Global Intelligence
The below recently declassified transcript of an internal meeting between Kissinger and his advisers shows an alarming degree of incompetence from all sides. Remember, this was during a period of great economic turmoil, after the Nixon Shock, and the infancy of the modern Forex market as we know it. There are those who believe in […]
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From Zero Hedge: Another month, another disappointment for all those who hope the consumer will finally “charge it.” In November, consumer credit was expected to grow by $14.25 billion, instead it rose by $12.318 billion. However, it was once again the components that were key, because while $11.9 billion or the vast majority of November’s […]
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California is one of the largest economies in the world. Home to major corporations, major shipping ports, the film industry, and a buzzing real estate market, California has a lot to lose. Many are still in denial about the radioactive plume that reached the shores of California some time ago. Now, seafood is showing positive […]
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The FBI’s creeping advance into the world of counterterrorism is nothing new. But quietly and without notice, the agency has finally decided to make it official in one of its organizational fact sheets. Instead of declaring “law enforcement” as its “primary function,” as it has for years, the FBI fact sheet now lists “national security” […]
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From Charles Smith, Of Two Minds: The rise in equities does not mean stocks “buy” more commodities in the real world–they buy less. If the new highs in the Dow Jones Industrial Average (DJIA) are so wonderful, why does one share of the Dow-30 buy less than it did 14 years ago? What does a nominal […]
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What has happened to our institutions? The trend of the modern institutionalization of our system began in the late 19th century, but didn’t gain worldwide support until the early 20th century. It reached its peak after World War 2, when the feeling was that global institutions could stave off further bloody conflicts. Without WW2, establishing […]
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Documentary about the Pantex nuclear weapons plant in northern Texas. More about Pantex: The Pantex plant is America’s only nuclear weapons assembly and disassembly facility and is charged with maintaining the safety, security and reliability of the nation’s nuclear weapons stockpile. The facility is located on a 16,000 acre (65 km2) site 17 miles (27 km) northeast of Amarillo, in Carson County, Texas in […]
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The Fed’s Bill Dudley admitted what many of us already suspected. The Fed has no clue how QE would affect the markets. Such a statement from a high level Fed official is unusual, and a very telling sign. From Zero Hedge: Well, it took three years, but finally the Goldman Sachs-based head of the New […]
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