Hong Kong: Whatever is occurring in Hong Kong, it bears no relation to what is being reported about it in the Western print and TV media. These reports spin the protests as a conflict between the demand for democracy and a tyrannical Chinese government. Ming Chun Tang in the alternative media CounterPunch says that the protests are against the neoliberal economic policies that are destroying the prospects of everyone but the one percent. In other words, the protests are akin to the American
There is nothing in this world today that provides much comfort for a rational investor – in the long term. In the short term, as we have argued, this expanding Wall Street Party may provide a last chance for significant, individual investment gains. More on that below. We are told that economies are recovering – and this Telegraph article excerpt mentions that, but the main point here, one we agree with, is that sovereign debt continues to rise and has not been paid down. Eventually, the
Now that Ebola is officially in the US on an uncontrolled basis, the two questions on everyone's lips are i) who will get sick next and ii) how bad could it get? We don't know the answer to question #1 just yet, but when it comes to the second one, a press release three weeks ago from Lakeland Industries, a manufacturer and seller of a "comprehensive line of safety garments and accessories for the industrial protective clothing market" may provide some insight into just how bad the US State Department thinks it may get. Because when the US government buys 160,000 hazmat suits specifically designed against Ebola, just ahead of the worst Ebola epidemic in history making US landfall, one wonders: what do they know the we don't?
The “Occupy Central” protests in Hong Kong continue on – destabilizing the small southern Chinese island famous as an international hub for corporate-financier interests, and before that, the colonial ambitions of the British Empire. Those interests have been conspiring for years to peel the island away from Beijing after it was begrudgingly returned to China in the late 1990′s, and use it as a springboard to further destabilize mainland China.
Its fairly predictable now. A Wall Street transgression is noted and trumpeted and the call goes out for prosecutions. Often the rhetoric is accompanied by demands for additional regulatory rigor and perhaps a whole new strata of regulatory oversight. Its really a meme of sorts; the latest trigger is a tape of conversations between Goldman Sachs and New York Federal Reserve officials that seemed to indicate collusion to minimize some Goldman Sachs wrongdoings. We wrote about it here: Sad Tale
There is nothing like the release of secret tape recordings to clarify an inconclusive debate. Actually, what the tapes really show is that the Fed’s latest policy contraption - macro-prudential regulation through a financial stability committee - is just a useless exercise in CYA. Macro-pru is an impossible delusion that should not be taken seriously be sensible adults. It is not, as Janet Yellen insists, a supplementary tool to contain and remediate the unintended consequence - that is, excessive financial speculation - of the Fed’s primary drive to achieve full employment and fill the GDP bathtub to the very brim of its potential. Instead, rampant speculation, excessive leverage, phony liquidity and massive financial instability are the only real result of current Fed policy.
Exclusive: With Hollywood set to release a movie about the Contra-cocaine scandal and the destruction of journalist Gary Webb, an internal CIA report has surfaced showing how the spy agency manipulated the mainstream media’s coverage to disparage Webb and contain the scandal, reports Robert Parry.
Alan Greenspan, Gold Bug, has scuttled back into view with a typical statement – one posted at Foreign Affairs – that implies a good deal more than it explains. Greenspan has spent years, decades, dealing with the continued fallout of a famous article he wrote while under Ayn Rands influence. Entitled, Gold and Economic Freedom, this 1966 article originally ran in Rands publication The Objectivist and was reprinted in Capitalism: The Unknown Ideal. Heres an excerpt: An almost hysterical
If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system.
The US claims to be supporting democracy from Ukraine to Cuba, and from Somalia to Iraq, often by bombing the alleged opposition, or by supporting proxy wars and subversion. But one place where real democracy activists are battling against the forces of repression they are curiously getting no backing from the United States: Hong Kong.
An unprecedented look inside one of the most powerful, secretive institutions in the country. The NY Federal Reserve is supposed to monitor big banks. But when Carmen Segarra was hired, what she witnessed inside the Fed was so alarming that she got a tiny recorder and started secretly taping.
Something happened on the way to the Occupy movements apparent demise. Its gone international. Now according to Reuters, its responsible for the Hong Kong unrest taking place to protest the Chinese governments stance on more forceful Hong Kong rule. When we checked with Wikipedia – unfortunately, a good source for globalist spin – we found to our astonishment that the Occupy movement was reported to be actively engaged in dozens of countries around the world. The impression being left is