Every year, roughly $1 trillion flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion. This amount is more than these countries receive in foreign direct investment and foreign aid combined.
Fear is being promoted across the board to "justify" an entire political-economic system that is now geared almost entirely to rampant militarism and rapacious financial elitism. Anything to divert attention from the crimes and corruption of our own power structures, which are wreaking more destruction on "the American way of life" than any terrorist organization could ever do.
Authored by Steve Watson, originally posted at PrisonPlanet.com,
The White House cannot name one single shooting incident that would have been prevented by gun control legislation.
As President Obama prepares executive action to pass further gun control legislation, one errant reporter asked the White House press secretary exactly how such proposals would have prevented any recent mass shootings.
Josh Earnest couldn’t directly answer the question and floundered around repeating the same talking points over and over again.
When we first detailed the link between a devaluing currency, increasing restrictions on outflows of China capital, and Bitcoin, the virtual currency soared (driven by Chinese flows, just as predicted). The last few days, as China has once again started devaluing its currency, authorities once again moved to tighten capital outflows - this time through caps on credit-card withdrawals (as warned here) - and sure enough, Bitcoin has been soaring recently.
Submitted by David Stockman via Contra Corner blog,
The graph below belongs in the “what were they thinking category”.
After Tuesday’s dividend massacre, it’s plain as day that Kinder Morgan (KMI) wasn’t the greatest thing since slice bread after all. That is, a “growth” business paying rich dividends out of rock solid profit margins and flourishing cash flow.
In fact, it was just a momo stock on a borrowing spree.