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Hollywood and the State: A Longtime Partnership

mises.org / by Salmaan A. Khan / Friday, August 01, 2014

It shouldn’t come as a surprise if you’ve felt the slight sting of “patriotic duty” invoked during this current wave of big-budget sci-fi action thrillers. Whether it’s a fleet of Naval destroyers battling an alien-robot invasion (of Transformers), or an F-16 [...]

Why You’re Probably on an NSA Watchlist

lfb.org / BY MIKE LEAHY / ON JUL 30, 2014

I was talking with one of my colleagues the other day, and he raised a very interesting question, one that deserves consideration by anyone worried about their digital privacy. He read an article that championed the idea that the more steps one took [...]

THE NSA NATION MOVES TO THE NEXT LEVEL

dollarvigilante.com / Wendy McElroy / July 29th, 2014

The social sciences in America have been militarized to produce tools that assist the government in understanding and suppressing dissent. Anthropology, linguistic analysis and sociology now serve the police state.

One program is called the Minerva Initiative after the Roman goddess of war. [...]

China Raids Multiple Microsoft Offices, Media Demands “Severe Punishment”

zerohedge.com / by Tyler Durden / 07/28/2014 21:42 -0400

With Chinese state media calling for “severe punishment” against American tech firms for helping the U.S government to steal secrets and monitor China, Reuters reports that Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu were raided this weekend. Chinese officials declined to give [...]

Israel Destroys Hamas Media Broadcast Outlets In Massive Explosion – Live Feed

zerohedge.com / by Tyler Durden / 07/28/2014 22:29 -0400

Operation Protective Edge entered its 22nd day on Tuesday, as Israeli ground forces continued their incursion into Gaza following the government rejection of a cease-fire draft proposed by U.S. Secretary of State John Kerry over the weekend. Earlier in the [...]

It looks like Hong Kong may soon end its link with the US dollar. It’s about time.

sovereignman.com / by Simon Black / July 28, 2014

It was a different world in 1983.

Michael Jackson invented the Moonwalk. Return of the Jedi opened in theaters across the world. IBM released its most advanced personal computer yet– the XT, with a standard 10 megabyte hard drive.

And [...]

US Releases Satellite Images Allegedly Proving Russian Shelling Of East Ukraine

zerohedge.com / by Tyler Durden / 07/27/2014 13:58 -0400

A week after Russia revealed photos of Ukraine deploying Buk missiles in the east as well as radar proof of Ukraine warplanes in the vicinity of MH-17, the US has yet to present any of the incontrovertible evidence supposedly in its possession that proves [...]

New Home Sales Plummet

investmentresearchdynamics.com / Dave Kranzler / July 26, 2014

I was quite surprised that the Government’s Census Bureau released a report that showed June new home sales plunging almost 20% from May, before taking into account the downward revision to May’s report. In fact, in a testament to the reliability of the Census Bureau numbers, the [...]

Initial Jobless Claims Plunge to Jan 2006 Lows, Government Warns Of “Seasonal Volatility”

zerohedge.com / by Tyler Durden / 07/24/2014 08:37 -0400

So much for the idea of ‘slack’ in the economy, initial jobless claims just plunged 19k week-over-week to 284k (vs 307k expected) – the lowest since Jan 2006 (which was the lowest print since May 2000). This is the biggest beat of expectations in over 2 [...]

Russian Boomerang Hits UK, Oligarchs Shift Assets From London

zerohedge.com / by Tyler Durden / 07/24/2014 08:18 -0400

We warned 4 months ago that the UK especially should be fearful of sanctioning Russia and biting the hand that feeds its real estate recovery. However, it appears Cameron’s ire has got the better of him, as The Telegraph reports, allies of Vladimir [...]

How Government Uses “Efficiency” as an Excuse to Steal

mises.org / by Gary Galles / Thursday, July 24, 2014

Scarcity makes efficiency — getting the most value from given resources —important. The more efficient individuals are, the more they benefit from their actions. That’s why economists are always talking about efficiency.

Unfortunately, some things said to be efficient are [...]

INDIAN SILVER IMPORTS: Near Record At A Quarter Of Global Mine Supply

srsroccoreport.com / Steve St. Angelo / July 23, 2014

It looks like at least one country is still taking advantage of the extremely low paper price of silver. From information just released, India continues to import a near record amount of silver in 2014. Even though silver imports slumped in June compared to [...]

Insolvent Chinese Construction Company Gets Last Minute Bailout, Avoids China’s Second Bond Default

zerohedge.com / by Tyler Durden / 07/23/2014 08:21 -0400

It seems like it was only yesterday when China lied it would open up its bond market to real price discovery and unleash a wave of corporate defaults resulting from epic capital misallocation and central planning, consequences be damned. Well, one company, one [...]

The Rot Within, Part II: Inflation Is Not “Growth”

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, JULY 22, 2014

Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can’t force employers to pay employees more. The official policy of the Central Bank (Federal Reserve)/government is: inflation is necessary for “growth,” i.e. [...]

“The Rebels Attacked Our Camp… and Started Shooting at Our Helicopter”

acting-man.com / Bill Bonner / July 23, 2014

Rebel Attack in the Congo

“The rebels attacked our camp. We had to make a run for it. The government troops, who were supposed to be guarding us, ran too.”

“‘Musungu! Musungu!’ I heard them yelling. A ‘musungu’ is a white person. They [...]

Chinese Premier Li Admits Central Planning May Not Be Optimal

zerohedge.com / by Tyler Durden / 07/22/2014 08:18 -0400

In an odd admission of the possible fallibility of a centrally-planned economy, none other than Chinese Premier Li recently noted, “we should never assume that we few at the top have more insight or power but should try to mobilize the intelligence and creativity [...]

The Rot Within, Part I: Our Ponzi Economy

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, JULY 21, 2014

Depending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness. All the conventional policy fixes proposed by Demopublican politicos, technocrats and the vast army of academic/think-tank apparatchiks are the equivalent of slapping a coat of paint on [...]

The Crash of Flight MH 17

acting-man.com / Pater Tenebrarum / July 21, 2014

Zero Evidence and an Ever Changing Story

It’s Putin’s fault! Every Western government and most of the Western media are sure of it, so it must be true, right? As soon as Malaysian airlines flight MH 17 had crashed over the Eastern Ukraine, they all just knew [...]

Government attempts to regulate Bitcoin. Government will fail.

silverbearcafe.com / NotQuant / July 19, 2014

The news that New York State’s top financial regulator has announced the first-ever set of regulations for firms doing business in the BitCoin space shows just how deep the government misunderstanding of BitCoin goes.

On Thursday, Benjamin M. Lawsky, the [...]

Emirates turns back flight to Kiev after Malaysian 777 shot down

arabianmoney.net / 18 July 2014

Emirates Airline turned a plane bound for Kiev last night back to Dubai and suspended all flights to the Ukraine after a Malaysian 777 was shot down over territory held by separatist rebels with the loss of 295 lives.

Ukrainian officials claimed the plane [...]

ARE FEDERAL AGENTS LEARNING TYRANNY AT THE HOLOCAUST MUSEUM?

dollarvigilante.com / Jeff Berwick / July 16th, 2014

In this age of unwarranted, mass surveillance on emails and video calls, it might seem like Federal Bureau of Investigations (FBI) and other intelligence agents seem more versed in tyranny than ever before. Perhaps that is because they are being schooled in it…According to CNN [...]

Israeli Military “Denies Targeting Children” Slammed For “Not Having The Courage To Talk To Hamas”

zerohedge.com / by Tyler Durden / 07/16/2014 22:20 -0400

In one of the most uncomfortable (and must-see) interviews, UK Channel 4′s John Snow ‘discusses’ Israel’s bombing raids and policies towards Hamas with Israeli government spokesman Mark Regev. The interview starts with a punch, “How does killing children on a beach contribute to your purpose [...]

Feds Go “Full Retard,” Part II

acting-man.com / Bill Bonner / July 16, 2014

Critical Lessons

When we left off yesterday, we were explaining how the feds had unlearned the three critical lessons of more than 2,000 years of market history:

1) Make sure the money is backed by gold (otherwise it loses its buying power). [...]

The Blame Game

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Monday, July 14, 2014 11:44 PM

Blaming others for your own transgressions is widespread, so widespread that I have written several posts on this subject. Here is another.

The Financial Times reports Ukraine Accuses Russia Over Downed Military Aircraft.

Ukraine on Monday said a missile [...]

Citi Masks Crashing Mortgage, Trading Revenues With $3.8 Billion Settlement Charge

zerohedge.com / by Tyler Durden / 07/14/2014 09:03 -0400

Earlier today, moments after hearing that Citi would incur a near-record $3.8 billion Q2 charge as part of a $7 billion settlement for the US investigation into its fraudulent MBS sales in the pre-Lehman period, an announcement which came literally minutes before its Q2 earnings announcement, [...]

Making Sense Out of “Contradictrions That Make No Sense”

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, July 13, 2014 7:55 PM

A New York Times headline by Floyd Norris reads In U.S. Data, a Baffling Contradiction.

The same article, by the same author, appears on Yahoo!Finance as In U.S. Data, a Contradiction That Makes No Sense.

The first quarter of [...]

The Idea of America

dailyreckoning.com / Bill Bonner / Jul 11, 2014

Our attention today is on neither the Old World nor the New one — but the ever-changing, never-fully-explored idea of America.

“Proud to be an American” says one bumper sticker. “One nation — indivisible,” says another. America was, of course, founded on the [...]

UK Prime Minister David Cameron’s #1 Priority: Maintenance of Government Spying

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, July 10, 2014 11:50 PM

UK’s prime minister, David Cameron, is so in love with state monitoring of internet and phone calls that he supports an emergency data law to underpin security surveillance

David Cameron is to push though emergency laws to allow police [...]

A Reader Asks: How to Find Shelter from the Coming Storms?

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JULY 10, 2014

Some basic suggestions for those who are seeking shelter from the coming storms of global financial crisis and recession. Reader Andy recently wrote: “I look forward to your blog each day but am still waiting for your ideas for surviving the coming crisis.” Andy [...]

Neofeudalism’s Tax Donkeys (Yes, You) and the Battle for Control of Resources

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, JULY 09, 2014

Those who own the resources and influence the political control of those resources are the New Nobility in a pernicious Neofeudalism enforced by the very government that claims to serve the debt-serfs and tax donkeys. Let’s tease apart several strands of Neofeudalism, my [...]