Sunday, August 18, 2019

Why Wall Street Should Be Viewed as a Major National Threat

by Pam Martens and Russ Martens, Wall Street On Parade:
The day before the 4th of July, when most Americans were hustling about preparing for family barbecues, the New York Times finally decided to publish an editorial warning about Wall Street’s potential threat to the nation. Unfortunately, it did so with the kind of timidity we see regularly from cowed or compromised Wall Street banking regulators. The editorial writers noted that: “It’s entirely possible that the system is more fragile than the Fed’s stress tests indicate,” and they called for “heightened vigilance of derivatives in particular” without providing any detailed data.

A more accurate assessment of the situation would have been this: There is only one industry in the United States that has twice in a period of less than 100 years brought about a devastating economic crisis in the country. Wild speculation coupled with poor regulation of mega Wall Street banks brought about the Great Depression in the 1930s, leading to massive job losses, bank failures, poverty and economic misery for tens of millions of innocent Americans. The precise same combination of wild speculation and crony regulators created the Wall Street crash of 2008, throwing millions of Americans into unemployment and foreclosure while creating obscene bailouts and bonuses for bankers, and leaving the U.S. with such a low economic growth rate to this day that many Americans feel they are still living in the Great Recession.

What Real Independence Looks Like

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by Nick Giambruno, International Man:
Every July 4, Americans have less independence to celebrate.

The country’s original principles preserved a certain degree of independence for the individual. But today, the US only pays lip service to those ideals.

In light of Independence Day, I think we should consider an important question:

What does real independence look like, and how can you achieve it?

Two Top Vatican Officials Charged For Sex Crimes

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by Aaron Kesel, Activist Post:
The Vatican is being rocked by scandals; two high-ranking members of the congregation have been arrested for lewd crimes including one alleged to have sexually assaulted children.

The Pope’s chief financial adviser, Cardinal George Pell, and another unknown top priest have been arrested. Pell stands accused of possession of child pornography and the unknown priest is accused of hosting a drug fueled sex orgy party.

Last month, Pell, one of Australia’s most senior Catholics, was charged with multiple counts of “historical” sexual assault offenses according to police, the Independent reported.

Mexico Just Beat the U.S. to Legalizing Medical Marijuana

by Julie Fidler, Natural Society:
These days, when Mexico and the United States are mentioned in the same sentence, it usually has something to do with President Trump building a wall. So it’s a little bit ironic that Mexico beat the U.S. to tearing down the wall between its citizens and access to legal medical marijuana. On June 21, 2017, Mexican President Enrique Peña Nieto signed a decree legalizing medical cannabis in the country, with the strong support of the nation’s Lower House of Congress. [1]

There’s just this…one…little…pesky detail: only products with 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} THC or lower will be permitted. That’s just slightly less than some of the 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}+ THC products some of the legal medical cannabis dispensaries in America offer. Heh. Even so, the decree classified the psychoactive ingredient as “therapeutic.” [1] [2]

In the declaration, Nieto called on the Ministry of Health to draft and implement regulations and public policies regarding “the medicinal use of pharmacological derivatives of cannabis sativa, indica, and Americana or marijuana, including tetrahydrocannabinol its isomers, and stereo-chemical variants, as well as how to regulate the research and national production of them.” [2]

Buy Gold Near $1,200 “As Insurance” – UBS Wealth

by Mark O’Byrne, Gold Core:
– Buy gold near $1,200 “as insurance” – UBS Wealth
– UBS believe investors should take advantage of gold’s first monthly decline
– “We like the insurance qualities for gold” on uncertainty
– Strong demand, weak output and low dollar to support
– Warning as North Korea tests intercontinental ballistic missile
– Launch of ICBCM is a “new escalation of the threat” and revives geo-political risks
– Syria, Qatar, Saudi, Israel, Iran risks mean Middle East remains powder keg
– Academic research points to gold’s role as a safe haven
– Gold as Safe Haven a must read for investors

How “Nothing to Hide” Leads to “Nowhere to Hide” – Why Privacy Matters in an Age of Tech Totalitarianism

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from The Daily Bell:
Would you allow a government official into your bedroom on your honeymoon? Or let your mother-in-law hear and record every conversation that takes place in your home or car – especially disagreements with your husband or wife? Would you let a stranger sit in on your children’s playdates so that he could better understand how to entice them with candy or a doll?

Guess what? If you bring your phone with you everywhere, or engage with a whole-house robo helper such as Alexa or Echo or Siri or Google, you’re opening up every aspect of your life to government officials, snooping (possibly criminal) hackers, and advertisers targeting you, your spouse and your children.

The following is not a screed against technology. But it is a plea to consider what we’re giving up when we hand over privacy, wholesale, to people whom we can neither see nor hear… people whose motives we cannot fathom.

CNN Rocked by Huge Backlash After it Blackmails Creator of Trump/CNN Meme

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by Paul Joseph Watson, Infowars:
CNN is reeling from a huge backlash after the news organization was accused of blackmailing the creator of the infamous Trump-CNN wrestling meme by threatening to reveal his identity.

The mainstream media thought it had scored a victory when it was discovered that the original creator of the meme had previously posted racist content. However, the individual, know by his handle ‘HanAssholeSolo’, has if anything been turned into a martyr.

The controversy erupted when CNN’s Andrew Kaczynski bragged that CNN had refrained from publishing HanAssholeSolo’s real name because he had “issued an extensive statement of apology,” showed remorse and promised not to make fun of CNN again.

Italy Openly Discusses Euro Exit in Parliament: Debt Restructuring or “Italeave” on the Way?

by Mish Shedlock, Mish Talk:
In Europe, where it is essentially taboo to publicly discuss anything deemed politically incorrect, some interesting conversations are taking place in the Italian parliament regarding the future of Italy in the eurozone.

Via email, Eurointelligence asks Is Italy heading for debt restructuring or euro exit?

We are reporting from an important conference in Rome yesterday that has caught the Italian news headlines this morning – on the future of Italian public debt. It was organized by the Five Star Movement, held in the Italian chamber of deputies, and openly discussed issues such default mechanism inside the eurozone, sovereign debt restructuring mechanisms, parallel payment systems, and of course euro exit.

The Truth About North Korea: It’s Booming

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by Alexander Mercouris, The Duran:
As North Korea tests another long range missile reports from North Korea confirm that far from being in crisis its economy is in the midst of a boom.

Both the US and Russia say that the Hwasong-14 missile which was launched today is of intermediate range, and is not as North Korea claims an intercontinental ballistic missile (“ICBM”). It seems that whilst the missile can cover all of Alaska it does not have the range to reach the rest of the continental United States.

Though this is almost certainly true – and is in accord both with what Chinese and Russians specialists say about the North Korean ballistic missile programme – the fact that the very first test of such a powerful and sophisticated missile appears to have been completely successful highlights North Korea’s growing mastery of ballistic missile technology.