Today Janet Yellen and the FOMC will go back to square one and try to reset global expectations unleashed by the ill-fated December rate "policy mistake" hike, when at 2pm the Fed will announce assessment of the economy (even if not rate hike is expected today) followed by Yellen press conference half an hour later.
If there’s one person who exemplifies anti-refugee sentiment in Europe more than anyone else, it’s not Frauke Petry, it’s not Geert Wilders, and it’s not Lutz Bachmann. It’s Viktor Orban.
Orban raised eyebrows in September of last year, when the Hungarian PM built a 110-mile, razor wire migrant-be-gone fence along his country’s border with Serbia.
Submitted by Michael Snyder via The Economic Collapse blog,
Russia’s Military Aims Achieved, Putin Switches to Diplomacy
Paul Craig Roberts
American presstitutes, such as the New York Times and the Wall Street Journal, expressed surprise at Russia’s support for the Syrian ceasefire, which Russia has been seeking, by Putin’s halt to attacks on the Islamic State and a partial withdrawal of Russian forces. The American presstitutes are captives of their own propaganda and are now surprised at the failure of their propagandistic predictions.
Submitted by Simon Black via SovereignMan.com,
“Prosperity is like a Jenga tower. Take one piece out and the whole thing can fall.”
That’s a direct quote from John Williams, the President of the San Francisco Federal Reserve Bank in a speech he gave a few weeks ago.
He could have just as easily been talking about propaganda. The Fed, the White House, Wall Street, the media have a vested interest in peddling a certain narrative about the economy.