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Read more about the article Coddingtons Corner: From Nuisance to Threat – The High Cost of Truth by Paul Craig Roberts

Coddingtons Corner: From Nuisance to Threat – The High Cost of Truth by Paul Craig Roberts

I am convinced that the US, and probably the entire Western world, that is, the American Empire, has entered an era in which respect for truth does not exist in public and private institutions. We have been watching this develop for some time. Think, for example, back to August 3, 2002, a recent time in terms of our present predicament, but a time prior to political consciousness of anyone younger today than 33 years old. In the summer of 2002, the world was being prepared by propaganda for a US invasion of Iraq. On August 3 of that year, the prestigious British publication, The Economist, summed up the consensus of ruling opinion in two sentences: “The honest choices now are to give up and give in, or to remove Mr. Hussein before he gets his [nuclear] bomb. Painful as it is, our vote is for war.” As Lewis Lapham, myself and others asked at the time, what bomb? Read more via source post:

From Nuisance to Threat: The High Cost of Truth
 • MARCH 16, 2017
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Why You Shouldn’t Write Off BitCoin Just Yet

"BitCoin poses a pretty substantial challenge to business people: it requires sufficient understanding of computer science to appreciate its elegance and idiosyncrasies but, perhaps more importantly, it requires a sufficient understanding of finance to appreciate it vis a vis other fiat currencies and gold. Despite this complexity, business leaders are pressured to take a stance on this fledgling techno-currency. Most have chosen the safe approach writing it off as the latest Ponzi scheme with some even arguing that it will be the largest bubble burst in the history of Ponzi bubbles. I’m afraid I’m not so sure… And here’s why." Continue reading →

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ECB Warning: More Directed History

"The idea that the ECB and the Fed are going to begin to quarrel or pursue separate policies is a ludicrous one. Yet we are being asked to believe it. These people never let a good crisis go to waste. Part of the point of the lingering EU credit crunch is to create a necessity for a deeper union, monetarily and politically. ECB pols have said as much. The goal of ECB bureaucrats is to further paste together the fraying EU and its even sicker euro currency. At this point, this policy is being pursued in direct defiance of EU citizens who have voted continuously, when they can, against a deeper union of any sort. There are no rogue central banks. Everyone has a part to play." Continue reading →

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The Aden Sisters on Gold, Commodities and Near-Term Market Prospects

"We spoke a lot about gold and silver with the Aden sisters here because they are known in part for their precious metals insights. But it is interesting to see that they have 50 percent of their assets in the stock market itself and believe the market could continue its rise. We do, too. There will be no significant tapering, from what we can tell. Janet Yellen, the next Fed head, has expressed a determination to continue stimulation until the job picture brightens (which likely will never really happen). In England, Mark Carney - the Carney barker - has indicated via forward guidance that the BOE continues aggressive monetary stimulation." Continue reading →

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Leaked Docs: Dutch Rabobank Blocked Bitcoin for ‘Ethical Reasons’

"Rabobank, the Netherlands’ third-largest retail bank by market share,blocked its customers’ transfers to bitcoin exchanges for ‘ethical reasons’, according to several first-hand customer reports and bank documents leaked to Dutch news sites. When questioned about the blocks, Rabobank apparently told some customers there were 'technical problems' with the transfer, but told others the bank’s own internal Ethics Commission had ruled to disallow bitcoin trading. The documents went on to recommend customers engaging in bitcoin trading be labeled as having a 'higher risk profile' in general." Continue reading →

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US Regulators: the World’s Bitcoin Police?

"It’s clear that some of the top cops in the United States aspire to regulate virtual currencies on a global scale. A series of meetings took place last week in response to the criminal activities lawmakers have witnessed using distributed money such as bitcoin. What does this mean for those starting bitcoin-based businesses in the US? And what impact will this have on virtual currencies in the global economy?" Continue reading →

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“Everyone Is Holding Cash; They Know When It Ends It’s Gonna Get Ugly”

"'The Fed is playing a very dangerous game,' Starwood Capital's Barry Sternlicht warns,'and they need to stop.' Sternlicht has quadrupled his firm's net worth in this time and, to the incredulity of the CNBC anchors, warns, 'this is bad, this is a heroine addiction.. and now they are printing more money than the deficit.' The outspoken CEO of the $29 billion fund, noted 'all my friends who are money managers.. are much closer to the sell button than they ever were before,' adding that 'everyone's holding cash,' since if they start to get nervous 'volatility will come back instantly.' Simply put, he concludes, 'you know when this ends, it's gonna get ugly.'" Continue reading →

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Ron Paul: Fed’s Yellen Dangerous For The Economy

"What does former U.S. congressman Dr. Ron Paul think about Janet Yellen as the Fed Chair? Kitco News caught up with Paul at the Metals & Minerals Conference in San Francisco, where he is a keynote speaker, to discuss monetary policy, gold and the US dollar. 'It's easy to be a critic if you don't believe they should exist,' Paul says in response to his criticisms of the Fed. Having Yellen as the next chair, Paul says not much will change. 'If anything, it'll be slightly worse because she is a very aggressive inflator...I think she'll be dangerous to the dollar and she will not revive the economy.'" Continue reading →

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Banks Warn Fed They May Have To Start Charging Depositors

"A less discussed issue was the Fed's comment that it would consider lowering the Interest on Excess Reserves to zero as a means to offset the implied tightening that would result from the reduction in the monthly flow once QE entered its terminal phase (for however briefly before the plunge in the S&P led to the Untaper). After all, the Fed's policy book goes, if IOER is raised to tighten conditions, easing it to zero, or negative, should offset 'tightening financial conditions', right? Wrong. As the FT reports leading US banks have warned the Fed that should it lower IOER, they would be forced to start charging depositors." Continue reading →

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