Saturday, December 5, 2015
The Road Home: How will the Fed raise interest rates? Back of the envelope scribbling suggests that driving up the price of money by 0.25% would take the equivalent of a reverse repo of $800 billion. Quietly and without disturbing the sheep.
The Long Haul: Last year the cops in the US took more stuff from people than burglars did.
Present At The Creation: Retired Gen. Michael Flynn, former head of US special forces says that the “Islamic State would not exist if Bush didn’t invade Iraq.” And that the emotional response to 9/11 led to “disastrous military policies that failed to address the root causes of terrorism.” Golly gee.
Delivery: In the long run it is not Turkey that is buying the Caliphate's oil (and the Kurd's oil - which is essentially stolen from Iraq), it is the Western oil powers who – through their political control - permit and encourage Turkey, with the goal of ending up themselves in control of "every possible oil asset in Iraqi Kurdistan and then in “liberated” Syria.
Over There: In Lithuania, government provided public wifi has an average speed of 16.1 Mbps, the best in the world. How much you paying for your slow connection?
Step Two: Along with requiring every Greek to tell the government how much cash, gold and jewelry is tucked away at home, the government is also edging toward a cashless society, were everything is done with credit cards tied to bank accounts – all under the watchful eye of the tax collectors from Berlin.
Grin and Bear It: The Bureau of Laughable Statistics claims that unemployment has remained at 5% - and never mind that the employment to population ratio is stuck at 58.3%.
Musical Chairs: Investment banks say that the last best hope for the ailing metals mining industry is for the big guys to continue producing even at a loss, in hopes of driving smaller, less profitable and more highly leveraged companies out of business. See also: The oil business. Capitalism at its best.
The Assassination Bureau: US-led special operations units are “finding and killing a mid- to high-level Islamic State leader every two days.
Posted by Charles Kingsley Michaelson, III at 7:53 AM