Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
Flowing Toward the Great Depression
All remaining doubts concerning the place the U.S. economy and its tangled web of international credits and debts is headed were clarified this week. On Monday, Mark Yusko, CIO of Morgan Creek Capital Management, told CNBC that:
Authored by Pepe Escobar via Asia Times,
China and Syria have already begun discussing post-war infrastructure investment; with a 'Matchmaking Fair for Syria Reconstruction' held in Beijing
Amid the proverbial doom and gloom pervading all things Syria, the slings and arrows of outrageous fortune sometimes yield, well, good fortune.
A longtime Republican operative from Chicago’s North Shore who was at the center of a confusing Wall Street Journal story involving shadowy Russian hackers and Hillary Clinton’s 30,000 missing emails committed suicide, according to the Chicago Tribune. Peter W. Smith, 81, a former private equity executive and longtime political operative, killed himself in a Minnesota hotel room days after telling his story to a reporter from WSJ, according to the Chicago Tribune.
HSBC has a shaky relationship with regulators.
Back in 2012, the bank admitted that it helped Mexican drug cartels launder money and did business with Iran and other sanctioned nations. To avoid charges, it signed a deferred prosecution agreement (DPA) with the U.S. Department of Justice which required it to improve its internal controls and submit to an outside monitor.
Authored by James Howard Kunstler via Kunstler.com,
The abiding enigma of this tormented era remains: why has the thinking class of America abandoned thinking?
The answer is: it’s the reaction to their own failure.
Failure to do what? To produce the utopia that Gnostic liberalism promised - a perfect world based on altering human nature.