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How the US Became a Warmonger Police State

Paul Craig Roberts

Professor David Ray Griffin is a tenacious person. He has written a number of carefully researched books that demonstrate the extraordinary shortcomings in the official account of the 9/11 attack on the World Trade Center and Pentagon and the subsequent anthrax attack. He has provided the mountains of evidence completely ignored by the US government’s account and the presstitute media.

Authored by Darius Shatahmasebi via TheAntiMedia.org,

Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.

"What is THE catalyst?"

As all traders know, and as UBS repeats this morning in a new report by credit strategist Matthew Mish, one if not the mostly commonly asked questions is "what events could disrupt global corporate credit markets heading into year-end and early 2018."

Submitted by Bill Blain of Mint Partners

Blain's Morning Porridge - Fed Acts, ECB Smoking - but what?

The Fed acts. Normalisation. Hints of a rate rise in December, confirmation of further “data-dependent” hikes to come next year, and ending the reinvestment of QE income. Exactly as expected – although some say three hikes in 2018 is a bit hostage to the global economy. The effect: Dollar up. Bonds down. Record Stocks. Yellen threw the bond market a crumb when she reminded us low inflation will require a “response.”

One day after the much anticipated Fed announcement in which Yellen unveiled the "Great Unwinding" of a decade of aggressive stimulus, it has been a mostly quiet session as the Fed's intentions had been widely telegraphed (besides the December rate hike which now appears assured), despite a spate of other central bank announcements, most notably out of Japan and Norway, both of which kept policy unchanged as expected.