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The Fed Rate Hike: the Torpedo is Launched
Posted with permission and written by Bullion Bulls Canada, Jeff Nielson (CLICK FOR ORIGINAL)
By Peter Schiff of EuroPacific Capital
Mission Accomplished
The United States has built permanent base infrastructure in every Persian Gulf country except one -- Iran. The U.S. government gets agreements with undemocratic and often despotic states like Saudi Arabia, Qatar and Bahrain to build bases and in return remains silent to their human rights violations.
Late last month in “South Pacific Showdown? Japan May Send Warships To China Islands,” we documented a meeting between Japanese PM Shinzo Abe and Philippines President Benigno Aquino on the sidelines of the Asia-Pacific Economic Cooperation summit held in Manila.
The two leaders discussed the possibility that Japan could provide Manila with “large ships” that the Philippines can use to patrol the South China Sea.
This was, of course, a direct response to China, whose land reclamation efforts in the Spratlys have ruffled more than a few feathers in the South Pacific.
Submitted by David Stockman via Contra Corner blog,
There is going to be carnage in the casino, and the proof lies in the transcript of Janet Yellen’s press conference. She did not say one word about the real world; it was all about the hypothetical world embedded in the Fed’s tinker toy model of the US economy.