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thecommonsenseshow.com / BY PATRICK WOOD / 04 Oct, 2015
The United Nations intends to replace Capitalism and Free Enterprise with its Green Economy, or Sustainable Development. However, its concepts of development and economy are deeply flawed and reminiscent of fringe ideas from the Great Depression era. (For a full discussion of Technocracy in the 1930s, see Technocracy Rising: The Trojan Horse of Global Transformation.)
Sustainable Development, as most recently promoted by the UN’s 2030 Agenda Conference in New York at the end of September 2015, blatantly promises to end poverty everywhere, provide work with dignity and life-long education for all.
Leaders from virtually every nation on Earth jumped on the bandwagon and made politically binding commitments to rapidly implement Sustainable Development in their home countries. Of course, the United Nations will be there to help them every step of the way.
The catch is: Who will specify and enforce the envisioned “sustainable production and consumption” practices that are only mentioned in passing as a requirement for Sustainable Development and Green Economy?
In fact, we should demand answers from these would-be social engineers and technocrats as to exactly who will be making all of these decisions for us, and on what criteria.
And in any case, why are these technocrats masquerading as economists?
lewrockwell.com / By Jeremy R. Hammond via JeremyrHammond.com / October 2, 2015
The New York Times reports on a new study finding that the greatest risk to infants of being infected with the bacteria that causes whooping cough, or pertussis, now comes from their older siblings. TheTimes explains that this is “probably a result of waning immunity among children and adolescents who had received the DTaP vaccine.”
Indeed, waning immunity is a serious problem with the DTaP combination vaccine (which contains diptheria, tetanus, and pertussis antigens). One recent study published in Pediatricsconcluded, “Tdap protection wanes within 2 to 4 years. Lack of long-term protection after vaccination is likely contributing to increases in pertussis among adolescents.”
But the Times is misleading its readers by telling only one part of the story, leaving readers with the impression that simply giving more “booster” shots would solve the problem.
Vaccinated Individuals Spread Disease
Waning immunity by itself doesn’t explain the trend described. As another recent study in the journal Clinical Infectious Diseasespoints out, “pertussis is currently the least well-controlled vaccine-preventable disease despite excellent vaccination coverage and 6 vaccines doses recommended between 2 months of age and adolescence” (emphasis added).
The peak in real estate may have arrived. At the same time, this reflects the shift away from government bonds. Blackstone Group LP, thelargest real estate fund to assemble, has come right on point. Blackstone raised $15.8 billion, creating the largest real estate fund in history. As we have warned, this reflects investment capital shifting into real estate. We may see a major high in real estate inmanyareas due to taxes and regulations. They are even looking at introducing property taxes in places within Europe where they did not exist before.
market-ticker.org / by Karl Denninger / 2015-10-04
There are some very disturbing reports coming in about the Oregon shooting.
First off, it was clear within minutes that the shooter targeted Christians. How many people in our political system have been outraged that Christians were targeted for execution while others were either shot in the leg or not shot at all? I have heard exactly nothing from Obama or anyone else in political power in that regard. Why not?
Second, you’ve heard my screeds over the years about The Second Amendment. If you cannot argue facts and logic then get the hell off my lawn — you’re unwelcome around me. In matters of life and death there is exactly zero room for any sort of “squishy”, “touchy-feely” or “feel good emotionalism.”
Let me be clear: If you resort to emotion when life or death are on the line you are going to die.
If you wish to entertain the debate here on firearms, gun control or anything of the sort then you are going to argue logic and facts. Here they are:
The only thing that stops a bad guy with a gun is a good guy with a gun. You call the police when there is an active shooter and they show up with guns. They don’t willy-wally around; they look for a tactical solution and if they get one that works they shoot the bad guy. That’s exactly what happened yesterday.
We cannot have cops everywhere, all the time. We are not only incapable of paying for it nobody would want to live in such a world. Even if a cop is just one minute away from anywhere in the United States (an utterly fanciful expectation even in a big city) a person with a bolt action rifle or single-shot pistol can shoot a dozen people (or more!) in that one minute. As a result the faster any good guy with a gun can engage the bad guy with a gun the lower the risk is of everyone in the vicinity winding up dead — and the more good guys with guns and the closer they are to the situation the better the odds are for you and everyone else.
October 2015 – DAMASCUS, Syria – President Obama defended his response to the growing crisis in Syria on Friday by pointing to the wars in Iraq and Afghanistan, cautioning against a commitment that risks drawing the U.S. into a new quagmire in the Middle East. Obama appeared determined to take on critics whom he portrayed as impatient and ignorant of the complexity of the warring factions in Syria. He laughed off suggestions that Russian airstrikes in recent days against fighters opposed to President Bashar Assad, an ally of Moscow’s, have President Vladimir Putin looking stronger than Obama in Syria. “We’re not going to make Syria into a proxy war between the United States and Russia,” Obama insisted during an afternoon news conference at the White House. “This is not some superpower chessboard contest. And anybody who frames it in that way isn’t paying very close attention to what’s been happening on the chessboard.”
He acknowledged that U.S. strategy, particularly his program to train and equip Syrian fighters to counter Islamic State extremists who have taken over parts of the country, has been less successful than he had hoped. But a deeper military engagement won’t necessarily result in success, Obama warned. Once we start something, we’ve got to finish it, and we’ve got to do it well,” Obama said. “Unless we can get the parties on the ground to agree to live together in some fashion, then no amount of U.S. military engagement will solve the problem. “And we will find ourselves either doing just a little bit and not making a difference and losing credibility that way or finding ourselves drawn deeper and deeper into a situation that we can’t sustain.”
thedailysheeple.com / Joshua Krause / October 1st, 2015
The consumer rights law firm known as Hagens Berman filed a lawsuit against Hershey, Mars, and Nestlé on Monday, on the behalf of three California residents. The crux of the lawsuit suggests that these companies not only knowingly sourced their cocoa from farms in West Africa that used child labor (and in many cases, child slave labor) but that they broke California state law by failing to disclose this fact on the packaging of their products.
Essentially, they are suing for false advertising, and claim that they never would have purchased products from these companies if they knew how they were made. All three companies have since responded to the lawsuit, and have predictably claimed they are not guilty of any wrongdoing.
In an email to Refinery29, a Hershey spokesman said the company is “committed to the ethical and responsible sourcing of all of our product ingredients and have no tolerance for illegal practices, including children used as forced labor in cocoa farming.” He cited the company’s role in industry-wide efforts to curb such labor practices, saying the “combined and focused effort of the entire industry and other stakeholders is a very encouraging and positive development. ”
Hey, remember when ol’ Dubya said, “Why is our children not learning?” I think he was on to something there. No, wait, hear me out, I haven’t been on an espresso IV drip. I think we need to apply this theorem to our government. To wit, “Why is our politicians not learning?” The solution is this. Remember back in the day, those of you around my age of 40-and-over, when if you did poorly in school, they made you attend Summer School? Look no further, America! I proudly present: Summer School For Politicians! Yes, it all boils down to education, I suspect. We need to appoint a Schoolmaster to run it and install a big chalkboard right up there in the Capitol Classroom. If they don’t attend, hey, they get an F and then fired and pensions revoked. Let’s see how it’d work, shall we?
“All right, class, settle down, we’ve got a lot to cover. Hillary? I’ll take those iPads. Hand them over here. I warned you about bringing those to class before. Now then, let’s get started. Senator John McCain! Come up to the blackboard and draw the Persian Gulf and, specifically, Iran. Demonstrate to the class how you’re going to invade Iran and please show your work. More to the point, show how you’re going to win that war.” “I can’t! I’m not a military strategist!” “EXACTLY, John! So sit down there, Alexander the Great, and take out your notebook and pencil. I want you to write 500 times: ‘I will not disrupt class again talking about starting wars without permission’. Anyone else want to come up to the board and solve this problem? Again, the problem was: ‘Is starting a war with Iran a logical course of action. And, if so, can we prove it can be won?’ Remember the other part of the equation; that if we lose the war, everyone who was in favor of it loses his job and pension. Anyone else? Senator Cruz? What about you?” “Huh? What?” “AHA! Sleeping in class again! I want you to go see the principal after class.”
Interestingly, the debt ceiling was kicked down the road to the precise date of the ECM turning point: September 30, 2015 (2015.75). Boehner had to resign; this has turned into a religious event and not just economics. This turning point from the debt perspective is interesting. The 1985.65 turning point produced the G5 and the Plaza Accord. That was the beginning of this Private Wave. It did not appear to be significant at the time, but it set in motion the change in trend in the dollar and the shift in capital that resulted in the 1987 crash, which concluded in that 4.3 wave at 1989.95 that culminated in the Tokyo Bubble.
Here at 2015.75, they are kicking the debt ceiling can down the road, assuming it can wait until December. However, Treasury Secretary Lew says the U.S. will run out of money by November. So it does not appear they will even make it to December. From here on out, this debt crisis will begin to get crazy as one domino falls after the other.
This is an excerpt from this weeks premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.
Range 36-42 Days – 2nd DC
Range 20-24 Weeks
Range 50-56 Months- 8th Investor Cycle.
It’s sad that equity markets continue to be so focused on the FED, and the liquidity support it may or may not provide. In my view, this is symptomatic of the entire bull market advance, and is evidence that the bull market is not built on secular economic expansion, as is both normal and healthy. Any market that is artificially supported is living on borrowed time. The current fixation with the FED is born from fear that the liquidity support will be removed.
October 2015 – SYRIA – The Russian Air Force has conducted more than 60 flights and bombed over 50 Islamic State targets in three days, according to Russia’s top armed forces official. He added the strikes have significantly reduced the terrorists’ combat capabilities. “The airstrikes were being conducted night and day from the Khmeimim airbase and throughout the whole of Syria. In three days we managed to undermine the terrorists’ material-technical base and significantly reduce their combat potential,” Lieutenant General Andrey Kartapolov, head of the Main Operation Directorate of the General Staff of Russia’s armed forces, told reporters on Saturday. He added that according to Russian intelligence the militants are fleeing the area that was in their control. “There is panic and defection among them. About 600 mercenaries have left their positions and are trying to reach Europe,” he said.
Washington has notified the Russian Defense Ministry that there were only militants in the areas of Russia’s military operation against IS in Syria, he added. “The Americans informed us during contacts that there was no one except terrorists in this region,” he said. “Over the past 24 hours, Sukhoi Su-34 and Su-24M fighter jets have performed 20 sorties and hit nine Islamic State installations,” Igor Konashenkov, Russia’s Defense Ministry spokesman, reported. Konashenkov added that yesterday evening Russian aircraft went on six sorties, inflicting strikes on three terrorist installations.
investmentwatchblog.com / Submitted by IWB, on October 4th, 2015
Hillary Clinton slammed the Supreme Court as “wrong on the Second Amendment” and called for reinstating the assault weapons ban during a small private fundraiser in New York last week, according to audio of her remarks obtained by the Washington Free Beacon.
While Clinton has previously supported an assault weapons ban, this is the first time since launching her campaign that she indicated that she would take on the Supreme Court over gun issues.
Although Clinton did not identify which Supreme Court case she disagreed with, she appeared to be criticizing the landmark 2008 ruling in District of Columbia v. Heller, which found the handgun ban in Washington, D.C., unconstitutional.
Here is an unedited version of my 3Q 2015 contribution to the Manning Financial newsletter covering the topic of capital investment in the Euro area.
Wither Capital: Why Euro Area Lacks New Investment Opportunities
Despite the positive signs of an improving economy, the euro area is hardly out of the woods, yet, when it comes to the post-crisis adjustments. The key point is that the cure prescribed for the ailing common currency area economies by Dr Mario Draghi might less than effective in curing the disease.
The key risk to the euro area today does not stem from the lack of funding for investment that ECB QE and other unorthodox policies target by attempting to flood the markets with cheap liquidity. Instead, they stem from the lack of sustainable demand for new investment.
Here are three facts.
One: between 1991 and 2001, Euro area member states were moderate net investors, with annual capital spending exceeding savings by 0.6 percent of GDP on average, close to the World average of 0.8 percent of global GDP. This meant that savings generated within the Euro area were finding opportunities for investment at home, and to attract some net investment from the rest of the world.
When finance management is undertaken properly, it becomes easier to save money for future financial security. Savings are an important component of managing finances. Managing your money is essential because it determines how you live and what you are able to accomplish. Better money management will go a long way towards helping you improve your financial situations.
The first step towards effectively managing your money is to monitor your spending habits. This involves finding out where your money goes and what exactly your money is being spent on. With this type of tracking, you are likely to notice some unexpected spending patterns that show you are spending more on certain items than you previously thought you were.
To monitor your finances, you need to keep records of your expenditure. Different types of budgeting software can be downloaded online to make it easier for you to track your expenditure. Accurate records will enable you to see where your money is going.
Budget and Spending Plans
Budgets and spending plans make it possible for you to curb your spending and manage your finances properly. Spending less than your earnings will help you save more money. Keep records of your income and the amount that you spend on monthly expenses. Make a plan regarding how you will spend or save the money that remains.
October 2015 – SYRIA – Hundreds of Iranian troops have reportedly crossed into Syria ahead of a ground operation supporting Bashar al-Assad against his enemies. Sources in Lebanon claim that the soldiers arrived 10 days ago and will be supporting government forces, alongside fighters from the Shia Islamist group Hezbollah, against rebels in northern Syria. An anonymous official told Reuters the operation was being mounted in conjunction with Russian air strikes and aimed to recapture territory lost by the Syrian regime.
“The (Russian) air strikes will in the near future be accompanied by ground advance by the Syrian army and its allies,” one of the sources said. “It is possible that the coming land operations will be focused in the Idlib and Hama countryside.” Iran is believed to already have troops backing government forces in Iraq, where Shia militias believed to be funded by the Iranian government are also fighting Isis. The Kremlin had already announced the creation of an operations centre in Baghdad where its forces will work with the Iranians and intelligence operatives from Iraq and the Syrian regime. Officials have insisted that no Russian troops will be deployed on the ground but Vladimir Putin has sent fighter jets, artillery, tanks and equipment to Assad.
investmentwatchblog.com / Submitted by IWB, on October 4th, 2015
On Wednesday, Attorney General Loretta Lynch announced at the United Nations that her office would be working in several American cities to form what she called the Strong Cities Network (SCN), a law enforcement initiative that would encompass the globe.
An unedited version of my recent requested guest contribution for News Max on the issue of secular stagnation (July-August 2015).
Secular Stagnation and the Promise of the Recovery
Recent evidence on economic growth dynamics presents a striking paradox. As traditional business cycles go, recovery period following a prolonged recession should follow certain historical regularities. Shortly after exiting a recession, growth in productivity, output, investment and demand accelerates and exceeds pre-crisis growth.
These stylized facts are absent from the data for the major advanced economies to-date, prompting three distinct responses from the economic growth analysts. On the one hand, there are proponents of two theories of secular stagnation – an idea that structurally, long-term growth in the advanced economies has come to a grinding halt either due to the demand side collapse, or due to the supply side exhausting drivers for growth. On the other hand, the recovery bulls continue to argue that the turnaround reflective of a traditional recovery is likely to materialize sometime soon.
In my opinion, neither one of the three views of the current economic cycle is correct or sufficient in explaining the lack of robust global recovery from the crises of 2007-2009 and 2011-2014. Instead, the complete view of today’s economy should integrate the ongoing secular stagnation thesis spanning both the supply and the demand sides of the global economy.
Employers continue to ignore the signals sent by the recent stock market fracture. They are still hoarding their low cost labor forces at a record rate, exceeding that of any past bubble in history.
First time claims for unemployment compensation continued their string of record lows for the same week of the year. The actual number, not subject to any seasonal hocus pocus was 215,000 (rounded). That was just 1,520 claims per million employed workers last week. That compares with 1,905 per million in the same week of 2007 just as the housing bubble was beginning to implode and 1,841 in that week of 2000 a few months after the internet bubble had begun to implode.
The Department of Labor (DoL) reports the unmanipulated numbersthat state unemployment offices actually count and report each week. This week it said, “The advance number of actual initial claims under state programs, unadjusted, totaled 215,483 in the week ending September 26, a decrease of 3,856 (or -1.8 percent) from the previous week. The seasonal factors had expected a decrease of 11,741 (or -5.4 percent) from the previous week. There were 227,571 initial claims in the comparable week in 2014.”
The Fed unsurprisingly chickened out from the much touted September hike. International conditions and a disapproval from Mr. Market was enough to unnerve an increasingly bewildered FOMC board.
Less well known is the fact that the FOMC gave a strong, and unexpected, signal to the Pavlovian world of central bank front runners. Dovish hold as the enlightend call it. It is all about managing expectations – seeGoebbelnomics where we said
As the Keynesian revolution was merged with the models of Robert Lucas, it eventually morphed into something called neoclassical economic thought. The general gist was that economic agents can be tricked into changing their behaviour through surprises in monetary policy, which yes, has somewhat miraculously become the mainstay of central bank economists… … the academic transition led to the “economics of money shifting to economics of psychology”.
With this in mind it seem untenable that the radical change in the dot-plots is due to a rogue, independent minded FOMC member. On the contrary, everything coming out of the Federal Reserve is well coordinated and is there to signal to the rest of the world where the Fed would like speculators to place their bets, or in this case, should not put their money.
October 2015 – LONDON – It comes as tensions between NATO countries and Moscow continued to mount, with Russia threatening “nuclear counter measures” over a plan to bolster nuclear facilities in Germany. David Cameron is currently trying to find a “compromise deal” with Russian president Vladimir Putin over tackling the IS terror group in Syria. But Russian aggression in Eastern Europe, an increase in NATO air-space incursions by Russian bombers, and the development of a new Russian “super tank” has led senior commanders to admit that the prospects of a conventional ground war In Eastern Europe can no longer be ignored. The British Army has 227 Challenger 2 main battle tanks but, while they are still respected, they are in urgent need of upgrade.
Last year the British Army took part in live-fire NATO exercise in Poland with more than 100 armored vehicles. Operation Black Eagle “highlighted the British Army’s ability to deploy an armored battle-group at short notice anywhere in the world in support of the nation’s allies.” However the Sunday Express has learned that, unlike its NATO allies, Britain not able to deploy a full squadron of 14 tanks plus two in reserve within the regulation 30 -days time limit. Some, according to serving members of the Kings Royal Hussars armored regiment, took more than three months to make ready because they had been mothballed, or cannibalized for parts. Speaking recently General Sir Nick Carter, head of the British Army, confirmed that the future of the Challenger 2 was being considered at the highest levels.
jessescrossroadscafe.blogspot.com / By Jesse / 04 OCTOBER 2015
“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.”
John Kenneth Galbraith, The Great Crash of 1929
Here are a few charts that show the rather striking decline in ‘registered’ gold, that is gold available for those standing for delivery, in the Comex warehouses.
‘Standing’ by the way means standing around and waiting for someone to choose to fulfill your request for your contract to be fulfilled with actual bullion before the cut off date.
You can see from the first chart that the likelihood of someone actually standing for delivery and receiving bullion has never been less at The Bucket Shop. Real metal is unfashionable amongst our financial sophisticates.
As for delivery and withdrawal of bullion, it is getting stronger and stronger in the East. Second chart. What can one say at such embarrassing behaviour? What a bunch of rubes!
The shills and shrills for the bullion banks will tell you, in hair-splitting and often misleading detail that none of this means anything. And you better listen to them because they are the ascended masters of the universe.
All of these categories and procedures at The Bucket Shop are meaningless. And the holders of these millions of dollars in bullion often change the designations of their metal in new but meaningless ways in their quest to baffle the world. And provide makework for their brokers and clerical staff.
With people around the world worried about the escalating war in Syria, today former U.S. Treasury official, Dr. Paul Craig Roberts, told King World News that with four straight days of Russian bombings in Syria, Putin has sent a decisive message to the West.
Eric King: “Dr. Roberts, about this situation in Syria, obviously the Russians have bombed key targets and the rest of the world is watching and saying, ‘Putin just took over and put a stop to the madness.’”
There will be hell to pay when the little guy figures this out. He has worked a lifetime for something that not only has no value but was intended this way to “never pay”. The current system was no “mistake” or error, never paying or settling in the end has been the plan since Aug. 15, 1971. The only way to attain settlement prior to the holiday is to do it yourself. In Las Vegas you cash out by turning in your chips, in the game of real life you must turn your savings into something real or you will lose it. Do not fool yourself, just because the rules are stacked against you …does not mean you need to play their game! - Bill Holter