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Daily Archives: October 6, 2013

Egypt Clashes Leave At Least 44 Dead

Egypt Clashes Leave At Least 44 Dead. (FULL ARTICLE)

CAIRO — CAIRO (AP) — Clashes erupted on Sunday across much of Egypt between security forces and supporters of the ousted president, leaving 44 killed, as rival crowds of supporters of the military and backers of the Islamist Mohammed Morsi it deposed poured into streets around the country to mark a major holiday.

The capital, Cairo, saw multiple scenes of mayhem as street battles raged for hours in some neighborhoods, with Morsi supporters firing birdshot and throwing firebombs at police who responded with gunshots and tear gas.

In some cases, pro-military crowds set upon supporters of the former president, with the two sides pelting each other with rocks. By late evening, several parts of the city resembled combat zones, with fires burning, black smoke rising and the crack of gunfire piercing the air, thick with tear gas. Streets were strewn with debris….


Arrest 1% criminals or have unlawful Wars of Aggression destroying our families’ sacrifices, murdering millions | Washington’s Blog

Arrest 1% criminals or have unlawful Wars of Aggression destroying our families’ sacrifices, murdering millions | Washington’s Blog. (FULL ARTICLE)

All of our families sacrificed through two world wars: if there’s one law that Americans should know as least as well as rules of their favorite sport, it’s war law. If we don’t know war law, we dishonor our families’ sacrifices, and destroy any victories for freedom.

Current US wars, including any attack Syria and/or Iran, are Orwellian unlawful because US armed attacks, invasions, and occupations of foreign lands are unlawful Wars of Aggression. Two US treaties, the Kellogg-Briand Pact and UN Charter, make armed attacks on another nation unlawful unless in response to armed attack by that nation’s government. Under Article Six of the US Constitution, a treaty is our “supreme Law of the Land;” meaning that no order can compromise a US active treaty.

And btw: compare the simplicity of war law to far more complex sports rules we master, such as baseball’s infield fly rule, what makes’s a “legal” punt in football, a charging foul in basketball, theprovisional ball rule for golf, and even when one can make an “out” call in tennis.

Also and importantly, all “reasons” given for war to Americans, our military, and the world are now disclosed by US official documents as known to be false as they were told. Explore here and here to show US testimony against Syria is unsubstantiated and refuted by the evidence. US war history andon-the-ground evidence shows the US is behind chemical warfare murders in Syria as a typical 1% psychopathic false-flag event. US wars have killed ~30 million since WW2, arguably more than Hitler’s Nazis….


Doer slams ‘bogus’ claim Canada using U.S. shutdown to get Keystone OK’d | CTV News

Doer slams ‘bogus’ claim Canada using U.S. shutdown to get Keystone OK’d | CTV News. (FULL ARTICLE)

A prominent Democratic fundraiser’s claim that Canada is working with Republicans amidst the U.S. shutdown to get the Keystone XL pipeline project approved is “completely bogus,” says Canada’s ambassador to the U.S.

Gary Doer tells CTV’s Question Period that Canada is working with both U.S. political parties. He dismissed a claim by American billionaire hedge-fund manager Tom Steyer, a vocal opponent of the Keystone project, that Canada lobbied Republicans to add the project’s approval to its list of demands for ending the shutdown.

“We respect the process in the White House with the president’s authority on presidential permits, we respect the technical work that is done at the State Department, which has really pointed to the advantages of moving ahead with this pipeline,” said Doer….


Jeff Rubin: Boom Times Aren’t Coming Back, But That’s Not Necessarily Bad (Q&A)

Jeff Rubin: Boom Times Aren’t Coming Back, But That’s Not Necessarily Bad (Q&A). (FULL ARTICLE)

Key takeaways:

-We must prepare for a long period of harder times
-Canada will be a water superpower
-Oil sands won’t boom like the industry predicts
-Anti-Keystone movement has backfired

As recently as 13 years ago, a barrel of oil cost $20, or even less. Today, global crude prices are hovering around the $100 mark. We may be getting used to higher prices at the pump, but the world economy isn’t, says economist Jeff Rubin — and the result is a permanent shift down in economic growth.

Rubin was the chief economist at CIBC World Markets for close to two decades, but had to part ways with his employer when he started writing about how rising energy costs are going to put make our worlds a lot smaller.

Rubin’s argument is controversial: He says we aren’t so much in the midst of a sluggish recovery as we are in the middle of a new reality — one where we will have to get used to a lower standard of living….


Harper arrives for APEC summit with Malaysian promise to invest $36B – Politics – CBC News

Harper arrives for APEC summit with Malaysian promise to invest $36B – Politics – CBC News. (FULL ARTICLE)

Prime Minister Stephen Harper arrived in Bali today for an Asia-Pacific leaders’ summit after securing what could he called a $36-billion vote of confidence in his pocket from Malaysia’s state-owned oil and gas company.

Malaysian Prime Minister Najib Razak formally welcomed Harper to his country Sunday and used the occasion to tout what Najib called a major direct foreign investment in Canada’s energy sector.

Malaysia’s state-owned Petronas oil and gas company bought Alberta’s Progress Energy last year for more than $5 billion, one of two major acquisitions by Asian state-owned companies that caused the Harper government to tighten up federal policy….


Libya wants answers over raid by US commandos – Africa – Al Jazeera English

Libya wants answers over raid by US commandos – Africa – Al Jazeera English. (FULL ARTICLE)

Libya has called for an explanation after the US snatched a man it alleges is an al-Qaeda leader during a raid in Tripoli.

Ali Zeidan, Libya’s prime minister, suggested on Sunday that his government was not informed of the plan before US commandos seized Nazih Abdul-Hamed al-Ruqai, known by his alias Anas al-Liby, in the Libyan capital on Saturday.

“The Libyan government is following the news of the kidnapping of a Libyan citizen who is wanted by US authorities,” Zeidan said in a statement. “The Libyan government has contacted to US authorities to ask them to provide an explanation.”

Liby is wanted by the US for his alleged role in the East Africa embassy bombings that killed 224 people in 1998. The US had offered $5m for information leading to his capture.

‘Libyan special forces’

Mohammed El-Hadi, Al Jazeera’s correspondent in Tripoli, quoted Liby’s wife as saying that he was seized as he headed to morning prayer by eight to 10 masked men….

Greece Considering Confiscation Of Private Assets | Zero Hedge

Greece Considering Confiscation Of Private Assets | Zero Hedge. (FULL ARTICLE)

The last time we opined on the possibility of a Cyprus-style “bail-in” in Greece, which is essentially a legally-mandated confiscation of private sector assets held hostage by the local financial system, until such time as the balance sheet of said financial system is viable, we were joking. Well, not really joking.

But not even we thought that a banking sector “bail in”, in which unsecured bank liabilities, which include bonds and of course deposits, are used as a matched source of extinguishment of non-performing bad debt “assets” could spread to the broader economy, and specifically to unencumbered private sector assets. Alas, this is precisely what Greece, which is desperately to delay the inevitable and announce it needs not only a third but fourth bailout, appears keen on doing.

As Kathimerini reports, the Greek Labor and Social Insurance Ministry is “seriously considering drastic measures in order to obtain the social security contributions owed by enterprises and to avoid having to slash pensions and benefits.” What drastic measures? “The ministry is planning to force companies to pay up or face having their assets seized, so that the 14 billion euros of contributions due can be recouped.

After all, it’s only “fair.”

Kathimerini is kind enough to layout the clear-cut problems with this plan which will further crush any potential rebound in the Greek economy:…


From Cascading Complexity To Systemic Collapse: A Walk Thru “Society’s Equivalent Of A Heart Attack” | Zero Hedge

From Cascading Complexity To Systemic Collapse: A Walk Thru “Society’s Equivalent Of A Heart Attack” | Zero Hedge.

Over a year ago, FEASTA’s David Korowicz stunned the world with his fascinating analysis titled “Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse,” in which he shone a much needed light on the “weakest link” choke points of modern hyper-complex society: a forensic investigation into a “Minsky Moment” thought experiment gone wrong, one crossing the systemic instability threshold, and culminating with society, economics and the modern world as we know it grinding to a halt and worse.

Since Korowicz’ analysis is precisely the terminal outcome that awaits the world caught in a state of relentless denial that even refuses to contemplate “Plan B“, what we said then is that “everyone who wishes to know what will happen unless everyone is aware of what may happen” should read said study in global systemic collapse. Before proceeding further, we urge all readers who are fascinated by the topic of crossing thresholds of social, systemic instability to read the original analysis if they have not done so already.

The original paper led to an eruption in opinions and responses both on the pages of Zero Hedge and elsewhere, to an issue that has chronically received virtually no media attention (for obvious confidence preserving reasons in a world in which centrally-planned ignorance confidence is bliss), we are delighted to present Korowicz’s follow up, “Catastrophic Shocks through Complex Socio-Economic Systems—A Pandemic Perspective” which “provides an overview of the effect of a major pandemic on the operation of complex socio-economic systems using some simple models. It discusses the links between initial pandemic absenteeism and supply-chain contagion, and the evolution and rate of shock propagation. It discusses systemic collapse and the difficulties of re-booting socio-economic systems.“…


David Stockman Explains The Keynesian State-Wreck Ahead – Sundown In America | Zero Hedge

David Stockman Explains The Keynesian State-Wreck Ahead – Sundown In America | Zero Hedge. (FULL ARTICLE)

David Stockman, author of The Great Deformation, summarizes the last quarter century thus: What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt burden of the people, the prosperity of the beltway and the sway of the three great branches of government – that is, the warfare state, the welfare state and the central bank… What is flailing is the vast expanse of the Main Street economy where the great majority have experienced stagnant living standards, rising job insecurityfailure to accumulate material savings, rapidly approach old age and the certainty of a Hobbesian future where, inexorably, taxes will rise and social benefits will be cut… He calls this condition “Sundown in America”.


Remarks of David A. Stockman at the Edmond J. Safra Center for Ethics, Harvard University, September  26, 2013

The median U.S. household income in 2012 was $51,000, but that’s nothing to crow about. That same figure was first reached way back in 1989— meaning that the living standard of Main Street America has gone nowhere for the last quarter century. Since there was no prior span in U.S. history when real household incomes remained dead-in-the-water for 25 years, it cannot be gainsaid that the great American prosperity machine has stalled out….

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