United States

A strong and deep 7.00 magnitude earthquake struck Russia’s Far Eastern Kamchatka peninsula on Saturday morning according to the US Geological Survey (USGS) The quake hit 106 kilometers north of Petropavlovsk-Kamchatskiy, the capital city of Russia’s Kamchatka Krai. According to the Geological Survey the quake occurred at 0325 GMT at a depth of 160 kilometres (100 miles), about 95 kilometres northeast of the Russian town of Yelizovo in the Kamchatka Krai region.

Submitted by Justin Raimondo via AntiWar.com,

I haven’t had this much fun in years – of course I’m talking about the US presidential election season, with The Donald taking on all comers, and winning (at least so far), and Bernie Sanders burning up the self-satisfied mandarins of the Democratic party Establishment.

What’s great about this spectacle – and one must view it as a spectacle in order to gain maximum enjoyment from it – is that, as none other than Rush Limbaugh points out:

Going into Friday, Japanese monetary policy already stood out as the most egregious example of Keynesian insanity the market has ever witnessed.

You’ll recall the central bank is monetizing the entirety of gross JGB issuance and is on a lunatic quest to own the entire ETF market.

But the BoJ still hadn’t gone full-Krugman by taking rates negative. That changed overnight when the bank took the NIRP plunge as Haruhiko Kuroda reminded the world that when it comes to maniacal monetary policy, no one does it like he does.

As relations between Russia and the West grow increasingly chilly, US officials have revealed that Vladimir Putin is an alien from a cold and distant planet. The Russian leader visits planet RU-thless84 on occasions, where it is rumored he stores his loot from his strong-arm tactics on earth. Putin is reported to have accumulated tens of billions of dollars on his home planet, that is thought to have an extremely cold atmosphere and contains an ocean of ancient fossil life forms under its frozen surface.

Submitted by Pater Tenebrarum via Acting-Man.com,

An Imaginary Bogeyman

What’s a Keynesian monetary quack to do when the economy and markets fail to remain “on message” within a few weeks of grandiose declarations that this time, printing truckloads of money has somehow “worked”, in defiance of centuries of experience, and in blatant violation of sound theory?