History Repeating

Germany will think twice before saving France next time

"The Franco-German axis that has driven EU affairs ever since Schuman and Adenauer in the early 1950s is collapsing before our eyes. This was inevitable. Their interests have become incompatible under monetary union. The currency that was supposed to bind them is turning them into enemies, as this newspaper long warned. The latest argument gaining traction – advanced by Prof Bernd Lücke and the German eurosceptic party AfD among others – is that the only way to save the Franco-German relationship and therefore the EU is to break up the euro before it does more damage. Interesting twist." Continue reading →

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Argentina’s Mad Dash for U.S. Dollars

"If you find yourself driving through the suddenly packed condo canyons of Miami—lamenting not having bought during the property crash—shake a fist or two at the Argentines. So many of them ponied up 80 percent cash down payments on units that South Florida’s condo depression rather abruptly turned into another boom. Their thinking was defensive: Swap iffy pesos for dollars and store that value in U.S. property, out of the prying hands of the government back home. Now, with Buenos Aires finding some rather innovative ways to crack down on the flight to dollars, that spirit of capital preservation has morphed into a panic." Continue reading →

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Syrian Rebels Claim Government Using Chemical Weapons; Hagel Takes Dictation

"Syrian rebels have been entrusted by US intelligence to collect information to show that the Syrian government has used chemical weapons against its own citizens and, surprise, they have come back with the 'evidence' the warmongers have sought to satisfy rebel demands for a US attack. Secretary of Defense Chuck Hagel, in a stunning about-face, has dutifully reported back to Congress these 'findings' as fact and in so doing has shifted the US war machine from 'neutral' into 'drive'." Continue reading →

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Bill Bonner: Is the economy is weaker than we think?

"We don't like the looks of it. Advisors are too bullish. Investors are too complacent. The financial authorities are too confident. All up and down Wall Street, in central banks and in Washington, the stuff that goeth before the fall is thick, sticky, and stinky. The economy is recovering, they say. The Fed has the situation in hand, they add. Don't worry, we know what we're doing, they assure us. Barron's says the Dow is going to 16,000, illustrated with a picture of a bull on a pogo stick. Abe says he'll revive the Japanese economy with more money. And speculators take each hint from the Fed as though it were a whisper from God Himself." Continue reading →

Continue ReadingBill Bonner: Is the economy is weaker than we think?

Government Against the People: It Gets Worse In the Late Stages

"It’s a simple but disturbing truth: A late-stage state’s modus operandi must always be 'government against the people' – one that is inherently predatory. And it’s not because the participants are all sociopaths (though many are). At most times, governments try very hard to skim quietly, as with payroll taxes, where the producer’s money is taken away before he or she ever holds it in their hands. That’s also why tariffs were a traditional tax – the average person never saw it, and didn’t feel violated. But when governments are massively over-extended, they lose the luxury of the quiet skim and become more aggressive." Continue reading →

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When Homeland Security Theater goes Off-Script

"The FBI, whose chief occupation since 2002 has been the manufacture of ersatz terrorism plots, induced Tounisi into an act described as providing 'material aid' to a foreign terrorist group. If he is convicted, he will be found guilty of carrying out the Obama administration's official policy without official permission. He is not the only American presently facing the prospect of imprisonment on this charge. The administration has filed felony charges against a US Army Veteran from Arizona named Eric Harroun, who traveled to Syria to join the fight against Assad." Continue reading →

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Wall Street betting billions on single-family homes in distressed markets

"Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted in the crash, hedge funds, Wall Street investors and other institutions are crowding out individual home buyers. Real estate executives say institutional investors — who in some cases are bidding on hundreds of homes a day — account for as much as 70 percent of sales in some Florida markets. Over the past two years, analysts say, they also have accounted for a majority of purchases in other parts of the country where housing prices are rebounding sharply." Continue reading →

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Christian Bishops Kidnapped by US-Allied Syria Insurgents

"Today, Syriac Orthodox and Greek Orthodox Archbishops of Aleppo, Yohanna Ibrahim and Paul Yazigi, were kidnapped by US-allied Islamic insurgents in the village of Kfar Dael as they were 'carrying out humanitarian work'. The two high-ranking Christian bishops were outspoken in warning about the threats to the religious balance in Syria posed by the Islamist extremists who have received the weapons provided by Saudi Arabia and Qatar with US transport support via Croatia. The US-backed rebels regularly violate the sanctuaries of Christian churches in their pursuit of a Syria ruled by Sharia law." Continue reading →

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Discovery Of A 17th Century Spanish Shipwreck Yields Awesome Treasure

"A great superpower, weakened by economic calamity at home and staggering under the debt from years of war in the Middle East, finally collapses. A new political best-seller, or an apocalyptic Hollywood blockbuster? Neither — it's the story told by a 1622 shipwreck whose treasures were desperately needed to shore up the finances of the struggling Spanish Empire. The galleon Buen Jesus y Nuestra Senora del Rosario was one of 28 ships in the Tierra Firme fleet; all were sailing from the New World back to Spain, laden with colonial treasures, when they were struck by a powerful hurricane off the Florida Keys." Continue reading →

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Chechen Terrorists and the Neocons

"Rudy Giuliani pompously claimed on national TV that he was surprised about any Chechens being responsible for the Boston Marathon bombings because he’s never seen any indication that Chechen extremists harbored animosity toward the U.S.; Guiliani thought they were only focused on Russia. Giuliani knows full well how the Chechen 'terrorists' proved useful to the U.S. in keeping pressure on the Russians, much as the Afghan mujahedeen were used in the anti-Soviet war in Afghanistan from 1980 to 1989. In fact, many neocons signed up as Chechnya’s 'friends,' including former CIA Director James Woolsey." Continue reading →

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