive reply. That reply is being given as I speak tonight,” Johnson declared.


Double Whammy China PMI Misses Spark Sell-Side Demands For More Stimulus / by Tyler Durden on 08/31/2014 – 23:07

A record-breaking surge in monthly credit creation and a trillion Yuan of QE-lite was enough to provide a glimmer of hope into the tumbling Chinese economy for one or maybe two months but with the real estate market continuing to free-fall, it should be no surprise that China’s PMIs finally catch down to the erstwhile reality simmering under the surface in the ultimate centrally-planned economyChina’s official government PMI dropped from 30-month highs, missed expectations and the early month flash print, to less exuberant 51.1 reading (with Steel industry new orders totally collapsing) with both medium- and small-companies printing contractionary sub-50 levels. Then (after Japan’s PMI beat – of course it did as hard data crashes worst on record), HSBC China PMI also missed, printing a slightly expansionary 50.2 Showing, as BofA warns “the two PMIs both show that the current recovery is relatively weak and choppy…” and RBS adds “we expect the government to interpret such an outlook as challenging its growth target and to take more, and more significant, measures to support growth.”

As Goldman writes,

August official PMI tends to be biased on the upside. Since the data started in 2005, this is the second time it fell in August (first time was August 2012). The degree of seasonality probably has been reduced in recent years but may still exist. This suggests underlying slowdown might be more meaningful, which is consistent with the weak reading of the HSBC PMI.


Deflation knocks at ECB’s door, markets look for cash boost

Draghi Mario Pointing Up / by Gene Arensberg / Sunday, August 31, 2014

From BusinessWorld Online without a “by line.”  FRANKFURT — Financial markets are looking to the European Central Bank to open the cash floodgates next week after consumer price data showed the 18-country eurozone is flirting with deflation, analysts said.

Speculation is rising that the ECB’s decision-making governing council could signal plans for what is known as “quantitative easing” or “QE” at its regular monthly meeting on Thursday.

This is a radical policy — already used by other central banks such as the US Federal Reserve — of buying securities on a big scale to inject cash into the economy.

The ECB has already cut its key interest rates to record lows and made huge volumes of ultra-cheap cash available to banks in a bid to kick-start lending in the singe currency area.

But the pressure has increased on the ECB to take still more measures after eurozone inflation slowed to a paltry 0.3 percent in August from 0.4 percent the previous month.

That is worryingly below the central bank’s target of just under 2.0 percent and brings the single currency area perilously close to deflation, a climate of falling prices which can cause businesses and consumers to delay purchases, further reducing demand and prices and pushing up unemployment.


Options Reveal 7 Ways Stocks Can End 2014 / By Chris Ebert / August 31, 2014

Very few things can be known for sure about the future; and even when something is known for sure, the word sure is open to interpretation. Certainly, one can be reasonably sure that the sun will rise tomorrow, though technically even that it is not 100% certain.

It is possible to be sure about the future of the stock market – perhaps not quite as sure as tomorrow’s sunrise – but sure nonetheless. As the Lobour Day holiday is upon us, and with the final trading months of the year now approaching, we may find it helpful to take some time to consider what we actually know for sure about the stock market, inasmuch as we can be sure of anything.

To determine what we know for sure regarding the final months of 2014 for the stock market, we must make a prediction. In order for that prediction – or any prediction – to have value, the accuracy of the prediction must be properly disclosed.

For example, based on centuries of historical data one can predict with nearly 100% accuracy that the sun will rise tomorrow. However, to simply state “The sun will rise tomorrow”, without citing a historiucal basis for the claim, and without interpreting those historical results to disclose the expected accuracy of the prediction, the statement is worthless. Anyone who has ever had to reassure a toddler that the sun will rise again knows the importance of providing a basis for the claim.

Baseless predictions about the future of the stock market are no better than baseless predictions regarding the sunrise. On the other hand, any prediction that has an edge, even if it is a small edge (for example, a 51% likelihood of being correct) can be valuable to a trader so long as the trader is aware of the expected accuracy.


Well Done Hillary, Islamists are Swimming in Our Pool! / by daniel mcadams / sunday august 31, 2014

Images from Libya today speak more clearly about the folly of US interventionism, US “regime change” operations, US-led bombing campaigns to “promote democracy” than anything else.

Arguing passionately in favor of a US attack on Libya, over the objections of then-Defense Secretary Robert Gates, then-US Ambassador to the UN Susan Rice said:

I swore to myself that if I ever faced such a crisis again, I would come down on the side of dramatic action, going down in flames if that was required.

Well she was partly right. Thanks to her successful demands for a US attack, it was Libya that went down in flames


Does France Need A 21st Century Revolution? / by Tyler Durden on 08/31/2014 21:29

Submitted by Saxobank’s Steen Jakobsen via,

French President François Hollande unveiled his new government under Prime Minister Manuel Valls on August 26, and there have been a few changes. While most senior ministers have retained their positions, economic minister Arnaud Montebourg was replaced by Emmanuel Macron, a former investment banker and economic adviser at the Elysée.

Hollande is already the most unpopular president in French history so he is not risking much by removing a political opponent like Montebourg (who should never have been part of a so-called reform program to begin with). Montebourg is a man of the old school and of old ideas: Among other things, he titled himself “Minister of Industrial Resurrection.” His ideas included threatening to fine businesses for each job they failed to create and speaking against globalisation.

French citizens participate in a general strike

Mired in economic stagnation and barely concealed unrest, France is a nation that often seems displeased with its lot. But will things have to get worse before they get better? Photo: Getty

The problem for President Hollande and any reform efforts is that, as much as removing Montebourg was a victory for his economic strategy, it was also a loss in terms of his political ability to rule both his party and the French state. We often forget that economic policy without political backing is like skiing without snow: Policy needs political anchoring.


Labor’s Demise Is America’s Demise — Paul Craig Roberts / Paul Craig Roberts / August 31, 2014 

Labor Day is a holiday that has outlived its time. Like Christmas, Labor Day has become a time-out period. As Christmas has become a shopping spree, Labor Day has become the last summer holiday.

The holiday originated in 1887 to celebrate the contribution made by American workers to the strength and prosperity of the United States. The first Monday in September was chosen by President Grover Cleveland to avoid a May date that would keep alive the memory of the previous year’s Haymarket Massacre in which workers striking for an eight-hour day suffered casualties from the Chicago police.

As time passed union leadership became a career rather than a movement in behalf of a cause, but the labor movement in its initial years was reformist. It brought safer working conditions into industry and manufacturing. Unions served as a countervailing power and constrained the exploitative power of capital. An industrial or manufacturing job was a ladder of upward mobility that made the US an opportunity society and stabilized the socio-political system with a large middle class. A large and thriving industrial and manufacturing sector provided many white collar middle class jobs for managers, engineers, researchers and designers, and American universities flourished as did their graduates.


COMEX Commercial Traders Reduce Shorts on Gold Futures, but Steady on Silver / by Gene Arensberg / Sunday, August 31, 2014

HOUSTON – (Got Gold Report) – Large reporting commercial traders on the COMEX bourse in New York reported a considerably smaller net short position in gold futures.  Taking the Legacy COT report as a guide, since August 12, when gold closed at $1309.12, as gold drifted $28.49 or 2.2% lower, we can point to a reduction of a rather large 37,139 contracts or 23.1% of the combined large commercial net short positioning (LCNS).  Gold off 2.2% over the last two reporting periods, LCNS down 23.1%.  

20140831 Gold LCNS Legacy

(CFTC for COT, Cash Market for gold, GGR, all charts.)

Exactly 24,114 lots of the gold reduction was in this week’s showing.  By comparison the commercials covered very little of their net short position in silver this week, only 64 contracts, but since July 8, when silver closed at $21.02 silver gave back $1.67 or 7.9%.  The Silver LCNS peaked the next week, July 15, at a whopping 58,696 contracts (293.5 million ounces).  As of this past Tuesday, August 26 it was 37,319 contracts, a reduction of 21,377 contracts or 36%.  So, for the six reporting weeks, as silver gave up 7.9% the combined commercial traders in the Legacy COT report covered or offset 36% of their bets that silver would decline in price.

20140831 Silver LCNS Legacy


Middle-East ‘Frenemies’ / by Tyler Durden on 08/31/2014 20:51

The enemy of your enemy is your… frenemy; and so it is across the Middle East as the WSJ notes the spread of The Islamic State has united many parties once at odds with each other to become ‘strange bedfellows‘.

Strange Bedfellows
Parties that display friction or outright aggression toward one another are finding themselves aligned in a desire to counter Islamic State.

Groups of colored lines between parties represent shared interests.

U.S. and Iran
The U.S. and Iran share an interest in fostering an Iraqi government strong enough to fend off Islamic State.

U.S. and Syria
The U.S. and Syria’s Bashar al-Assad share an interest in quashing Islamic State in Syria, even if the regime appears to put a higher priority on fighting other rebel groups.



Demands guns, tanks, drones and NATO troops be deployed

New York Times Calls for Full-scale War in Ukraine
The New York Times describes the regime in Kiev installed by a violent coup d’état and led in part by fascists and xenophobic nationalists as “one of us” and demands the U.S. arm the regime in its war in eastern Ukraine.

“The West needs to be honest with Ukraine. We talk as though this country were one of us — as if, one day, it will become a member of the European Union and the NATO alliance. That is Kiev’s wish, but the West is not giving Ukraine the means to fight this war,” writes Ben Judah.

That is only the wish of some of the people of Ukraine. 96% of Crimeans voted to break away from the regime in Kiev earlier this year. In the oblasts of Donetsk, Odessa, Luhansk and elsewhere in Ukraine large Russian minorities want to sever relations with a government that includes members of Svoboda and others – Pravy Sektor, Patriots of Ukraine, Trizub, and Ukrainian National Self Defense – who advance radical Russophobic rhetoric. The leader of Svoboda, Oleh Tyahnybok, has called for liquidating “the Moscow-Jewish mafia” ruling Ukraine.

“The uncomfortable truth is that a sizable portion of Kiev’s current government — and the protesters who brought it to power — are, indeed, fascists,” Andrew Foxall wrote in March.


The Ultimate Demise Of The Euro Union Vronsky / September 1, 2014

The European Union (EU) was created by the Maastricht Treaty on November 1st 1993. It is a political and economic union between European countries which makes its own policies concerning the members’ economies, societies, laws and to some extent security. To some, the EU is an overblown bureaucracy which drains money…and compromises the power of sovereign states. For others, the EU is the best way to meet challenges smaller nations might struggle with – such as economic growth or negotiations with larger nations – and worth surrendering some sovereignty to achieve. Despite many years of integration, opposition remains strong.

ACCORDINGLY, there are signs the EU is teetering on implosion.

Indeed the Euro zone break up is inevitable for numerous reasons.

Unpayable government debts and the massive bailouts in Greece, Portugal, Spain and Ireland logically pave the road to an eventual EU break up.

While it’s convenient to have the one currency for 17 different nations, the nature of those national economies and their strength is quite different and problematic. Indeed and fact it favors wealthy countries like Germany and France at the expense of the PIIGS (i.e. Portugal, Italy, Ireland, Greece and Spain).

Another issue is that while the 17 nations share the same Central Bank, they do not have a central control on government budgets, nor central political control.

Paul Griffiths, Colonial First State chief investment officer does not want to put a time frame on the euro zone being shrunk, but says it will eventually be very different from what it is today.


Libya May Be Focus Of Major Rift Between US And Regional Allies

Tyler Durden's picture / by Tyler Durden on 08/31/2014 20:21

Submitted by Defense & Foreign Affairs via,

It had become clear by late August 2014 that Libya could no longer be seen as a unified state; at best it was in two parts, even with the communal leaderships of both sides professing a desire to resume national unity. By late August 2014, the country had two parliaments: one elected by the Libyan people, and the other given legitimacy solely by foreign support.

The situation seemed so intractable by that point that it was possible that a full military intervention by regional states, perhaps spearheaded by Egypt, could be attempted, with the goal of stabilizing the country and eliminating the foreign-funded and foreign-armed jihadis who were using Libya as a springboard for a proposed pro-Islamist war against the current Egyptian Government.

The proxy forces of the 2011 unilateral intervention by Qatar, supporting jihadis and the Muslim Brothers (Ikhwan), and by Turkey and the US, into the Cyrenaican revolt against Mu’ammar al-Qadhafi, were still dominating the Libyan political scene, much to the frustration of Libyan tribal forces.

Qatar was creating a “Free Egyptian Army” in the Cyrenaica desert, and patterned on the “Free Syrian Army” which Qatar, Turkey, and the US had built to challenge Syrian leader Bashar al-Assad.

Significantly, while the US and European Union (EU) continued in August 2014 to promote the concept of a unified Libya, they were basing their approach around what was essentially a modification of the mode of governance practiced by Mu’ammar al-Qadhafi, who seized power by a coup in 1969, and held it until 2011. Widespread Libyan calls for a return to the 1951 Constitution — drafted by the United Nations and the 140 or so Libyan tribes — have been consistently ignored by Washington and Brussels.

By August 2014, the foreign jihadist fighters — mainly linked to salafist groups and either directly or indirectly working with the Muslim Brothers (Ikhwan) — were still entrenched in Cyrenaica, in Eastern Libya (where the local moderate. anti-salafist Senussiyah sect of Islam predominates), supported by Qatar, Turkey, and the US Government. As well, they were entrenched around Tripoli.


Monsanto Trickbag 101 / Barbara H. Peterson on August 31st, 2014

Use a GMO contaminated bag of conventional seed, get sued for patent infringement. By the way, expect contamination.

It’s a setup, the game is rigged, the fix is in. Monsanto sues if its agents find the company’s patented gene in your crop, even if you never bought its genetically engineered (GMO) seeds. But does that mean diddley squat to Monsanto?

No. Here is a bit of logic, Monsanto style:

If the plant is found in your possession, then that means you have used the seed. If you have used the seed, then you have agreed to the technology use agreement, and owe Monsanto your crop, your seed and your profits. It doesn’t matter how the seed actually arrived in your possession.

Just ask Percy…


Putin Calls for Eastern Ukraine Statehood

Pro-Russian separatists walk at a destroyed war memorial on Savur-Mohyla, a hill east of the city of Donetsk, August 28, 2014. REUTERS-Maxim Shemetov

Pro-Russian separatists walk at a destroyed war memorial on Savur-Mohyla, a hill east of the city of Donetsk, August 28, 2014. CREDIT: REUTERS/MAXIM SHEMETOV / Mike “Mish” Shedlock / Sunday, August 31, 2014 6:20 PM

Putin threw fat into the Ukrainian fire today by calling for Talks on Eastern Ukraine Statehood.

The question at hand is” What precisely does Putin mean by “statehood” ?

 Russian President Vladimir Putin called on Sunday for immediate talks on the “statehood” of southern and eastern Ukraine, although his spokesman said this did not mean Moscow now endorsed rebel calls for independence for territory they have seized.

The Kremlin leader’s remarks, two days after a public appearance in which he compared the Kiev government with Nazis and warned the West not to “mess with us”, came as Europe and the United States prepared possible further sanctions to halt what they say is direct Russian military involvement in the war in Ukraine.


The Fall Is Golden For Bullion Bulls / by Tyler Durden on 08/31/2014 19:34

September is the hottest month of the year for gold prices, rising on average 3% over the past 20 years. As the yellow metal tests hovers off 2-month-lows, Bloomberg notes that “Indian jewelers and dealers will be stocking up in the coming weeks,” ahead of the festival period, which runs from late August to October (andis followed by the wedding season) when bullion is bought for part of the bridal trousseau or in jewelry form as gifts from relatives. As GoldCore’s Mark O’Byrne notes, “a lot of traders are aware of this trend towards seasonal strength… They tend to buy and that creates momentum.”

Chart: Bloomberg

Some color on the week’s Precious Metals Trading from Alasdair Macleod of GoldMoney,

The pattern of trading in precious metals changed for the better this week. After London’s bank holiday on Monday, for the first time in a long time the market opened in London’s pre-market with higher prices. This indicated Asian or Middle-Eastern physical demand was returning to the market. Predictably, prices drifted lower during London hours as paper trading took over, and all the gains were more or less lost by close of play on Comex in New York.

It was a similar story on Wednesday. Yesterday, (Thursday) started the same way, but this time the move gained more traction; but volumes remain pitifully low, in common with open interest. Today this pattern was not repeated with gold kicking off unchanged on overnight levels. However, gold is up $15 on the week and feels more firmly based.


Movement to Declassify 9/11 Information Gathers Momentum / 

9/11 Commission Chairs, Congressmen and Intelligence Officers All Call for Declassification

The 9/11 Commission Co-Chairs – Lee Hamilton and Thomas Kean – have called for the 28-page section of the 9/11 Commission Report which is classified to be declassified.

Kean said that 60-70% of what was classified shouldn’t have been classified in the first place:


Let Them Eat Cake: The First Lady’s “Improved” Public School Lunches vs. The Obama Girls’ School Lunch Menu

let them eat cake / by: Daisy Luther | on August 31, 2014

Ahhh…fall.  The last long weekend of summer is here.  The weather will begin to be crisp. Fall colors will begin to peek out of the trees.  Kids are going back to school.

This year, the kids have something new to rejoice over. Students can be very thankful that First Lady Michelle Obama has become the unelected Food Nazi of school cafeterias across the nation. They can look forward to delicious meals at the cafeteria and glowing good health because of the fare they will be served.

Mrs. Obama is determined to whip school lunches into shape with stringent guidelines.  This is the same Mrs. Obama who recently discussed how baffling it was to try and decipher a food label before her drive to get the FDA to improve them:

So there you stood, alone in some aisle in a store, the clock ticking away at the precious little time remaining to complete your weekly grocery shopping, and all you could do was scratch your head, confused and bewildered, and wonder, is there too much sugar in this product? Is 50 percent of the daily allowance of riboflavin a good thing or a bad thing? And how on Earth could this teeny little package contain five whole servings?(source)

Yeah, this is definitely the person we want in charge of children’s nutrition. Fortunately, you no longer have to be confused because the new labels have the same information in big letters to clarify it for you. Which is sort of like shouting in English to a person who doesn’t understand English in the hopes that your volume will aid in their comprehension.


Just Admit It: You (and your kids) Are State PROPERTY / by Karl Denninger  / 2014-08-31 09:56

Still think you have “freedom” eh?  Still think you’re the actual parents of your children, and that you should be the ones making decisions about their lifestyle and heatlh?  Or are you simply where all the liabilities reside for the decision to have them, while the choices belong to someone else — you know, like a slave?

Police have rejected criticism of their search for a five-year-old boy with a brain tumour removed from a UK hospital by his parents against medical advice.

Ashya King was found in Malaga on Saturday and his parents arrested, following an international search.

His father Brett King defended his actions in a video posted on YouTube, saying there had been a “ridiculous chase”.

Hampshire Police said medical advice was that Ashya was in “grave danger”.

The parents, it turns out, wanted their kid to be treated using a therapy not offered by the UK’s socialized medical services.  Specifically, they wanted to use proton beam therapy rather than what the UK wanted to use (effectively gamma radiation.)  The difference is that proton beam therapy is a more-targeted form of radiation than gamma.  Both are of the same general type, and there is much dispute as to whether proton therapy is as effective in specific cancers.  Then again there’s plenty of argument over whether radiation therapy actually “works” (that is, does less harm and good) in these cases to begin with.


31/8/2014: Changes in Employment by Sector / by  / Sunday, August 31, 2014

Previous posts covering QNHS release for Q2 2014 provided analysis of

Here is a summary of changes in employment by sector:


Draghi Asset-Backed Leverage for Euroland

Draghi Mario - 1 / by  / 

Mario Draghi of the ECB (European Central Bank) has cut a deal to fight inflation with BlackRock to advise on a possible bond-buying scheme to flood the market with euro cash. BlackRock will help the ECB to design a program to buy asset-backed securities as part of the regulator’s plans to ease credit conditions in the Euroland. Draghi, ex-Goldman Sachs, believes that a scheme would create demand for securitizations within the Euroland and provide incentives for lending to credit-starved businesses to get the economy going again when the banks have failed.


Dow, Gold and Silver…A Last Stand, A Fake Out And A Surge / Austin Galt / August 31, 2014

The Dow hit a marginal new all time high during the last week. So let’s see where things stand there first.


Before we get to the present, let’s take a quick look at the past. We can see the previous top in July was accompanied by triple bearish divergences in several indicators, being the Relative Strength Indicator (RSI), Stochastic indicator and Moving Average Convergence Divergence (MACD) indicator. That led to a significant decline.

Then we had a rally that clipped the previous high by a mere two points. I thought this would be a bear rally but have been proven wrong. However, a profit was taken by identifying the previous top and the start of the rally. Some profit was given back re-shorting but the mistake was quick to be picked up so no major damage was done. It’s nice when you can be wrong and still make money! But that’s chump change as far as I’m concerned. I’m after the big plays.

So that brings us to the present.



The New York Times runs front page endorsement

Prior to Democrats ramming substandard corporatized medical care down the throats of the American people at gunpoint, Democrats argued that death panels would not be part of Obamacare.
However, now that Obamacare is law, the truth has finally emerged – death panels are indeed part of the law.

On Saturday The New York Times reported that “the issue of paying doctors to talk to patients about end-of-life care is making a comeback, and such sessions may be covered for the 50 million Americans on Medicare as early as next year.”

Medicare will begin covering “end-of-life discussions” next year. It will decide to institute this policy after consultation with the American Medical Association, the corporatist trade guild responsible in part for monopolizing medicine.


U.S. Court rules that biotech corporations can’t force grain elevator companies to accept GMOs

biotech / by: J. D. Heyes / Sunday, August 31, 2014

A federal appeals court has ruled that a biotech giant cannot force a grain elevator firm to store a strain of genetically modified corn.

As reported by agriculture website Capital Press, Syngenta attempted to employ a 100-plus-year-old warehouse law to force the elevator company, Bunge, to accept the GM corn. The ruling may preempt other makers of GM seeds and crops from using the same litigation tactic against grain elevators that have refused to harbor crops with altered transgenic traits, according to experts.

Controversy began in 2011, Capital Press reported, after Bunge operators refused to accept the Syngenta Seeds-produced Agrisure Viptera variety of corn. The elevator operators told farmers growing the GMO strain that they could not take it because it had yet to clear legal and regulatory requirements in all major export destinations. At the time, the strain had yet to be accepted by the Chinese government.

‘You don’t have a private cause of action’

Capital Press noted:

In response, Syngenta filed a lawsuit accusing Bunge of violating the U.S. Warehouse Act of 1916, which requires elevators to treat depositors fairly.

Farmers who grew Viptera corn had to ship their crops to other elevators and find other sources of corn to fulfill their contracts with Bunge, which hurt Syngenta’s reputation and market share, the biotech company claimed.


Putin Calls For “Immediate Talks” Over Eastern Ukraine “Statehood” / by Tyler Durden on 08/31/2014 13:54

Vladimir Putin, who has repeatedly said that he does not favor the break-up of Ukraine – but only greater autonomy for the East, appears to have changed course rather dramatically today. In a speech broadcast on Russian TV, the Russian leader stated “we need to immediately begin substantive talks… on questions of the political organisation of society and statehood for southeastern Ukraine.” As The Washington Post reports, use of the word “statehood” reflects a major shift in Kremlin policy towards ‘Novorossiya‘ – it would be a direct challenge not only to Kiev but also to Western European nations and the United States, which have been trying to force Moscow to back down. While not directly addressing the latest round of sanctions chatter, Putin concluded, perhaps ominously, “they should have known that Russia cannot stand aside when people are being shot almost at point-blank.”


Busy Week Ahead, but ECB Meeting Stands Out / by  / August 31, 2014

The week ahead is packed with events and data.  The monthly cycle of purchasing managers surveys  and the US jobs report are featured. There are also central bank meetings in six high-income countries and three emerging markets.   Given the recent geopolitical development, in Ukraine, as well ISIS, will give the NATO meeting extra significance.

At the end of the day, there will be little to learn from the PMI data and most of the central bank meetings. Yes, there may be some headline risks, but our information set will not change very much.  The euro area flash report steal most of the thunder from the final report.   Arguably, more important for the outlook will be German industrial orders and production reports.  Modest improvement is expected.  The German economy is not really contracting, though it did in Q2.

German exports to Russia are no more than 1% of GDP.  Assume that the sanctions cut German exports to Russia by three-quarters.  Now put that in the context of last year’s growth (0.4%) and this year’s projected growth of the German economy (~1.7%).  This is not to argue, like many have done that Germany has not interest in a rigorous sanction regime.  Such arguments seem to repeat the error of those who thought the euro zone was going to break up over Greece or Cyprus.  So many investors seem to exaggerate economic influences and dismiss political motivations.


Eurozone Currency Dispute Intensifies: France Wants More ECB Action to Correct Overvalued Euro, Germany Doesn’t

While French Prime Minister Manuel Valls called the European Central Bank’s package of measures taken in June a “strong signal,” he also said that “one will have to go even further.” (Photographer: Miguel Medina/AFP via Getty Images) / Mike “Mish” Shedlock / Sunday, August 31, 2014 11:06 AM

The currency and fiscal battleground front lines in Europe remains the same. France wants QE, fiscal stimulus, and more leeway on meeting fiscal deficit targets. Germany doesn’t. And the fighting has strengthened.

The idea that ECB can produce nirvana by devaluing the euro is ridiculous. Yet, that’s the battle cry of the day.

Bloomberg reports France Asks for More Action From ECB to Correct Overvalued Euro.

 French Prime Minister Manuel Valls called for more action from the European Central Bank to lower the value of the euro, amid concerns the 18-nation region might be headed toward deflation.

“The monetary policy has started to change,” Valls said today in a speech made at the Socialist Party’s summer school in La Rochelle, France. While he called the ECB’s package of measures taken in June a “strong signal,” he also said that “one will have to go even further.”

Valls’s comments come after ECB President Mario Draghi, who’ll meet French President Francois Hollande tomorrow in Paris, signaled that declining inflation expectations are pushing the central bank toward introducing quantitative easing. Policy makers will gather in Frankfurt on Sept. 4 for their monetary-policy meeting.


Despite California’s drought, residents are promised access to several times more water than is actually available

water / by: Ethan A. Huff / Sunday, August 31, 2014

There is a major water crisis currently sweeping California, and experts say outdated water allocation data is making the problem even worse. In many areas of the state, say experts, water control measures, many of which were established back in the 1920s and 1930s, have over-promised water that doesn’t actually exist, and water regulators are scrambling to make things right as the Golden State limps through one of the worst droughts in recorded history.

According to the Los Angeles Register (LAR), the state has promised about five times more water to residents, businesses and public utilities than is actually available from its vast network of reservoirs, distribution canals and aquifers. This is because the State Water Resources Control Board does not actually know how much water is currently being used throughout the state, nor does it have accurate data on how much can legally and feasibly be distributed.

A new study on the subject explains that there is such a significant backlog in water allocation data that state water regulators and local water managers are stumped as to where water use needs to be further restricted, and where it might need to be loosened. Despite the fact that more than 60 percent of the state is currently suffering through “exceptional” drought conditions, the most severe level, some freshwater is still reaching the ocean, for instance, which means it is being wasted.

“If they don’t know how much water is being used, they’ll have to use a pretty blunt instrument,” explained study author Ted Grantham to LAR.