Paul Craig Roberts: Lawlessness Is The New Normal

"Europe headlines are that 'NSA surveillance threatens the EU free trade deal' and 'Merkel demands explanations.' The protests are the necessary public posturing of puppets and will be regarded as such by Washington. The French government says the trade talks should be temporarily suspended 'for a couple of weeks to avoid any controversy.' However, the German government says, 'We want this free trade agreement and we want to start the talks now.' In other words, what Merkel describes as 'unacceptable Cold War-style behavior' is acceptable as long as Germany gets the free trade agreement." Continue reading

Continue ReadingPaul Craig Roberts: Lawlessness Is The New Normal

Military Plans to Maintain Power in Egypt after Coup

"Behind the scenes, the military, led by General Abdel-Fattah el-Sissi, plans to continue running the show. Since it took power in a coup in 1952, the military has remained the most important political player in Egypt. Neither Mubarak's fall in 2011, nor the short rule by Morsi, a member of the Muslim Brotherhood, have changed this. At 58, el-Sissi is the country's youngest general. He has never fought in a war, and only knows about conflicts with Israel from the stories of others. He belongs to a generation that was invited to receive military training in the West. In 1992 he was in Britain, and in 2006, the United States." Continue reading

Continue ReadingMilitary Plans to Maintain Power in Egypt after Coup

Snowden leaks now threaten U.S.-EU cooperation on travel, financial data

"The European Union is threatening to suspend two agreements granting the United States access to European financial and travel data unless Washington shows it is respecting EU rules on data privacy. Struck in the wake of the September 11, 2001 attacks and regarded by Washington as important tools in the fight against terrorism, the Terrorist Finance Tracking Program (TFTP) provides the U.S. Treasury with data stored in Europe on international financial transfers, and the Passenger Name Record agreement covers data provided by passengers when booking tickets and checking in for flights. All such information is passed to Homeland Security." Continue reading

Continue ReadingSnowden leaks now threaten U.S.-EU cooperation on travel, financial data

Detlev Schlichter: Forward Guidance? – Nonsense! Central bankers have no choice.

"This was the first policy meeting under new Bank of England governor Mark Carney, the ‘most talented central banker of his generation’ to some, the most overpaid bureaucrat in the world to others. But credit where credit is due. Carney is a marketing genius. Not only when it comes to marketing himself, but also when it comes to selling policy paralysis as strategy. Never before has the phrase 'What can we do? We can only stick to what we have done for years.', so effectively been presented as at the BoE’s press conference yesterday. It is now called ‘guidance’, and it evidently requires a specific skill-set." Continue reading

Continue ReadingDetlev Schlichter: Forward Guidance? – Nonsense! Central bankers have no choice.

Campaign to Salvage Central Banking

"LeBor himself rehearses the history of the BIS in this interview and points out how it probably should have been shut down several times. Certainly after World War II it should have been shut down because the leadership engaged in communication with Germany's wartime corporate cartels. These cartels were specifically assured that their profits would be protected if they cooperated with the BIS and other allied authorities. It was a secret deal that would have caused immense outrage in Britain and the US if publicized. It never was. The BIS is obviously more than the 'bank of banks.' It is a command-and-control mechanism for the entire globalist machinery of finance." Continue reading

Continue ReadingCampaign to Salvage Central Banking

US’s Man ElBaradei May Head Egypt

"So perhaps it will be ElBaradei after all ... He's been waiting in the wings and the failure of the Muslim Brotherhood's regime may now bring him to the fore. It also became clear to us over time that the West's surreptitious efforts in the Middle East were emplacing Islamic regimes. This became evident and obvious in Tunisia, The Ivory Coast, Libya, etc. But for whatever reason, Mohammed Mursi didn't work out. Now perhaps a technocrat will enter. ElBaradei is in favor of installing a US$5 billion IMF package, with its attendant austerity, according to this Reuters article. Was this the reason for Mursi's ouster? His lack of cooperation with the IMF?" Continue reading

Continue ReadingUS’s Man ElBaradei May Head Egypt

German Chancellor Angela Merkel says no country will have to leave eurozone

"Pushing her message of the need for greater fiscal discipline, structural reform and strengthened competitiveness, she said: 'All of us have to jointly become better, and for that we need European unity.' Merkel, who faces elections on September 22 in Europe’s biggest economy, has long championed fiscal discipline that has forced painful spending cuts in countries such as Greece and Spain. More recently she has focussed on the need to help the victims of the crisis, almost six million jobless under-25-year-olds, and repeatedly said that 'Germany will only do well if Europe does well'." Continue reading

Continue ReadingGerman Chancellor Angela Merkel says no country will have to leave eurozone

French and British Spying Rivals NSA’s

"Reports are now getting out that the French government and the British government both run data-monitoring programs that involve spying as comprehensive as NSA’s. But this is not getting as much attention, because they have not had leakers with stolen documents that prove this. The protests of European governments against NSA spying on their people turns out to be turf war. The government’s politicians resent the fact that the NSA has invaded their turf. Only domestic spies are allowed to spy on domestic populations in European countries. Privacy is a thing of the past all over the world. The cost of spying on us keeps falling." Continue reading

Continue ReadingFrench and British Spying Rivals NSA’s

Ascension of Central Banker Carney Continues to Instruct Us

"We've been chronicling the arrival of the 'most powerful' central banker of his era, the new head of the Bank of England, Mark Carney. The grand chambers in which they meet, the relentless coverage of even the most insignificant remark, the fawning photo-ops ... all contribute to an air of inevitability and 'business as usual' when it comes to the modern monetary process. What have we learned of late? That Carney took the 'tube' to work on his first day on the job and that he was an hour early. And now we learn that one of Mark Carney's very first acts is to figure out how to place an additional woman's likeness on a British bank note." Continue reading

Continue ReadingAscension of Central Banker Carney Continues to Instruct Us

France and Germany eat their words on US trade talks

"France and Germany have backed down on threats to suspend US trade talks, after the US offered to set up more 'working groups' on data protection. EU leaders meeting in Berlin on Wednesday (3 July) for a summit on youth unemployment said the US trade negotiations will start next week as planned. French President Francois Hollande's spokesman had said on Wednesday morning the talks should be put on hold until the US fully clarifies if it is snooping on EU citizens and bugging EU offices in Brussels, New York and Washington. But on Wednesday evening Hollande said the US offer on extra working groups is good enough." Continue reading

Continue ReadingFrance and Germany eat their words on US trade talks