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Tue, 02 Nov 2021
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12 signs that an imminent global financial crash is continuing

Time Spinning Skyline
Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled.

The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not going to take very much to push us into a full-blown worldwide financial crisis. The following are 12 signs that indicate that a global financial crash has become even more likely after the events of the past few days...

Comment: The economic instability warning signs are increasing and difficult to ignore.


Quenelle - Golden

While the US wages a global holocaust Iran fights the real war on terror

Iran nuke deal
© AP Photo / Ebrahim Noroozi
While many world nations remain under the impression that Washington and its regional allies in the Middle East - Saudi Arabia in the lead, are indeed conducting just wars in the region, fighting and opposing the rise of Wahhabi radicalism, it is really East they should be looking, as it is Iran which has risen a barrier and a bulwark against the cancer of this black plague.

For all its statements and promises, for all its officials engineered narrative and its corporate media flamboyant accusations against Muslims and so-called "enemy" Muslim nations, who more than the United States has contributed to both the rise and dissemination of ISIS?

To be perfectly accurate, while Washington provided political cover and military assistance, it is Riyadh which took care of the logistics: funding and networking its radical interpretation of Islam to better introduce the enslavement and subsequent balkanization of the Middle East and Central Asia.

Comment: This is one reason why Iran has been so demonized in Western media. Iran is seen by the majority of Westerners as a state sponsor for terrorists even though it stands as a bulwark against NATO's terrorist agenda in the Middle East. Check out:


Propaganda

Western hypocrisy, Russia and the crisis of distraction

Image
"Accepting the absurdity of everything around us is one step, a necessary experience: it should not become a dead end. It arouses a revolt that can become fruitful." - Albert Camus

In 2015 we are barrelling towards a third world war at breakneck speed and much like the First and Second World Wars, oblivion to this trend is commonplace. From the complete resurgence of fascism in Ukraine to the overt funding and training of terrorism, to the rapid erosion of the planet's health, crises around the world are converging into situations that affect all of us. In the meantime what used to be real life has devolved into twenty-four-hour-a-day reality television. Most people do not care (or know) about Obama's legacy as a warmonger and leader of the most war-hungry nation on earth; they do, however, praise his tweets to Caitlyn Jenner, and other shallow products of the western system of distraction. Whereas 2014 was one of the years in the 21st century in which the possibility of a third world war was reinforced as an inevitability, 2015 has become the year in which such a war is a matter of casual promotion by the mainstream press. The year 2016 looms on the horizon and with an American presidential election set to dominate it, the construction of fallout shelters is now an idea less absurd than that of any sort of peace under Hillary Clinton or Jeb Bush (or perhaps Donald Trump?).

The United States is a nation whose supremacy relies solely on its projection of military aggression as a means of coercion and political manoeuvring. US national debt is difficult to comprehend when juxtaposed with its supposed status as a thriving, global superpower. While much of this military aggression has been disguised as humanitarian aid or democracy promotion, in reality it is the use of soft power as a means of colonisation and resource extraction. Programs such as Africom continue in their quiet recolonisation of Africa; meanwhile other US initiatives of 'peace and democracy' are loudly and violently bringing the world closer to war.

Comment: From Milton Mayer's book, They Thought They Were Free: The Germans, 1933-45:
"What no one seemed to notice," said a colleague of mine, a philologist, "was the ever widening gap, after 1933, between the government and the people. ...

"What happened here was the gradual habituation of the people, little by little, to being governed by surprise; to receiving decisions deliberated in secret; to believing that the situation was so complicated that the government had to act on information which the people could not understand, or so dangerous that, even if the people could not understand it, it could not be released because of national security. ...

"This separation of government from people, this widening of the gap, took place so gradually and so insensibly, each step disguised (perhaps not even intentionally) as a temporary emergency measure or associated with true patriotic allegiance or with real social purposes. And all the crises and reforms (real reforms, too) so occupied the people that they did not see the slow motion underneath, of the whole process of government growing remoter and remoter.

....

"To live in this process is absolutely not to be able to notice it—please try to believe me—unless one has a much greater degree of political awareness, acuity, than most of us had ever had occasion to develop. Each step was so small, so inconsequential, so well explained or, on occasion, 'regretted,' that, unless one were detached from the whole process from the beginning, unless one understood what the whole thing was in principle, what all these 'little measures' that no 'patriotic German' could resent must some day lead to, one no more saw it developing from day to day than a farmer in his field sees the corn growing. One day it is over his head.

"How is this to be avoided, among ordinary men, even highly educated ordinary men? Frankly, I do not know. I do not see, even now. Many, many times since it all happened I have pondered that pair of great maxims, Principiis obsta and Finem respice—'Resist the beginnings' and 'Consider the end.' But one must foresee the end in order to resist, or even see, the beginnings. One must foresee the end clearly and certainly and how is this to be done, by ordinary men or even by extraordinary men? Things might have. And everyone counts on that might.

...

"You see," my colleague went on, "one doesn't see exactly where or how to move. Believe me, this is true. Each act, each occasion, is worse than the last, but only a little worse. You wait for the next and the next. You wait for one great shocking occasion, thinking that others, when such a shock comes, will join with you in resisting somehow. You don't want to act, or even talk, alone; you don't want to 'go out of your way to make trouble.' Why not?—Well, you are not in the habit of doing it. And it is not just fear, fear of standing alone, that restrains you; it is also genuine uncertainty.

... in your own community, you speak privately to your colleagues, some of whom certainly feel as you do; but what do they say? They say, 'It's not so bad' or 'You're seeing things' or 'You're an alarmist.'

"And you are an alarmist. You are saying that this must lead to this, and you can't prove it. These are the beginnings, yes; but how do you know for sure when you don't know the end, and how do you know, or even surmise, the end? On the one hand, your enemies, the law, the regime, the Party, intimidate you. On the other, your colleagues pooh-pooh you as pessimistic or even neurotic. You are left with your close friends, who are, naturally, people who have always thought as you have.

"But your friends are fewer now. Some have drifted off somewhere or submerged themselves in their work. You no longer see as many as you did at meetings or gatherings. Informal groups become smaller; attendance drops off in little organizations, and the organizations themselves wither. Now, in small gatherings of your oldest friends, you feel that you are talking to yourselves, that you are isolated from the reality of things. This weakens your confidence still further and serves as a further deterrent to—to what? It is clearer all the time that, if you are going to do anything, you must make an occasion to do it, and then you are obviously a troublemaker. So you wait, and you wait.

"But the one great shocking occasion, when tens or hundreds or thousands will join with you, never comes. That's the difficulty. If the last and worst act of the whole regime had come immediately after the first and smallest, thousands, yes, millions would have been sufficiently shocked....But of course this isn't the way it happens. In between come all the hundreds of little steps, some of them imperceptible, each of them preparing you not to be shocked by the next. Step C is not so much worse than Step B, and, if you did not make a stand at Step B, why should you at Step C? And so on to Step D.

"And one day, too late.... and you see that everything, everything, has changed and changed completely under your nose. The world you live in—your nation, your people—is not the world you were born in at all. The forms are all there, all untouched, all reassuring, the houses, the shops, the jobs, the mealtimes, the visits, the concerts, the cinema, the holidays. But the spirit, which you never noticed because you made the lifelong mistake of identifying it with the forms, is changed. Now you live in a world of hate and fear, and the people who hate and fear do not even know it themselves; when everyone is transformed, no one is transformed. Now you live in a system which rules without responsibility even to God. The system itself could not have intended this in the beginning, but in order to sustain itself it was compelled to go all the way.

"You have gone almost all the way yourself. Life is a continuing process, a flow, not a succession of acts and events at all. It has flowed to a new level, carrying you with it, without any effort on your part. ...



Snakes in Suits

Did the EPA intentionally poison Animas River to secure SuperFund money?

Image
© Jerry McBride/Durango Herald via AP
As the Animas River begins to recede, it reveals sludge left behind just north of Durango, Colo., on Aug. 7 from the Gold King Mine spill that happened Aug. 5 north of Silverton, Colo.
A week before The EPA disastrously leaked millions of gallons of toxic waste into The Animas River in Colorado, this letter to the editor was published in The Silverton Standard & The Miner local newspaper, authored by a retired geologist detailing verbatim, how EPA would foul the Animas River on purpose in order to secure superfund money...
"But make no mistake, within seven days, all of the 500gpm flow will return to Cement Creek. Contamination may actually increase... The "grand experiment" in my opinion will fail.

And guess what [EPA's] Mr. Hestmark will say then?

Gee, "Plan A" didn't work so I guess we will have to build a treatment plant at a cost to taxpayers of $100 million to $500 million (who knows).

Reading between the lines, I believe that has been the EPA's plan all along"

Comment: Granted this article is speculation but it wouldn't be a surprise if this is what the EPA had in mind all along.


Video

Bailing out countries or banks? -The Secret Bank Bailout - German TV Award 2013

The secret bank bailout
© Youtube
50 billion euros in Greece, 70 billion euros in Ireland, 40 billion euros in Spain - one Euro-country after another is forced to support its banks with huge sums of money in order to equalize the losses incurred by money worldwide from bad loans. But where do the billions go anyway? Who are the beneficiaries? With this simple question the award-winning business journalist and nonfiction author Harald Schumann travels across Europe and gets surprising answers.

The rescued are not in the poorer Euro states - unlike commonly believed - but mainly in Germany and France. A large part of the money ends up with the creditors of the banks that want to be saved or must be saved. And although these investors have obviously made bad investments, they are - against all logic of the free market economy - protected at the expense of the general public against any losses. Why? Who gets the money? Actually, simple questions, but that regard the core of European identity. Maybe the most passionate film on the banking crisis.


Comment: The second documentary about the Euro-crisis can be seen below:




Bad Guys

Turkey experiences 'unprecedented' series of terrorist attacks as war against Syria continues to heat up

Recep Tayipp Erdogan
© Reuters / Umit Bektas
Turkey sustained an unprecedented slew of militant attacks Monday, the product of a controversial "war on terror" instigated by an interim government under the guidance of President Recep Tayyip Erdoğan.

In recent weeks the Turkish military has carried out hundreds of air strikes while police have arrested more than a thousand suspects linked to ISIS, the Kurdish militant group the PKK, and far-leftist groups including the DHKP-C. Almost all suspects in Monday's attacks belonged to the latter two groups. In total, six security personnel were killed in attacks carried out in Istanbul and the Kurdish southeastern region, raising concerns about Turkey launching anti-terror operations at a time when it has no elected government and is facing likely snap elections in November amid continuing regional unrest.

In the early hours of Monday, a car bomb exploded in front of a police station in Sultanbeyli, Istanbul and was followed by a fire fight which left one police officer and two gunmen dead. The attack has been claimed both by the People's Defense Unit, a far-leftist organization, and by the military unit of the PKK, raising questions that the attacks may have been a collaborative effort by members from each group. At around 8 a.m., two women opened fire on the U.S consulate in Istanbul; one of them was injured and arrested. The attack was claimed by the DHKP-C, which was also responsible for an attack on the U.S. Embassy in Ankara in 2013.

Comment: Meanwhile the US is ready to start bombing Syria, completely violating international law and setting up another confrontation with Russia. Also see:


Eye 2

Chicago's CIA-style black site has seen more illegal detentions than Guantanamo Bay

chicago gitmo
© theSMGibson
The Chicago Police's CIA-style black site, Homan Square, has seen more people detained than died on 9/11 or imprisoned at Guantanamo, according to a new report by the Guardian. The newspaper, which sued the Chicago police to obtain further details on Homan Square, reports overwhelming targeting of minorities as well as other sordid and violative policies.

From 2004 to 2015, at least 3,500 people were detained at Homan Square. These records do not cover the full span of the facility's tenure, as it has been open since 1995. According to the Guardian, a grossly disproportionate ratio of detainees were minorities, "many accused of low-level drug crimes, [and] faced with incriminating themselves before their arrests appeared in a booking system by which their families and attorneys might find them."

The majority of arrests were for low-level drug crimes. As the Guardian details, there were 1,175 arrests for heroin, 526 for cannabis, 484 for cocaine, and 464 for "unspecified" drug charges. 244 arrests were made in relation to firearms while other arrests were for "minor infractions such as traffic violations, public urination and driving without a seatbelt." Other charges ranged from drinking alcohol in public to murder. More than half of all Homan Square arrests occurred 2.5 miles or less from the facility. Of 3,621 arrest records provided to the Guardian, about 3,540 incurred charges (the newspaper notes that "[v]ast amounts of data documenting the full scope of detentions and interrogations at Homan Square remain undisclosed").

Eye 1

U.S. intelligence agencies want even more cooperation from private business to monitor people

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© Beawiharta / Reuters
The US Office of the Director of National Intelligence wants to make it easier for private, "uncleared" companies, which don't usually aid the intelligence community (such as ridesharing company Uber) to contribute to next generation surveillance needs.

The strategy to encourage unconventional partners to collaborate with intelligence agencies is part of a recently released, unclassified roadmap that outlines the future of data analysis. The "Enhanced Processing and Management of Data from Disparate Sources," as the plan is called, explains six areas that the Office of the Director of National Intelligence (ODNI), led by James Clapper, believes will be crucial for surveillance community in the near future.

"One of our goals for the coming year is to try and extend our outreach via whichever trade associations are willing to take it on, into the uncleared community as well," David Honey, the ODNI director of science and technology, told Nextgov.

"That's why getting this information on to the ODNI's open website was so important to us. We want to have that outreach to the nontraditionals to include the uncleared performer community so that they can gain insight into what the challenges are that we face so that they can come forward with ideas."

Stock Down

Currency wars: Financial markets stunned as China devalues yuan for second day in a row

Image
© EPA
The Chinese currency hit a four-year low on Wednesday.
Stocks, currencies and commodities fall sharply across region as investors fear a stalling China economy and possible currency war despite Beijing's assurances

China stunned the world's financial markets on Wednesday by devaluing the yuan for the second consecutive day, triggering fears the world's second largest economy is in worse shape than investors believed.

The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse as traders feared the move could ignite a currency war that would destabilise the world economy.

There were widespread losses in Asia, and in Europe stock markets suffered falls of about 1%, with the FTSE 100 tumbling almost 2% at one stage.

The Chinese currency hit a four-year low on Wednesday after the People's Bank of China set the yuan's daily midpoint even weaker than in Tuesday's devaluation.

People

Humanitarian crisis: Over 1,000 war refugees locked in stadium overnight on Greek island of Kos

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© Yorgos Karahalis/AP
Police on Tuesday tried to disperse hundreds of migrants by spraying them with fire extinguishers during registration in the stadium.
Over a thousand refugees in Kos have been locked in a stadium, after riot police struggled to contain crowds of recent migrant arrivals who were rounded up in recent days from makeshift camps around the Greek island.

Several of the refugees, who are mostly Syrian and Afghan, fainted due to heatstroke, and one had an epileptic seizure, said the aid group MSF, which was providing medical care at the stadium. At one point the police used a sonic explosion to maintain order, and the MSF team withdrew for safety reasons.


Comment: Thanks to US and UK leading the obliteration of Syria, Iraq and Afghanistan, millions of desperate people are on the move. Greece can't handle the situation either because that country is also in the process of being obliterated by the empire. With Europeans already primed to hate these refugees because they're 'terrorists' and 'cockroaches', the next 'logical' solutions from European authorities involve building walls around their countries and setting up concentration camps. Onwards we go to the collapse of 'civilization'...