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Tue, 17 Oct 2017
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Question

Will there be renaissance of macro investment?

© Greg Mably for Barron's
The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. Coming: a paradigm shift.

In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal with the kingdom. The U.S. agreed to purchase oil from Saudi Arabia, provide weapons, and in essence guarantee the preservation of Saudi oil wells, the monarchy, and the sovereignty of the kingdom. In return, the kingdom agreed to invest the dollar proceeds of its oil sales in U.S. Treasuries, basically financing America's future federal expenditures.

Soon, other members of the Organization of Petroleum Exporting Countries followed suit, and the U.S. dollar became the standard by which oil was to be traded internationally. For Saudi Arabia, the deal made perfect sense, not only by protecting the regime but also by providing a safe, liquid market in which to invest its enormous oil-sale proceeds, known as petrodollars. The U.S. benefited, as well, by neutralizing oil as an economic weapon. The agreement enabled the U.S. to print dollars with little adverse effect on interest rates, thereby facilitating consistent U.S. economic growth over the subsequent decades.

An important consequence was that oil-importing nations would be required to hold large amounts of U.S. dollars in reserve in order to purchase oil, underpinning dollar demand. This essentially guaranteed a strong dollar and low U.S. interest rates for a generation. Given this backdrop, one can better understand many subsequent U.S. foreign-policy moves involving the Middle East and other oil-producing regions.

Comment: The dog-eat-dog world of predatory capitalist investment is imploding on itself, but "in crisis, lies opportunity." Cooperation and inclusive fair-dealing between countries, as exemplified by China and Russia will be the builder of wealth in the future.


Black Cat 2

California passes legislation requiring pet stores to sell rescue animals

© P. Wegner/Global Look Press
California has passed legislation making it the first state to require pet stores to sell rescue animals.

Governor Jerry Brown signed bill Assembly Bill 485 into law on Friday, forcing animal stores to transition to selling rescue animals starting in 2019.

Animals like cats, dogs and rabbits must come from shelters or adoption centers in a bid to stamp out mass breeding of animals in so-called "puppy mills."

"This is a big win for our four-legged friends, of course, but also for California taxpayers who spend more than $250 million annually to house and euthanize animals in our shelters," Democratic assemblyman and co-author of the bill, Patrick O'Donnell, said in a statement.

Bulb

Yanis Varoufakis on his new book, the iniquity of capitalism, Assange and the European political crisis

© Nikos Pilos for the Observer
Yanis Varoufakis at home on the Greek island of Aegina.
Greece's former finance minister on talking politics with his 12-year-old daughter, Europe's capitalist crisis, and his fears for Wikileaks founder Julian Assange

The economist Yanis Varoufakis was the finance minister in Greece for six tumultuous months in 2015, before resigning from the Syriza government. Last year he launched the Democracy in Europe Movement 2025 (DiEM25). He is also the author of several books. His latest is Talking to My Daughter About the Economy.

Your new book, explaining the history and iniquity of capitalism, is addressed to your 12-year-old daughter, Xenia. What did she think of it?

My daughter is my worst critic, so even if she likes something I do or write she is very averse to complimenting me. In this context her words of encouragement were the best I could have hoped for. Something like: "Not too bad."

Handcuffs

Man arrested after abusing stepdaughter, keeping her captive for 19 years as his "wife"

© Facebook
Rosalyn McGinnis and Henri Michele Piette
An Oklahoma man accused of holding his stepdaughter captive for nearly two decades and repeatedly raping her has been arrested, according to the district attorney in the case.

Henri Michele Piette, 62, is accused of keeping his stepdaughter captive for 19 years after "marrying" her when she was around 11 years old, according to court documents provided to Fox News. His other children told investigators that he began sexually assaulting Rosalynn McGinnis when she was very young, the court documents said.

McGinnis was repeatedly raped, stabbed, choked until unconscious, shot and beaten with baseball bats while she was allegedly held captive by Piette, the Oklahoman reported.

Investigators said McGinnis was taken from a school in Poteau, Okla., by Piette's son in 1997 after her mother had left Piette, allegedly because he abused her. McGinnis was then introduced to Piette's other children as "their new mother," an FBI agent said, according to the Oklahoman.

Piette moved around the US and Mexico with McGinnis, but to make it seem as though they were still in Oklahoma, Piette would drive the young girl to the Sooner State to mail letters, court documents alleged. In June 2016, McGinnis, now 33, was able to escape from a tent in rural Mexico with eight of her nine children, she told People. She went to a US embassy and was able to be brought back to America with her children, according to court documents.

Heart - Black

Survivors say ISIS moral police 'whipped, beat & jailed' defiant Al-Mayadin residents

© AlBaraka News/Twitter
IS soldiers in al Mayadin
Islamic State terrorists' efforts to whip, beat and torture people into submission for the tiniest violations of their perverted laws failed, locals in recently-liberated Al-Mayadeen in Syria told RT, recalling their disturbing experiences.

Islamic State (IS, formerly ISIS/ISIL) terrorists captured the city of Al-Mayadeen, located just 45km southeast of Deir ez-Zor, in July 2013. Raising their black standard, the Salafi jihadist group went on to impose a fundamentalist, Wahhabi doctrine of Sunni Islam, violations of which were punished under Sharia law.

While many civilians left the city prior to the jihadists' arrival, those who stayed were forced into following IS law and social conduct. A veil of prosecution and torture descended on Al-Mayadeen for over four years, until the Tiger Forces commanded by Syrian Army Brigadier General Suheil Salman al-Hassan pierced through IS defenses last Saturday, liberating the city from the Islamists' yoke.

Better Earth

'United by the power of a dream': 70th anniversary of first World Youth Festival begins in Sochi, Russia

© Alexey Druzhinin / Sputnik
Putin speaks to the World Festival of Youth and Students in Sochi, Russia
The opening ceremony of the World Festival of Youth and Students took place in Sochi, Russia, on Sunday, with President Vladimir Putin saying that the event will gather 30,000 people, making it the most representative in history.

Putin began his address at the opening by reminding participants that this year marks the 70th anniversary since the first World Festival of Youth and Students was held in Prague.

"Back then, young guys, like you now, were united by the power of a dream and faith that the youth - their sincerity and kindness - can break the ice of mistrust and help rid the world of injustice, wars and conflicts, " the Russian president said.

"They have proven that barriers are powerless in the face of true friendship, and that the warmth of human communication isn't dependent on political, religious, cultural and other differences," he added.


Comment: The motto of the event bears repeating: 'For peace, solidarity and social justice, we struggle against imperialism. Honoring our past, we build the future!'


Attention

Chemical castration and child abuse: Pediatrician dismantles cultural theory of childhood transgenderism

© Twitter @Heritage screenshot
A pediatrician recently dismantled the cultural theory about transgenderism in kids.
A pediatrician went on a viral rant recently about the dangers of convincing children they are transgender and then prescribing them hormone blockers that prevent them from developing into their born gender.

What did she say?

At a recent Heritage Foundation forum about the topic, Dr. Michelle Cretella went on a lengthy rant about how it is child abuse to indulge children who are gender-confused by helping them "transition" to the gender they think they are.

Comment: More from Dr. Crettella: I'm a pediatrician. How transgender ideology has infiltrated my field and produced large-scale child abuse
The crux of the matter is that while the transition-affirming movement purports to help children, it is inflicting a grave injustice on them and their nondysphoric peers.

These professionals are using the myth that people are born transgender to justify engaging in massive, uncontrolled, and unconsented experimentation on children who have a psychological condition that would otherwise resolve after puberty in the vast majority of cases.

Today's institutions that promote transition affirmation are pushing children to impersonate the opposite sex, sending many of them down the path of puberty blockers, sterilization, the removal of healthy body parts, and untold psychological damage.

These harms constitute nothing less than institutionalized child abuse. Sound ethics demand an immediate end to the use of pubertal suppression, cross-sex hormones, and sex reassignment surgeries in children and adolescents, as well as an end to promoting gender ideology via school curricula and legislative policies.



Question

Tick Tock warning: Is Assange ready to reveal the real source of the leaked DNC emails?


Are Fox News host Sean Hannity and WikiLeaks boss Julian Assange up to something? On October 8th, Hannity tweeted his famous "Tick Tock," warning - but this time - with a twist, including a 7 day countdown. One week later, Assange followed up with his own cryptic tweet.


"T Minus 7 and counting. Tick Tock....," tweeted Hannity.


Comment: Wikileaks founder Julian Assange just sent key signal; Pay back likely brewing against Hillary Clinton


Pills

Former DEA official's '60 Minutes' bombshell: Congress worked with Big Pharma to hook America on opioids

The former head of the DEA's Office of Diversion Control has come forward with bombshell information on why thousands of Americans are dying from opioids.

On Sunday, 60 Minutes interviewed several former U.S. Drug Enforcement Agency (DEA) employees who came forward to blow the whistle, accusing several Fortune 500 drug distributor companies for the epidemic opiate overdoses.

For many years, Joe Rannazzisi was the head of the DEA's Office of Diversion Control the division responsible for investigating the pharmaceutical industry consisting of pharmaceutical companies, distributors, pharmacies, as well as doctors and clinics which prescribe the highly-addictive opiates.

After years of investigations, his team finally believed they'd pinpointed the source of the abuse in the supply chain; the distributors. The DEA uncovered unscrupulous shipping of opiates to pharmacies in towns with small populations.

Comment: Big Pharma is a major criminal enterprise that has lost (if it ever had it) all its ethical, moral and human bearings; in other words, it has fallen prey to pathology just like the government that supports it.

But some are fighting back the scourge:


Bell

Once promised paradise, ISIS fighters now buried in mass graves

© Agence France-Presse/Sabah Arar
An Iraqi woman visits the grave of a relative, who was killed during battles with Islamic State (IS) group fighters, at a graveyard in the Iraqi town of Dhuluiyah, 90 kilometres (55 miles) north of Baghdad, on Oct. 10, 2017.
The Islamic State group once drew recruits from near and far with promises of paradise but now bodies of jihadists lie in mass graves or at the mercy of wild dogs as its "caliphate" collapses.

Flies buzz around human remains poking through the dusty earth in the Iraqi town of Dhuluiyah, 90 kilometres (55 miles) north of Baghdad, at a hastily-dug pit containing the bodies of dozens of IS fighters killed in 2015.

"They should have ended up in the stomachs of stray dogs," local police officer Mohammed al-Juburi told AFP.