History Repeating

New York Times Tells Truth About Syria; Neo-Cons Unfazed

"'Nowhere in rebel-controlled Syria is there a secular fighting force to speak of.' The conclusion to this revelation is not, unfortunately, 'stop arming the non-existent secularists.' Steven Heydemann at the Orwellian war-promoting United States Institute of Peace sums up the view, as quoted in the Times story: 'The challenge, he said, is to end the conflict before the opportunity to create a system of governance not based on militant Islamic law is lost.' In other words, the United States Institute of Peace, in its appropriately post-apocalyptic mega-church looking $183 million dollar new building, urges the US to change the regime in Syria as quickly as possible!" Continue reading →

Continue ReadingNew York Times Tells Truth About Syria; Neo-Cons Unfazed

Sheriff Bradshaw and the Palm Beach County Psihuska

"Although they were dealing with a sickly, unarmed homeless man who was not a criminal suspect, the Berserkers treated the incident as a combat situation. As they approached the encampment, Gaydos – who was holding his cell phone – stood up. Without a word of warning, he was shot twice in the head with rubber bullets. The first round damaged an ear; the second one destroyed his left eye. The assailants later tried to justify the head shots by claiming that they had seen a knife in Gaydos’s hand – but since no knife was ever recovered, this can be dismissed as a self-serving lie of the kind routinely offered by police officers after they kill or mutilate an innocent person." Continue reading →

Continue ReadingSheriff Bradshaw and the Palm Beach County Psihuska

Former Bush official: Syria chemical weapons could be ‘Israeli false flag operation’

"Col. Lawrence Wilkerson, the former chief of staff to Secretary of State Colin Powell under President George W. Bush, on Thursday warned that the chemical weapons that were reportedly used in Syria could be a 'Israeli false flag operation' because Prime Minister Benjamin Netanyahu was running an 'inept regime.' Wilkerson explained that he had been told by his sources in the intelligence community that evidence that Syria had used chemical weapons was 'really flaky' and that President Barack Obama should think twice before intervening. 'This could have been an Israeli false flag operation,' he said." Continue reading →

Continue ReadingFormer Bush official: Syria chemical weapons could be ‘Israeli false flag operation’

Bill Bonner: Fed’s QE has not created one single extra job

"Our central banks are engaged in a breathtaking program of activism. We don't know where it will lead. But, from the historical record, activism and central banking go no better together than drinking and driving. Keep it up long enough and you're bound to have an accident. But the accident hasn't happened yet. So most people have stopped worrying about it. They smell the liquor on the driver's breath. But they get on the bus anyway. The most reckless driving in central bank history...raising the footings of the US financial system by a factor of 5 times...from $800 billion to $4 trillion...and it has not resulted in one single extra job." Continue reading →

Continue ReadingBill Bonner: Fed’s QE has not created one single extra job

Pentagon considers arming Syrian rebels again

"The United States is taking a fresh look at whether to provide weapons to Syria’s rebels after having rejected the idea previously, Defense Secretary Chuck Hagel said Thursday. At a news conference with his British counterpart Philip Hammond, Hagel was asked if the US government was rethinking its opposition to arming the rebels and replied: 'Yes.' After the White House acknowledged last week that US intelligence agencies believe the Syrian regime may have used chemical weapons on a small-scale, speculation has mounted that President Barack Obama could reverse his opposition to arming the rebels." Continue reading →

Continue ReadingPentagon considers arming Syrian rebels again

David Graeber, DEBT: The First 5,000 Years [2012]

"Graeber carefully shows that everything from the ancient work of law and religion to human notions like 'guilt,' 'sin,' and 'redemption,' are deeply influenced by ancients debates about credit and debt. It is no accident that debt continues to fuel political debate, from the crippling debt crises that have gripped Greece and Ireland, to our own debate over whether to raise the debt ceiling. Debt, an incredibly captivating narrative spanning 5,000 years, puts these crises into their full context and illuminates one of the thorniest subjects in all of history." Continue reading →

Continue ReadingDavid Graeber, DEBT: The First 5,000 Years [2012]

Madness of a Stimulating Fed

"It would be nice to read a real evaluation of central banking in the modern mainstream press. But perhaps this is as close as we can expect to get. The author explains that low interest rates and money manipulation have given rise to wild economic swings and questions about the current monetary easing. In fact, he does more than question it. He actively questions the central bankers' mental health. Of course, the Fed will set off another destructive boom and bust cycle. In fact, it's already a given. The trouble with central banking is that it simply doesn't yield up rational conclusions." Continue reading →

Continue ReadingMadness of a Stimulating Fed

Is the Fed Blowing a New Housing Bubble?

"Over the past year, the Federal Reserve has ramped up its policy of quantitative easing, with the result being new stock market highs and surging bond prices. Moreover, housing prices jumped 8%, the biggest annual gain since 2006. The result is that more than a trillion dollars have been added to the market value of single-family homes. Homeowners are now wealthier and according to what economists call the 'wealth effect,' they should be willing to spend more, helping the economy. But recent data released by FHFA suggest that the increase in house prices is not being driven by a broad-based improvement in the economy's fundamentals." Continue reading →

Continue ReadingIs the Fed Blowing a New Housing Bubble?

Bubble, Bubble, Housing in Trouble

"It appears that the Fed’s zero-interest-rate and QE policies have finally achieved its insane goal of re-igniting a housing bubble. The Case-Schiller 20-City Index shows that housing prices increased by 1.2 percent in February and 9.3 percent year-over-year. All cities included in the index experienced substantial gains, which have been driven by staggeringly large increases in the bottom tier of the market. In Atlanta, bottom-tier home prices rose 36 percent year-over-year and at an annual rate of 70 percent in the past three months." Continue reading →

Continue ReadingBubble, Bubble, Housing in Trouble