Monthly Archives: November 2014

80% Catalans say Yes to independence in symbolic ‘referendum’

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“The Minister of Justice, Rafael Catala, on behalf of the Spanish government, defined the vote as ‘political propaganda organized by pro-independence forces.’  After Spain’s High Court ruled the independence referendum proposed by Catalan leader Artur Mas unconstitutional last month, the Madrid government has also issued a ban on the informal poll, forbidding Catalans from making any public show of support for independence.  Earlier, the Spanish Prime Minister Mariano Rajoy, stated the vote ‘will not have any effect.’  But that did not stop some 41,000 volunteers from organizing the election with over 1,300 polling centers set up for the historic vote.”

http://rt.com/news/203799-catalonia-independence-vote-spain/

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Spain Moves Military Assets Into Catalonia Before ‘Illegal’ Secession Vote

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“‘Everything is all set for Nov. 9,’ says a senior Catalan regional government official as the region prepares to defy both the central government and the country’s highest court and proceed with a much-disputed weekend vote on whether to secede from Spain. And while the Spanish government has not specified what legal consequences Catalan leaders, poll workers or voters might face Sunday, when they go to vote, The LA Times reports that Madrid has reportedly readied thousands of Civil Guard police officers to travel to Catalonia this weekend if needed.”

http://www.zerohedge.com/news/2014-11-05/spain-moves-military-assets-catalonia-ahead-weekends-illegal-secession-vote

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The Mass Shooting in Mexico

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“The US government must finally face up to its responsibility to suspend the Merida Initiative’s security aid to Mexican forces that murder their own youth.”

http://truth-out.org/news/item/27280-the-mass-shooting-in-mexico

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GOP Blames Obama for ISIS Infiltration Threat From Mexico

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“Responding to a question from Sen. John McCain, Francis Taylor, undersecretary for intelligence and analysis at the Department of Homeland Security, said on Wednesday that ISIS has discussed entering the United States at the South Texas border. ‘There have been Twitter and social media exchanges among ISIL adherents across the globe speaking about that as a possibility,’ Taylor told the Senate Homeland Security and Governmental Affairs Committee. McCain had asked about ‘recent reports on Twitter and Facebook of messages that would urge infiltration into the U.S. across our southwestern border.’ ‘Certainly any infiltration across our border would be a threat,’ Taylor said.”

http://www.newsmax.com/Newsfront/ISIS-Mexico-infiltration-southern/2014/09/11/id/594212/

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New N.C. GOP congressman endorses going to war with Mexico

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“[..] we need to utilize the National Guard as much as we can. But, I will tell you If you have foreigners who are sneaking in with drug cartels to me that is a national threat and if we got to go laser or blitz somebody with a couple of fighter jets for a little while to make our point, I don’t have a problem with that either. So yea, whatever you need to do. [..] we did it before, if we need to do it again, I don’t have a qualm about it.”

http://www.dailykos.com/story/2014/09/18/1330722/-Republican-congressional-candidate-endorses-going-to-war-with-Mexico-over-undocumented-immigrants

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Senate power shift to GOP brings sterner tone to foreign policy debate

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“The Republican takeover of the U.S. Senate will bring a tough new tone to the debate over Washington’s foreign policy, with lawmakers expected use their new clout and power over the budget to promote a more interventionist foreign policy.  Republicans plan to pressure the White House to take a tougher line on Iran, Russia and Islamic State fighters in Iraq and Syria.  Two of Washington’s most vocal foreign policy hawks, John McCain and Lindsey Graham, came in line to chair two key Senate panels. McCain, who has advocated a more robust response in both Ukraine and Syria, will lead the Senate Armed Services Committee, which oversees military policy.”

http://www.reuters.com/article/2014/11/08/us-usa-elections-congress-foreign-idUSKBN0IS0KC20141108

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Losing Velocity: QE and the Massive Speculative Carry Trade

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“The narrative of overvalued carry trades ending in collapse is one that winds through all of financial history in countries around the globe. Yet the pattern repeats because the allure of ‘reaching for yield’ is so strong. To reach for yield, regardless of price or value, is a form of myopia that not only equates yield with total return, but eventually demands the sudden and magical appearance of a crowd of greater fools in order to exit successfully. The mortgage bubble was fundamentally one enormous carry trade focused on mortgage backed securities. Currency crises around the world generally have a similar origin. At present, the high-yield debt markets and equity markets around the world are no different.”

http://www.hussmanfunds.com/wmc/wmc141103.htm

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