As WTI Drops Under $90, Russia Prepares For Great Financial Crisis With $60 Oil “Stress Case”

The plunge in the price of crude oil in the last few months has many global-recovery-truthers questioning their assumptions. Between slowing growth expectations, US (and Libya and Iraqi Kurds and Russia) supply, and Saudi Aramco cutting prices (argued as maintaining market share but has the smell of a quid pro quo over Syria), oil prices have broken below $90 today to 17-month lows. However, for some major suppliers there is concern that more pressure is to come, as Reuters reports, Russia’s central bank is working on measures to support the economy should oil prices fall by as much as a third or more, as First Deputy Governor Ksenia Yudayeva as saying the central bank was working on a “stress scenario” that was likely to envisage an oil price of $60 per barrel. Of course, as we noted previously, there is always the ‘oil-head-fake’ and as one analysts noted, “the main OPEC countries would experience budget difficulties long before that and would have to take action to cut supply.”
There are numerous reasons for the drop in oil prices (as Ransquawk summarizes),

This post was published at Zero Hedge on 10/02/2014.

U.S. Government & CDC Are Not Disclosing Everything About Ebola – Episode 482

The following video was published by X22Report on Oct 2, 2014
August factory order plunge most on record. President Obama reports that the economy is recovering and looking good. Chinese renminbi is now directly tradeable with the Euro. Russian and Iran decide to use their own currencies and bypass the dollar. CDC not giving all information regarding Ebola. Report filed that emergency response teams have been a given a heads up for October Ebola crisis. Argentina believes the central bankers/US Government are coming after her next. US stopped importing oil from Nigeria. Turkey approves operations in Iraq and Syria. U. S. moderate rebels (paid mercenary terrorists) bombed a school with a children.

You Know It’s Bad When…

President Obama is saying the economy is better, Bernanke is warning that real people don’t believe that; and while earning $250,000 per speaking engagement, Ye ‘Olde’ Fed head was unable to refinance his mortgage…
The world has gone insane…
First, President Obama unleashes his ‘the economy is doing great so stick with the Democrats at the election’ strategy:

This post was published at Zero Hedge on 10/02/2014.

Sales of pandemic preparedness supplies skyrocket 143,000% following announcement of Ebola in America

(NaturalNews) All those who have long been prepping for a pandemic outbreak are suddenly looking like geniuses. With Ebola having now reached America and possibly spread to schoolchildren and medical staff, informed Americans are rushing to purchase protective supplies such as isolation gowns, Tyvek body suits, latex gloves and N95 masks.
In just one day, sales of Tyvek body suits on — recommended in a Natural News article — rose 143,325% (see screen capture from below).
Many of the supplies used for personal and family protection in a pandemic are already sold out. Others remain in supply but are rapidly being depleted. What’s clear is that many of these supplies won’t last very long. For example, Gaia Herb’s Black Elderberry Extract on is down to just two left in stock as of this writing. (Elderberry extract has known antiviral properties, but of course like everything else it has never been tested or proven against Ebola.)
Authors such as Daisy Luther writing on have put together some very comprehensive preparedness lists. Check out her latest story: Ebola Confirmed in America: Here’s What You Need To Do Right Now.
The list of supplies recommended in that article is quite comprehensive and includes safety goggles, N95 masks, nitrile examination gloves, antibacterial cleaners and more.

This post was published at Natural News on October 02, 2014.

The Fake Terror Threat Used To Justify Bombing Syria

As the Obama Administration prepared to bomb Syria without congressional or U. N. authorization, it faced two problems. The first was the difficulty of sustaining public support for a new years-long war against ISIS, a group that clearly posed no imminent threat to the ‘homeland.’ A second was the lack of legal justification for launching a new bombing campaign with no viable claim of self-defense or U. N. approval.
The solution to both problems was found in the wholesale concoction of a brand new terror threat that was branded ‘The Khorasan Group.’ After spending weeks depicting ISIS as an unprecedented threat – too radical even for Al Qaeda! – administration officials suddenly began spoon-feeding their favorite media organizations and national security journalists tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. Seemingly out of nowhere, a new terror group was created in media lore.
The unveiling of this new group was performed in a September 13 article by the Associated Press, who cited unnamed U. S. officials to warn of this new shadowy, worse-than-ISIS terror group:
While the Islamic State group [ISIS] is getting the most attention now, another band of extremists in Syria – a mix of hardened jihadis from Afghanistan, Yemen, Syria and Europe – poses a more direct and imminent threat to the United States, working with Yemeni bomb-makers to target U. S. aviation, American officials say.
At the center is a cell known as the Khorasan group, a cadre of veteran al-Qaida fighters from Afghanistan and Pakistan who traveled to Syria to link up with the al-Qaida affiliate there, the Nusra Front.
But the Khorasan militants did not go to Syria principally to fight the government of President Bashar Assad, U. S. officials say. Instead, they were sent by al-Qaida leader Ayman al-Zawahiri to recruit Europeans and Americans whose passports allow them to board a U. S.-bound airliner with less scrutiny from security officials.
AP warned Americans that ‘the fear is that the Khorasan militants will provide these sophisticated explosives to their Western recruits who could sneak them onto U. S.-bound flights.’ It explained that although ISIS has received most of the attention, the Khorasan Group ‘is considered the more immediate threat.’
The genesis of the name was itself scary: ‘Khorasan refers to a province under the Islamic caliphate, or religious empire, of old that included parts of Afghanistan.’ AP depicted the U. S. officials who were feeding them the narrative as engaging in some sort of act of brave, unauthorized truth-telling: ‘Many U. S. officials interviewed for this story would not be quoted by name talking about what they said was highly classified intelligence.’
On the morning of September 18, CBS News broadcast a segment that is as pure war propaganda as it gets: directly linking the soon-to-arrive U. S. bombing campaign in Syria to the need to protect Americans from being exploded in civilian jets by Khorasan. With ominous voice tones, the host narrated:

This post was published at The Burning Platform on 2nd October 2014.

SP 500 and NDX Futures Daily Charts – Internet Stinkers, Non-Farm Payrolls Tomorrow

The US economic data this morning was pretty much lackluster.
Tomorrow is the big Non-Farm Payrolls report. I’ll save any speculation about it until we see the numbers.
Stocks were off in part in sympathy with markets in Europe.
A couple of internet IPOs on the Frankfurt exchange, Rocket Internet and Zalando, came out this week and then flopped in the after trade over ten percent. No one does lipstick better than the NYSE, I’ll give them that. People are wondering if the internet miracle story is getting a bit thin.
Speaking of getting a bit thin, President Obama was giving a pep talk at an outpost among the indigenous peoples of the US at Northwestern University today. He presented a laundry list of his accomplishments, and went on to say:
“I am not on the ballot this fall. Michelle’s pretty happy about that. But make no mistake: these policies are on the ballot. Every single one of them.”
I am sure the Republican Party was doing cartwheels over that one. The economy is widely perceived as failing the great bulk of the American people, serving corporations and the wealthiest few, and rightly so.
By underscoring the role that his policies have had by commission and omission, and making the midterm elections a referendum on his policies, Obama did more good for the political opposition than even his tone deaf, aloof self probably realizes.

This post was published at Jesses Crossroads Cafe on 02 OCTOBER 2014.

The Economic Implications Of A Potential Ebola Pandemic In The United States

For the moment, our top public health officials are quite adamantthat there absolutely will not be a major Ebola outbreak in the United States. But what if they are wrong? Or what would happen if terrorists released a form of weaponized Ebola or weaponized smallpox in one of our major cities? What would such an event do to our economy? I think that we can get some clues by looking at the economic collapses that are taking place in Liberia, Guinea and Sierra Leone right now. When an extremely deadly virus like Ebola starts spreading like wildfire, the fear that it creates can be even worse for a society than the disease. All of a sudden people don’t want to go to work, people don’t want to go to school and people definitely don’t want to go shopping. There are very few things that can shut down the economy of a nation faster. Considering the fact that our big banks are being more reckless than ever, we better hope that we don’t see a “black swan event” such as a major Ebola outbreak come along and upset the apple cart. Because if that does happen, our Ponzi scheme of an economy could implode really quick.
Right now there is just one confirmed case of Ebola in Texas. If they isolated him before he infected anyone else, we might be okay for the moment. But already we are being told that there may be “a possible second Ebola patient” in Dallas…

This post was published at The Economic Collapse Blog on October 1st, 2014.

Three Alarming Leaks From One CIA Insider (Exclusive Content)

Imagine you’re standing on a peaceful snow-covered hill…
Birds are chirping. The powder is fresh and untouched. What a beautiful day, you think.
Then you hear a rumble. And then another.
‘Oh, sh*t,’ you say. ‘That’s an avalanche!’
Hunker down, my friend. You’re not going to outrun this one…
As you dig your way out, think about how this happened…
Everything was so calm. So peaceful.
All it took was one teeny-tiny snowflake to land the wrong way…
And BOOM. Several years of built-up snow collapsed all at once. And all hell broke loose on everything in its path.
Alright. You might be wondering…
Why, after asking that you not share this episode, are we talking about avalanches?
Good question. I’ll get to that in a moment too.
First, here’s something we don’t get to say everyday…
You may’ve already heard: One CIA insider was at our Baltimore HQ this week.
Meaning, it’s time for us to formally introduce you to the ‘mystery man’ everyone’s been talking about.
He’s the newest member of our team and we’re thrilled to have him on board.
‘This is a guy,’ a colleague, Dave Gonigam said yesterday, ‘who knows people high up in the power structure and is willing to call BS on them when he sees it. Do you have any idea how rare that is?’
His name, as I revealed in yesterday’s episode, is Jim Rickards.
You know better than anyone, we’re natural skeptics of anything the establishment spits out…
But this guy is an outlier.
He’s been called ‘one of the world’s brightest minds in finance and geopolitics…’
‘The smartest man in the room.’
And ‘probably the world’s baddest of the bad-asses in understanding and explaining the modern monetary theory.’
Up until now, he’s given personal attention only to private investment funds, investment banks, the CIA, the Pentagon, the NSA and 14 other U. S. intelligence agencies.
He’s been hired by many of these organizations to help them prepare for the brewing financial catastrophe.
Moreover, he’s helped the Pentagon develop a predictive model to protect the U. S. from another Sept. 11.
But that doesn’t mean he’s beholden to any of them. In fact, quite the opposite.
And to prove it, he’s devoting all his attention to you.
‘My mission,’ he told us, ‘is to help everyday Americans not be ripped off by people who know better who won’t be honest with the American people.
‘Bankers, government – both parties. There are enough people in positions of real power who see what I see and won’t be honest with people about it.
‘And they’re perfectly prepared for all those people to lose all their money. I think that’s despicable.’

This post was published at Laissez Faire on OCT 2, 2014.

President Obama Explains How Great The Economy Is Doing Since He Took Over – Live Feed

This should be good…

This post was published at Zero Hedge on 10/02/2014.

Tensions Mount in Hong Kong as Protest Enters 5th Day

Protests in Hong Kong entered the 5th day with no sign of letup.
The protest movement followed a controversial decision in which candidates for chief executive of Hong Kong in the 2017 elections be made by a committee, rather that a general election. Election by committee is billed as “election reform”.
Protests intensified after police used teargas in an attempt to disperse student protesters. Pro-democracy protesters now number in the hundreds of thousands. The protesters demand a free election and the resignation of Hong Kong’s current chief executive CY Leung.
This is the greatest mass protest in China since the Tiananmen Square Protests of 1989.
Beacon of Hope
Bloomberg comments on Hong Kong Autonomy
Hong Kong is an island of free speech and civil liberties in an authoritarian sea. It is not, however, a democracy. Hong Kong citizens have never had the power to choose their top leader, neither as part of China since 1997 nor as an outpost of the British Empire for 156 years before that. Now the prospect of the first direct election of a chief executive in 2017 is increasing the tension between Hong Kong’s yearning for autonomy and China’s for loyalty.
Tensions Mount
The Financial Times reports Tension Mounts in Hong Kong as Police Mass…

This post was published at Global Economic Analysis on October 02, 2014.

PBS Producer Who Toppled Eric Holder’s Criminal Chief Gets an Award

Martin Smith, producer extraordinaire of some of the most riveting documentaries for the PBS program, Frontline, has received the 2014 John Chancellor Award for Excellence in Journalism, presented by the Columbia University Graduate School of Journalism.
Typically, our reaction to journalism awards is akin to that of the late Alex Cockburn, author, columnist and long-time co-editor of the sassy web site, who had this to say on the subject in 2009:
‘…as a rule CounterPunch disapproves of the endless prizes the journalism industry awards itself. Many years ago, the great editor of Le Monde, Hubert Beuve-Mery, let it be known that anyone at his newspaper accepting an award would be fired. These farcical rituals peak in the annual absurdities of the Pulitzers…
‘Now I see that another CounterPuncher has been given a major journalism prize. His newspaper reports that ‘Patrick Cockburn, The Independent’s foreign correspondent, has won the 2009 Orwell Prize, the most prestigious award for political writing in British journalism.’ The judges hail his work as ‘an exemplary untangling of the political and social complexity that lies behind one of the world’s great crises.’ They praised the manner in which Cockburn’s work ‘enriches our understanding.’ This is well merited praise, but…the Orwell Prize? I have not yet had an opportunity to remonstrate with Patrick about accepting a trophy etched with the name of a police informer. I can only hope that some very substantial financial dispensation accompanied the award – the sole argument for accepting this or any such prize. At least our parents are not alive to witness this shame.’

This post was published at Wall Street On Parade on October 2, 2014.

Is This Why Christine Lagarde Is Suddenly “Quite Worried” About Disconnect Between Market, Economy?

It appears the ruling elite have finally woken up to the reality in which the rest of the world’s laboring populace has been living. IMF head Christine Lagarde stated this morning she is “monitoring buoyant markets” with “lots of hesitation” while noting “weak economies.” We have one simple question for the oompa-loompa-colored ‘economic expert’ – what took so long?

This post was published at Zero Hedge on 10/02/2014.

Shock: Cameron Pledges Tax Cuts … But Few Seem to Believe

David Cameron: he said everything we might have hoped for … Uncharacteristically, I’m almost lost for words – or at least for critical words. David Cameron said pretty much everything I wanted him to say in his belter of a conference speech. He chose to identify his overall theme as a “Britain people can be proud to call home”. What this amounted to in effect was a picture of a social morality based on rewards for hard work, personal responsibility, pride in your achievements, and true fairness (which is to say, getting “something for something” rather than something for nothing). And, most important, the idea that permitting people to live in permanent dependency was not just a waste of money, but a waste of life. – UK Telegraph
Dominant Social Theme: Taxes are to be raised whenever possible so the government can provide an appropriate level of goods and services.
Free-Market Analysis: In a wide-ranging speech and fresh off a “no secession” vote in Scotland, UK Prime Minister David Cameron sounded like a convert to free-market thinking. This has sent conservative journos into a kind of subdued adulatory shock – and editorialist Janet Daley is obviously among them.
What is ironic is that while Daley musters considerable enthusiasm for Cameron’s announced policies, her audience is considerably more skeptical. As of this writing, she had mustered over 1,000 feedbacks, many negative.

This post was published at The Daily Bell on October 02, 2014.

Legal Fiasco: British Prosecutors Fail to Charge Gitmo Survivor Moazzam Begg with Terrorism

21st Century Wire says…
It would make a great legal comedy sketch, if wasn’t so real…
Today British prosecutors dropped seven ‘terrorism’ charges against former Guantanamo prison detainee, Moazzam Begg a week before the trial was set to begin.
Prosecutor Christopher Hehir presided over one of the more embarrassing moments in Old Baily history, fumbling a high-profile political show trial at the eleventh hour. As it turns out, there was no case to begin with…

After ‘Secret intelligence material’ was handed to prosecutors, Hehir saw an exit strategy from a potential humiliation in court. Was it really intelligence material, or was it just a polite note from the Home Secretary or Cabinet Office, informing Hehir to kindly put down a dead horse?
How much did this whole fiasco cost the British taxpayer? Aside of the financial costs, the cost in terms of public loss of confidence is immeasurable.
At first, British authorities may have thought they had a slam dunk because Begg had traveled to Syria. As it turned out, Begg had traveled there in a human rights observer capacity and regularly blogged about his trip. The reason the state came after Begg is anyone’s guess, but his is stance on Syria – which runs contrary to the British government’s own narrow stance of regime change and arming rebel terrorists in Syria – makes Begg seem like an easy target to frame for crimes seemingly invented by British authorities.

This post was published at 21st Century Wire on OCTOBER 2, 2014.

Ebola In U.S.,Will It Be Used To Declare Martial Law? – Episode 481

The following video was published by X22Report on Oct 1, 2014
Euro-zone manufacturing growth slows again. More companies are laying off employees. U. S. construction spending is down. U. S. manufacturing declining while new orders tumble. OECD warns of an economic slowdown verging on a collapse. UK pushing to take away the rights of the people. US wants neighborhood watch leaders to tell on their neighbors. Ebola is now in the US, the first case has been confirmed. This could be used to declare martial law. Russia is now confirming that the Hong Kong protested are being pushed and funded by the US. Ukraine received new military equipment and sends it to the east. US and Israel pushing the propaganda that Assad still has chemical weapons and he will use them soon.

America’s Never-Ending War in the Middle East

While President Obama continues – at least for now – to resist redeploying large numbers of U. S. soldiers to fight the Islamic State on the ground, the military components of the anti-Islamic State strategy he has laid out effectively recommit the United States to its post-9/11 template for never-ending war in the Middle East. In the end, such an approach can only compound the damage that has already been done to America’s severely weakened strategic position in the Middle East by its previous post-9/11 military misadventures.
Thirteen years after the fact, most of America’s political and policy elites have yet to grasp the strategic logic that motivated the 9/11 attacks against the United States. Certainly, al-Qa’ida was not averse to damaging America’s economy and punishing its people. But Osama bin Laden knew that effects of this sort would be finite, and thus of limited strategic value; he had no illusions about destroying ‘the American way of life.’
The real objective of the 9/11 attacks was to prompt American overreaction: to goad Washington into launching prolonged military campaigns against Muslim lands. These campaigns would galvanise popular sentiment across the Muslim world against the United States, mobilise Middle Eastern publics against regional governments (like the one in bin Laden’s native Saudi Arabia) that cooperate politically and militarily with it, and rally them in favor of jihadi fighters who resist American domination. Looking ahead, the al-Qa’ida leader anticipated that local backlash against U. S. overreaction to a terrorist provocation would ultimately undermine the regional foundations of America’s ability to project massive amounts of military force into the Middle East, compelling it to disengage from the region and go home.
Viewed through this frame, the United States fell for bin Laden’s plan with appalling alacrity. America’s post-9/11 invasions cum campaigns of coercive regime change in Afghanistan, Iraq, and Libya have been strategic failures, leaving the United States weaker – in terms of its ability to achieve its stated goals in the Middle East, its economic position, and its standing as a global superpower – than before. And the most important factor ensuring the failure of these campaigns was that they eviscerated the perceived legitimacy of American purposes in the Middle East for the vast majority of people living there. As a result, America’s self-declared ‘war on terror’ has made the threat to U. S. interests from violent jihadi extremists vastly more broad-based, complicated, and dangerous than it was thirteen years ago.

This post was published at Ron Paul Institute on October 1, 2014.

Federal Regulatory Cost, 2013: $1.9 Trillion

Taxation, regulation, inflation, and war: these are the four horsemen of the federal apocalypse. Cut these, and the state gets smaller. Of these, regulation gets the least attention.
Regulation is the heart of the beast, for it operates in secret. It can be found in the pages of The Federal Register: about 80,000 pages, three columns, per year. But this only lists the regulations, not the financial burden.

This post was published at Tea Party Economist on October 1, 2014.

Ebola-Stricken West African Economies Are Crashing

We warned five weeks ago of the potential economic damage that the Ebola virus could do to West African economies, and now it appears The IMF, The World Bank, and the United Nations Food and Agricultural Organization have warned that Liberia and other West African economies, as WaPo reports, begun a frightening descent into economic hell. Fear that “that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised” are no longer scenarios – they are real! Annual inflation rates have doubled, fuel sales are down 35%, Liberia’s productivity is down 50-75%, and “micro-trade” financing is “completely depleted.”
The IMF warns ‘In addition to exacting a heavy human toll, the Ebola outbreak is having a severe economic and social impact, and could jeopardize the gains from a decade of peace.’

This post was published at Zero Hedge on 10/01/2014.

Who Is Buying The Islamic State’s Illegal Oil?

In June 2014, computer files captured from a courier for the Islamic State shortly after the fall of Mosul revealed that the group had assets of $875 million, largely gained in the sacking and looting of Mosul and its central bank.
The size of the group’s bank account has now risen to an estimated $2 billion dollars, thanks in part to revenues from ransom paid for kidnapped foreigners and more pillaging. However, oil remains the group’s primary source of income.
The 11 oil fields that IS controls in Iraq and Syria have made it a largely independent financial machine. Reports show that IS-controlled fields in Iraq produce between 25,000 and 40,000 barrels of oil per day, at an estimated value of approximately $1.2 million, before being smuggled out to Iran, Kurdistan, Turkey and Syria.
That doesn’t account for revenue from oil fields that IS has held much longer in Syria, which take the Islamist group’s daily profit to just under $3 million.

This post was published at Zero Hedge on 10/01/2014.

Is China Facing Another Tiananmen Square Moment?

What began with several small student groups protesting the government in Hong Kong, has escalated into a tidal wave of unrest in one of China’s biggest financial hubs. How the central government responds to this resistance, may end up shaping the future of China for decades to come.
Angered by Chinese President Xi Jinping’s plans to undermine Hong Kong’s democratic system, tens of thousands of protesters have taken to the streets to reclaim their rights. The droves of young citizens currently occupying the streets of Hong Kong, have issued an ultimatum to the central government in Beijing. If the government does not respond their demands by Wednesday October 1st, the protesters will take their unrest to the next level:
We face three foreseeable choices. The first is to widen the protest areas across the city, the second is to launch a labour strike and the third is to occupy a government building,’ Federation of Students secretary-general Alex Chow said.
Occupy Central leader Chan Kin-man echoed the students’ demands and insisted on the resignation of Hong Kong Chief Executive Leung Chun-ying.
‘Only then can we elect a new government and restart the political reform process,’ Chan said.

This post was published at The Daily Sheeple on October 1st, 2014.