Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.
That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.
Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery.
BERLIN/WASHINGTON/MOSCOW (Own report) – The EU and USA have expanded their sanctions against Russia and – in addition to individuals – have now also placed important Russian companies on their lists. Washington has restricted dealings, for example, with Rosneft and the Gazprombank. Brussels has announced the possibility of preventing EU companies from doing business with Russian companies and is planning to list them by the end of July. German business circles are protesting. They have already suffered billions in losses. Experts are warning that, with its sanctions against Russia, the West may experience, in the economic arena, an overreach similar to that experienced by the US in the military arena with its war on Iraq. With the power of the West obviously waning, it has already become noticeable that even close allies are defecting. Observers explain this with the Crimea conflict: NATO countries had been unable to retain the Crimea within the reign of its allied Ukrainian government; therefore it seems that an alliance with NATO countries would no longer be a reliable assurance against ones enemies. Defections can be noticed in Asia and Latin America, not least of all because of the recent founding of the BRICS development bank, rivaling the US-dominated World Bank. Russia and China are among the founders of this bank. Continue reading
Texas Gov. Rick Perry plans to announce he will activate the Texas National Guard at a news conference Monday in Austin, said state Sen. Juan “Chuy” Hinojosa, D-McAllen.
Hinojosa did not have details of the effort, but an internal memo from another state official’s office said the governor planned to call about 1,000 Texas National Guard troops to the Rio Grande Valley — at a cost of about $12 million per month.
The memo was provided to The Monitor on the condition of anonymity because the information is not yet public.
Troops are expected to enter the area gradually, building up to 1,000 after about a month, the memo said. Continue reading
EXCLUSIVE: RINCON PENINSULA, Texas — U.S. Border Patrol agents on the American side of the Rio Grande were forced to take cover Friday night when high-caliber weaponry was fired at them from the Mexican side of the river, sources told FoxNews.com.
Border Patrol sources confirmed Gohmert’s account, and said the shots may have been fired by .50-caliber weapons.
“We don’t have any armor that can stop a .50-caliber round, so our Border Patrol agents had to take cover when the rounds were richocheting around them,” said Gohmert, who has been in the area for the last week to get a first-hand look at the border situation. Continue reading
Intercepted phone calls purportedly between Russian military intelligence officers and members of a pro-Russian separatist group that appear to capture the moment the rebels realized the plane they shot down was a civilian passenger plane could be the smoking gun that helps prove Malaysia Airlines Flight 17 was downed Ukraine by the insurgents.
The tapes were released by SBU, Ukraine’s security agency, and transcript was published in the Kiev Post. It appears to capture the chaotic moments after the plane was shot down — and the realization that it was a passenger plane rather than a Ukrainian transport plane, which had been targeted in recent days by the Russia-backed separatists.
“We have just shot down a plane,” says a man the SBU identified as Igor Bezler, a Russian military intelligence officer and leading commander of the self-proclaimed Donetsk People’s Republic. Continue reading
The White House has picked the first female general to head the Air Force in the Pacific, which will make her the first non-pilot to command air power in such a large theater of operation.
The Pentagon announced this week that Air Force Lt. Gen. Lori J. Robinson has been nominated for promotion to four-star general and as commander of Pacific Air Forces, the Air Force component of U.S. Pacific Command. It is a major combatant command whose air, ground and naval forces have broad responsibility for security in the Asia-Pacific region. Her nomination was sent to the Senate for confirmation.
Gen. Robinson is not a career pilot. Her military profession is air battle manager. She has served aboard the Air Force’s surveillance aircraft, the E-3 AWACs and E-8 JSTARS, and she was nominated for a promotion amid a drive for more diversity in the Pentagon.
A retired pilot said there is a reason the Air Force historically has put a pilot in charge of large combatant command Air Forces.
“It is because you make operational decisions that require the understanding of what you are going to ask pilots to execute in combat where the wrong decisions mean the difference between life and death,” the retired pilot said. “Now her vice commander and director of operations will be rated fighter pilots, but still she makes the decisions.” Continue reading
“The bear is loose!” President Obama has been saying, whenever he leaves the White House to visit Starbucks, or sandwich shops, or burger joints, or BBQ shacks, or neighborhood diners, in his increasingly rote and pathetic attempts to “connect” with “real people.” Obama, we have been told, is frustrated, “restless,” bored with the responsibilities and chores of office. He thinks of himself as the bear—intimidating, wild, untamed, roving—escaping his den. But he is flattering himself. Obama is not the bear. He is the cub: aimless, naïve, self-interested, self-indulgent, irresponsible, irresolute. The bear is in Moscow.
One can trace a line from any global hotspot to Russia and its authoritarian ruler. Iran? Russia has assisted its nuclear program for decades. Syria? Russia is Bashar Assad’s arms dealer. Iraq? Russia is sending men and materiel to the central government. Afghanistan? Putin muscled nearby Kyrgyzstan into closing our air base there, crucial for transport, resupply, and reconnaissance in the war against the Taliban. The contretemps between the United States and Germany is the result of Edward Snowden’s breach of national security. Where is Snowden? In Russia, where he has just asked to have his visa renewed. I wonder if Vladimir Putin will say yes. Continue reading
In October 2010, a Federal Bureau of Investigation system monitoring U.S. Internet traffic picked up an alert. The signal was coming from Nasdaq (NDAQ). It looked like malware had snuck into the company’s central servers. There were indications that the intruder was not a kid somewhere, but the intelligence agency of another country. More troubling still: When the U.S. experts got a better look at the malware, they realized it was attack code, designed to cause damage.
As much as hacking has become a daily irritant, much more of it crosses watch-center monitors out of sight from the public. The Chinese, the French, the Israelis—and many less well known or understood players—all hack in one way or another. They steal missile plans, chemical formulas, power-plant pipeline schematics, and economic data. That’s espionage; attack code is a military strike. There are only a few recorded deployments, the most famous being the Stuxnet worm. Widely believed to be a joint project of the U.S. and Israel, Stuxnet temporarily disabled Iran’s uranium-processing facility at Natanz in 2010. It switched off safety mechanisms, causing the centrifuges at the heart of a refinery to spin out of control. Two years later, Iran destroyed two-thirds of Saudi Aramco’s computer network with a relatively unsophisticated but fast-spreading “wiper” virus. One veteran U.S. official says that when it came to a digital weapon planted in a critical system inside the U.S., he’s seen it only once—in Nasdaq.
The October alert prompted the involvement of the National Security Agency, and just into 2011, the NSA concluded there was a significant danger. A crisis action team convened via secure videoconference in a briefing room in an 11-story office building in the Washington suburbs. Besides a fondue restaurant and a CrossFit gym, the building is home to the National Cybersecurity and Communications Integration Center (NCCIC), whose mission is to spot and coordinate the government’s response to digital attacks on the U.S. They reviewed the FBI data and additional information from the NSA, and quickly concluded they needed to escalate. Continue reading
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Gendarmerien are police forces, although they take on tasks of internal security. In contrast to the police but they are subordinated to the ministries of defense. Used in the interior they are under the authority of the Interior Ministries. They are described as “robust police issues” because they have a better weaponry, armored vehicles and military training. Therefore, they can also be used on the edge of military hostilities. There they are under the command of the responsible Department of Defense.
The EGF was originally planned around the turn of the millennium by Italy and France as EU force. Several Member States, including Germany, but had objections to such a paramilitary unit. The governments in Rome and Paris stuck to the plan and eventually founded the EGF as a multilateral, independent of EU unity. According to its statutes, the capabilities of NATO, the OSCE, the UN and the EU can be borrowed. In the foreground, however, are inserts of the European Union. Continue reading
Communist pamphleteers are using the American Federation of Teachers annual convention as a recruiting ground, according to a new video.
Men with Mao Zedong-emblazoned messenger bags distributed fliers to union members as they entered the Los Angeles convention center, where thousands of teachers have gathered to discuss the state of the nation’s second largest teachers union.
Communist literature has appeared throughout the convention floor. Issues of the communist newspaper Red Flag have also been handed out to teachers as they gathered to reelect president Randi Weingarten, one of the most influential Democrats in the nation and a leader of the shadowy Democracy Alliance. Continue reading
As the gold and silver smash continues for a second day, billionaire Eric Sprott warned King World News that the Bank of England gold vaults are empty and there will be a price to pay for what Western central planners have done. The Canadian billionaire also warned about the banking system. Below is what Sprott, Chairman of Sprott Asset Management, had to say in Part I of a remarkable series of interviews that will be released today.
Sprott: “We have the Chinese coming in and buying an extra 1,500 tons (of gold). We will have a GLD metric that could be as much as 1,000 tons just this year, year over year. The Indians haven’t changed the laws yet but I think that will be forthcoming, and they can get back into normal buying mode…. Continue reading
Speaking to the Hispanic Chamber of Commerce in Albuquerque in 2001, George W. Bush declared that, as Mexico was a friend and neighbor, “It’s so important for us to tear down our barriers and walls that might separate Mexico from the United States.”
Bush succeeded. And during his tenure, millions from Mexico exploited his magnanimity to violate our laws, trample upon our sovereignty, walk into our country and remain here.
In 2007, supported by John McCain, Hillary Clinton, Teddy Kennedy and Barack Obama, Bush backed amnesty for the 12 million people who had entered America illegally.
The latest mass border crossing by scores of thousands of tots, teenagers and toughs from Central America has killed amnesty in 2014, and probably for the duration of the Obama presidency. Continue reading
The current influx of illegal immigrants into the United States has caught many by surprise, but globalist think tanks have eagerly awaited an event like this for many years.
On June 11, 2002 a conference on North American integration was held by the Woodrow Wilson International Center for Scholars. The center, which influences policy making in Washington, is funded by the Rockefeller Brothers Fund, The Gates Foundation and George Soros. During the 2002 meeting, shocking revelations were made regarding the elite’s plans to create a North American Union between Canada, Mexico, and the United States. In order to accomplish this, representatives from various think tanks agreed that a campaign of social engineering needed to re-shape beliefs about national sovereignty and identity.
The “Toward a North American Community” conference focused on the social and ideological aspects of the creation of a North American Community. Presentations were given by representatives from Mexico, Canada, and the United States respectively. The task of each was to present the political and social atmosphere of each country in relation to “North American integration.” Stephanie R. Golob of Baruch College and member of the Council on Foreign Relations represented the United States. Continue reading
Klaus Scharioth, Berlin’s former ambassador to the US, tells DW why Germany’s expulsion of the top CIA official was right and why the current crisis is the biggest challenge yet for transatlantic ties.
Klaus Scharioth served as Germany’s ambassador to Washington from 2006 to 2011. He is currently dean of the Mercator College for International Affairs in Germany and professor of practice at Tuft University’s Fletcher School in the US.
DW: Berlin’s decision to publicly ask the head of the CIA in Germany leave the country is unprecedented in German-American relations and has triggered a major debate. Was the move justified or overblown?
I think it was a measured response. I believe there had to be a response because what happened is really an espionage overreach which you don’t have among friends. And therefore I believe the response was measured. Continue reading