Say A Little Prayer

Monthly Investment Outlook from Bill Gross

I’m not what you would call a “prayerful” type of guy. Even at 30,000 feet, when the air gets rough, I never invoke the “God” word, settling instead for promising myself that if I ever get back to terra firma, I will never fly again, which I promptly forget days or even hours later. It’s not that I’m a non-believer in prayer’s ultimate destination, but more of a cynical take on why the Lord would hand out party favors to everyone that asked, or to those that asked most intently.

Funny, too I think, about how I learned two different versions of the Lord’s Prayer: one – the Protestant litany – spoke to “forgiving our debts as we forgive our debtors”; the other – maybe a more traditional Catholic influenced version – substituted “forgive our trespasses as we forgive those who trespass against us.” The differences never much bothered me as I prayed less and sinned more into my teenage years, but later I got to thinking about it as I entered the bond market and began to contemplate the odds of paying and being paid, or trespassing and being trespassed against with other people’s money. Given a chance, I thought I would infinitely prefer forgiving a trespasser as opposed to a debtor. Continue reading

Alan Greenspan: This is ‘extremely dangerous’

Please see the website source for the video.

 

While markets hone in on the Federal Reserve’s monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending.

On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.

Continue reading

When Hitler Youth summered near Long Island

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Three flags are flown during a 25-minute film taken at a Nazi youth camp in the United States in 1937: the camp emblem, the American flag, and the swastika. (YouTube screenshot)

 

Throughout the latter half of the 1930s, 19 Nazi summer camps and family retreats operated across the United States, from New York to California. Sponsored by the Deutsche-Amerikanische Berufsgemeinschaft, DAB, or German-American Bund, the camps were set up to indoctrinate children and adults with Nazi ideology.“The camps basically had everything the Hitler Youth camps had in Germany. Their uniforms were similar, right down to the Sam Brown belts and swastikas on the arms,” said Arnie Bernstein, author of the 2014 book, “Swastika Nation: Fritz Kuhn and the Rise and Fall of the German-American Bund.”

The campers, aged 8 to 18, wore official uniforms and carried official banners of the Hitler Youth. Most were the children or grandchildren of German immigrants or naturalized citizens. Continue reading

An Expert That Correctly Called The Last Two Stock Market Crashes Is Now Predicting Another One

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What I am about to share with you is quite stunning.  A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one.  John Hussman is a former professor of economics and international finance at the University of Michigan, and the information in his latest weekly market comment is staggering.  Since 1970, there have only been a handful of times when a combination of market signals that Hussman uses have indicated that a major market peak has been reached.  In 1972, 2000 and 2007 each of those peaks was followed by a dramatic stock market crash.  Now, for the first time since the last financial crisis, all four of those signals appeared once again during the week of July 17th.  If Hussman’s analysis is correct, this could very well mean that the next great stock market crash in the United States is imminent.

It was an excellent article by Jim Quinn of the Burning Platform that first alerted me to Hussman’s latest warning.  If you don’t follow Quinn’s work already, you should, because it is excellent.

When someone is repeatedly correct about the financial markets, we should all start paying attention.  Back in late 2007, Hussman warned us about what was coming in 2008, but most people did not listen. Continue reading

Iran says it will ban US experts from UN nuclear inspections

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TEHRAN — Iran will not allow American or Canadian inspectors working for the U.N. nuclear watchdog to visit its nuclear facilities, an official said in remarks broadcast by state TV on Thursday.

Deputy Foreign Minister Abbas Araghchi said Iran will only allow inspectors from countries that have diplomatic relations with it. The previously undisclosed remarks were made during a Sunday meeting with parliamentarians. Continue reading

Egypt and Saudis sign pact boosting military, economic ties

‘Cairo Declaration’ calls for new joint Arab army to fight regional terrorism

Egypt and Saudi Arabia signed a pact in Cairo on Thursday aimed at boosting military and economic ties between the two Arab allies.

On Thursday, a Saudi delegation led by Deputy Crown Prince Mohammed bin Salman visited Cairo and signed the “Cairo Declaration,” also attending a military parade with President Abdel-Fattah el-Sissi. Continue reading

Russian Intermediate-Range Nuclear Forces: What They Mean for the United States

Abstract

The 1987 Intermediate-Range Nuclear Forces (INF) Treaty between the U.S. and the Soviet Union was one of the most significant arms-reduction accomplishments of the Cold War. The INF Treaty led to the elimination of ground-launched ballistic and cruise missiles with ranges from 300 miles to 3,400 miles, their launchers, and associated support structures and support equipment. In 2014, the U.S. State Department officially accused Russia of violating the treaty. The allegation sparked renewed interest in the utility of the agreement for the United States, and in the implications of Russia’s violations for U.S. allies in Europe. Russia’s aggressive and illegal behavior and the inability of the United States to bring Russia back into compliance with the INF Treaty indicate that the treaty has outlived its utility and is no longer in the U.S. interest.

The 1987 Treaty between the United States of America and the Union of Soviet Socialist Republics on the Elimination of their Intermediate-Range and Shorter-Range Missiles—known as the Intermediate-Range Nuclear Forces (INF) Treaty—was one of the most significant arms-reduction accomplishments of the Cold War era. The INF Treaty led to the elimination of ground-launched ballistic and cruise missiles with ranges from 500 kilometers to 5,500 kilometers (about 300 miles to 3,400 miles), their launchers, and associated support structures and support equipment.[1] In July 2014, the U.S. State Department officially accused Russia of violating the treaty.[2] The allegation sparked renewed interest in the utility of the agreement for the United States, and in the implications of Russia’s violations for U.S. allies in Europe. Russia’s aggressive and illegal behavior and the inability of the United States to bring Russia back into compliance with the INF Treaty indicate that the treaty has outlived its utility and is no longer in the U.S. interest. Continue reading

China and Russia to Hold Military Exercise in the Sea of Japan

Planned Parenthood “Hacking” Sure Looks Like An Orchestrated PR Stunt

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A review of the source code of the main page that appears at PlannedParenthood.org shows that as of 9:30 a.m. today, the page is listed as a “Campaign” and uses a specific template named “Site Down Tempalte” (the typo is theirs). The same page then directs visitors to the Facebook page of Planned Parenthood Action Fund, the political fundraising arm of the nation’s largest abortion provider. The web page for PPAF–which can be accessed via both plannedparenthoodaction.org and ppaction.org–repeats the same hacking claims and contains the exact same source code and template used on the PlannedParenthood.org page. Continue reading

Strategic Command Focused on Hypersonic Missile Threat

Screenshot from Chinese television report on a U.S. Army hypersonic vehicle

 

Chinese, Russian high-speed weapons a new concern

OMAHA—China and Russia are developing maneuvering high-speed strike vehicles that pose new threats to the United States, U.S. Strategic Command leaders said Wednesday.

Adm. Cecil D. Haney, Strategic Command’s (Stratcom) senior leader, said during remarks at a nuclear deterrence conference that despite arms control efforts, hypersonic weapons are among several threatening strategic trends emerging in the world. Continue reading

Iran: Obama Admin Lying About Nuclear Deal for ‘Domestic Consumption’

U.S. downplays Iranian victory to ‘soothe’ fear over deal

Senior Iranian officials are accusing the Obama administration of lying about the details of the recent nuclear accord in order to soothe fears among U.S. lawmakers and Americans about the implications of the deal, which will release billions of dollars to the Islamic Republic while temporarily freezing its nuclear program, according to reports from Iran’s state-controlled media. Continue reading

KGB spies who ‘tried to recruit’ David Cameron were just a ‘gay pick-up’

It’s interesting, to say the least, that the KGB knew nothing about Cameron then, but somehow still knew about the situation and motive.

 

Moscow’s secret services say a 19-year-old David Cameron was not targeted by spy recruits… they were gay men trying to pick him up

KGB agents tried to recruit a 19-year-old David Cameron as a Cold War spy during his gap year travels in the Soviet Union.

Or so the story goes when told by the Prime Minister.

Continue reading

China’s maritime police to hold live-fire drill in Taiwan Strait

China’s maritime police are scheduled to hold a live-fire drill in waters off the southeastern Chinese city of Xiamen Thursday, a move that Taiwan said it has been aware of and will follow closely. Continue reading

China to build 40,000-ton amphibious assault ship: Kanwa

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To compete against the Japan Maritime Self-Defense Force’s Izumo-class helicopter destroyers, China is planning to build a new class of amphibious assault ship with a displacement of 40,000 tons, according to Kanwa Defense Review, a Canada-based Chinese-language military magazine. Continue reading

The War On Cash: Why Now?

You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean?

It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash.

These limits are broadly called “capital controls.” Continue reading