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The Keynesian Money Printers Repudiated Again: June New Home Sales Swoon

davidstockmanscontracorner.com / David Stockman / July 25, 2014

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The ‘Great Reassessment’ to come?

silverseek.com / Bill Rice, Jr. / Friday, July 25th

To the Rush Limbaugh’s, Mark Levin’s and Sean Hannity’s of the world, Ron Paul was an insane “isolationist” “kook” who might as well have been pulling for the “enemy” when he, almost alone, argued passionately against America’s involvement in the wars in Iraq and Afghanistan.

Rush Limbaugh, Sean Hannity and Mark Levin were of course arguing passionately for these wars.

You might have noticed that America’s effort to transform these nations into future democratic Americas doesn’t get discussed much anymore.

The talk show hosts – like their listeners – now know that the whole effort was a tragic folly.

While it might have taken a couple decades for history to make a definitive judgment on America’s war in Vietnam, such a judgment hasn’t taken nearly as long with our military involvements in Iraq and Afghanistan.

In just a few years, public opinion (and history’s “verdict”) has changed 180 degrees.

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Tekoa Da Silva: Dollar to Die Like a Lobster in Boiling Water- Asia is Ready to Eat!

SilverDoctors , Published on Jul 25, 2014

Sprott’s Tekoa Da Silva joins The Doc & Eric Dubin on this week’s Metals & Markets from the Sprott Natural Resource Symposium in Vancouver discussing:

1. PM futures roller coaster: metals smashed under $1300 and $21 ahead of options expiration, but close week with a strong Friday afternoon rally- is the take-down over?
2. Tekoa discusses his journey from PM journalist and pod-caster to Investment Executive at Sprott Global- what he’s learned from the brilliant minds there including Sprott, Rick Rule, and John Embry, and how SD listeners can apply lessons he’s learned at Sprott to their investing
3. With the BRICS announcing the $100 billion central banking alternative to the West, Tekoa discusses the death of the US & the dollar as occurring gradually so as not to alarm the boiling lobster: “At some point the lobster will pass away, and be eaten by outside groups!”
4. Tekoa reveals how he conned the ECB’s Mario Draghi into admitting central banks’ gold leasing has been unsuccessful
5. From the stunning “Castle in the City” in Vancouver, Tekoa gives an inside update on the Sprott Natural Resource Symposium, and reveals how excited the Sprott team is about the next major bull upleg in the PM and natural resource sector.

Become a Divergent Thinker: Are Bankers Plotting World War to Preserve USD Hegemony?

smartknowledgeu.com / July 25th, 2014

I have no doubt that divergent thinkers will be best positioned to not only survive the next financial crisis but that they will exit it in the best position as well. Why? Because today we are overwhelmed with banker-sponsored government propaganda regarding “recovering economies”, robust stock markets and real estate markets that are over-inflated, price-distorted bubbles, and warnings to stay away from gold and silver. Those that are divergent thinkers can typically see through propaganda to draw their own proper conclusion while those that are convergent thinkers are far more easily misled by propaganda.

 In recent years Central Banks have directly purchased trillions of dollars, yen and Euros to buy risk assets to prop up stock markets. In US stock markets, US companies bought back more than half a trillion of stock in an effort to improve earnings per share metrics absent of any sustainable organic growth in sales in 2013. The US Federal Reserve continues to buy billions of US debt every month to prop up US Treasury bond markets and Belgium’s mysterious parabolic increase in US Treasury purchases in 2014 that quickly transformed this small nation into the 3rd largest holder of US Treasury debt in the world serves as evidence that the Fed is not really tapering bond purchases at all but merely redirecting purchases to more covert methods.

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The Catastrophe of #MH17: BBC in the Search of the “#BUK” – The Video Report Censored by BBC

theburningplatform.com / 25th July 2014

Via Vineyard of the Saker

 Translated from Russian by Gleb Bazov
Note: Videos & a PDF of the Google Web-cache Have Been Preserved and Are Available Upon Request
 Preamble: Why did the BBC delete this report by Olga Ivshina? Is it because the BBC team was unable to find any evidence that a rocket was launched in the area that the Ukrainian Security Service (“SBU”) alleges to be the place from which the Novorossiya Militia launched a “BUK” missile?Or is it because every eyewitness interviewed by the BBC team specifically indicated the presence of Ukrainian military aircraft right beside the Malaysian Airlines Boeing MH17 at the time that it was shot down?Or is it because of eyewitness accounts (like the one posted following the transcript of the BBC report) confirming that the Ukrainian air force regularly used civilian aircraft flying over Novorossiya as human shields to protect its military aircraft conducting strikes against civilian population from the Militia’s anti-aircraft units?

 I reserve the final judgment to the readers of this blog. This entry is broken down into:

  1. introductory paragraphs to the BBC video report;
  2. English-language transcript of the BBC video report; and,
  3. a video interview with Elena, a Militia fighter, recorded in Slavyansk on or about June 18, 2014, or one month prior to the MH17 catastrophe, wherein she states that, even then, the Ukrainian military aircraft would customarily hide behind civilian aircraft to bomb civilian targets on the ground.

In the last part of this entry Elena 

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Bubble Bashing Bankers: Don’t Fear Asset Inflation

thedailybell.com / Staff Report / July 25, 2014

Greenspan says bubbles can’t be stopped without ‘crunch’ … Former Federal Reserve Chairman Alan Greenspan has always been a student of the economy. Since the financial crisis, he’s become a student of human nature. Sitting in his office with a view of the Washington Monument in the distance, Greenspan is eager to share the insight distilled in his recent book, “The Map and the Territory,” due out in paperback this fall. ‘There is definite evidence the economy is picking up. The financial system is finally beginning to lend. But, what we don’t know is whether, when the recovery gets underway, it is going to run into another false dawn.’ – MarketWatch

Dominant Social Theme: Bubbles are God’s way of expanding prosperity.

Free-Market Analysis: It began with a bizarre statement by Janet Yellen. “Monetary policy faces significant limitations as a tool to promote financial stability,” Yellen told an audience at an event put on by the International Monetary Fund.

We covered this announcement via a write-up presented by The Verge in “Shock: Markets to the Moon… as Yellen Prepares for the Biggest Stock Crash Ever.” – See more at: http://www.thedailybell.com/news-analysis/35506/Bubble-Bashing-Bankers-Dont-Fear-Asset-Inflation/#sthash.kbC2RXvv.dpuf

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Congress Alarmed by Possible CIA Access to Confidential Whistleblower Emails

thedailysheeple.com / RT / July 26th, 2014

The CIA obtained a legally protected, confidential email between whistleblower officials and Congress this spring, raising questions over whether the agency illegally has access to other communications regarding whistleblowers, McClatchy reported.

It is unclear how the CIA got hold of the email and other unspecified communications between Daniel Meyer – the intelligence community’s top official for whistleblower cases – and lawmakers, people familiar with the matter told McClatchy.

The email was about allegations that the CIA’s inspector general, David Buckley, failed to properly investigate potential agency retaliation against an official who was cooperating with the Senate Intelligence Committee on an investigationpertaining to the ‘The Company’s’ use of so-called enhanced interrogation techniques during the George W. Bush administration.

In December 2013, Sen. Mark Udall (D-Colo.), who led calls for the swift publication of the report, revealed that the Intelligence Committee had become aware of an internal CIA report, which he said was “consistent with the Intelligence Committee’s report” and “conflicts with the official CIA response to the committee’s report.” The report was not shared with the Committee investigators.

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CENTRAL BANK THEATER

dollarvigilante.com / Wendy McElroy / 2014/7/25

As the curtain rose on the economic stage, it revealed politicians and central bankers hand-in-hand, ready to act out a farce.

A June 23rd article in Bloomberg constituted the first review. It opened, “Germany has decided its gold is safe in American hands.” The gold in question is the massive German reserve that is allegedly stored at the Federal Reserve Bank of New York (NY Fed). On January 16, 2013 Germany’s central bank, the Bundesbank – or BuBa to its critics — announced an intention to repatriate a sizable portion of its gold from the NY Fed by 2020. But, now, the government’s budget spokesman Norbert Barthle declared, “The Americans are taking good care of our gold. Objectively, there’s absolutely no reason for mistrust.”

Objectively, there’s no reason for trust. The repatriation was requested precisely because popular opposition leaders areconvinced the NY vaults are either deficient or empty. The German people agree with the opposition and they loudly demanded to see the proof. Moreover, the German government itself has displayed a deep distrust of America. For example, Germany recently declined to renew its contract with the telecom giant Verizon. Tobias Plate, a spokesman for the German Interior Ministry, explained, “There are indications that Verizon is legally required to provide certain things to the NSA.” Specifically, the government suspects Verizon will monitor the communications of top officials in the same manner that Chancellor Angela Merkel was “intercepted” by the NSA.

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MERS may have mutated to airborne agent

theextinctionprotocol.wordpress.com / July 24, 2014

July 2014 – SAUDI ARABIA – Genetic fragments of the deadly MERS virus were detected in the air of a barn where an infected camel was kept, a new study says. The findings show the need for further studies to determine if Middle East Respiratory Syndrome (MERS) can be transmitted through the air, the researchers said. Researchers collected air samples over three consecutive days from a camel barn owned by a 43-year-old male MERS patient who lived south of the town of Jeddah, Saudi Arabia. The man later died. One of the camels in the barn was later confirmed to have MERS. The air samples contained genetic fragments of MERS that were identical to those detected in the infected camel and its owner, according to the study in the July 22 issue of the journal mBio.

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Algorithmic Trading Strategies with Market Sentiment

thegoldandoilguy.com / Chris Vermeulen / July 23, 2014

Algorithmic trading which is also known as automated trading has changed the way I trade and invest dramatically. As you know trading is extremely difficult to be consistently profitable in. The #1 reason individuals fail is because they struggle with their emotions and end up trading with the general market sentiment. While the herd mentality/feeling can and most of the time feels like the proper (logical) way to look at the market, trading with the “herd mentality” is the silent killer.

I am going to teach you how to read market sentiment so you can swing trade and profit consistently from emotional traders to earn 1% – 3% per month trading the SP500 index. If you want to make money, you need to trade against the herd (masses) at key support and resistance levels in the market. Plus you should have a robot (algorithmic trading system) execute these trades for you. Because, you need to completely remove your emotions from the game, and because it’s not rocket science to identify key levels where you should be entering and exiting the market with your money.

You start by looking at the market completely backwards. Focus on buying positions during heavy volume sell-offs (panic) and sell your positions during heavy volume rallies (greed). This was a very tough transition for me and I still get nervous and emotional during these times when my system enters and exits positions. This strategy feels completely wrong at the beginning but the profits speak for themselves!

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Consumer Prices in U.S. Climb on Jump in Gasoline Costs

silverbearcafe.com / Lorraine Woellert and Victoria Stilwell / July 25, 2014

The cost of living in the U.S. rose at a slower pace in June and home sales climbed to an eight-month high, showing the economy is generating little price pressure as growth accelerates.

The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, figures from the Labor Department showed today in WashingtonPurchases (ETSLTOTL) of existing houses advanced 2.6 percent to a 5.04 million annual rate, the National Association of Realtors reported.

The data bolster Federal Reserve Chair Janet Yellen’s view that a recent pickup in inflation was temporary and that the world’s largest economy would rebound from a first-quarter slump. That means the central bank can keep interest rates low well into 2015 even as it continues to trim bond purchases.

“The economy and the recovery remain on track, neither too hot nor too cold,” said Laura Rosner, U.S. economist with BNP Paribas in New York, which accurately forecast the change in consumer prices. The Fed “can continue with accommodative policy and let the labor market continue to heal.”

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26/7/2014: Of Germans Bearing the Ugly Truth?..

trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, July 26, 2014

German experts and analysts have an un-Irish capability of speaking their own mind… and when they do (and they do it anywhere, including when visiting this country of ours), they don’t mince words. Behold the latest ‘visitor’ from the land of ‘Nein!’: Dr. Joachim Pfeiffer, the economic policy spokesman for the parliamentary group of the ruling Christian Democrats. Dr. Pfeiffer was in Dublin this week. Somewhere between a nice dinners and customary ritual of witnessing the Irish ‘craic’ in a pub, the learned Doktor sneaked a few minutes to tell us that “Ireland has “no chance” of securing a deal on its legacy bank debt” and that “the euro zone’s new bailout fund had not been established for nor would be it used for retroactive bank recapitalisation.”

Quoted in the Irish Times: “There is no chance Ireland’s legacy assets will be paid by the European Stability Mechanism (ESM). This instrument is only an instrument for emergency.”

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Silver Wheaton short squeeze coming?

truthingold.com / Dave in Denver / July 25, 2014

Shares of Silver Wheaton Corp were the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 4,218,991 shares, a growth of 121.4% from the June 13th total of 1,905,638 shares, Stock Ratings News reports. Based on an average trading volume of 5,143,846 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.2% of the company’s stock are sold short.

A number of research firms have recently commented on SLW. Analysts at Raymond James raised their price target on shares of Silver Wheaton Corp. from $31.00 to $32.00 in a research note on Monday, July 14th. Separately, analysts at RBC Capital raised their price target on shares of Silver Wheaton Corp. from $35.00 to $38.00 in a research note on Wednesday, July 9th. Finally, analysts at Morgan Stanley raised their price target on shares of Silver Wheaton Corp. from $25.00 to $27.30 in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Silver Wheaton Corp. presently has a consensus rating of “Buy” and a consensus price target of $31.18.

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The Flame-Out Of Abenomics, in One Crucial Chart

wolfstreet.com / Wolf Richter / July 24, 2014

Abenomics, the new economic religion of Japan, has kept some of its promises: It created inflation while wages stagnated, thus whittling down real incomes, further squeezed by the broad consumption tax hike. It devalued the yen by 25%, thus vaporizing a quarter of the wealth of the Japanese without having to tell them directly. And to make up for the tax increase on consumers, Abenomics elegantly cut taxes for Japan Inc. Grudging respect is due Prime Minister Shinzo Abe for these noble accomplishments.

In other areas, his record is spotty. One of the goals of his policies was to fire up exports by making them cheaper overseas and reduce imports by making them more expensive to consumers and businesses at home. It would crank up Japan’s manufacturing sector and lead to a trade surplus that would inflate GDP, make Abe a hero, and save Japan.

Exports and trade surpluses have been vital to the Japanese economy. And reconstituting them has been a cornerstone of Abenomics. But that plan has gone to heck.

Not step by step, gradually over time, but in monthly leaps, whose size surprised even Abenomics-cynics like me. And the Ministry of Finance rubbed it in today when it published the trade statistics for June.

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Strength In Aluminum Stocks Good For Markets

zentrader.ca / Jeff Pierce / July 22, 2014

AA and CENX showed up on my momentum scans today not because they had big moves, but because the overall strength of their trend is so strong. It’s generally a good thing for the general markets when this sector is doing well and we can often expect the markets to continue to rise. Trends don’t turn on a dime and while in the short term they may be a little overbought these trends can go on for far longer then we can imagine.

AA – with a weekly RSI of 88 this is definitely overheated. A pullback in the $13-14 range should be the perfect area to add to this if you were wanting to buy this stock.

CENX – same deal as above, but look for a pullback to the $14-14.50 range.

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TERRIFYING BLACK SWAN, BANKING CRISIS, GOLD, MARKETS & MUCH MORE – Art Cashin:

kingworldnews.com / Saturday, July 26, 2014

PLEASE CLICK ON PICTURE TO LISTEN TO THIS EXCLUSIVE INTERVIEW

News In Two Minutes – Food Shortages – Resource Wars – Sectarian Violence – Social Unrest

FullSpectrumSurvival , Published on Jul 25, 2014

Due To Current Obligations The News In Two Minutes Will Be Returning On August 04 2014.

European Court Finds CIA Tortured Prisoners at Polish Black Site

lewrockwell.com / By Crofton Black, AlJazeera America / July 25, 2014

For the first time, a court has ruled on the activities of the Central Intelligence Agency’s secret prison network in Europe. The European Court of Human Rights on Thursday found “beyond reasonable doubt” that two current prisoners at the Guantánamo Bay detention facility, Abu Zubaydah and Abd al-Rahim al-Nashiri, were transferred from Thailand to Poland by the CIA and tortured there.

The language in the judgment is damning. Evidence of the prisoners’ rendition and treatment is “coherent, clear and categorical.” The facts presented by their legal teams “demonstrate” that the Polish authorities knew at that time that the CIA was using Szymany airport and, as a secret detention site, the Stare Kiejkuty military base. The court judged it “inconceivable” that rendition aircraft landed in and departed from Poland, or that the CIA occupied the premises in the Polish base, without Poland being “informed…

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Beloved CEO Fired By Board For Being Insufficiently Ruthless: Employees Leave Jobs In Protest

jessescrossroadscafe.blogspot.com / July 25, 2014

“Just remember this, Mr. Potter, that this rabble you’re talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath?

Anyway, my father didn’t think so. People were human beings to him. But to you, a warped, frustrated old man, they’re cattle. Well in my book, my father died a much richer man than you’ll ever be!”

George Bailey in It’s a Wonderful Life

This is by far the most remarkable story I have seen in a while. Ordinary employees lay their jobs on the line to support a wealthy CEO who was fired by the board. Talk about a ‘man bites dog’ story.

In the latest development the CEO of a northeastern grocery store chain, Mr. Demoulas, has made an offer to buy back his company, Market Basket.

If only more of us would put people before power and greed. If only more of us would insist that our leaders live up to their duties to the people first, and not wallow in money and privileges for themselves and their cronies.

If only those spreading fear and hatred to keep the people compliant would not find so many willing and gullible fools to support them.

Then that really might be ‘a wonderful life.’

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The Unsustainable Absurdity of the Average American Diet

theorganicprepper.ca / by Daisy Luther / July 25, 2014

Have you ever thought about how wildly unrealistic and unsustainable our current diets are?  Items that don’t grow within the same season are commonly consumed together. Things that don’t grow on the same continent are combined into all sorts of meals.  We eat blueberries in December and drink pumpkin spice lattes in the summer.  We eat tropical fruit with Midwestern grains.  Without the transportation system, there would be absolutely no rhyme or reason to our “normal” diets.

Here’s an example: What’s a typical breakfast in the United States?

Maybe it’s a bowl of Cheerios with milk, a banana sliced on top, and a glass of orange juice.

This sounds pretty normal, right?  It’s not – it’s actually quite exotic, if you think about it…

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Why Is The Obama Government Starting A War With Russia?

investmentresearchdynamics.com / David Kranzler / July 25, 2014

Because history tells us that is what Government’s do when their country is collapsing economically, politically and socially.

Please take the time to read this incredibly informative and insightful article by Dr. Paul Craig Roberts:  Washington Is Escalating the Orchestrated Ukrainian “Crisis” to War.

Keep in mind that Russia and China are working methodically to eradicate use of the U.S. dollar from all of their foreign trade activities.  When rats are trapped in a corner and face death, they will attack their foe.  The U.S. Government is a trapped rat…

SOURCE

United States Crafting Legislation to Incite World War III

Bob Corker, R-Tenn., right, accompanied by Sen. John McCain, R-Ariz. Photo credit: AP

thedailysheeple.com / Luis Miranda, The Real Agenda / July 25, 2014

Republican Senator and ranking member of the Senate Foreign Relations Committee, Bob Corker, is the most recent inciter of a global war, as he is the main sponsor of the Russian Aggression Prevention Act of 2014.

The piece of legislation, which has already been seen in congressional committee, intends to effectively declare war on Russia by imposing even more draconian sanctions on Russian businesses, and individuals, maintaining American troops in European countries, increasing the presence of American troops and military equipment in countries that support NATO’s actions against Russia, including former Soviet republics, forcing Ukraine to become a member of NATO so the United States can station troops and armament on the Russian-Ukrainian border and cancel any nuclear disarmament treaties signed between the United States and Russia, among other things.

Senator Corker’s proposed legislation has the support of traditional neoconservative members of Congress, such as Arizonan Republican, John McCain and Senator Marco Rubio, the Cuban-American Republican who is actively campaigning to become a Republican presidential candidate for the 2016 election.

The Russian Aggression Prevention Act of 2014 “Directs the Secretary of Defense (DOD) to submit to Congress a strategic framework for U.S. security assistance and cooperation in Europe and Eurasia,” begins the text. According to Wayne Madsen, from the Strategic Culture Foundation, the legislation also intends to punish former US allies in Europe who are now in business with Russian companies. Among them, former German Chancellor Gerhard Schroder, who would be subject to a travel ban and asset freeze by the United States.

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But Wait, There Are A Few Differences Between Amazon and the US Postal Service

wolfstreet.com / by Wolf Richter / July 25th, 2014

When Amazon reported second quarter earnings, or rather losses, it surprised no one, though some people were surprised that it lost that much ($126 million). To make us feel better about those losses, and to be able to beat analysts’ expectations later, it preannounced losses between $410 and $810 million for the current quarter. Analysts fell all over each other dodging the question how a company with over $19 billion in revenues could lose that much, and so consistently.

Amazon has been doing this sort of thing for years. Countless analyses have been written about how terrible its financial performance has been, and how the metrics have been deteriorating, including the operating margin that has swooned from 4.9% in Q2 2010 to a nearly invisible 0.8% now (chart). The company made a tiny bit of profit in 2012, lost money in 2013, and is starting this year out in the hole as well.

“We continue working hard on making the Amazon customer experience better and better,” explained CEO Jeff Bezos in the press release. “We’ve recently introduced Sunday delivery coverage to 25 percent of the U.S. population, launched European cross-border Two-Day Delivery for Prime….” Etc. etc.

He sounded like Patrick Donahoe, CEO of the US Postal Service. Amazon has a lot in common with USPS: they’re in the same ballpark in terms of revenues, both dominate their markets, and neither can figure out how to make money.

But there are a few differences between Amazon and USPS:

Bezos can run his show as he sees fit. OK, there is a board, but it doesn’t seem to give him a hard time about the company’s performance. As long as the stock keeps going up, who cares?

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SBU Cleans Website of Bogus “Proof”; Mystery of 312 Grows

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / July 25, 2014

An image from the Security Service of Ukraine (“SBU”) that purportedly showed a Buk heading back to Russia at nighttime, has now been removed from the cite.

I made a screenshot of the image and posted it in Ukraine Caught in Third Major Lie? Magic Number 312

The image once was at the bottom of this SBU page: Russia is trying to hide the evidence of his involvement in a terrorist attack in the skies over Ukraine.

Here is the image I posted, now removed.

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If this Photograph is Accurate, Russia is Readying for Action in the Donbas

johngaltfla.com / by John Galt / July 23, 2014

FWIW, my sources have given me a whisper number that up to or over 54,000 Russian troops are now positioned within 5 km of the Ukrainian border near the Donbas region. I have no reason to doubt that they are either optimistic or perhaps just underestimating Russian forces as that does not include those who have already infiltrated into the Ukraine over the past several weeks.

Tonight the Twitter User LIVEUAMAP posted the following picture (click on the thumbnail for full size):

If the numbers prove accurate and his information reflecting that this photo was indeed taken today of Russian troops digging trenches, action could be coming against the Kiev government long before the West is prepared to intervene. Thanks to Liveuamap for this fascinating photo and map location…

SOURCE

Art Cashin Warns Of Terrifying Black Swan & The Banking Crisis

kingworldnews.com / July 25, 2014

Today 50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management), warned King World News about a terrifying black swan, at least from the U.S. perspective, and also warned that the European banking crisis will see many more banks in dire trouble before the crisis ends.  He also discussed his biggest worries going forward.  Below is what Cashin had to say in this powerful interview.

Eric King:  “Art, is there an alliance forming between Germany, Russia, and China?”

Cashin:  “I don’t think a full, specific alliance.  But I think what you are seeing is Russia demonstrating to the West that they can find customers elsewhere, and they are utilizing China.  The most interesting conversation in that area is that all of the BRIC nations are looking to find an alternative for the U.S. dollar as a reserve currency.  That could be a black swan that not many people are thinking about.

And the Germans would not be disappointed in that either.  So I think you want to keep an eye on what’s going on here and see if under the cover of some of these geopolitical strains we find that there is going to be a currency problem building that could be global.”

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Debt Rattle Jul 25 2014: The Big Energy = Power Battle Is Coming

DPC The Flatiron Building, NY 1903

theautomaticearth.com /  by Raúl Ilargi Meijer  / July 25, 2014

I don’t really want to keep talk about Ukraine, but it’s too hard to avoid. Besides, it’s not the same story anymore that it was when the week began, since the economic war vs Putin and Russia is now escalating. For reasons that have nothing to do with the plane crash, though they may seem to, a fact that completely seems to escape 999 out of 1000 people.

We still don’t know who shot that plane (we’re not even sure anyone did), and the longer is takes to get evidence for who did it, the more likely it is that such evidence will be tainted and/or fabricated.

That’s undoubtedly why the western media simply bypass the need for evidence, which is worrisome on multiple fronts. The “logic” behind it seems to go something like this: Russia is involved in the plane crash because it has been involved in east Ukraine after the Maidan coup ousted Yanukovych, by supporting – in undefined ways – the Russian speaking population and ‘rebels’.

The problem is that if you follow that logic, the west, too, is involved in the crash, since the EU and US have very actively supported the other side in the domestic Ukraine conflict. That would leave only the “but we are on the good side”, or even “God is on our side” defense (not that the west feels it needs to defend itself). But “good side” or “God’s side” are not arguments that hold up in for instance a legal environment: you’re either involved or you’re not.

So if, being the west, you want to put the blame for MH17 on the Russians, bypass the need for evidence, and accuse them on the grounds of “indirect involvement”, you’re also at the same time implicating yourself. You can’t escape the fact that your actions may have contributed to the disaster. And I don’t understand why western politicians and journalists fall into that trap, and why the population falls so easily and eagerly with them.

What’s more, as long as there is no evidence on the table, it’s at least as likely that the Ukraine army – or CIA or Blackwater – shot the plane as it is that the rebels did. It is as simple as that. The move to isolate Russia and Putin which has evolved over the past week, evidence be damned, makes clear that those operating on “our side” may well have had a lot more motive to shoot down a passenger plane than the ‘rebels’ did. And that they have a political agenda: those sanction were not all drawn up on a rainy afternoon. .

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Options expiration’s influence on gold cited by Eric Sprott

gata.org / CHRIS POWELL / July 25, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management’s Eric Sprott, interviewed today by Sprott Money News for the weekly market wrapup, joins those calling attention to the suppressive influence on the gold price by the imminent futures contract options expiration. The interview is six minutes long and can be heard at the Sprott Money Internet site here:

http://www.sprottmoney.com/sprott-money-weekly-wrap-up

SOURCE

How the NSA is Actively Helping Saudi Arabia to Crackdown on Dissent

libertyblitzkrieg.com / Michael Krieger /  

It is not an exaggeration to say Saudi Arabia is one of the most oppressive, authoritarian regimes on the planet. Despite having been the main foreign instigator pushing for conflict in Syria, as well as its increasingly disturbing ties to the attacks on 9/11, it remains one of the U.S. government’s closest allies.

I’ve covered some of the human rights abuses of the Saudi regime on several occasions due to the fact that it so clearly exposes the total hypocrisy of U.S. foreign policy. The most recent example was the recent sentencing of human rights lawyer and activist Waleed Abu Alkhair to 15 years in prison for “inciting public opinion,” i.e., effectively utilizing free speech. I covered this in detail in the post: Saudi Human Rights Lawyer and Activist Jailed for 15 Years for Free Speech Under New “Anti-Terror” Law.

Thanks to revelations from Edward Snowden, we now know that our taxpayer money is directly funding the ability of this autocratic regime to brutalize its citizenry. The Intercept reports that:

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University of Washington Paper States Plainly that there has been no appreciable attention paid to Cyclical Analysis of Weather

armstrongeconomics.com / by Martin Armstrong / July 25, 2014

The introduction to a University of Washington paper is right on point. It warns that there has been way too little investigation into the natural cyclical trends within the climate. The arrogance of assuming we have the power in our hands to change the entire environment within a few decades is absurd. The assumption that the weather has changed must be connected to man is the same stupid assumption that all illness is introduced externally so you have to bleed the patient to get it out. If they died, the theory is not wrong, the patient was not bled soon enough. The environmental global warming crowd has not investigated anything to do with the natural cyclical environment in which we live.
The University of Washington report states:

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