Early Wednesday morning, Israeli Air Force jets violating Lebanese air space struck the Jamraya research center outside Damascus, reportedly killing two and wounding four people at the weapons development center linked to Iran. The Syrian government claimed that its air defenses engaged the incoming air to ground missiles, destroying several projectiles over Lebanon. The IAF strike came after reports that the Syrians had moved longer range surface to air missiles to northern Aleppo province, in order to back up Damascus' prior threats to shoot down Turkish Air Force jets that were bombing Kurdish forces in Afrin. It was unclear whether there was any link between the relocation of some Syrian SAMs and the timing of the IAF strike, though Turkish jets and even drones were reportedly staying clear of the newly relocated (and Russian or Iranian upgraded) Syrian air defenses, which left Turkish units operating miles away from their border without friendly air cover.Read More
In the episode of his new solo recordings, V the Guerrilla Economist talks about Friday's stock market smackdown and the real story behind the increasingly tottering financial markets. -- JWSRead More
February 6 -- While it is too early to say for sure that we are at the beginning of an historic popping of the stock market bubble, it will eventually occur. The Plunge Protection Team will be out in full force this week, to try to halt the slide, but ultimately, this bubble will pop. The top swindlers on Wall Street are well hedged, and often move to short positions to profit from steep drops or crashes -- this is likely the case today.
But the "Masters of the Universe" at the Too Big to Fail banks and the top financial institutions do not have a solution to the problem they have created, the Catch 22 created by the regime of QE money and endless bailouts. There are now too many "zombie" banks and corporations which can only survive if they have a flow of liquidity. If that flow is slowed or halted by raising interest rates, to prevent a shift to hyperinflation, a much bigger crash will occur, as the total amount of debt is unsustainable, without the funny money being pumped in by the Federal Reserve and other central banks -- which threatens a hyperinflationary crash, thus defining the Catch 22!Read More
The Shotgun Professor Ken Schortgen Jr. discusses his latest articles at The Daily Economist detailing the cryptocurrency crush after the Bank of International Settlements (BIS) Tower of Basel, China and the big banks credit card issuers all came out against the private virtual coins. With mining costs approaching parity in some states with the price to mine one bitcoin, environmentalists (and perhaps soon state utility regulators?) are joining in the pile on against cryptos, even as the banksters try to keep volatility spooked little guy investors in the stratospheric, monetary hypoxia induced stock and bond markets.
#Q was quick to draw our attention to the sudden sale of a massive piece of property - well, it's a forest, really - that has been in the hands of the Rothschild family for nearly 150 years. What could possibly have arisen to make the heirs give up such a valuable chunk of Austria? Is the fabled family going out of business? Hiding assets in expectation of facing human trafficking charges? Or are the Rothschilds simply doing what they have always done: taking advantage of a unique business opportunity that lets them play Puppet Master over kings and sovereigns?Read More
On Tuesday the headline from Zerohedge said, "Steele Goes Dark; Ditches London Court Appearance Following Criminal Referral By US Senate". The 84-year-old Senate Judiciary Committee chairman Sen. Charles Grassley (R-IA)'s released, now mostly unredacted memo demonstrating that the former British spy Christopher Steele not only lied to the FBI about his dossier media contacts on behalf of the Democrats' Fusion GPS hired guns, but also that the Bureau covered for Steele's lies while seeking FISA warrants may have had something to do with the no-show in London libel court. Certainly U.S.-based attorneys for Russian technology executive Aleksei Gubarev want to know why Steele was happy to discuss his dossier (which risked its allegedly super sensitive Kremlin sources) with gossipy reporters, but not under oath to defend the veracity of his sources and work in court.
Scribd file of this week's released Grassley memo
Despite the cowardly Steele's unwillingness to defend the truthfulness of the dossier, despite numerous allegations the document makes being proven false or hotly disputed in existing and pending libel suits (such as from Trump attorney Michael Cohen, whom the dossier falsely places in Prague meeting with Russian agents, echoing years later 9/11 hijacker Mohammed Atta's infamously made up meeting with Iraqi intelligence agents in the same city reported to drum up support for the American-led invasion of Iraq), there are still deep state spokesmen willing to defend Steele and the dossier's integrity on cable news and social media.
John Sipher, who runs a blog called the Cipher Brief and writes for Just Security and other sites while regularly appearing on CNN and MSNBC, has doubled down on his insistence that Rep. Devin Nunes and Grassley are hurting U.S. intelligence sharing, principally with the British and other 5Eyes (former British empire countries) partners, supposedly by smearing the poor innocent ex-spook Steele. In reality, Sipher, his former boss CIA director John Brennan and ex-James Comey FBI aide Josh Campbell and their recent hires as 'analysts' by MSNBC and CNN respectively, reveal not only deference, but humiliating sycophancy from supposedly loyal American 'ex' security agency executives to their masters in London. It is richly ironic that these same spooks who invoke 'democratic norms' and the Founding Fathers memory to denounce Trump as a Kremlin-blackmailed, Russia-colluding traitor would likely be regarded by the brave Founders who revolted against the Crown as British stooges, modern day Benedict Arnolds. -- JWSRead More