General Wesley Clark: "ISIS Got Started Through Funding From Our Friends & Allies" - By Tyler Durden (28/2/15) PDF Print E-mail
Tyler Durden   
Friday, 27 February 2015 07:43

Zero Hedge

Not that it was really a conspiracy 'theory' but with General Wesley Clark (ret.) now openly admitting "ISIS got started through funding from our friends and allies... to fight to the death against Hezbollah" it appears the 'angel investors' cat is out of the bag. Adding that "they recruited the zealots and religious fundamentalists" Clark says 'we' create "Frankenstein." He is careful not to name names, but we ask (rhetorically of course), which of our (oil-bearing) allies has the biggest bone to pick with Hezbollah (apart from Israel of course)?

Which explains, as MiddleEastEye notes, the questions about ISIS' rapid geopolitical expansion despite lack of enthusiasm for its cause among ordinary people..
.
...a puzzling matter exists. While al-Qaeda during its most violent phases won the support of many people in the region, IS is hardly popular. Even the support of Salafist jihadists here and there is diminishing.

In fact, while many despise them, conspiracy theorists are busy linking them to Israel, the US and other Arab regimes, which could be considered the ultimate disavowal of the group.

Not only does IS seem to have no strategy of its own, but its “strategy” is inexplicably and enigmatically consistent with those who are seeking to maintain military intervention, regionally and internationally, as the only way to handle Middle East crises.

Now let's see: whose strategy is to keep the Middle East on constant edge?

Please see video at youtube:

Title: Wesley Clarke: Our friends and Allies Funded ISIS to Destroy Hezbollah






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Post-Coup Ukraine – One Year Later - By Ron Paul (28/2/15) PDF Print E-mail
Ron Paul   
Friday, 27 February 2015 07:40

Ron Paul Institute for Peace and Prosperity

It was one year ago last weekend that a violent coup overthrew the legally elected government of Ukraine. That coup was not only supported by US and EU governments -- much of it was actually planned by them. Looking back at the events that led to the overthrow it is clear that without foreign intervention Ukraine would not be in its current, seemingly hopeless situation.

By the end of 2013, Ukraine’s economy was in ruins. The government was desperate for an economic bailout and then-president Yanukovych first looked west to the US and EU before deciding to accept an offer of help from Russia. Residents of south and east Ukraine, who largely speak Russian and trade extensively with Russia were pleased with the decision. West Ukrainians who identify with Poland and Europe began to protest. Ukraine is a deeply divided country and the president came from the eastern region.

At this point the conflict was just another chapter in Ukraine’s difficult post-Soviet history. There was bound to be some discontent over the decision, but if there had been no foreign intervention in support of the protests you would likely not be reading this column today. The problem may well have solved itself in due time rather than escalated into a full-out civil war. But the interventionists in the US and EU won out again, and their interventionist project has been a disaster.

The protests at the end of 2013 grew more dramatic and violent and soon a steady stream of US and EU politicians were openly participating, as protesters called for the overthrow of the Ukrainian government. Senator John McCain made several visits to Kiev and even addressed the crowd to encourage them.



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"The Stock Market Is Great, The Economy Is Not" Alan Greenspan Warns Of "Great Depression"-Like Global Demand - By Tyler Durden (27/2/15) PDF Print E-mail
Tyler Durden   
Friday, 27 February 2015 07:32

Zero Hedge

While conflicting economic data leaves hope for both bulls and bears, Alan Greenspan warns that, unlike Yellen, "US economic growth is not strong." He then slays another pillar - suggesting the exuberant job growth is anything but (as he focuses on weak productivity as he pinpoints entitlements as "crowding out capital investment" in America.

The maestro then breaks the golden rule of central bankers and explains how The Fed was, in fact, the main driver of the P/E multiple expansion in stocks; and when asked if this ends as badly as last time? He concludes "It depends...When real interest rates start to move up, that's when the crisis could hit."

The interview is somewhat stunning in its honesty (for a central banker) as he warns global "effective demand is extraordinarily weak - tantamount to the late stages of the great depression."

Some other excerpts...

"Lower long-term rates is not a conundrum, its an indication of how weak global economic growth is."

"effective demand is extraordinarily weak - tantamount to the late stages of the great depression."

"Monetary policy is not responsible for economic weakness - it's a fiscal issue."

The Fed is responsible for the inflation of the stock market

"Almost all the problems are due to a lack of long-term capital investment" - reflecting perfectly on our detailed explanations of company's preference for shareholder enhancement through buybacks rather than investing in the corporate growth of the economy...
"nobody wants to invest in the long-term because nobody knows what is going to happen."




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The US Economy Is Dead - By Jeff Nielson (27/2/15) PDF Print E-mail
Jeff Nielson   
Friday, 27 February 2015 07:28

By Jeff Nielson for Sprott Money

For the past quarter century; the most effective “stimulus” for the U.S. economy has been a fall in gasoline prices. This is no great surprise, given that the United States had been the most gas-guzzling nation on the planet – and by a wide margin. But times have changed!

After Barack Obama publicly admitted that the U.S. government had ruthlessly manipulated oil prices lower, as “part of its strategy” of economic terrorism against Russia; global oil prices have been cut in half. The only other time that oil prices have fallen so far or so fast in the last quarter century was the brief/temporary collapse in prices which accompanied the Crash of ’08.

Has this enormous economic stimulus kick-started the U.S.’s zombie economy? Not at all. Indeed, the collapse in the U.S. retail sector has accelerated throughout this plunge in oil/gasoline prices. This should not be possible. Economic stimulus from lower prices (in any sector) is supposed to be automatic.

What does it mean when an economy not only fails to respond to “automatic” stimulus, but continues to rapidly decompose? It means we are dealing with a deceased economy. This is a “surprise” to the irredeemable charlatans who have the audacity to call themselves economists, but it shouldn’t have been. Not if any of them were paying attention. Not if any of them lived in the real world.



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How Our Crazy Money Works - By Bill Bonner (27/2/15) PDF Print E-mail
Bill Bonner   
Friday, 27 February 2015 07:26

Bonner & Partners

Yes, we were in London, taking care of business. Now, we’re back in Buenos Aires.

We’ve tried medication. We’ve tried prayer. We’ve tried heavy drinking – all in an effort to understand how our crazy money system works. And where it leads.

You’d think it would be easy. It’s just Central Banking 101, no?

Well, no. It is squirrelly… and diabolically subtle. We doubt anyone fully understands it – especially those who are supposed to control it.

The basic unit for the system is a kind of money the world has never had before: the post-1971 fiat dollar.

It’s paper money – worth as much as people think it is worth… and managed by people who think it should be worth less as time goes by.



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