JPMorgan Warns Military Escalation In Ukraine “May Lead To A Lehman-Style Shock”

The sudden military escalation in Ukraine in recent days has, according to JPMorgan’s Alex Kantarovich, reduced the earlier hopes that the high level meeting in Minsk on 26 August would help to defuse the conflict. As Kantarovich warns, the markets are now bracing for the US/EU responses. In the worst case scenario, now appearing more likely, severe pressure on stocks may extend. As he concludes, “we believe that with the significant deterioration in the Ukrainian situation, markets may treat this as a Lehman-style shock.”
Via JPMorgan Cazenove,
Lehman moment. We believe that with the significant deterioration in the Ukrainian situation, markets may treat this as a Lehman-style shock. We note there are substantial fundamental differences between the current situation and the 2008/09 crisis; the oil price is now holding up relatively well and the economic contraction may not be that deep. On the other hand, for traded stocks, the challenges and risks to investability presented by sanctions could be practically open-ended. We demonstrate that revisiting the post-Lehman lows would imply downside of 50% from an index perspective, and ~40% from the forward P/E perspective (Fig. 1 and 2).

This post was published at Zero Hedge on 08/29/2014.

REPORT: PENTAGON FORCED MILITARY GEAR ON POLICE DEPARTMENTS

Following scrutiny surrounding the Ferguson uprising earlier this month, several local law enforcement agencies have stated that they wish to return military gear which they feel was somewhat forced onto them by The Department of Defense.
That has turned out to be easier said than done however, as the counties in which the sheriff’s offices and police departments are based are being asked to absorb the cost of transporting huge armored vehicles.
The details are revealed in a report by The Washington Times, which found ‘a number of departments complaining about the heavy armored vehicles that have been transferred, finding them to be overkill for the jobs local law enforcement needs to do.’
For example, the sheriff’s department in Chelan County, near Seattle, was forced to take three armored, tracked vehicles at the insistence of the Pentagon, when it had only asked for one in 1999.
The ten ton trucks, which were designed to carry 107 millimeter mortars, are still owned by The Pentagon. However, the military is less than keen to take them back.
‘We don’t care; we just want to get rid of them,’ said Undersheriff John Wisemore. ‘We realized they weren’t as safe for what we were going to be using them for.’

This post was published at Info Wars on AUGUST 29, 2014.

Washington Piles Lie Upon Lie – Paul Craig Roberts

The latest Washington lie, this one coming from NATO, is that Russia has invaded Ukraine with 1,000 troops and self-propelled artillery.
How do we know that this is a lie? Is it because we have heard nothing but lies about Russia from NATO, from US ambassador to the UN Samantha Power, from assistant secretary of state Victoria Nuland, from Obama and his entire regime of pathological liars, and from the British, German, and French governments along with the BBC and the entirety of the Western media?
This, of course, is a good reason for knowing that the latest Western propaganda is a lie. Those who are pathological liars don’t suddenly start telling the truth.
But there are even better reasons for understanding that Russia has not invaded Ukraine with 1,000 troops.
One reason is that Putin has invested heavily in diplomacy backed by unprovocative behavior. He would not risk his bet on diplomacy by sending in troops too few in number to have a decisive effect on the outcome.
Another reason is that if Putin decides he has no alternative to sending the Russian military to protect the Russian residents in eastern and southern Ukraine, Putin will send in enough troops to do the job quickly as he did in Georgia when the American and Israeli trained Georgian army invaded South Ossetia and was destroyed in a few hours by the Russian response. If you hear that 100,000 Russian troops accompanied by air cover have invaded Ukraine, it would be a more believable claim.

This post was published at Paul Craig Roberts on August 28, 2014.

City Council to Police: You Have 60 Days to Get Rid of Your MRAP Military Tank

Apparently not all city councils are thrilled with the idea of their local police department driving around ‘protecting’ their streets with mine resistant, ambush protected vehicles straight off the battlefields in Iraq and Afghanistan.
The city council of Davis, California, a town of about 66,000 people near Sacramento, has now adopted a resolution to ‘tank the tank’ as one protester put it, after a large crowd of concerned citizens showed up to the council’s most recent meeting. CBS13 reports:
The vehicle, worth nearly $700,000 didn’t cost the Davis Police Department a dime, as it was acquired through a federal government surplus program. The MRAP was developed by the military for the wars in Iraq and Afghanistan. After Pentagon budget cuts, the vehicle has been making its way to local law enforcement…
A big concern for protesters is the vehicle could be used to quash peaceful protests and demonstrations, especially in light of clashes between heavily-armored police and protesters in Ferguson, Missouri, following the shooting death of Michael Brown.

This post was published at The Daily Sheeple on August 28th, 2014.

Russia Invades Ukraine, ISIS Update, Israel-Hamas Cease Fire and More!

The following video was published by Greg Hunter on Aug 28, 2014
I have been predicting wider war in Ukraine, and now we have one with the Russian invasion of Eastern Ukraine. The President said in a press conference that there is not going to be a military response to this escalation, but my sources say the U. S. has been covertly helping the Ukrainians. How do you think they have been able to overtake the pro-Russian separatists in Eastern Ukraine? Looks like Vladimir Putin has had enough and is now directly involved with his military.
Meanwhile, in the Middle East, everyone is talking about ISIS or ISIL or, simply, the Islamic State. The Islamic State has taken over large parts of Iraq and Syria. Now, the Islamic State is threatening the Golan Heights on the Northern Israeli border. The President said in a press conference he ‘did not have a strategy’ for dealing with the Islamic State. What??? This after the Secretary of Defense and the head of the Joint Chiefs gave a press conference that said the Islamic State was an ‘imminent threat’ and that IS was ‘not like anything we have seen.’
The Israelis and Hamas have agreed to another cease-fire. The Israelis wanted Hamas to disarm before they opened the borders of Gaza and extended fishing off the coast. The new cease-fire allows the borders to be open for humanitarian aid and construction material to rebuild Gaza. Hamas did not agree to disarm. So, why did the Israelis cave in? I think that the military wing of Hamas has been damaged so badly that it is now much less of a threat. Israel sees wider war coming and wants Washington to resupply it with offensive weapons such as Sidewinder missiles that the Obama Administration stopped recently.

08.27.14 1830 ET: Reports Russian Armor has Invaded Ukraine, Heading towards Mariupol

While the ‘one’ continues to golf, the world moves forward in a perilous fashion. Reports are coming from the Ukrainian government and numerous reliable sources via Twitter and domestic news services that Russian troops have indeed crossed the frontier in Southeastern Ukraine and are well on their way to sealing the escape routes via the Sea of Azov creating panic in Kiev as the Ukrainian military appears to be disintegrating in the Donbas and facing possible annihilation in retaliation for the actions of the mercenary forces recruited by the Poroshenko government.

This post was published at John Galt Fla on August 27, 2014.

Is a Nationwide Local Government Backlash Against Police Militarization Beginning?

KCRA TV is reporting that the Davis, California City Council voted Tuesday evening, after hearing from concerned people at the city council’s meeting, to get rid of the police department’s Mine-Resistant Ambush Protected military vehicle. The police department had obtained the MRAP, which is valued at nearly $700,000, for free recently from the US government. Will Davis, California one day be seen as the beginning of a nationwide local government backlash against police militarization in the US?

This post was published at Ron Paul Institute on August 28, 2014.

Jane’s Defense Caught With Pants Down: Ukraine Admits Rebel Counteroffensive, Including March to the Sea

Jane’s Defense vs. Colonel Cassad Take II
In response to Jane’s Defense vs. Colonel Cassad: Someone Seriously Wrong, a close friend wrote …
Jane’s has been in business giving good advice for a century and could only do so by giving good advice. Everything I have read suggests that the rebels (who include a lot of Russian paramilitary) would have been about finished this past week, but for supplies coming in through Russian interference. The captured Russian soldiers two days ago day only make the interference look more like direct assault. Colonel Cassad, on the other hand, appears to be a complete whack job who idolizes Joseph Stalin and thinks Putin is to weak.
My Response The political views of Colonel Cassad, whether you like him or despise him are irrelevant. His military analysis, denied by Kiev for the past two weeks, took precisely one more day to prove correct.
March to the SeaFor several days, I have been commenting on a rebel “march to the sea”, and the meaning of that march. On Wednesday, mainstream news verified the accuracy of my reports. For no other reason than Ukraine could no longer hide the truth, Ukraine finally admitted what it could have and should have admitted a week ago: Rebels extend fight against Kiev to Ukraine’s south coast

This post was published at Global Economic Analysis on August 28, 2014.

NATO Says Over 1000 Russian Troops In Ukraine, “Extremely Worrying… Dire Situation”

Hot on the heels of Ukraine’s claims of ‘invasion’ and retraction of said claim, NATO is once again stepping in with strong claims about Russian ‘incursions’:
*NATO OFFICER: ESTIMATED 20,000 RUSSIAN TROOPS NEAR UKRAINE (not 17 or 45?) *NATO OFFICER: OVER 1,000 RUSSIAN TROOPS OPERATING IN UKRAINE *NATO OFFICER: 2ND FRONT RISKS CUTTING UKRAINE ARMY SUPPLY LINES *NATO OFFICER: NEW 2ND FRONT ‘EXTREMELY WORRYING’ FOR UKRAINE While NATO statements in the past have caused dramatic weakness in stocks (or been entirely shurgged off), it appears this time markets are taking their concerns more seriously as the officer states Ukraine’s forces are in a “dire situation.”
As Bloomberg reports,
NATO estimates there are currently 20,000 Russian troops in the border region to Ukraine, says a North Atlantic Treaty Organization military officer speaking to reporters today on condition of anonymity at supreme headquarters in Mons, Belgium. Well over 1,000 Russian troops now operating inside Ukraine: officer
Russian troops in Ukraine operating advanced equipment, serving as advisers for separatists: officer
As a result of Ukraine becoming more effective militarily starting in July, there has been a real upsurge in Russian activities of late. Cross border support, firing of rockets and artillery shells across border, supply of more weapons: officer

This post was published at Zero Hedge on 08/28/2014.

CALIFORNIA POLICE DEPARTMENT ORDERED TO GET RID OF MRAP MILITARY VEHICLE

In the aftermath of unrest in Ferguson, Missouri, Davis City Council has ordered its police department to get rid of an MRAP military vehicle within 60 days.
The $700,000 dollar vehicle was acquired for free just a few weeks ago through the U. S. military surplus program that has seen police departments across America obtain vehicles and equipment that were formerly used by the Army to occupy towns and hunt insurgents.
However, after numerous complaints and protests by residents, Davis City Council has given its police department two months to either destroy or otherwise remove from operation the mine resistant ambush vehicle.


This post was published at Info Wars by PAUL JOSEPH WATSON | AUGUST 28, 2014.

The Leninist in the White House – Paul Craig Roberts

According to Lenin, the Soviet government rested ‘directly on force, not limited by anything, not restricted by any laws, nor any absolute rules.’ (V. I. Lenin, ‘A Contribution to the History of the Question of the Dictatorship,’ October 20, 1920, in Collected Works, 4th Russian edition, p. 326.)
In the 21st century the US government has echoed Lenin. No laws, domestic or international, restrain the US from torture. Laws do not prevent the US from attacking sovereign countries or from conducting military operations within the borders of sovereign countries. Constitutional protections and due process do not prevent the US from detaining citizens indefinitely or from murdering them on suspicion or accusation alone.
The latest manifestation of Washington’s Leninism is Washington’s announcement that the US government has no plans to coordinate US attacks on ISIS on Syrian territory with the Syrian government. Washington recognizes no limitations on its use of force, and the sovereignty of countries provides no inhibition.

This post was published at Paul Craig Roberts on August 27, 2014.

Dangerous Crossroads: US-NATO To Deploy Ground Troops, Conduct Large Scale Naval Exercises against ‘Unnamed Enemy’

By professor Michel Chossudovsky of Global Research.
The World is at a dangerous Crossroads.
The Western military alliance is in an advanced state of readiness. And so is Russia.
Russia is heralded as the ‘Aggressor’. US-NATO military confrontation with Russia is contemplated.
Enabling legislation in the US Senate under ‘The Russian Aggression Prevention Act’ (RAPA) has ‘set the US on a path towards direct military conflict with Russia in Ukraine.’
Any US-Russian war is likely to quickly escalate into a nuclear war, since neither the US nor Russia would be willing to admit defeat, both have many thousands of nuclear weapons ready for instant use, and both rely upon Counterforce military doctrine that tasks their military, in the event of war, to preemptively destroy the nuclear forces of the enemy. (See Steven Starr, Global Research, August 22, 2014)
The Russian Aggression Prevention Act (RAPA) is the culmination of more than twenty years of US-NATO war preparations, which consist in the military encirclement of both Russia and China:
From the moment the Soviet Union collapsed in 1991, the United States has relentlessly pursued a strategy of encircling Russia, just as it has with other perceived enemies like China and Iran. It has brought 12 countries in central Europe, all of them formerly allied with Moscow, into the NATO alliance. US military power is now directly on Russia’s borders. (Steven Kinzer, Boston Globe, March 3, 2014, emphasis added)
NATO’s top commander in Europe General Philip Breedlove (right) (AFP Photo / John Thys)
On July 24, in consultation with the Pentagon, NATO’s Europe commander General Philip Breedlove called for ‘stockpiling a base in Poland with enough weapons, ammunition and other supplies to support a rapid deployment of thousands of troops against Russia’.(RT, July 24, 2014). According to General Breedlove, NATO needs ‘pre-positioned supplies, pre-positioned capabilities and a basing area ready to rapidly accept follow-on forces’:
‘He plans to recommend placing supplies – weapons, ammunition and ration packs – at the headquarters to enable a sudden influx of thousands of Nato troops’ (Times, August 22, 2014, emphasis added)

This post was published at Washingtons Blog on August 27, 2014.

18 Signs That The Obama Administration Is Openly Hostile To The Military

Has there ever been an administration that has had more disdain for the U. S. military than the Obama administration? The way that this administration treats our veterans and the way that this administration is gutting our armed forces is absolutely shameful. As you will read about below, Obama and his minions have been purging the military of officers that do not agree with their agenda, they have labeled veterans returning from overseas wars as ‘potential terrorists’, and they have turned our military into a playground for political correctness and social experiments. Not that Obama has been afraid to use the military. In fact, he has sent troops more places than just about any other president in U. S. history. He is running our brave men and women into the ground at the same time that he is relentlessly reducing the size of the Army, Navy and Air Force. As a result, our armed forces are smaller, weaker, more spread out and less prepared for a major war than at any other time in recent memory. Please share this article with as many people as you can. The American people deserve to know the truth. The following are 18 signs that the Obama administration is openly hostile to the military…

This post was published at End Of The American Dream on August 27th, 2014.

Central Bankers Will Attack ISIS and The Assad Regime – Episode 452

The following video was published by X22Report on Aug 27, 2014
France’s President replaces the economy minister with a central banker. France is collapsing, unemployment hits an all time high. China and Russia start using rubles and yuan for oil trade bypassing the dollar. NATO planning for more bases, military assets in Eastern Europe. US preparing to bomb the Islamic State which is a cover to bomb Syria and to remove Assad. The UN came out with a report which implicates the Islamic State and Assad in war crimes. The report also mentions the false flag chlorine chemical attacks which occurred in April. Russia is now being targeted as carrying out cyber attacks on the financial system. Be prepared the false flag event is coming.

New Book- CIA Plotted to Assassinate Nixon Over Vietnam Troop Withdrawals, Detente

Senator Howard Baker learned Agency Infiltrated and sabotaged the Watergate Break-in
Roger Stone, former Advisor to Richard Nixon and New York Times bestselling author of The Man Who Killed Kennedy – now says the same forces who killed JFK tried twice to assassinate President Richard Nixon for the same reason, Vietnam and their bitter opposition to detente.
A Washington Insider for forty years, Stone’s sweeping new book Nixon’s Secrets traced the ark of the career of the 37th President, Richard Milhous Nixon, the most brilliant, sad, bold, awkward, disciplined, insecure, proud and visionary man to ever serve as President.
Stone claims the CIA tried to kill Nixon twice in Miami in 1972. Nixon further inflamed the CIA for demanding their records on the Bay Of Pigs and the JFK assassination. ‘CIA Director Richard Helms and Nixon had so much on each other that neither could breathe’ says Sen Howard Baker in Stones’s book. When Baker asked Nixon who really killed JFK, Nixon barked ‘you don’t want to know’ according to CBS producer Don Hewitt.
The author who proved LBJ, the CIA, the Mob and wealthy right-wing Texas Oilmen plotted to kill John Kennedy in his first book The Man Who Killed Kennedy – the Case Against LBJ now says ‘The CIA, the JOINT CHIEFS, NSC all opposed Nixon’s rapid draw-down of troops from Vietnam, his arms control agreement with the USSR and the opening to China’ said Stone. ‘They thought Nixon would be the ultimate hard-line anticommunist and were shocked by his pro-peace foreign policies.’ Stone told the UK Daily Mail.
Stone says a military spy ring started spying on Nixon as early as 1969- with a Navy courier copying documents from burn bags, desks, files and even Henry Kissinger’s brief case and send the material to the Chairman of the Joint Chiefs Admiral Thomas Moorer says Stone and co-author Mike Colapietro, a veteran investigative Journalist.

This post was published at Lew Rockwell on August 27, 2014.

The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War

Russian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine. Could this conflict ultimately lead us down the road to World War 3? This week, a very robust force of “tanks, artillery and infantry” has opened up a “third front” in the Ukrainian civil war in a part of southeastern Ukraine that had not seen much fighting yet. Exhausted Ukrainian forces are suddenly being pushed back rapidly and many outsiders are wondering how the nearly defeated rebels were able to muster such impressive military strength all of a sudden. But it really isn’t much of a mystery. The tanks, artillery and infantry came from inside Russia. In recent days, Ukrainian units have captured ten Russian paratroopers and there have even been funerals for Russian paratroopers that have been killed in action back home in Russia. Even though it has become exceedingly obvious that Russia is now conducting a stealth invasion of Ukraine, Vladimir Putin is still choosing to deny it. But if he did publicly admit it, that would be even more dangerous. Barack Obama would be forced into a position of either having to do something about the Russian invasion or look weak in the eyes of the public. And as the Russians have already shown, they are more than willing to match any move that the Obama administration makes.
There has already been much written about who is to blame for all of this, and I am sure that much more will be written about who is to blame in the future. The western world is blaming “Russian aggression” for the mess in Ukraine. In return, the Russians point out that it was westerners that funded and organized the groups that violently overthrew the democratically-elected government of Ukraine. To the Russians, the current government of Ukraine is made up of neo-Nazi terrorist usurpers that are attempting to brutally oppress millions of ethnic Russians in eastern Ukraine.
So the Russians seem themselves as “the good guys” in this conflict and so does the western world. But that is how most wars start. Both sides usually feel morally justified at the start of a conflict.
In the final analysis, however, is it really going to matter very much who was “right” and who was “wrong” if the end result is World War 3?
If the rebels in eastern Ukraine had been able to defeat the Kiev government forces on their own, Putin probably would have been content to let them do that. But instead, they had been pushed back to two major cities and seemed on the verge of defeat.
But now it is the Ukrainian forces that are experiencing “panic and wholesale retreat”…

This post was published at The Economic Collapse Blog on August 27th, 2014.

The Murder of James Foley

In response to the Islamic State’s execution of American journalist James Foley, President Obama referred to Foley’s killers as a ‘cancer.’ That, of course, implies that anti-American terrorism is like a disease, one that strikes at nations willy nilly, without rhyme or reason. Obama’s cancer metaphor for ISIS brings to mind what President Bush said about al Qaeda after the 9/11 attacks – that the terrorists were motivated by hatred for America’s freedom and values. Under either formulation – cancer or hatred for America’s freedom and values – the war on terrorism is going to last a very long time, which naturally means an ongoing presence and ever-increasing budgets for the Cold War-era national-security establishment, i.e., the military and the CIA. But the truth is that anti-American terrorism is not like cancer and it’s not motivated by hatred for America’s freedom and values. It is instead a direct result of the U. S. government’s interventionist foreign policy. Interventionism generates the rage within foreigners that motivates them to respond with acts of anti-American terrorism. This is what Obama and Bush, who share the same commitment to foreign interventionism, just don’t get or won’t get. They can’t afford to get it. If they got it and said it, the American people might ask a very simple, discomforting question: Why not bring an end to foreign interventionism, which would bring an end to anti-American terrorism?
Consider the beheading of James Foley. He was being kept alive by his captors up until Obama’s air force initiated bombing runs over Iraq that killed many of the ISIS fighters. Those U. S. killings of ISIS fighters produced the rage within Foley’s captors that motivated them to respond by killing an American citizen, in this case James Foley. What conclusion can be drawn from this episode?

This post was published at Ron Paul Institute on August 27, 2014.