Archive For: December 2014

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Another War Party Proganda Scam: The Sony Hack Fraud

The progression of the government’s case indicting North Korea for hacking Sony’s computer system – and revealing the petty ego-trips of Hollywood’s glitterrati – was succinctly summed up by computer security expert Jeffrey Carr in a pithy tweet: "NK did it 100% OK, NK did it w/ help OK, NK outsourced it OK, NK was […]

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Housing Bubble 2.0-----Factors Suggesting The 'Echo' Bounce Will Falter In 2015

Considering the reality that only the top 5% have benefited from the policies of the past six years, it's difficult to see how the Echo Bubble can continue expanding in 2015.After two years of bubble-type price increases, the big question for housing i...

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Occam’s Oil Razor: Oil Is Falling Hard Because World Demand Is Falling Hard

As my colleague Joe Calhoun continually reminds us, everything that happens has happened before. The ongoing “struggle” to define what is driving crude oil prices lower is perhaps another instance of a past “cycle” being reborn. With oil prices now heading much closer to the $40’s than the $60’s, consistent commentary is increasingly swept aside....

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Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova---The Case Of Iron Ore

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Go Figure: Commodity Index Drops Below 'Financial Crisis' Low, But Stocks Are Cheap Owing To Endless Growth Ahead?

With the S&P 500 having now tripled-and-then-some off the March 2009 lows, we thought it noteworthy to note that today, Bloomberg's Commodity Index dropped below those financial crisis lows for the first time.

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Abenomics Delivers A Gut-Punch: Japan Imports 60% Of Its Calories, Imported Food Prices Soaring

Japanese farmers provide just 39 percent of the 2,224 calories consumed by an average adult every day, government data shows. Combined with April's 3 percent consumption tax hike -- also imposed on groceries -- food costs shot up by around 5 percent on-year in both the second and third quarters.

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Imperial Washington During 2014: The Good, the Bad, and the Ugly

Potentially even more destabilizing is the advent of a new cold war with Russia: our regime change campaign in Ukraine, which succeeded in overthrowing the democratically elected government, has resulted in a full-scale civil war in which thousands have been killed. Air strikes on civilian population centers by the "pro-Western" Kiev regime are routine, while the Western media – so quick to focus on the suffering of the Yazidis, the Darfurians, etc. – turns a blind eye.

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What Obama's R2P Doctrine Wrought In Libya: Warlord Mayhem And Economic Desolation

For three years, Libya has been without a functioning government, police force, or army. The country has been ripped apart by warring fiefdoms of ex-rebels who helped oust Qaddafi but have since directed politics with AK-47s and anti-aircraft guns. This summer, as the battle lines began to harden, two rival factions have emerged to vie for control of Libya: On one side is the newly elected parliament that has been banished to the eastern city of Tobruk — supported by the fractured remains of Qaddafi soldiers who defected during the uprising, as well as regional powers like Egypt, Saudi Arabia, and the United Arab Emirates. On the other side is Libya Dawn, a self-described revolutionary coalition of militiamen and Islamist-leaning politicians that originated in the Western city of Misrata, allegedly backed by Turkey and Qatar.

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The New Subprime-----Distressed EM Debt Down 20% YTD

Bank of America Merrill Lynch’s Distressed Emerging Markets Corporate Plus Index fell 13.4 percent through Dec. 26, set for its worst performance since October 2008, as a tumble in the price of oil sparked a currency crisis in Russia. That brought this year’s decline to 19.7 percent, the most in six years......

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The Real Meaning of the 1914 Christmas Truce----Most People Do Not Wish To Kill For The State

The encouraging message we should take from the Christmas Truce of 100 years ago is that given the opportunity, most humans do not wish to kill each other. As Nazi leader Hermann Goring said during the Nuremberg war crimes trials, “naturally, the common people don’t want war; neither in Russia nor in England nor in America, nor for that matter in Germany.” But, as he added, “the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.”

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