Ben Bernanke: The US Economy Is Going To Go Off The Cliff In 2020

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It looks like Ben Bernanke is a Bridgewater client.

Recall that earlier this week we reported that in the May 31 “Daily Observations” letter to select clients, authored by Bridgewater co-CIO Greg Jensen, the world’s biggest hedge had an ominous, if not dire appraisal of the current economic and financial situation facing the US, and concluded that “We Are Bearish On Almost All Financial AssetsContinue reading

Britain: The “Struggle of Our Generation”

  • “We’ve got to show that if you say ‘yes I condemn terror — but the Kuffar are inferior’, or ‘violence in London isn’t justified, but suicide bombs in Israel are a different matter’ — then you too are part of the problem. Unwittingly or not, and in a lot of cases it’s not unwittingly, you are providing succour to those who want to commit, or get others to commit to, violence.” — Prime Minister David Cameron.
  • In a series of religious rulings published on its website, the Islamic Network charity advocated the murder of apostates; encouraged Muslims to hate non-Muslims; stated that when non-Muslims die, “the whole of humanity are relieved;” and described Western civilisation as “evil.”
  • The Charity Commission’s solution, however, was to give the charity’s trustees booklets titled, “How to manage risks in your charity,” and warn them not to do it again.

In a speech before Ninestiles School, in the city of Birmingham, Cameron articulated a view of the Islamist threat that, just a couple of years ago, few else in British politics would have dared to support.

In a report for BBC Radio 4, the journalist John Ware described Cameron’s speech, and the government’s proposed counter-extremism measures, as “something no British government has ever done in my lifetime: the launch of a formal strategy to recognize, challenge and root out ideology.” Continue reading