Thursday, August 22, 2019

Chinese State Media Announces 2.56M ‘Discredited Entities’ Prevented From Purchasing Plane Tickets Under Social Credit System

by Chris Menahan, Information Liberation:

This is the system our ruling oligarchs are trying to implement in America.

This video taken in a bullet train in China went viral last year:

Trump administration dropping hints that they too are interested in joining the MMT movement through the use of 100 year bonds

by Kenneth Schortgen, Shotgun Economics:

A politician’s favorite scapegoat is the fact that by the time their destructive policies ever come to full fruition, they will often be long gone from office.  And while this isn’t always the case, (President Obama and Obamacare) for the most part this does fit the pattern for elected officials in Washington D.C..

Which is why a scheme dropped on Aug. 17 by President Trump’s Treasury Secretary Steve Mnuchin may actually see Modern Monetary Theory (MMT) enacted by a conservative administration long before the Democrats get control of the White House to implement their own version.

Hong Kong: Chaos Before the Order

by James Corbett, The International Forecaster:

One thing is for certain: the fight for the future of Hong Kong is raging as we speak. But the real question is: who is fighting that fight? The people of Hong Kong, or Beijing and Washington?

When Fox News talking head Kathleen “KT” McFarland had ex-Reagan stooge Michael Pillsbury on her “Defcon 3” web show in 2014 to discuss the so-called Umbrella Movement protests which were then raging across Hong Kong, she got more than she bargained for.

China Is Getting Ready to Crush Hong Kong

by Eric S. Margolis, Lew Rockwell:

Special for

Time was when flying to Hong Kong was a really big thrill – or maybe scare would be a better term.  Its old airport, Kai Tak, was right in the middle of bustling downtown Hong Kong.  Flying into Kai Tak used up 11 of one’s 12 lives.

The wide-bodied jumbo aircraft would drop down into a long fjord that was usually shrouded in fog or mist.  The nervous passenger would see nothing but cloud.  Suddenly, the aircraft would break out of the thick cloud cover right over the airport.

Jeffrey Epstein’s lawyers say they are NOT SATISFIED with the coroner’s conclusion that he hanged himself, question why there’s still no surveillance footage of his final hours

by Emily Crane, Daily Mail:

….and slam the ‘medieval conditions’ inside the Manhattan jail

  • Jeffrey Epstein’s prison death was officially ruled a suicide by hanging on Friday 
  • The medical examiner’s office said an autopsy and other evidence confirmed he hanged himself in his cell at the Metropolitan Correctional Center last week 
  • Three of Epstein’s lawyers have announced that they will launch their own ‘independent and complete investigation’ into their clients death 
  • Epstein was found with several broken bones in his neck leading to initial speculation that his death could have been a homicide 
  • Conspiracy theories continue to swirl almost a week after his body was found 
  • His death prompted outrage and disbelief over how such a high-profile prisoner could have been left without surveillance at the federal facility
  • Epstein, known for socializing with the likes of Donald Trump and Bill Clinton, was awaiting trial on sex trafficking charges involving underage girls 

Keiser Report: Can US Rates Go Negative? (E1424)

from RT:

In the second half, Max talks to Karl Denninger of about negative yields, long duration bonds, and what the future looks like with both in hand.

PATRICK LAWRENCE: Hong Kong’s Inevitable Showdown

by Patrick Lawrence, Consortium News:

This reckoning with Beijing’s authority was baked into the cake 22 years ago when the Union Jack came down over Government House.

It is impossible not to admire the bravery and commitment pro-democracy demonstrators display daily as they clog Hong Kong streets, shut down its airport, and disrupt the territory’s beating heart in Central, the commercial and financial district. But neither can one deny the tragic fate that appears near as Beijing stiffens its resolve and signals the threat of military intervention.

Till Debt Do Us Part: How and Why Russia is Dumping US Treasury Bonds

from Sputnik News:

Ever since Russia dropped out of the list of the 30 largest holders of US bonds in May 2018, it has been moving towards a gradual reduction of its investment in them.

According to newly released data by the US Department of Treasury, Russia slashed investments in US government debt by $1.2 billion to $10.848 billion in June 2019.

While it remains unclear who is buying its Treasury holdings, Moscow, once a top investor, has been steadily dumping US bonds for months now amid efforts to boost its gold reserves.

Stephen F. Cohen: Russia’s Nuclear-Powered Fear of First Strike and Political Protest in Russia

by Stephen F. Cohen, via Lew Rockwell:

Professor Stephen F. Cohen, a Nation contributing editor and professor emeritus of Russian studies at NYU and Princeton, discusses with the host of The John Batchelor Show the recent nuclear accident on a submarine in Northern Russia and the unrelated political protests in Moscow.

Cohen puts both in the historical and political context usually missing from media accounts. The first should be understood in the context of the new US-Russian nuclear arms race triggered by Washington’s unilateral withdrawal from the Anti-Ballistic Missile Treaty in 2002—and as further confirmation that the new Cold War is more dangerous than was its predecessor.

Conversation – Alasdair Macleod of GoldMoney

by Turd Ferguson, TF Metals Report:

Yes, I realize that it’s Friday but this week’s schedule is such that this podcast could not be posted on Thursday. Additionally, this discussion with Alasdair is so valuable that I wanted to post it at the top of the TFMR homepage and leave it there all weekend.

My purpose in reaching out to my old friend, Alasdair, was to discuss these two recent research pieces. As gold and silver are progressing higher in our 2010+9 scenario (, it’s important to consider the potential ramifications of both:

Click HERE to listen