Submitted by Dr. Paul Craig Roberts – Institute for Public Economy
Washington and its French vassal have refined how they conduct their false flag operations. With the Charlie Hebdo operation, they knew to immediately set the story in stone in order to avoid any questions from the print and TV media and in order to use the set story to take the place of an investigation.
The set story made it unnecessary to explain the mysterious “suicide” of one of the main police investigators while engaged in the investigation of the event. The set story also made it unnecessary to explain why it was necessary to kill rather than capture the alleged perpetrators, or to explain how the French authorities could be so wrong about the alleged get-away-driver but not about the two gunmen. There has been no explanation why the authorities believed there was a get-away-driver, and no such driver has been captured or killed. Indeed, there are many unanswered questions of no interest to any media except the alternative Internet media.
What the US and France learned from the Charlie Hebdo skepticism on the Internet is to keep the story flowing. Charlie Hebdo involved two scenes of violence, and the connection between the two acts of terrorism was vague. This time there were several scenes of violence, and they were better connected in the story.
More importantly, the story was followed quickly by more drama, such as the pursuit of a suspected perpetrator into Belgium, a French bombing attack on the Islamic State, a French aircraft carrier sent to the Middle East, a declaration of war by the French President against ISIL, and speculation that Hollande, pressured by Washington, will invoke NATO’s Article V, which will pull NATO into an invasion of the Islamic State. By superceding each event with a new one, the public’s attention is shifted away from the attack itself and the interests served by the attack. Already the attack itself is old news. The public’s attention has been led elsewhere. How soon will NATO have boots on the ground? Continue reading
Submitted by Raúl Ilargi Meijer – The Automatic Earth
9/11, 3/11, 7/7, 11/13 = New York, Madrid, London, Paris
Better to wait a day before writing, after a night like that. What does one write after such a night anyway? And why write anything at all if you can be dead sure to always antagonize some one on some side of some spectrum, ideological or not, no matter what you write, unless you tag some safe official line, and even then, or especially then?
Better to soak in what the official media have to say, or so one might think. After all, they got all the resources and the reporters and the analysts and -access to- the politicians, and most of all the attention of the people.
Unfortunately, all that firepower -pun intended- is used only to tag official lines. To provide air space to ‘leaders’ who profess their utmost grief and sadness and anger and solidarity over barbarous criminal “acts of war” that they swear will be avenged with all the power they have. It’s so predictable it’s like all of their spin doctors have been sent on a Caribbean holiday at the same time, and together.
Still, it also doesn’t seem very appropriate to address the economic issues we usually talk about, at least not at first glance. Respect for victims and families must come first, that is a given. Then again, it does seem appropriate, out of that very same respect, to get to the bottom of what’s behind these attacks that will at final count leave perhaps 200 people dead on what started as a nice and balmy autumn evening in the city of lights. And the politicians’ truisms and platitudes don’t exactly help.
But how does one go about that truth finding? French President Hollande declared eerily early in the ‘game’ he was sure ISIS is behind the tragedy, and ISIS statements seem to confirm that conclusion. But what is ISIS? And where does it come from? Continue reading
Submitted by Jeffrey Snider – Alhambra Investment Partners
To say that the “dollar” is a mess to begin the week is to state the obvious. The condition left at Friday’s close has persisted, with commodities and such being sold heavily from the outset. Japan’s renewed “recession” (I use quotes only in the conventional sense, given that the Japanese economy never truly left) hasn’t helped in that regard, but more so in the growing unease that the idea of “stimulus” is finally being revealed otherwise. In short, the world is economically and financially dangerous and there truly isn’t anything that may rescue the course.
I think that much is being conveyed by the eurodollar curve to start with. Going back to the October FOMC “hawkishness”, eurodollar futures have, on their face, struck back from the highly destabilizing sustained bid in price (shriveling the curve) if only for a few weeks. Money markets still feel impelled to account for the possibility that the Fed can or may raise rates. However, even as the front of the curve was pushed up by at least the threat of policy, the back end remained flat if not significantly flatter for the effort.
In the past few days, the infatuation with “hawkishness” has run, possibly, its inevitable course as a countertrend appears in the works. Remarkably, the curve has only grown flatter in tandem. The June 2017 to June 2020 calendar spread was about 126 bps at the “dovish” FOMC meeting, and 120 bps at the awful September payrolls on October 2. By November 6, through all the supposed brightening and the switch in FOMC perceptions, that same calendar spread has fallen further to just 110 bps and is still at 110 bps this morning.
Submitted by James Howard Kunstler – www.kunstler.com
I’m not persuaded that world opinion will ever “make sense” of the Paris attacks. The non-linear rules the day. So-called Fourth Generation Warfare works because there are so many small arms loose in the world and any band of maniacs with a few machine guns and a pound of Semtex plastic explosive can create the equivalent of a war zone in a given locality.
As for the French military, the obvious first move was to bomb the ISIS “stronghold” of Raqqa. But haven’t the US and Russian air forces been doing exactly that for some time now? Either they’ve already bombed the place and everything in it to gravel, or air power is not what it’s cracked up to be — and we have plenty of reason to believe the latter after a decade of selectively pounding jihadists from Afgahnistan to Libya with nothing to show for it except a refugee crisis.
One thing seems assured: hard-line governments are coming soon. Politically, the West had boundary problems that go way beyond the question of national borders to the core psychology of modern liberalism. When is enough of anything enough? And then, what are you really willing to do about it? The answer lately among the Western societies is to do little and do it slowly.
The behavior of college administrators and faculties in the USA these days is emblematic of this cowardly dithering. Intellectual despotism reigns on campus and the university presidents roll over like possums. They don’t have the moral strength to defend free speech as the campus witch-hunts ramp up. The result will be first the intellectual death of their institutions (brain death), and then the actual death of college per se as a plausible route to personal socioeconomic development. The financial racketeering that has infected higher education — the engineering of the gargantuan college loan scam in tandem with the multiplication of “diversity” deanships and tuition inflation — pretty much guarantees an implosion of that system. Continue reading
Submitted by William Bonner, Chairman – Bonner & Partners
Woe, Deceit, and Conceit
The Dow fell 254 points on Thursday… or 1.4%. Investors were reportedly out of sorts about lower commodity prices and the threat of higher rates from the Fed. The first concern is real; as for the second… investors need not bother.
Woe is us! Assorted heirs trying their best not to let on they are thinking about the will
Painting by Jean-Baptiste Greuze
If the Fed raises the short-term interest rates next month, it will do so only as a token. And it will continue doing so only as long as it has no negative effect on asset prices. Higher rates, in other words, will only happen as long as – and only insofar as – they are irrelevant.
Should higher rates begin to do the work of tightening credit, as they are supposed to, the Fed will back off and fly to the aid of Wall Street and fellow bankers coast to coast.
They have rigged the system to function on fraudulently low interest rates; now the fraud has gotten into its bones. The economy – especially the Wall Street economy – depends on cheap money. It will fall in a heap without it.
All of which will probably happen anyway – but despite the Fed, not because of it. Commodity prices are another matter…
“Fresh wave of selling engulfs oil and metals markets,” proclaims the top headline in this morning’s Financial Times. Copper has reached a six-year low, the paper tells us. Behind the falling commodities is a big story, a real story… something the feds don’t control. Continue reading
Submitted by Dr. Paul Craig Roberts – Institute for Public Economy
In my recent writings I have explained the many agendas served by the false flag Paris attack. I also predicted that other countries would follow France’s lead in closing their borders, thus dispossessing the dissenting political parties of their issue and preserving the political power and control of the European establishment. Germany is now moving in the direction of repulsing refugees:https://www.rt.com/news/322208-paris-attacks-german-policy/
Discussing the situation today with a friend brought to mind another benefit to the establishment of the Paris attack. Donald Trump and Bernie Sanders, who were on the verge of taking the presidential nominations away from the establishment, have had their momentum disrupted by the Paris attack. By the time the Paris attack and all that will come in its wake run their course—new military measures against ISIL, Western intervention without Syrian government approval, PATRIOT Acts for European countries, and possibly a new and more draconian PATRIOT Act for the US, increased association of dissent with ISIL terrorism—Trump and Sanders will no longer command attention. Pushed aside, they will not regain the limelight.
Just as with 9/11, Charlie Hebdo and the Boston Marathon Bombing, the media was scripted with the story and ready to go the minute the happening was reported. There is no investigation, no questioning, just the media moving in lockstep with the scripted official story. Again the perpetrators conveniently leave their ID. Again the attack coincides with an official drill of the attack. No matter how transparent the false flag attack and the agendas served by it, patriotism whipped to a frenzy blinds people to the reality.
Submitted by Mark O’Byrne – GoldCore
– “Future is uncertain and gold is the most effective insurance against that”
– As fears grow about outlook for global economy – long term attraction of gold remains
– As “central banks race to devalue currency,” private individuals are buying record amounts of gold
– “Gold is simply the best insurance against inflation, or deflation”
Editor’s Note: The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high. These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold
The price of gold might be falling, but private individuals are buying record amounts of the precious metal, and as fears grow about the outlook for the global economy the long term attraction of gold remains according to John Ficenec in The Telegraphtoday.
UK Gold Sovereigns
The strength of the US dollar and the threat from rising interest rates have made it a tough year for gold. The yellow metal was down 9 percent last week to reach a five-year low at $1,083, and that marks a 43 percent fall from the all-time high of $1,900 reached in 2011.
However, the fundamentals, characteristics and attractions of gold are undiminished because we remain in times of extreme intervention by governments around the world and for thousands of years gold has been the best insurance during times of uncertainty. Continue reading
Submitted by Raúl Ilargi Meijer – The Automatic Earth