“Don’t Fly Near Our Borders” – U.S. Spy Plane Again Intercepted By Russian Jet

According to CNN, yet another close encounter took place between the U.S. and Russia yesterday, as a Russian SU-27 allegedly conducted a barrel roll over top of a U.S. Air Force RC-135 reconnaissance plane flying over the Baltic sea. The incident was in international airspace according to the Defense Department.

This is the second time a Russian jet has allegedly barrel rolled over a U.S. plane flying over the Baltic, and the incident marks the fourth close encounter between the two countries just this month, as tensions continue to rapidly escalate between the two countries.

The Russian SU-27 approached alongside within 25 feet of the U.S. aircraft, and then flew inverted over the top of the plane to the other side, according to Lt. Col. Michelle L. Baldanza, a U.S. Army spokesperson.

"The SU-27 intercepted the U.S. aircraft flying a routine route at high rate of speed from the side then proceeded to perform an aggressive maneuver that posed a threat to the safety of the U.S. aircrew in the RC-135," Baldanza said.

Pentagon spokesman Commander Bill Urban said in a statement

"This unsafe and unprofessional air intercept has the potential to cause serious harm and injury to all aircrews involved. More importantly, the unsafe and unprofessional actions of a single pilot have the potential to unnecessarily escalate tensions between countries."

There appears to be more to the story however, as Russia's defense ministry claims that the U.S. plane had turned off its transponder, which is needed for identification..

"The US Air Force has two solutions: either not to fly near our borders or to turn the transponder on for identification."

via http://ift.tt/24rZhIi Tyler Durden

Bloomberg UNMASKED – The Truth about ZH from Forex perspective

We’ve been a Forex author for many years on Zero Hedge and many other sites.  Writing is a big part of our job as analysts, and educators.  Recently we published a book Splitting Pennies – Understanding Forex to explain this complicated market to investors.  We write by purpose – Forex is the largest market in the world and the least understood.  Because of this, it’s not widely covered in the main stream media (MSM) and when it is, it is often mis-characterized.  After 15 years in this business, we don’t believe there is any ‘conspiracy’ hiding the ‘truth’ about Forex- it’s simply a lack of understanding.  The guys who really understand Forex are mostly working for banks or hedge funds and making a fortune, and a few, professing at universities.  

Although we’d like to see some guest author compensation – the fact that guest authors are allowed to write freely without ANY editing is INVALUABLE in a market such as Forex which is vastly misunderstood.  For example a lot of Forex information is coupled with ‘conspiracy theories’ and ‘politics’ although it should not be.  For example, with events such as 911, often a move in the Forex market will preceed the actual event by several hours.  We know that generally speaking, terrorists don’t have access to huge amounts of capital or connections on Wall St. – so this is an odd phenomenon that’s never properly been explored or discussed.  By stating the facts, we aren’t making any conclusions, simply that ‘someone’ must have had foreknowledge, whether it be intelligence services, well connected investors, governments, or who knows.  Statistical analysis has shown that it’s not coincidence.  Anyway, this topic is an important one for Forex but not one that is ‘appropriate’ for Bloomberg news.  Bloomberg is a great example of the MSM because Bloomberg has always been ‘business news’ – with an international focus.  Others such as CNBC are more US focused.

Exhibit 1 – 28 pages

Recently the 28 redacted pages of the 911 report to be released, have potentially significant impacts on markets – not only directly, but how markets function.  It is also an important Forex event because potentially, we can see a shift of sentiment away from the US Dollar as a global reserve currency.  But more importantly, 911 exposes how ‘someone’ whoever that group may be, manipulate world events in direct connection to markets and profit.  The markets are manipulated – if you think investors have a fair shot in the markets, you are due for a wake up call.  Suggested treatment – disconnect your Television and social media and read Zero Hedge for 90 days.  

An article was composed by analysts at Fortress Capital which was not published by several MSM sources, so we posted it on Zero Hedge.  The article isn’t really inflammatory but discusses these topics in objective way, asking questions that some would rather not like to be asked.  It was a relief that it could be published in a timely manner before the markets opened.  

Exhibit 2 – Pro Russia

We have authored several seemingly pro-Russia articles for ZH and were never encouraged to do so.  

http://ift.tt/1MEXXYb

http://ift.tt/1NgK2HZ

http://ift.tt/1vnyE8t

First, the mantra of analyst objective integrity is to be pro-fact, not pro- anything.  We would say we are pro-fact, not pro-Russia.  The only people in the world who are really pro-Russia are average Russians living in Russia.  If you talk to Russian intelligentsia, or Russians in America, they are critical of their country and just roll their eyes.  Practically though, Putin has done a great job leading Russia into a new market based system – which is not easy if you understand the culture and where they came from.  America was founded by commercial interests, it was a business from the beginning.  Russians have lived 80 some years under a controlled system, and those who tried to start a business were mostly killed.  The mentality is in their genes, it will take many generations for Russia to grow into a real superpower.  They need social reforms, business law reforms, regulations, human rights, immigration reform, and a number of other changes, before they can be a serious threat to other major economic powers.  But Russia has acheived a lot and they have made good use of their natural resources.  

It just so happens that because they are a ‘new’ economy Russia is an excellent Forex example.  Because the Ruble is still controlled by the central bank, although you can exchange in and out of Rubles freely, there are trading rules, and the rate is controlled by the central bank aggressively.  There are many interesting ironies about Russia and Forex, such as the largest retail platform in the world is a company from Russia (Meta Quotes). 

Exhibit 3 – Bloomberg 

During the period of 2007 – 2008 the most objective MSM coverage of the financial crisis was provided by Bloomberg.  Brian Sullivan was the best anchor who seemed to really present information as it should be, not as ‘marketing.’  He seemed sincere with his comments, he would say “I work for you – the viewer – so let me know how I’m doing, give me your feedback!”  So we did.  The first comment was to tone down his sporty attitude, he was calling the markets like a boxing match, which seemed out of taste at the time.  This was peak of the credit crisis.  Sure enough next day – he toned down his clown like attitude, dressed in professional suit and very serious!  This guy really did his job well, so it seemed.  Weeks go on and the Fed was under pressure to do something about market events, and he made a comment about “Shouldn’t the government, the Fed, do something about this situation?”  We fired away many comments about how the Federal Reserve is not part of the government.  It’s no more Federal than Federal Express.  The Fed was created by an act of Congress, but it is a private bank.  The President appoints the chairman, but that’s all.  There’s no other connection to the government.  The next time he discussed it on air, he said, “But shouldn’t the Fed, whoever owns it or if it’s private or whatever, do something?”  – several days later – he no longer worked for Bloomberg! 

It is unclear what time period Mr. Sullivan would handle for Fox Business, which relies on a dual-anchor format during the day. A Fox spokeswoman did not immediately respond to a request for comment.

A Bloomberg spokeswoman confirmed on Monday that Mr. Sullivan, who joined the network in 1997, had resigned. He most recently hosted the 3 to 5 p.m. show “Final Word.”

In an interview at Bloomberg’s offices last August, Mr. Sullivan, an avid race car driver on the weekends, said he did not spend much time thinking about Fox. “If I sit there worrying about my competitor, it’s called driving-in-your-mirrors racing,” he said.

Mr. Sullivan said that anchors like him have to work harder to stand out amid the increasingly commoditized landscape of business news. “If you just cover earnings, numbers, statistics, you can get all that on the Internet,” he said. “The way to differentiate yourself is to tell the smartest story and get the best guests.”

Coincidence, maybe.  But a strange one, especially during a time when people started to question the Fed.

But let’s take a step back and understand what is Bloomberg.  The Bloomberg Terminal is a trading appliance (well, it used to be a physical appliance and now it’s an application).  Bloomberg News is a ‘value add’ service provided to Bloomberg customers, so they don’t have to use a 3rd party for general market news.  Bloomberg more importantly streams economic data and other market news over the terminal, as does Dow Jones, Reuters, and other news services.  Bloomberg was always more objective than traditional news for this reason.  But like with anything, over the years, they became biased and poorly managed just like the media they replaced such as CNBC.  That’s their perspective – they sell terminals, market data.  The Bloomberg Terminal has almost no competition in many markets, especially OTC derivatives such as CDS, or if you want to trade Forex with a central bank, you need the Bloomberg Terminal.

Zero Hedge has been, for recent years, one of the only online platforms for objective Forex discussion.  This situation with the rogue author is sad, but it just elaborates what a sham Bloomberg is, and encourages ZH to work closer with Guest authors and other financial professionals who still have a need for a platform such as ZH.  It shows how Bloomberg has declined and lost complete control over its editorial staff.

This is all explained in our book Splitting Pennies – Understanding Forex.  Open a Forex account (if you are a non-US citizen) and get a free robotic strategy with every purchase of the book.  

via http://ift.tt/1SEN6jM globalintelhub

Lies, Lies, & OMG More Lies…

Submitted by Jim Quinn via The Burning Platform blog,

It’s that time of year again. It’s open enrollment for health plans at my employer. They are biggest employer in Philly and have the most leverage possible with the insurance companies. They have such good leverage that my premiums are going up “only” 9.8% this year for a basic HMO plan. Based on what I hear from others, I should be thankful for just a 9.8% increase.

This isn’t a new development. Since I’ve been tracking all my expenditures using Quicken since 1991, I know exactly what my annual health insurance costs have been every year. Obamacare was passed in 2009 and began to be implemented in 2010. Obama declared that families could expect $2,500 of savings per year. I know for a fact my annual medical expenses were $2,000 higher in 2015 than they were in 2010.

The lies of the government and their minions at the BLS are revealed to anyone who cares to open their eyes. The BLS reported inflation rates for health insurance since 2010 is beyond laughable. They must have triple seasonally adjusted, massaged, and tweaked these figures to arrive at the absurdly false inflation figures they are feeding to the sheeple. These are the reported inflation figures for health insurance since 2010:

2010 – (4.0%)

2011 – 5.6%

2012 – 10.6%

2013 – 0.9%

2014 – (0.8%)

2015 – 3.7%

According to the BLS, and built into their CPI calculation, your health insurance premiums have gone up by about 16% over the last six years. Now for the smell test. I have worked for a large employer with excellent healthcare benefits over that entire time span. My health insurance premiums have risen by 65% since Obamacare was passed. And that doesn’t capture the whole picture.

I had no deductible in 2010. I now have an individual deductible of $1,200 and a family deductible of $2,400. My co-pay back in 2010 was $15. Today it is $25. So my out of pocket expenses have risen too. I estimate I can add another 15% of increase due to these changes. Therefore, I’ve experienced 80% inflation in my health insurance expenses versus the BLS lie of 16%.

In case you weren’t paying attention, the BEA reported the latest GDP lie yesterday. According to these government drones, the economy grew by a whopping 0.5% in the first quarter. As you may or may not know, this figure is adjusted for inflation. Our beloved BLS propagandists assure us that inflation has been running at a microscopic 0.9% over the last twelve months. Does anyone who is not a halfwit or Ivy League educated economist actually believe that tripe?

As most people know, 67% of GDP is based upon consumer spending in our debt financed land of plenty. It seems the more you have to pay due to Obamacare, the higher GDP goes. The more you pay for rent the higher GDP goes. The more you pay for gas, heat, and food, the higher GDP goes. Isn’t government accounting grand? The government systematically under-reports your true inflation, while pushing the monetary and fiscal policies which drive your actual living expenses ever higher, and then tells you the economy has never been better. They love the Big Lie.

The utter falsehood of the BLS presented inflation statistics is clearly apparent in the comparison between what is happening in the real world of housing versus their excel spreadsheet models. The BLS declares rents are rising at a 3.2% annual rate. In the real world they are rising at an 8% annual rate. There appears to be a slight discrepancy. Do you think the market is lying or the government? The average monthly rent is now $870, an all-time high – up 24% since 2012. The BLS says rents are only up 10.8% since 2012. Do you believe your landlord or the BLS?

The ridiculously conceived owners equivalent rent is supposed to capture home price inflation. This BLS rigged black box also accounts for the largest single weighting in the CPI calculation. Nothing like a made up number to give the BLS the most ability to manipulate the truth. The Case Shiller home price index, based upon real prices in real markets shows that home prices are up 22.7% since 2012 due to the Federal Reserve/Wall Street scheme/scam. You have the government/establishment artificially jacking up home prices to fix the Wall Street balance sheets and then you have the government drones falsifying inflation data to show home prices only going up by 10% since 2012.

You have the government agency tasked with reporting accurate inflation data under-reporting rent and home price inflation by over 100%. Not exactly a rounding error. And the list goes on. In the real world of gas prices, we’ve seen a 30% increase in the price to fill up our vehicles since February. According to our fantasy loving friends at the BLS, gas prices have fallen by 10.8% over this time frame. Could they be a bigger joke?

Actually, yes they can. They are reporting natural gas prices falling 0.8% in the last month, when in the real world natural gas prices have skyrocketed by over 13%.

NATURAL GAS

Aren’t you glad none of your clothes are made of cotton?

COTTON

According to the Bureau of Lies & Scams food prices have not risen one penny in the last three months. Over the last year they report a barely evident 0.8% increase in food prices. I find that quite amusing, as I do the regular grocery shopping in our house and I do not see flat food prices. Even with cutting out overpriced beef, my weekly grocery bill is at least 5% higher than last year. The real world prices of some major food items below, blows a hole in the fake data being presented by the BLS.

CORN

SOYBEANS

COCOA

SUGAR

I don’t know about the rest of the world, but food, housing, gasoline, utilities, and healthcare make up a huge portion of my budget. And those prices are rising at a 5% to 10% clip on an annual basis today. Janet Yellen is worried about deflation and is keeping interest rates near 0%. Is she lying or is she really that stupid and disconnected from the real world? I’d suggest we follow George Carlin’s advice.

via http://ift.tt/1SEKjHo Tyler Durden

US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared – Live Webcast

Less than two years ago, the US set up another puppet government in the mid-east this time in the state of Iraq when following substantial US pressure, on August 14, 2014 then prime minister al-Maliki agreed to stepped down and be replaced with Haider al-Abadi. Today, the regime is in chaos and the system set up in Iraq by the US is collapsing when protesters loyal to popular Shiite cleric Muqtada al-Sadr breached the heavily fortified Green Zone, home to government buildings and foreign embassiesm and stormed the Iraqi parliament, forcing MPs to flee and resulting in a state of emergency being declared for all of Baghdad.

As can be seen in the photo (and live webcast below), hundreds of demonstrators occupied the country’s parliament. Video from inside the building showed jubilant crowds waving Iraqi flags and shouting “peaceful, peaceful.” Supporters of Sadr, whose fighters once controlled swaths of Baghdad and helped defend the capital from ISIS, have been demonstrating for weeks at the gates of the Green Zone, responding to their leader’s call to pressure the government to reform.

Cited by NBC, Brig. Gen. Saad Mann, a spokesman for the Iraqi military, said that Iraq security authorities have declared a state of emergency in Baghdad. “All gates that lead to Baghdad are closed. No one is allowed to enter into Baghdad, only those who want to leave Baghdad can do so.” “There is no evacuation for the American staff inside the American embassy,” he said. A U.S. official who spoke on condition of anonymity said the American Embassy in Baghdad was not being evacuated, contrary to local reports. We expect that should the pro-US government fall, this will promptly change.

Security forces responsible for guarding the entrance to the area were not able to stop the demonstrators without opening fire so they let them in, the security source told NBC News. As a result, the protest is mostly peaceful for now.

A live webcast form the scene of the Iraqi parliament can be seen after the jump.

via http://ift.tt/1SR1dot Tyler Durden

Berkshire Hathaway Annual Meeting Live Stream

For the first time ever, Berkshire Hathaway’s annual meeting in Omaha goes digital and is being webcast live on Yahoo Finance. Those so inclined can watch Warren Buffett and Charlie Munger’s deep thoughts in real time from the Woodstock of Crony Capitalism at the webcast link below.

via http://ift.tt/1NJdP1U Tyler Durden

Oil’s Latest Casualty: Saudi Binladin Group Fires 50,000 Workers, A Quarter Of Its Workforce

In the latest clear sign that low oil prices are taking their indirect toll not only the US shale sector, leading to billions in capex cuts and hundreds of thousands of lost oil and gas jobs, on Friday Saudi newspaper al-Watan reported that the multinational construction conglomerate Saudi Binladin Gropu (which was founded in 1931 by Sheikh Mohammed bin Laden Sayyid, father of Osama bin Laden who was removed as a shareholder in the business in 1993 and disowned by the family) has laid off 50,000 staff as pressure on the industry rises amid government spending cuts to survive an era of cheap oil.

This means that Binladin, one of Saudi Arabia’s biggest firms and among the Middle East’s largest builders, whose total workforce is around 200,000 just fired a quarter of its total staff.

Reuters adds, citing al-Watan’s unnamed sources, that the group has terminated the contracts of 50,000 workers – apparently all foreigners – and given them permanent exit visa to leave the kingdom. However, the workers have refused to leave the country without getting paid as some had not received wages for more than four months. Furthermore, they were protesting in front of the Binladin’s offices in the country almost daily, the paper added.

What is most disturbing is that one of the biggest companies in Saudi Arabia if the not the Middle East, has had a series of pay disputes with workers this year as it appears unable to fund payroll. In March, scores of workers gathered outside one of the company’s office in Saudi Arabia to demand unpaid wages.

Migrant workers, who work for Saudi Binladin Group, gather as they
ask for a final settlement over salary issue

While Binladin prospered during Saudi Arabia’s high oil price-driven economic boom in the past decade, employing around 200,000 workers as it built many of the kingdom’s flagship infrastructure projects including airports, roads and skyscrapers, like many other Saudi construction firms, it has been hit hard in the past year as low oil prices have prompted the government to slash spending in an effort to curb a budget deficit that totaled nearly $100 billion last year.

As Reuters adds, labor market reforms, designed to push more Saudi citizens into private sector jobs, have since 2011 made it more difficult and expensive for construction firms to hire foreign workers, pressuring the industry.

The Binladin Group made tragic headlines last September (ironically, the 11th) when a crane toppled into Mecca’s Grand Mosque during a dust storm, killing 107 people. Following the incident, the Saudi royal court said Binladin had been suspended from taking new contracts. An initial government probe found Binladin had not properly secured the crane. Binladin did not issue a public statement in response to the suspension.

Worse, it is no longer just Binladin’s income statement that is impacted but the stress is now spreading to its balance sheet: the company has been discussing how to manage its debts with banks and a few have agreed to refinance some debt through steps such as extending maturities, with some providing short-term financing for the company’s working capital including staff wages, Reuters said. It is unclear if the conglomerate will still be able to avoid a comprehensive restructuring should oil remains in the $40-barrel range.

via http://ift.tt/1O31osk Tyler Durden

The SHOCKING Inside Scoop On Being a Guest Writer At Zero Hedge

I've been a guest writer at Zero Hedge for quite a few years. 

Shocking as it may seem, "Tyler" and the gang have put absolutely no pressure on me to spin stories one way or the other.

… Or to avoid any topics.

I've asked Tyler more than once whether I should write on a certain topic, and he's consistently – and shockingly – said I should write whatever I want.

For example, on, January 11, 2010, I wrote: "Tyler: Not Sure Whether This is Appropriate For ZH."

Tyler wrote back:

Go for it.

On August 17, 2010, I wrote:  "I don't know if I should post to ZH."

Tyler responded:

Don’t see why not. People enjoy the debate

On September 5, 2010, I ran a new story by Tyler, asking: "Tyler: Appropriate or Inappropriate for ZH?"

He wrote back:

Yes.

On September 10, 2010, I floated another controversial post – which I was sure would be shot down – asking: "Not Appropriate for ZH?"

Tyler wrote back:

Post. We don’t censor

Those are just a few examples I found in a couple minutes of trawling through my old emails.

And that's why I like Zero Hedge so much … it really is a free market-place of ideas.

Indeed, I love how the site pulls no punches and slams every clown running amok … whether EU dictocrats,the Keynesians running the Chinese economy, the failed socialists in Venezuela, Putin, or corrupt American politicians and economic "leaders" (whether they call themselves "Democrats" or "Republicans".

Like the boy who points out that the emperor has no clothes – when everyone else is busy scraping and bowing and currying favor – Zero Hedge is a great site exactly because it calls it like it sees it.

No wonder the mainstream media hates it so much …

via http://ift.tt/1VYJBKM George Washington

The Oligarchy Is Tottering – Trump Tramples The Neocons’ “False Song Of Globalism”

Submitted by Justin Raimondo via AntiWar.com,

The reaction to GOP frontrunner Donald Trump’s much-awaited foreign policy speechfrom the Washington elites was all-too-predictable: they sneered and snickered that he had mispronounced “Tanzania.” The more substantive criticisms weren’t much better: perpetual warmonger Lindsey Graham, whose presidential bid garnered zeropercent in the polls, tweeted “Trump’s FP speech not conservative. It’s isolationism surrounded by disconnected thought, demonstrates lack of understanding threats we face.” For Graham, anything less than starting World War III is “isolationism” – a view that gives us some insight into why his presidential campaign was the biggest flop since the “new” Coke. This is the party line of neoconservatives who have long dominated Republican foreign policy orthodoxy, to the GOP’s detriment. Neocon character assassin Jamie Kirchick, writing in the European edition of Politico, put a new gloss on it by claiming to detect a Vast Kremlin Conspiracy as the animating spirit behind the Trump campaign.

Which just goes to show that having Roy Cohn as your role model can lead one down some pretty slimy rabbit holes. I guess that’s why the editors of Politico put Kirchick’s smear piece in the European edition, where hardly anyone will read it, saving a morereasonable analysis by Jacob Heilbrunn for the US version. (Although, to be sure, apiece by neocon-friendly Michael Crowley limns the same McCarthyite theme inPolitico’s magazine.)

Heilbrunn is the editor of The National Interest, publication of the Nixon Center, which has been a sanctuary for the outnumbered – but now rising – “realist” school of foreign policy analysts. The Trump speech was sponsored by TNI, and Heilbrunn gave a very interesting if somewhat defensive explanation for the motives behind their invitation to Trump, succinctly summarizing its significance:

“His speech did not deviate from the themes he has already enunciated and it showed that he is willing to go very far indeed. Nothing like this has been heard from a Republican foreign policy candidate in decades. Trump doesn’t want to modify the party’s foreign policy stands. He’s out to destroy them.”

This is why the Republican Establishment hates Trump: it’s no accident that the same neocons who lied us into the Iraq war and profited personally and professionally from that disastrous adventure are now in the vanguard of the “Never Trump” brigade. As Heilbrunn points out:

“This is why perhaps his most significant statement was: ‘I will also look for talented experts with new approaches, and practical ideas, rather than surrounding myself with those who have perfect résumés but very little to brag about except responsibility for a long history of failed policies and continued losses at war.’ What Trump is talking about is dispensing with an entire wing of the GOP that has controlled the commanding heights of foreign policy over recent decades.”

This is my favorite part of Trump’s peroration. Here he is openly telling the neocons, who have inveigled themselves into every administration since the days of Ronald Reagan, that they will be kicked to the curb if and when he takes the White House. Which is why they are even now returning to the Democratic party, channeling the long departed spirit of “Scoop” Jackson – and good riddance to them. If ever a group of failed ideologues deserved their comeuppance it is this gang, which led the nation into the Middle East quagmire and steered the GOP to a series of humiliating defeats.

Pledging to “shake the rust off America’s foreign policy,” Trump started out by saying he would “invite new voices and new visions into the fold.” And while I think Heilbrunn’s somewhat overstates the case, it is certainly true that what follows is something we haven’t heard from a Republican frontrunner is quite a long time. Adopting a campaign slogan that has the neocons and their left-wing internationalist enablers in a lather, Trump reiterated his theme of “America First” – a phrase with a long and largely misunderstood history in the annals of American conservatism, and one which he gives new life and new meaning.

Trump gives us a capsule history of US foreign policy, from World War II to the end of the cold war, that is light on nuance but true in essence: we “saved the world” twice, and then crashed on the rocks of hubris and miscalculation:

“Unfortunately, after the Cold War our foreign policy veered badly off course. We failed to develop a new vision for a new time. In fact, as time went on, our foreign policy began to make less and less sense. Logic was replaced with foolishness and arrogance, which led to one foreign policy disaster after another.

 

“They just kept coming and coming. We went from mistakes in Iraq to Egypt to Libya, to President Obama’s line in the sand in Syria. Each of these actions have helped to throw the region into chaos and gave ISIS the space it needs to grow and prosper. Very bad. It all began with a dangerous idea that we could make western democracies out of countries that had no experience or interests in becoming a western democracy.

 

“We tore up what institutions they had and then were surprised at what we unleashed. Civil war, religious fanaticism, thousands of Americans and just killed be lives, lives, lives wasted. Horribly wasted. Many trillions of dollars were lost as a result. The vacuum was created that ISIS would fill. Iran, too, would rush in and fill that void much to their really unjust enrichment.”

A more perceptive summary of the post-Soviet post-9/11 policies that have led us to disaster would be hard to imagine: indeed, Trump’s critique parallels what we have been saying on this web site ever since its founding in 1995. To hear it coming from a Republican candidate for President who is not Ron Paul is astonishing: and that it is being said by the GOP frontrunner, who spoke these words after winning every county in five Northeastern states, is simply breathtaking.

I’ve covered Trump’s views on NATO in this space, but in this speech he gives us a new perspective. He is constantly bewailing the fact that Obama’s America projects weakness – a standard Republican line – but here he makes clear that he’s not just talking about how our enemies perceive us, but also how our alleged friends see us

“Our allies are not paying their fair share, and I’ve been talking about this recently a lot. Our allies must contribute toward their financial, political, and human costs, have to do it, of our tremendous security burden. But many of them are simply not doing so.

 

“They look at the United States as weak and forgiving and feel no obligation to honor their agreements with us. In NATO, for instance, only 4 of 28 other member countries besides America, are spending the minimum required 2 percent of GDP on defense. We have spent trillions of dollars over time on planes, missiles, ships, equipment, building up our military to provide a strong defense for Europe and Asia.

 

“The countries we are defending must pay for the cost of this defense, and if not, the U.S. must be prepared to let these countries defend themselves. We have no choice.”

Billions of dollars in “defense” spending are tied up in NATO contracts: the power and prestige of Washington’s foreign policy “experts” are inextricably linked to maintaining the Atlanticist bridge that binds us to our free-riding European client states. And now the candidate most likely to win the GOP presidential nomination is threatening to take it all away from them. No wonder they hate his guts and will do anything to stop him.

A major push by the neoconservatives and their left-internationalist allies in the Clinton camp has been a campaign to demonize the Russians and restart the cold war. Trump made it clear he is having none of that:

“We desire to live peacefully and in friendship with Russia and China. We have serious differences with these two nations, and must regard them with open eyes, but we are not bound to be adversaries. We should seek common ground based on shared interests.

 

“Russia, for instance, has also seen the horror of Islamic terrorism. I believe an easing of tensions, and improved relations with Russia from a position of strength only is possible, absolutely possible. Common sense says this cycle, this horrible cycle of hostility must end and ideally will end soon. Good for both countries.

 

“Some say the Russians won’t be reasonable. I intend to find out. If we can’t make a deal under my administration, a deal that’s great – not good, great – for America, but also good for Russia, then we will quickly walk from the table. It’s as simple as that. We’re going to find out.”

While much attention is paid to the Middle East, the real threat to peace is the possibility of a stand off between Washington and Moscow. A new arms race is in the works, and the threat of nuclear conflict – which Trump correctly says is the biggest threat of all – looms larger by the day. That Trump seeks a rapprochement with Russia is a very big plus – and a major reason why the War Party has mobilized against him.

When it comes to the Middle East, Trump is proposing a new turn:

“Unlike other candidates for the presidency, war and aggression will not be my first instinct. You cannot have a foreign policy without diplomacy. A superpower understands that caution and restraint are really truly signs of strength. Although not in government service, I was totally against the war in Iraq, very proudly, saying for many years that it would destabilize the Middle East. Sadly, I was correct, and the biggest beneficiary has been has been Iran, who is systematically taking over Iraq and gaining access to their very rich oil reserves, something it has wanted to do for decades.

 

“And now, to top it off, we have ISIS. My goal is to establish a foreign policy that will endure for several generations. That’s why I also look and have to look for talented experts with approaches and practical ideas, rather than surrounding myself with those who have perfect résumés but very little to brag about except responsibility for a long history of failed policies and continued losses at war. We have to look to new people.”

Out with the neocons – and in with a new foreign policy that promotes peace, prosperity, and the radical idea that we have to put American interests first. Trump was explicitly making an appeal to anti-interventionists when he said:

“The world must know that we do not go abroad in search of enemies, that we are always happy when old enemies become friends and when old friends become allies, that’s what we want. We want them to be our allies.

 

“We want the world to be – we want to bring peace to the world. Too much destruction out there, too many destructive weapons. The power of weaponry is the single biggest problem that we have today in the world.

 

“To achieve these goals, Americans must have confidence in their country and its leadership. Again, many Americans must wonder why we our politicians seem more interested in defending the borders of foreign countries than in defending their own.”

And then there’s this:

“No country has ever prospered that failed to put its own interests first. Both our friends and our enemies put their countries above ours and we, while being fair to them, must start doing the same. We will no longer surrender this country or its people to the false song of globalism. The nation-state remains the true foundation for happiness and harmony. I am skeptical of international unions that tie us up and bring America down and will never enter.”

Now I can imagine some libertarians will cringe at the idea that the nation-state is a foundation for any kind of happiness, but they fail to put this in context: we’re talking here about a nation-state founded as a result of a victorious American Revolution – the only successful libertarian revolution in history.

Which brings us to the darker side of Trumpian nationalism, with its all its contradictions – some of them potentially fatal.

Like all nationalism, Trump’s is ambidextrous: the American variety is usually inward-looking, with its European cousin mostly expansionist-minded. And yet it can be bellicose when it perceives a threat, a characteristic that fits neatly with Trump’s public persona. There are certain advantages to this: as one of my Twitter followers put it, “For better or for worse, Trump’s anti-interventionism works because he doesn’t project sympathy for the enemy.” Opponents of America’s wars have been regularly subjected to the argument – a smear, really – that they’re working on behalf of America’s enemies. About Trump the War Party can make no such accusation.

Yet this immunity also confers contradictions, and Trump’s speech is rife with them. He has said he opposes sending ground troops to Syria to fight ISIS, and yet he insists ISIS will be defeated during his presidency – although he’s unwilling to say just how. We’re too “predictable,” he avers, but don’t the American people have the right to know what his plan is?

He wants to “rebuild” the military – as if a country that spends 40 percent of all the money spent on “defense” worldwide requires it. Yes, he says he wants to ensure US military “dominance” so that no one will ever dare to attack us – and therefore we’ll never have to actually use our military – and yet if one is constantly preparing for war, then war will surely come. Trump, like Ron Paul, is constantly talking about our huge national debt: unlike Paul, however, he wants to “invest” in the military because it’s the “best” investment and he’s vowed to spare no expense. Suddenly the debt is conveniently forgotten.

Trump rightly points to the power of modern weaponry – specifically, nuclear weapons – as the biggest threat to our security, and yet in his speech he called for ramping up and “modernizing” our nuclear deterrent. This project, already undertaken by the Obama administration, involves miniaturizing nukes and therefore making them more “usable” – a dangerous development indeed.

Trump rails against the Iran deal: it’s a “bad deal,” the “absolute worst,” he insists. And yet Iran has abided by it, to the letter. War has been avoided: and he himself has said he wouldn’t rip it up, as his rival Ted Cruz has vowed. While saying we shouldn’t go abroad seeking enemies, his fearmongering over the alleged threat from Iran tells a different story. The reality is that there’s no evidence Iran is seeking to build a nuclear arsenal: our own intelligence community has confirmed this. Yet to listen to Trump, you’d think they’re about to nuke the Trump Tower. So there’s another contradiction – and they’re adding up.

His fearmongering over Iran is tied to his pandering to Israel, which he glorifies as “the only democracy in the Middle East.” In Trump’s world, Israel is blameless: its occupation of the West Bank, its merciless attacks on defenseless Gaza, its apartheid-like domestic regime – all this ignored. While it’s true that he says he would be “evenhanded” in trying to negotiate a settlement of the Israeli-Palestinian conflict, how seriously can we take this pledge when his pro-Israel rhetoric is so over-the-top? Indeed, he attacks the Obama administration for its supposedly ill treatment of Israel, and yet they are just trying to be as evenhanded as he says he wants to be.

American nationalism is a schizophrenic creature: on the one hand, it is pacific, inward-looking, and benign. On the other hand, it can be vengeful, aggressive, and malevolent. Like Trump himself, it is often unpredictable. And therein lies the danger – and the opportunity.

Nationalists of the Trumpian sort see America as an exceptional nation, but unlike the aggressive nationalists of the neoconservative variety they don’t believe the American system can be exported, and certainly not by force of arms.  As Trump put it in his speech:

“Finally, I will work with our allies to reinvigorate Western values and institutions. Instead of trying to spread universal values that not everybody shares or wants, we should understand that strengthening and promoting Western civilization and its accomplishments will do more to inspire positive reforms around the world than military interventions.”

This rejection of catholicity is the core of the nationalist insight: it accounts for their views on immigration as well as their noninterventionist foreign policy. Trump weaves these strands into a pattern of thought that is challenging – and displacing – the militant universalism that unites both neoconservatism and modern liberalism.

For all his faults as a candidate, Trump is forcing a sea change in the American political discourse. His campaign for the presidency has certainly shifted the terms of the debate over foreign policy, not only in the GOP but generally. Senator Rand Paul’s candidacy was dogged by questions about his lack of “orthodoxy” on foreign policy issues. That orthodoxy has now been smashed to smithereens, and future Rand Pauls will face no such suspicious inquiries. Candidates will no longer be required to sing, in unison, “the false song of globalism” – and we have Donald Trump to thank for that.

The task of anti-interventionists is not – as some would have it – to sit on the sidelines, or to join the “Never Trump” neocons and Clintonistas in attacking the Trump phenomenon as somehow beyond the pale. It is, instead, to push the discourse even further. We must take advantage of the opening provided by Trump’s campaign to point out the contradictions, recruit Trump’s supporters into a broader movement to change American foreign policy, and break the bipartisan interventionist consensus once and for all.

For the past twenty years, movements have arisen to challenge American imperialism: the campaigns of Pat Buchanan, the antiwar left that arose during the Bush years, the Ron Paul campaigns that energized many thousands of young people and put some meat on the bones of the libertarian movement. You’ll note the pattern: the Buchanan movement was small yet vociferous, the antiwar left was much bigger and yet more diffuse, the Ron Paulians were (and are) substantial in size and highly focused and well-organized – yet all crested without achieving a mass character, falling short of their goals.

The Trump movement is different: it is massive, and it is capable of winning. That’s what has the Establishment in such a panic that they are considering denying Trump the nomination and bringing in a candidate on a “white horse” to steal the GOP from the Trumpians. If that happens, the system will be shaken to its very foundations, its very legitimacy in doubt – a perfect storm as far as libertarians are concerned.

But there is more to it than that. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.

Yes, the road ahead is going to be rough, largely unpaved, and strewn with pitfalls. It would be easy to fall prey to the errors of pandering, of over-adaptation, or their opposite: sectarianism, and strategic inflexibility. Ideological entrepreneurship is an art, not a science, and it takes a skillful player to distinguish between opportunism and taking advantage of legitimate opportunities.

Yet there is no alternative, because abstention means extinction. Libertarians – and anti-interventionists of every political stripe – must intervene, or die out. Natural selection will take care of those who cannot or will not adapt to the new reality.

And this kind of sectarianism is absolutely unforgivable, because the new reality is far from a hostile environment. It is, in many ways, far more conducive than the old left-right paradigm, which is seeing the last of its iron grip on political consciousness loosened and dispelled.

We are living in revolutionary times. Every political movement and tendency will be put to the test. Some will be found wanting, and they will fall by the wayside. Others will adapt and prosper. Whether we have the courage to face the future is an issue that will soon be decided, and it is we who will do the deciding – because our fate is in our hands.

via http://ift.tt/1QGghRo Tyler Durden

The Most Expensive Cities To Live In Across The Globe

‘Exceptional’ America is no longer the home of the world’s most expensive city in which to live and work. As the latest report from the World Economic Forum finds, the honor of the priciest place to reside is the United Kingdom’s capital – London. At £80,777 (~$120,000) per person per year, “The Big Smoke” is twice as costly as Los Angeles or Sydney…

London has topped the list since June 2014…

 

However, all is not lost for USA, USA, USA!

A quarter of the top 20 most expensive cities are in the United States, with New York (at a yearly cost of over £79,000) coming in just behind London.

Overall, the average cost of home and office accommodation per person per year across the top 20 cities is £40,641, with Rio de Janeiro being the most affordable.

Savills’ index is aimed at giving employers an idea of the cost of accommodating an employee in cities around the world. Head of World Research at Savills, Yolande Barnes, says: “The productivity of cities and their value to global businesses clearly has a pronounced effect on demand and hence rental costs.”

 

The highest-ranking cities for productivity, such as London and New York, are also the most expensive to live and work in.

 

Barnes adds: “World cities can become a victim of their own success when rents rise to the point where affordability becomes an issue.”

 

Savills wants to see an increase in supply of high-quality workspace, noting that this will be a crucial development for emerging cities such as Rio de Janeiro, Mumbai and Lagos.

Of course, there is always Vancouver (if you’re Chinese).

via http://ift.tt/1TBf3v4 Tyler Durden

The US Endgame? Creating A Climate That “Could Easily Be Transformed Into War”

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)), via SHTFPlan.com,

Most readers have been watching, as the U.S. and Russia seem to be positioning themselves along Cold War lines.  The posturing is not confined to maneuvering military assets; it also runs along economic lines, in which most warfare is at least based if not a major or the sole impetus.  Each power has sought to cement its claims/presence in areas bordering the sphere of influence of, or the actual territory of the other power.  Such posturing can be dangerous and lead to an incident that escalates into the uncontrollable.

Recently the news media has been abuzz with the Russian fighter aircraft buzzing the U.S. in the face: first the incident with the two fighters coming within 30 feet of an American naval vessel, and another separate incident involving aerial theatrics around a U.S. reconnaissance aircraft (a Boeing RC-135 intelligence-gathering spy plane).  The U.S. responded in kind on April 20 by allowing a guided missile destroyer, the U.S.S. Cook to encroach upon Russian borders while conducting maneuvers near Poland.  The U.S. claimed that Russian aircraft were doing fly-by’s to intimidate the destroyer.

Unlike the puissant response by John Kerry, feigning anger and doing nothing with the Russian aircraft incidences of the past two weeks, Russia is not playing with the destroyer incident.  The Russian ambassador to NATO, Alexander Grushko is reported by Reuters to have made the following statement:

“This is about attempts to exercise military pressure on Russia.  We will take all necessary measures, precautions, to compensate for these attempts to use military force.”

This statement by Grushko was not limited to the incident with the Cook.  NATO Secretary General Jens Stoltenberg has affirmed in the past week the intention of NATO to deploy command and control centers in Bulgaria, Estonia, Latvia, Lithuania, Poland, and Romania.  Exercises are currently being planned and prepared in Estonia by NATO air assets, to include participation by Sweden and Finland, both non-NATO members.  The exercises are scheduled to commence on April 28.

Although the exercises are superficially being dubbed maneuvers to help with control of civilian airports and coordination with them during “an emergency situation,” in reality they are both posturing and stationing aircraft on Russia’s western flank.  Also, the mainstream media barely mentioned the fact that last month, NATO fighter aircraft approached a Russian aircraft carrying Sergei Shoigu, the Russian Defense Minister who was en route to inspect military facilities and readiness in Kalingrad, toward Russia’s western border.

Much has also been mentioned by NATO of Russian “aggression and encroachment” regarding Ukraine, still beset by more than a year of fighting in its eastern region between Ukrainian forces and ethnic Russian separatists.  NATO has condemned Russia for supplying these separatists with equipment, materials, and personnel.  Russia has responded to this accusation by declaring eastern Ukraine to be mired in a civil war.

There are also underlying economic issues to all of this.  As mentioned in previous articles, the entire involvement of NATO wanting to “assist” Russia in her support of Syria was nothing more than an attempt to oust Assad.  This, in turn took a back seat to the desires of NATO and the U.S. to annex a portion of Syria in order to enable a natural gas pipeline from Qatar into Western Europe for the purpose of negating Russia’s Gazprom from supplying Western Europe with natural gas.  Basically, the Russians solidified Assad’s position, bombed the insurgents into submission, left supplies and advisers with Assad, and withdrew from the board.  The U.S. was left stultified with egg on its face.

Now the BRIC nations are starting their markets up in earnest, backing their currencies with gold and trading in Shanghai, China, and Moscow in Russia.  These two nations, incidentally are #1 and #3 respectively regarding gold production.  The former produced 490 tons in 2015, and the latter put out 295 tons that year.  The two nations account for 25% of the gold production for the world.  Those are staggering numbers.  In addition to production, China and Russia have been building up their reserves of gold astronomically.

They are ranked 5th and 6th respective to gold reserves.  The U.S. is listed as “#1” but this is another faux pearl attached to others on a string, such as phony employment numbers and the inflated GDP as reported by parrots of the media and business insider networks who are, in reality inside of the pockets of the administration and the Federal Reserve.

Another point of interest that may have a great effect is that Congress is in the midst of passing legislation to hold Saudi Arabia partially accountable for the 9-11 attacks.

The Saudis responded with informing the state department that they will call in assets and all accounts payable if that is the case.  This could really domino and also spell an immediate end to the Petrodollar.  Wouldn’t that be interesting?  Congress would hit the Saudis up with a bill, and the Saudis would pay us in “fiat” Federal Reserve notes, maybe cutting off the oil supply as well.  Payment of the bill then may as well be in toilet paper.

To summarize, akin to ancient Rome, the United States has over-extended herself.  She has created a climate that could easily be transformed into a war on a slight pretext.  Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility.  The dying Petrodollar system has been on life support for some time, and it appears other nations such as the BRIC’s are taking the initiative to return to a true monetary standard.  This is the same gold and silver standard that the U.S. should never have left in the first place.

via http://ift.tt/1UmNLLn Tyler Durden