Thursday, October 17, 2019

The Current Nuclear Threat – Part 2, by John M.

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by John M., Survival Blog:

NORTH KOREA, SCENARIO 2

The second North Korean scenario involves China and potentially Russia. While the threat of mutually assured destruction makes a direct engagement with Russia or China unlikely, proxy wars have often been occurring. If China or Russia were to back North Korea, then it could benefit all parties against the U.S.

China and the U.S. have been political adversaries for many years, but have also been economic partners in many respects. Recent competition has escalated, despite maintaining simultaneous partnerships. China has purchased vast amounts of U.S. debt and produces exports for the U.S.. But President Trump has been accused of starting a trade war with China, causing distrust on both sides.

What to Do About the Student-Loan Fiasco: Is “Debt Forgiveness” Really the Answer?

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by Wolf Richter, Wolf Street:

The University-Corporate-Financial Complex is going to squeal.

This is the transcript from my podcast last SundayTHE WOLF STREET REPORT:

OK, I’m going to wade into this debate. And I’m going to do it with my boots on.

The student loan fiasco – the pile of debt that has ballooned to $1.6 trillion – and what to do about it – particularly how much of that student debt to forgive at the expense of taxpayers – has now entered the list of presidential campaign promises.

New York Area Fire Commissioners Call for New 9/11 Investigation

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by John Vibes, The Anti Media:

(TT) — September 11, 2001, was nearly 20 years ago, and after all this time, so many questions still remain about what exactly happened. It is not socially acceptable to question the official explanation that was given for the collapse of the towers and the other events of that day, but now these questions are being taken more seriously.

The Financialization of the US Economy

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by Wolf Richter, Wolf Street:

Services are Hopping. The #1 Biggie is Hopping the Fastest. It all adds to GDP!

Service-producing industries dominate the US economy, accounting for over 70% of GDP. And this sector is hopping. Revenues in the major services categories rose 5.3% in the second quarter of 2019, compared to the same quarter a year earlier, to $4.05 trillion, not seasonally adjusted, according to the Commerce Department’s Quarterly Selected Services Estimates released today. For the first two quarters of 2019, service revenues rose 5.5% to $8.0 trillion. The pace of growth so far this year is slightly lower than the hot 6.0% growth for the year 2018.

Negative interest rates and gold

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by Alasdair Macleod, GoldMoney:

The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar. Evidence mounts that the forthcoming recession is likely to be significant, even turning into a deep slump. Bullion bank traders are waking up to the possibility that dollar interest rates are going to zero and that pressure is likely to be put on the Fed to introduce negative rates. The laws of time preference tell us bullion banks must urgently cover their short bullion positions in anticipation of a dollar rate-induced permanent backwardation for gold, silver and across all commodities.

Explain This Please Twitter

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by Mindy Robinson, Mindy Robinson:

Read More @ Twitter.com

20 Dead, 26 Injured In El Paso Mall Attack, Shooter In Custody

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from ZeroHedge:

Summary:

  • Mass shooting at a Walmart in a mall in El Paso, Texas
  • At least 26 injured (source)
  • At least 20 dead (source) – America’s 8th deadliest mass shooting
  • One suspect in custody – 21-year-old male – Patrick Crusius (source)
  • Police do not believe there any other suspects.
  • President Trump has been briefed.

BANKERS TRIED TO RAID GOLD AGAIN AND FAILED

by Harvey Organ, Harvey Organ Blog:

GOLD UP $25.20 TO $1445.70 ALTHOUGH MOST OF THE GAINS OCCURRED YESTERDAY AFTERNOON//SILVER UP 10 CENTS TO $16.27.//BANKERS TRIED TO RAID GOLD AGAIN AND FAILED//LUKEWARM JOBS REPORT//THE ENTIRE GERMAN YIELD CURVE IN NEGATIVE TERRITORY WITH RESPECT TO YIELDS//JAPAN AND SOUTH KOREA START A TRADE WAR//MORE TENSION UPRISING IN HONG KONG WITH RUMOURS OF MARTIAL LAW ON AUGUST 4//MORE SWAMP STORIES FOR YOU TONIGHT

Tanker Seizures and the Threat to the Global Economy from Resurgent Imperialism

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by Craig Murray, Craig Murray:

The British seizure of the Iranian tanker off Gibraltar was illegal. There is no doubt of that whatsoever. The Iranian response to the seizure of its tanker in the Strait of Gibraltar, by the seizure of a British Tanker in the Strait of Hormuz, was also illegal, though more understandable as a reaction. The implications for the global economy of the collapse of the crucial international law on passage through straits would be devastating.

Baltimore’s Former Democrat Mayor Caught On Camera Complaining About ‘Rats, Dead Animals’

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by Alicia Luke, Freedom OutPost:

Democrat Baltimore mayor Catherine Pugh caught on camera complaining about ‘rats, dead animals’ last year.

Here’s the video below of Baltimore’s former Democrat Mayor Catherine Pugh doing a walk through a rundown neighborhood last year has resurfaced amid claims that President Trump’s concern over the city’s rat infestation is “racist.”

Way back in 2018, when Baltimore’s then-mayor Catherine Pugh was racist. As we learned from CNN the past two days is that people who complain about rats are a bunch of racists.