ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 08 04:20

Keep Blowing The Bubble

Oct 07 09:05

Catalonia to Defy Spain, Declare Independence Next Week

Spain’s Constitutional Court does not appear to be having much luck stopping an imminent Catalan declaration of independence. After ruling on Thursday that the regional parliament won’t be allowed to meet on Monday to declare independence, Catalonia looks to be doing an end around: they’re going to make the announcement Tuesday.

Webmaster's Commentary: 

And to all the Spanish politicians (and assorted Spanish royalty) who are whining and moaning about this Catalonian move, there is one very significant thing you need to remember.

Spain is a signatory to the UN.

And in the charter of the UN, the concept of peaceful self-determination is enshrined, and writ large.

So what is Spain going to do when Catalonia declares its independence, withdraw from the UN?!?

I think not.

Oct 07 07:36

The Permian Boom Is Coming To An End

The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down.

Shale companies spent just $5 billion on land deals in West Texas in the last six months, a fraction of the $35 billion spent in the prior nine-month period, according to the Houston Chronicle, citing Wood Mackenzie data.

It’s the latest piece of evidence to suggest that “Permania” might be easing. The hottest shale basin on the planet has suffered from rising costs as too many companies pour money into West Texas. The crowded field has pushed up the price of land, labor, oilfield services, rigs and more. That has led to a rude awakening for a lot of shale drillers. "It's just taken the edge off the Permian," said Greig Aitken, head of upstream oil and gas mergers and acquisitions at Wood Mackenzie, according to the Houston Chronicle.

Oct 06 16:08

JP Morgan-Chase paid its billions in fines for mortgage fraud by committing billions in mortgage fraud

A lawsuit against JP Morgan-Chase -- the nation's largest bank -- asserts that the institution paid off the $4,200,000,000 in mortgage forgiveness that it agreed to as a settlement for widescale mortgage and foreclosure fraud by committing a lot more mortgage fraud, in which homeowners, ethical lenders, and American cities were stuck with the bill. The original settlement came from the Obama-era policy of not prosecuting finance executives for criminal acts, preferring to extract huge fines from the institutions.

Oct 06 15:15

Cracks in Dollar Are Getting Larger

Oct 06 12:45

Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports

Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the region elected to seek independence from Baghdad in a referendum in September, according to a new report by Rudaw.

“In the case of northern Iraq; Iran, Iraq and Turkey will form a tripartite mechanism and will decide on shutting down the oil,” Turkish President Recep Tayyip Erdogan said after a meeting with leaders from the other two nations on Thursday.

A day before the vote, the Iraqi central government issued a statement calling on “neighboring countries and countries of the world” to stop buying crude oil directly from Kurdistan and only deal with Baghdad.

Webmaster's Commentary: 

How, practically, are Iran, Turkey, and Iraq going to do this, without literally blowing up the oil rigs?!?

And please remember: Russia has just signed off on an independent deal with Kurdistan regarding its oil; these countries have better tread very softly on any Russian resolved to see an independent Kurdistan happen.

Oct 06 12:28

North Korea Planning To Test Fire Missile Capable Of Reaching U.S. West Coast; Stocks Slide

Is this the stormy weather that Donald Trump was referring to yesterday?

Russian news agency Sputnik reports, that according to a Russian lawmaker, who has just returned from North Korea, Pyongyang is ready to test a missile capable of reaching the US western coast.

"They are preparing for a new test of a longer-range missile. They even gave us mathematical calculations that they believe prove that their missile can hit the western coast of the United States," Morozov said.
"In the near future, they are going to carry out, as far as we understand, yet another launch of a missile, but this time with a longer range," the lawmaker said, adding that the general mood in Pyongyang is "rather belligerent."

Webmaster's Commentary: 

IF, in fact, these reports are true, it may well push President Trump over the edge in terms of a pre-emptive attack against North Korea (which may well lead to China entering such a conflict on North Korea's side).

And then, we have this ominous headline from rt.com today:

US warship approaches Korean Peninsula for drills with South Korea But underneath that, the following text continues:

"The USS Ronald Reagan aircraft carrier along with a guided-missile cruiser and a nuclear-powered submarine are on their way to the Korean Peninsula to prepare for a potential war with North Korea, while Pyongyang reportedly plans new missiles tests.

As of Friday afternoon, the USS Ronald Reagan, with nearly 80 aircraft on board, was in the South China Sea on its way to the shores of US ally South Korea."

I do not know how long it takes an aircraft carrier to transit from the South China Sea to South Korea; but my gut is telling me something wicked this way comes, and soon, between the US and NOKO.

Oct 06 12:27

UK Prime Minister Theresa May's political woes hammer the pound

Sterling loses ground as fallout from Conservative party upheaval hits market sentiment.

Oct 06 12:24

BLS Caught Fabricating Wage Data

While it's not the first time we have observed the BLS manipulate data (the last time was in "This Is What Happens When The Bureau Of Labor Statistics Is Caught In A Lie"), never before had we actually caught the Bureau Of Labor Statistics openly fabricating data. Until now.

As reported earlier today, in one of the most closely watched statistics in today's payrolls report, the BLS reported that the annual increase in Average Weekly Earnings was a whopping 2.9%, above the 2.5% expected, and above the 2.5% reported last month. On the surface this was a great number, as the 2.9% annual increase - whether distorted by hurricanes or not - was the highest since the financial crisis.

Webmaster's Commentary: 

Why am I not surprised?!?

Oct 06 11:19

Why Big Oil Conquered The World corbettreport


Published on Oct 6, 2017TRANSCRIPT AND MP3: http://www.corbettreport.com/bigoil

The 20th century was the century of oil. From farm to fork, factory to freeway, there is no aspect of our modern life that has not been shaped by the oil industry. But as the "post-carbon" era of the 21st century comes into view, there are those who see this as the end of the oiligarchy. They couldn't be more wrong. This is the remarkable true story of the world that Big Oil is creating, and how they plan to bring it about.

Oct 06 10:58

Manufacturing is booming?! Not so fast…

Oct 06 10:07

SAUDIS ROCK US ALLIANCE, SAY THEY’LL BUY RUSSIA’S TOP PLANE KILLER, S-400

That rumble under your feet you sensed this morning was the earthquake caused by the decision of one of America’s closest allies, Saudis Arabia, to join Turkey in buying Russia’s vaunted S-400 surface to air missile system.

The announcement carried extra diplomatic weight as Saudi King Salman was visiting Russia when the Saudis made the announcement.

Former NATO and European Command leader, retired Adm. James Stavridis, called the sale “a step backwards in US foreign and defense policy.” Since World War II, when President Roosevelt agreed with King Faisal that we would guarantee Saudi sovereignty in return for access to their oil, the kingdom has been one of our closest allies, notwithstanding the 911 attacks led by Saudi citizens.

Webmaster's Commentary: 

Retired Adm. James Stavridis, a word, please.

It is very simple; the Russian weapons systems work as advertised, as demonstrated by the incredible performance they have given in Syria; right now, American weaponry is in a state of utter shambles, courtesy of lousy engineering and huge cost overruns at the public's expense, which the US military and Federal government simply allow to continue, courtesy of overt and covert "contributions" to political campaigns, and other causes near and dear to various movers and shakers in the Bowels of Power in the government of the Occupied, Unhinged, Surveilled States of America.

The entire culture of the weapons manufacturing industry has to change, and quickly, in order to fix this; otherwise, the US military will continue to be technologically gapped behind other weapons manufacturers in countries like Russia and China.

And that snit about the Saudis and 9/11: 9/11 was an inside job, co-facilitated by Israeli intelligence.

Oct 06 09:37

Stock market headwinds are building

Oct 06 09:05

So much for the cashless society! Number using it has gone up with 2.7million families mostly using paper money for purchases

The demise of cash has been greatly exaggerated and families still rely on it every day, the Bank of England’s chief cashier has said.

Victoria Cleland, whose signature is on every banknote issued by the Old Lady, said that the common notion paper money was dying was mistaken.

‘Cash is not in decline,’ she said.

Oct 06 06:43

Harvey Weinstein: Clinton Friend, Fundraiser, Sexist Pig -Massive Sexual Predator

Influential Hollywood producer and a Hillary Clinton financial backer, Dem fundraiser

Weinstein talked about how he planned to fight Trump and help the cause of women's rights; today he is exposed as a massive sexual predator

Oct 05 15:26

Stock Market Facing a 10 Trillion Dollar Loss

Oct 05 14:07

Washington Post Fails To Cover Amazon Nearly $300 Million Dollar Fine For Tax Dodging

By Aaron Kesel

The Washington Post, owned by the same man who owns Amazon, Jeff Bezos, failed to cover the recent nearly $300 million dollar fine against the corporate retail giant, blacking out the story that its boss’s other organization reaped illegal tax benefits for 8 long years...

Oct 05 12:30

Over half of new cancer drugs 'show no benefits' for survival or wellbeing.

Of 48 cancer drugs approved between 2009-2013, 57% of uses showed no benefits and some benefits were ‘clinically meaningless’, says BMJ study.

Oct 05 11:14

Is Small-Cap Rally Getting Extended?

Oct 05 10:06

DFS profits tumble on 'challenging' furniture market

Sofa retailer DFS is nursing a sharp fall in profits amid a "very challenging market" as shoppers have become unwilling to splash out on new sofas and a weaker pound has pushed up costs.

Pre-tax profits tumbled by 22.3pc to £50.1m in the year to July 29, despite DFS growing sales for a fifth consecutive year. Revenues inched up just 0.9pc to £762.7m during the year.

Oct 05 09:37

UK car sales slide 9% in September

Sales of new cars in the UK fell sharply in September, a move that an industry body has said will cause "considerable concern".

New car registrations last month numbered 426,170, the Society of Motor Manufacturers and Traders (SMMT) said.

The figure was down 9.3% from September last year, while diesel sales - which have been hit by worries over air quality - fell by 21.7%.

It was the first time in six years that the key September market had fallen.

Oct 05 09:04

Russia, Saudi Arabia Announce Billons In Energy Deals, S-400 Missile System Purchase

Two days ago, when we previewed the first ever visit by a Saudi King to the Russian capital - a move which prompted Bloomberg to call Russian president Putin the "new master of the Middle East" - we pointed out that according to Russian Energy Minister Alexander Novak, a joint Russian-Saudi fund to invest in the energy sector will be announced during the forthcoming visit of the Saudi King to Moscow, and that the preliminary agreement to establish the $1 billion fund has already been reached.

Fast forward to today when diplomatic history was made on Thursday, when Putin met with the King of Saudi Arabia Salman bin Abdulaziz Al Saud - the first state visit to Russia by a reigning Saudi monarch - and the launch of a new level of relations between the countries, as well as billions in new energy-focused deals (for more on the strategic implications from the summit, please read this).

Webmaster's Commentary: 

Look for a potential follow-on deal for more weapons, to be purchased in the not too distant future from Russia, rather than from the US; in the Syrian theatre of war, these Russian weapons have proven themselves to function as advertised, in real-time combat.

One has to wonder; just how soon will Saudi Arabia completely leave the geopolitical orbit of the Occupied, Unhinged, Surveilled States of Amerika, because it has found better deals, and ultimately better support, elsewhere?!?

Oct 05 08:58

7 Independence Movements That Could Destroy The EU

Catalonia continues to press on with its independence movement, much to the dismay of Spain and the European Union. Catalonia is not the only region in the EU demanding more autonomy or independence.

Webmaster's Commentary: 

2017 could well become "The Year of the Disconnect", with regard to a united Europe.

Oct 05 08:30

Will the Fed Keep Excess Reserves?

Oct 05 08:25

OCTOBER SHOCK 2017... TIME IS UP!

Oct 05 07:30

IRS Awards Multi-Million Dollar Fraud-Prevention Contract To Equifax Who Was Hacked TWICE

By Aaron Kesel

You can’t make this up. The IRS awarded Equifax with a multi-million dollar fraud prevention no-bid contract despite that its own execs committed market fraud when they sold shares before telling the public they were hacked.

The IRS will pay Equifax $7.25 million to help verify taxpayer identities and prevent fraud under a no-bid contract issued last week...

Oct 05 06:52

Tehran, Ankara to boost trade volume to $30bn

In a Wed. meeting of High Council for Strategic Partnerships of Iran and Turkey in Tehran, Iranian President Rouhani and his Turkish counterpart stressed resolve for increasing the volume of trade transactions up to $30 billion.

In the meeting that was held on Wednesday in Tehran, Iraanian President Hassan Rouhani referred to the good, amicable relations between the two countries, adding "Tehran and Ankara are resolute to deepen relations and economic cooperation based on mutual interest."

Oct 05 06:49

It's official: Trump administration turns NASA back toward the Moon

It’s official: Trump administration turns NASA back toward the Moon
"It means establishing a renewed American presence on the Moon."

For close observers of space policy, a likely human return to the Moon has been one of the worst-kept secrets of the new Trump administration. First, new space companies such as SpaceX, Blue Origin, and Bigelow Aerospace started to introduce plans that involved lunar exploration. Then, Vice President Mike Pence picked Scott Pace to serve as executive director of the National Space Council—a Moon-first guy. Finally, the Trump administration nominated Jim Bridenstine, an Oklahoma representative who sees the Moon as the critical next step in human exploration, to serve as NASA administrator

Now, the Trump administration has finally made its lunar ambitions official.

>>>

Oct 05 06:41

3 American soldiers killed, 2 wounded in ambush in Niger

Three US Special Forces troops were killed and two wounded in an ambush while on a joint patrol with Nigerien forces in southwest Niger, US Africa Command confirmed in a statement.

“On Oct. 4, three (3) US service members and one partner nation member were killed while the US was providing advice and assistance to Nigerien security force counter-terror operations, approximately 200 km north of Niamey, in southwest Niger. Additionally, two US service members were injured and evacuated in stable condition to Landstuhl Regional Medical Center in Germany,” the statement reads.

Webmaster's Commentary: 

And why, pray tell, are American troops in Niger?!?

They are in Niger for the same reason as all the other US deployments around the world: to insure that Niger's government stays Western Centric, and that it's natural resources are expropriated and sold only for American dollars.

Natural Resources of Niger

When Karl Marx made the observation that all wars are economic, that statement has been absolutely made manifest by the establishment US military garrisons all over the planet.

Oct 05 06:34

Panicked Brussels issue Catalonia shock ULTIMATUM: ‘If you quit Spain, you quit EU!’

The EU is scrambling to avoid a Catalexit, which would see the bloc disintegrate further after an already-chaotic 18 months.

More than two million Catalan voters braved police brutality, which left 800 injured, to choose independence for Catalonia in Sunday’s disputed referendum, according to Catalan authorities.

But the EU, as well as Spain’s central government, has condemned the vote as illegal and unconstitutional and are refusing to acknowledge the result.

In a last-ditch attempt to bring Catalonia back under control European Union officials have warned quitting Spain would also mean quitting the bloc.

Webmaster's Commentary: 

That the "EU Royalty"in Brussels didn't see this coming, means that its collective myopia has turned into real, economic, and social blindness.

Bluster and the use of force, either against Catalonia, or anywhere else in Europe, is going to make the EU look the real villain here; unfortunately, that may not stop its President, Jean-Claude Juncker, from doing something astonishingly ham-fistedy, pig-headedly stupid, like ordering NATO's Secretary General Jens Stoltenberg to send "peace keepers" to Catalonia to "pacify" its citizens.

I would like to politely suggest that the Catalonians will not take kindly to such an occupation.

Oct 05 06:34

The S&P 500 Poised To Lose $10 Trillion In Value

The last two recessions were devastating for the S&P 500.

The dot-com bubble during March 2000 to October 2002 saw the Index drop -49%, while the Global Credit Crisis from October 2007 to March 2009 saw an even greater drop of -57%.

Since then, the S&P 500 has been on fire, gaining 250% and breaking record highs almost daily.

As the old adage goes, “the bigger they are, the harder they fall”. If the S&P loses 57% in the next market crash, that would represent $10 trillion in value lost, and would take the Index down to 1,077.

Oct 05 06:33

Inflation Watch: Central Banks Just Printed the Equivalent of Germany's GDP

The world’s Central Banks have finally succeeded in unleashing an inflationary storm.

The first pickup has only just begun to be felt. But this time next year, when inflation is well north of 4% globally and the big price moves have already occurred, everyone will be screaming “INFLATION!”

How did this happen?

Globally, Central Banks are now printing over $120 BILLION per month. And this is happening at a time when most major economies are out of harm’s way.

Oct 05 06:22

EU Parliament defends 'proportionate force' after brutal Catalan referendum crackdown

EU member states have the right to use "proportionate" force to defend the rule of law, Frans Timmermans, European Commission First Vice President, said three days after hundreds were injured by Spanish police trying to stop an independence vote in Catalonia.

“It is a duty for any government to uphold the rule of law, and this sometimes requires the proportionate use of force,” Timmermans told the European Parliament in Strasbourg during a debate on Catalonia.

Webmaster's Commentary: 

"Proportionate", my ASTROLABE!!

Oct 05 05:52

MADURO VISITS PUTIN, PROPOSES GLOBAL OIL TRADE IN RUBLES, YUAN

Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to trade Venezuelan crude would have to do so in Chinese Yuan, today during an energy summit held in Moscow, Venezuela's president Nicolas Maduro proposed to expand his own personal blockade of the US, by proposing that all oil producing countries discuss creating a currency basket for trading crude and refined products. One which is no longer reliant on the (petro)dollar.

“Developing a new mechanism of controlling the oil market is necessary,” Maduro said on Wednesday at the Russian Energy Forum, being held in Moscow this week.

Webmaster's Commentary: 

Nicholas Maduro has just painted a bullseye on his back, gotten on his knees, and begged for a decap strike, courtesy of the Occupied, Unhinged, Surveilled States of Amerika.

How they would pull this off, I do not know; however, I would be reasonably certain that those Deep Staters in the Bowels of Power in this country are weighing numerous military options to "restore Venezuelan Democracy to the Venezeulan people" (AKA: supporting a Western-centric coup here, so that Venezuela's oil is controlled only by US-centric politicians and only be sold for US dollars.)

Oct 05 05:43

Catalan crisis 'bigger threat to EU than Brexit', MEP warns

The crisis in Catalonia poses a bigger threat to the EU than Brexit, a senior MEP warned Wednesday as the European Parliament prepared to hold an emergency debate on Spain's worst political crisis in decades.

Catalonia's leader has vowed to declare independence within days, claiming a mandate from a weekend referendum which was declared illegal by Madrid and the Spanish courts and marred by violence.

Images of the police crackdown on the vote drew a vocal reaction from some MEPs, with Belgium's Philippe Lamberts, the head of the Green grouping in parliament, warning the crisis "threatened the spirit of European integration, even more than Brexit".

Several Green and far-left deputies criticised the Spanish police for their actions.

But Esteban Gonzalez Pons, an MEP from Spanish Prime Minister Mariano Rajoy's Popular Party, rejected calls for mediation, saying Spain did not need "looking after".

Webmaster's Commentary: 

The EU may well be in its death throes; but perhaps it will be better, economically, for those countries and industries Brussels has consistently regulated with an iron fist, and zero flexibility.

And I would like to politely remind all those EU-ers, who are also members of the UN (which I belive are all of the members of the EU), that peaceful self-determination is a concept enshrined in the UN charter.

Oct 04 12:57

That Would Buy A Lot Of Beer

Oct 04 09:58

"Credit Negative For U.S. Government": Moody's Threatens Downgrade If Trump Tax Plan Is Passed

As various institutions continue to publish very detailed estimates of how Trump's tax plan will impact the federal budget, which is somewhat amazing since income brackets haven't even been assigned yet, Moody's published a note today threatening to finally strip the U.S. of its AAA credit rating if the tax plan is ultimately passed as currently contemplated.

Oct 04 09:50

Venezuela suggests global oil trade in Russian ruble & Chinese yuan

The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products.

Oct 04 09:00

Exposing 'In-Q --Tel': The CIA's Own Venture Capital Firm

VIDEO

Google, Facebook, the IT Sector and the CIA

In-Q-Tel was formed by the CIA in 1999 as a private, not-for-profit venture capital firm

Oct 03 13:28

What Could Possibly Go Wrong With Tax Reform? The Answer, According To Goldman, Is “Plenty”

One of the reason why the torrid dollar rally of the past few weeks appears to have plateaued, at least for the time being, is that just like earlier in the year, doubts have emerged about the viability of the “new and improved” tax plan, which according to the Tax Policy Center would mostly benefit the “Top 1”, even as it eventually pushes taxes for the upper middle class progressively higher. One catalyst is a Bloomberg report overnight, in which Bob Corker was quoted as saying that the White House is showing “softness” on ending the $1.3 trillion federal tax deduction filers get for their state and local taxes, warning that it raises questions about the GOP’s “intestinal fortitude” and could imperil a tax overhaul.

Oct 03 11:43

Erdogan Says Turkey No Longer Needs EU Membership, Son Slams European "Infidels"

President Recep Tayyip Erdogan said on Sunday that Turkey no longer needs EU membership.

His son Bilal who plays an important role in Turkey’s politics went even further and described the Europeans as “gavur” (indifels).

The comments come after 12-year-long accession talks with Brussels grind to a halt.

“The EU failed us in a fight against terrorism,” Erdogan said on Sunday, though he also suggested the bloc still needed Turkey.

“If the EU is going to leap forward, there is only one way to do so. And it is to grant Turkey membership and start an action of cultural and economic growth,” Erdogan said.
German Chancellor Angela Merkel said in an election debate last month it was clear Turkey should not join the EU and entry talks should end, despite it being a crucial NATO ally.

Webmaster's Commentary: 

Well, Edrogan certainly made his position abundantly clear regarding the this screed against the EU!!

Oct 03 11:37

Escobar: The Future Of The EU Is At Stake In Catalonia

Nano-Franco is Spanish Prime Minister Mariano Rajoy, whose heroic shock troops were redeployed from a serious nationwide terrorist alert to hammer with batons and fire rubber bullets not against jihadis but … voters.

At least six schools became the terrain of what was correctly called The Battle of Barcelona.

Extreme right-wingers even held a demonstration inside Barcelona. Yet this was not shown on Spanish TV because it contradicted the official Madrid narrative.

Webmaster's Commentary: 

How Spain, and the rest of Europe define, and work with, the Catalonian referendum, in a peaceful, responsible, adult way, is definitely going to define the future of the EU itself.

Oct 03 11:08

The Vote Heard Round the World -- The Video

Oct 03 08:53

U.S. Shale Isn’t As Strong As It Appears

The report is another piece of evidence that suggests the U.S. shale industry is perhaps struggling a bit more than is commonly thought. U.S. shale has been portrayed as nimble, lean and quick to respond to oil price changes. And while that is largely true, strong profits remain elusive, despite the huge uptick in production.

Oct 03 08:38

The Globalists Are Systematically Destroying America's Middle Class

In America today, well over 100 million people receive money from the federal government each month, and the number of Americans that are truly financially independent is continually shrinking. In fact, only 25 percent of all Americans have more than $10,000 in savings right now according to one survey. If we eventually get to the point where virtually all of us are dependent on the government for our continued existence, that would give the globalists a very powerful tool of control. In the end, they want as many of us dependent on the government as possible, because those that are dependent on the government are a lot less likely to fight against their agenda.

Oct 03 08:26

$21 Trillion Went Missing From 2 US Agencies Since 1988.

Catherine Austin Fitts issued an updated report on Missing Money. She found a total of $21 trillion went missing from two federal agencies since 1988. That would be from HUD (Housing and Urban Development) and DOD (Department of Defense.) She was assisted by Dr Mark Skidmore and his graduate students who found these staggering sums went walkabout citing government sources. Dr Skidmore is also a co-editor of the Journal of Urban Affairs.

The government speak term for missing money is Undocumentable Adjustments.

In some years more money went missing from an agency than was budgeted for the year. How was that possible?

Oct 03 08:24

Mastermind Of $4 Billion Bitcoin Money Laundering Operation May Be Extradited To US

After being arrested over the summer in a sting that was orchestrated by US and European law-enforcement agencies, Russian-born Alexander Vinnick, the purported creator and operator of shadowy digital-currency exchange BTC-E, appeared in a Greek court late last week for the first of what could be several hearings to determine where he will ultimately stand trial, CoinDesk reported.

As we reported at the time of Vinnick’s arrest, the 38-year-old Russian man was wanted in the US on suspicion of masterminding a money laundering operation involving at least $4 billion in bitcoin transactions.

Oct 03 07:11

America:The Dictatress of The World

When the Constitution called the federal government into existence, the last thing the American people wanted was a powerful military. They were overwhelmingly opposed to what they called “standing armies,” which was a term used describe a big, permanent military establishment. That was why there was Pentagon, no big, permanent military-industrial complex, no CIA, and no NSA for more than 100 years after the country was established. The American people didn’t want those types of governmental apparatuses to be part of our nation’s political system.

The reason Americans were so opposed to standing armies is because they believed that standing armies constituted a grave threat to their freedom and economic well-being. They knew, from both first-hand experience and through history, that dictators and despots used powerful military establishments to destroy the freedom and prosperity of the citizenry, oftentimes in the name of keeping them safe, secure, and prosperous.

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