Tag Archives: History Repeating

Ron Paul, The New Militarism: Who Profits?

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“NATO, which I believe should have been shut down after the Cold War ended, is also getting its own massively expensive upgrade. The Alliance commissioned a new headquarters building in Brussels, Belgium, in 2010, which is supposed to be completed in 2016. The building looks like a hideous claw, and the final cost – if it is ever finished – will be well over one billion dollars. That is more than twice what was originally budgeted. What a boondoggle! Is it any surprise that NATO bureaucrats and generals continuously try to terrify us with tales of the new Russian threat? They need to justify their expansion plans!  So who is the real enemy? The Russians?  No, the real enemy is the taxpayer.”

http://www.ronpaulinstitute.org/archives/featured-articles/2015/april/12/the-new-militarism-who-profits/

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Paul Rosenberg: ‘Production Versus Plunder’, Part 2

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“A zero-sum assumption is that there is a fixed pool of any specific good and that in order for you to have more, someone else has to accept less. This is the essence of the common slogan, ‘there are only so many pieces of pie.’ If you want an extra slice, someone else has to accept one less. A positive-sum assumption, on the other hand, assumes that the pool of assets can be expanded. In other words, if there are not enough slices of pie for your liking, you can make a new pie for yourself. The important thing about zero-sum and positive-sum assumptions is that they form a mental pattern, an analysis program in our brains, coloring wide areas of thought.”

http://www.thedailybell.com/editorials/36225/Paul-Rosenberg-Production-Versus-Plunder–Part-2/

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Venezuela Runs Out of Toilet Paper, Achieves True Socialism

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“Venezuela’s product shortages have become so severe that some hotels in that country are asking guests to bring their own toilet paper and soap, a local tourism industry spokesman said on Wednesday.  Says Xinia Camacho, owner of a 20-room boutique hotel in the foothills of the Sierra Nevada national park, ‘For over a year we haven’t had toilet paper, soap, any kind of milk, coffee or sugar. So we have to tell our guests to come prepared.’  Recently, Venezuelan officials have been stopping people from transporting essential goods across the country in an effort to stem the flow of contraband. So now Camacho’s guests could potentially have their toilet paper confiscated.”

http://fee.org/blog/detail/venezuela-runs-out-of-toilet-paper-achieves-true-socialism

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Here Is Why The Fed Can’t Hike Rates By Even 0.25%

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“The next time someone asks ‘why is Yellen so terrified of even the smallest possible rate hike’, show them this chart above and explain that the Fed vividly remembers what heppened when LTCM blew up. What the Fed doesn’t want, is not one but one thousand LTCMs going off at exactly the same time in what is now the world’s most levered trade.”

http://www.zerohedge.com/news/2015-03-18/here-why-fed-cant-hike-rates-even-025

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Market Volatility Makes a Comeback

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“2015 is not even three months old yet — just 56 trading days so far in fact — and already the S&P 500 Index has risen or fallen 1 percent or more 15 times, according to Bloomberg.  While everyone is focused on when the Fed might raise interest rates, a bigger concern for me is deteriorating sales and profit growth. The financial media hasn’t latched onto this story much yet, because they’re too busy trying to handicap Janet Yellen’s next move.  But I’m keeping a watchful eye on S&P 500 profits and you should too, because if fundamental sales and earnings keep trending lower, that could mean more downside volatility ahead for stocks.”

http://www.moneyandmarkets.com/market-volatility-makes-comeback-70373

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Four-month deal reached between Greece, creditors

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“European finance ministers came to the agreement Friday as failure to reach a deal threatened Greece’s solvency. The extension will give Greece time to negotiate a follow-up arrangement with creditors as it attempts to undertake fiscal reforms.  The extension is contingent on reforms, which Greek officials and Europe will agree on by the end of April. Greece will present a list of reforms by Monday, Dijsselbloem said. The deal will be ratified when creditors are satisfied with reforms.  A euro zone fund for Greek bank recapitalization will remain available throughout the extension, Dijsselbloem added.”

http://www.cnbc.com/id/102441980

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TSA Demands Internal Passport for Domestic Travel

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“Precedents exist for requiring citizens to produce special ID for domestic travel; they include Nazi Germany, apartheid South Africa and Russia (both Imperial and Soviet). Over the Christmas season, the Transportation Security Administration (TSA) quietly announced that America was walking down that path. By 2016, all domestic air travel will require either a traditional passport or a federally-compliant ID card called ‘Real ID.’  State driver’s licenses will no longer allow Americans access to domestic flights, as they do now. Real ID will constitute an internal passport.”

https://www.dollarvigilante.com/blog/2015/2/9/tsa-demands-internal-passport-for-domestic-travel.html

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U.S. cops stock up on radars that can see through walls

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“According to USA Today, at least 50 law enforcement agencies in the US, including the FBI and the US Marshals, have been stocking up on handheld radars for the past two years. The product they use is called Range-R (pictured above) manufactured by L-3 Communications, which is powerful enough to detect movement and even breathing within 50 feet, even behind one-foot thick walls of concrete. It also sees through wood, glass, dirt and most other materials used for walls — except metal, that is. Plus, since the device has a 160-degree field of view, it only takes a few seconds to scan a house or any other location.”

http://www.engadget.com/2015/01/23/fbi-us-marshals-range-r-radar/

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Greece Offers New Bailout Plan as Latest Grexit Drama Commences

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“We begin to see a pattern here. As always, we are led to believe the crisis is unavoidable and the horror is about to descend. And then at the last minute, or even after the last minute, the bureaucrats somehow manage to resolve their differences. Some government leader or other is proclaimed a hero and the mainstream media rejoices. This seems like a movie we’ve seen before. These constant cliff-hangers are part and parcel of the negotiating process. The contentiousness is necessary to ensure that all eyes are on Brussels and everyone gets the message that if you work in a government job, the fate of millions may hang on your actions and statements.”

http://www.thedailybell.com/news-analysis/36078/Greece-Offers-New-Bailout-Plan-as-Latest-Grexit-Drama-Commences/?uuid=6F7EFAA8-5056-9627-3C97350BFC837212

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The World’s Central Banks Blink

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“More than six years after the onset of the Global Financial Crisis, central banks are being forced to fight a sudden battle against disinflation amid the ongoing silent war against deflation.  Over the past couple of weeks, a number of central banks have shifted to a dovish stance on the future direction of interest rates, if not outright monetary easing.  Although the slowing global economy is the primary factor behind their about-face in policymaking, the collapse in crude oil prices along with anticipation of other central banks’ future moves is what’s driven their timing.  Many of these moves have caught a lot of people, including traders, economists and other financial experts, by surprise.”

http://www.investingdaily.com/22052/the-worlds-central-banks-blink-2/

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