Tag Archives: History Repeating

Ivan Eland: Revealed U.S. Strategy to Battle ISIS Is Wanting

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“The United States should accept the reality that Iraq has now been effectively partitioned and recognize the autonomous governance of Sunni areas, much as the Kurds have done in northeastern Iraq. Then the Sunnis will be much less threatened by the Shi’ite central government, because it will be very weak or even non-existent. Then the Sunni tribes would have no incentive to support ISIS and thus would be more likely to turn against it—as they did before. The recognition of Iraq’s partition is the only hope for the United States to avoid escalation into another quagmire on the ground in Iraq.”

http://www.independent.org/newsroom/article.asp?id=5194

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Obama sends 1,500 more US troops to Iraq, requests $5.6 billion for war

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“President Obama has approved sending up to 1,500 additional U.S. troops to Iraq, doubling the number being deployed to help Iraqi forces fight the Islamic State.  The president also requested an additional $5.6 billion on Friday for the war against the Islamic State, in part to cover the additional deployments.  The decisions reflect a deepening U.S. involvement in the region, though the White House again stressed that U.S. personnel ‘will not be in combat,’ but rather training, advising and assisting Iraqi forces near Baghdad and Irbil.  The U.S. has been launching airstrikes on Islamic State group militants and facilities in Iraq and Syria for weeks.”

http://www.foxnews.com/politics/2014/11/08/white-house-expected-to-approve-dod-request-to-double-number-us-soldiers-in/

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John Hussman: Do the Lessons of History No Longer Apply?

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“The market has re-established overvalued, overbought, overbullish conditions that mirror some of the most precarious points in the historical record such as 1929, 1937, 1974, 1987, 2000 and 2007. That syndrome is now coupled with continued evidence of a subtle shift toward more risk-averse investor psychology, primarily reflected by internal dispersion and widening credit spreads.  [..] We’ll continue to respond as the evidence changes, but under current conditions, we view the investment environment for stocks as being among a handful of the most hostile points in history.”

http://www.hussmanfunds.com/wmc/wmc141110.htm

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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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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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The morning after: When a government destroys its currency

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“This is a familiar story that repeats across history. Despite obvious warning signs, people almost universally allow themselves to ignore reality.  It’s human nature to want to believe that everything is going to be OK. And when our political leaders whisper soothing words of hope and optimism, we take the bait.  Looking back, it was plain as day that Mexico was going to devalue the peso. Everything about the economy and currency was totally unsustainable. Deep down people knew it.  Similarly, it was plain as day that Hitler was going to decimate Poland. And people knew it.  Yet millions allowed their confidence to be misplaced in leaders who assured them that everything was OK.  Are we so different?”

http://www.sovereignman.com/trends/the-morning-after-what-happens-when-a-government-destroys-its-currency-14925/

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US Now Admits It Is Funding “Occupy Central” In Hong Kong

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“Just as the US admitted shortly after the so-called ‘Arab Spring’ began spreading chaos across the Middle East that it had fully funded, trained, and equipped both mob leaders and heavily armed terrorists years in advance, it is now admitted that the US State Department through a myriad of organizations and NGOs is behind the so-called ‘Occupy Central‘ protests in Hong Kong.  The very concept of the United States ‘promoting democracy’ is scandalous when considering it is embroiled in an invasive global surveillance scandal, guilty of prosecuting one unpopular war after another, and brutalizing and abusing its own citizens at home with militarized police.”

http://landdestroyer.blogspot.ca/2014/10/us-now-admits-it-is-funding-occupy.html

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Bill Bonner: Get Ready for QE4

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“Stocks have barely begun to correct (the S&P 500 is down about 7% from its September high) and the St. Louis Fed president is already preparing for QE4.  But where is the proof – from logic or experience – that QE pays off?  It is a shame that quack philosophers, politicians and central bankers are not subject to penalty. After all, bridge builders and hedge fund managers suffer shame and ruin when their projects fall to pieces.  Fed officials are promising more cash and credit, neither of which they actually possess.  You’ll recall that stocks fell when QE1 and QE2 ended. Why shouldn’t they fall now that QE3 is ending too?”

http://bonnerandpartners.com/get-ready-qe4/

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Jeffrey Tucker: Must Government Have the Power to Quarantine?

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“It’s true that quarantine powers have been around since the ancient world and have been invoked through U.S. history from Colonial times to the present. They are hardly questioned.  On the other hand, abuse of such powers are even more frequent. The problem is the low threshold concerning risk. Once government has the power, it can use it any way it wants. In World War I, prostitutes were routinely arrested and quarantined in the name of preventing the spread of diseases. In the 1892 typhus outbreak, it became common to arrest and quarantine any immigrant from Russia, Italy, or Ireland even without any evidence of disease.”

http://tucker.liberty.me/2014/10/15/must-government-have-the-power-to-quarantine/

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