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The 30-Year US/Iran Nuke Standoff: We Started It In The Reagan Days

Gareth Porter, an intrepid journalist and historian associated with Inter Press Service has now produced a book that decimates the official narrative, and places the true facts and history into a single, comprehensive and accessible volume, Manufactured Crisis: The Untold Story of the Iran Nuclear Scare. It is a Must Read.

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Let Them Eat iPads: 14-Years Of Data Debunk Fed's Inflation Shortfall Canard

Hitting the wholly arbitrary 2% inflation target is sacred doctrine inside the Eccles Cathedral, and Yellen takes her scriptures, along with her money printing, every bit as literally as the legendary William Jennings Bryan. Indeed, failing the inflation target "from below" amounts to a Cardinal Sin.

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Another China Crack: Ultra-Luxury Hong Kong Real Estate Being Dumped For Cash

Nowhere is this more evident than in Hong Kong's ultra-luxury housing market. First, since the Hong Kong dollar has long been pegged to the USD, the monetary authority has had to massively expand its liabilities in response to the Fed's money printing spree since late 2008. Accordingly, the Hong Kong dollar interest rate has been pinned to the floorboard for five straight years, fueling a massive speculation in real estate that has taken the price of luxury properties to manic levels.

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Aim of the Neo-Cons' Ukrainian Diversion: Sabotage Talks With Iran and Syria

The last thing a bankrupting America needs is another war in the Middle East. Yet the neo-con War Party is determined to have it, and the insane confrontation they have provoked with Putin over the Ukraine has now made that pernicious objective all the more possible. After all, how can the current fitful peace talks aimed at cooling the inferno in Syria and dampening the long-festering conflict over Iran's nuclear program make any traction at all without Vladimir Putin? They can't, and that's why the War Party is stirring tensions, to paraphrase Churchill, from Stettin in the Baltic to Sevastopol on the Black Sea.

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The War Party At Work In Syria: Another Nation Destroyed, More Blood On America's Hands

Another Middle East nation has been destroyed because the "opposition" was provoked, supplied, trained, armed and financed by the West and the Persian Gulf sheiks. Whatever its legions of sins, the Assad regime has been no more brutal, tyrannical, decadent or self-serving that the House of Saud or the Al Thani rulers of Qatar. So the "civil war" is not about better government for the Syria's suffering population because it is no longer a civil war at all---if it ever was.

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The Short-Form Beltway Formula: More Debt, More Taxes

The red flags contained in the national and global headlines that have come out thus far in 2014 should have spooked investors and economic forecasters. Instead the markets have barely noticed. It seems that the majority opinion on Wall Street and Washington is that we have entered an era of good fortune made possible by the benevolent hand of the Federal Reserve. Ben Bernanke and now Janet Yellen have apparently

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Fed's Taper Kabuki is Farce; Gong Show of Cacophony, Confusion and Calamity Coming

David Stockman lambasts Fed policy on CNBC.

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General John McCain Strikes Again!

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Hogtie the Fed, Tax Consumption, Balance the Budget, Recoup Windfalls to the Rich and Outlaw Bailouts

The 2008 bailouts were based on a grotesque urban legend that we were faced with Great Depression 2.0.

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The Truman Show of Bubble Finance, 1987-2014, RIP

Willard M. Romney did not see this, and for a compelling reason: he was the Jim Carrey of bubble finance. He had made a fortune during a twenty-year career in the studio, riding the wave machines of debt and leveraged speculation enabled and powered up by the Fed. Not surprisingly, Romney mistook the windfall riches garnered in the great hall of bubble finance for the fruits of honest enterprise on the free market, and was therefore blind to the profound monetary and financial disorders of the American economy.

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David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

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