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Congress Proposes Law Banning Body Armor In The Land Of The Free

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black via Sovereign Man blog,

By the late 1920s, Joseph Stalin became the unchallenged leader of the Soviet Union after having eliminated his opposition.

He topped it off in 1929 by serving a decisive blow to anyone that would dare to oppose him by outlawing private gun ownership in the country.

From that year on until 1953 when Stalin died, it’s estimated that more than 20 million Soviet citizens that were seen as a threat to the country’s leadership.

People were rounded up and either murdered outright, or sent to infamous gulag labor camps.

Stalin is an extreme case. But history is ripe with examples of governments which disarm their citizens, only to engage in serious oppression afterwards.

Communist China. Nazi Germany. Cambodia. Guatemala. Uganda. The list goes on and on. Pacification of the citizens is almost always a prerequisite to totalitarianism.

There have been a lot of attempts to disarm, or at least partially disarm, people in the US throughout history as well.

Each time there’s a major shooting somewhere, the chant to ban firearms grows louder.

But the latest proposal is especially telling.

H.R. 5344 is a bill currently going through Congress that would ban the purchase of body armor.

Violation would carry CRIMINAL penalties, including up to ten years in prison.

Many bullet-resistant items on the market now, such as bulletproof backpacks for school children, would be banned by this legislation.

This is incredible given that the legislation is all about banning something that is purely defensive.

Whatever your stance on firearms, I hope we can agree that it’s pretty damn difficult to hurt another human being with body armor.

People buy body armor for protection. That’s the point. Duh.

So why in the world would they want to ban it?

The government claims that “criminals and rampaging madmen” can “wreak havoc” while wearing body armor, and it’s important to shield police from these nefarious individuals.

Uh, wait a sec– you mean the same police that go around terrorizing ordinary citizens who aren’t breaking any laws whatsoever?

The same police who beat homeless people to death?

The same police who shoot and kill innocent animals in broad daylight in the middle of the street?

The same police who scream “I will f***ing kill you!” with their weapons trained on
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Chuck Hagel Goes Full Fearmonger: “ISIS Poses Greater Threat Than 9/11, Prepare For Everything”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US Secretary of Defense Chuck Hagel talks about the “imminent threat” ISIS poses to the US and the World.. .and pulls no punches in his total fearmongery…ISIL poses a threat greater than 9/11. ISIL is as sophisticated and well funded as any group we have seen. They’re beyond just a terrorist group. They marry ideology with a sophisticated strategic and tactical military prowess and they’re tremendously well-funded. This is way beyond anything we have seen. We must prepare for everything. Get Ready! Time for some QE-funded deficit-busting war spending…

 

 

 

Clip 1…

“They’re beyond just a terrorist group. They marry ideology with a sophisticated strategic and tactical military prowess and they’re tremendously well-funded. This is way beyond anything we have seen. We must prepare for everything. Get Ready!

 

 

Clip 2…

“Evidence is pretty clear. When we look at what they did to Mr Foley and threatend to do to all Americans and Europeans. There is no other way to describe it but barbaric. They have no standard of decency of responsible human behavior. They are an imminent threat to every interest we have.





The Fed’s Track Record: $389,863 Spent For Every Job Created… AT BEST

Courtesy of ZeroHedge. View original post here.

Submitted by Phoenix Capital Research.

The Fed likes to claim that its policies are aimed at helping Main Street. Ben Bernanke began this argument when he was still Fed Chairman. Janet Yellen has since taken it a step further claiming that she comes from an “intellectual tradition” that it is important to use “public policy” to “make the world a better place.”

 

Anyone who’s spent even two minutes reflecting on the state of affairs in the last five years knows this is bunk. However, for the sake of the argument, let’s take the Fed at its word: that it does indeed care about Main Street.

 

If this is indeed true, then the Fed’s efforts have been an abysmal failure. The Fed’s balance sheet has expanded over $2.4 trillion since the Great Recession allegedly ended.

 

For the sake of argument, let’s assume that ALL of the money involved in the Fed’s balance sheet expansion during this period went towards creating jobs in the US economy.

 

Indeed, let’s take it a step further and say that the Fed is directly responsible for every single job created since June 2009 when it continued printing money by the billions to help the “recovery.”

 

We realize that we’re ignoring population growth, folks who dropped out of the jobs market, and a slew of other factors in this analysis. But the point of this exercise is to grant any and all issues in favor of the Fed.

 

The reason we’re doing this is because the results are terrible enough even under circumstances in which every issue is decided in the Fed’s favor. One can only imagine who awful the results would look if one were to include these other issues which would raise the amount of money spent per job created.

 

Having said that, consider the following…

 

·      The US recession allegedly ended in June 2009. At that time, 140,196,000 people were employed in the US and the Fed’s balance sheet was roughly $2 trillion.

 

·      As of July 2014, 146,352,000 Americans were employed and the Fed’s balance sheet was $4.4 trillion.

 

So, based on our assumptions (that ALL of the Fed’s money went towards the real economy and that the Fed is responsible for every job created since June 2009 when the recession…
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S&P Hits Record High Despite VIX Flash Smash

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Was it ever in doubt? Bad news is great news for China and Europe and good new is great news for US because no matter what Yellen will go full dovetard tomorrow – at least that appears to be the total consensus view as the S&P hit record highs and bond yields plunge. Volume went from dismal to well dismal-er (we've run out of adjectives) to the lowest non-holiday of the year as we note Trannies (-0.25%) and Nasdaq lagged today. Credit markets snapped higher (tighter) today but remain less exuberant than stocks on the week. Gold staggered lower (-2% on the week) back under $1280 even as The USD rolled over notably on the day led by EUR strength. Treasuries rallied (30Y -3bps  and 10Y <2.40%) in the face of equity strength. VIX flash-smashed early on from 11.5 to over 13 (cracking stocks lower) but that was a great buying opportunity into J-Hole…

 

Yeah baby…

 

From the Putin military drill is over lows… Trannies and Nasdaq have outperformed…

 

Perhaps worryingly – the last few weeks best performers – Trannies and Nasdaq – underperformed today…

 

Year to Date – Healthcare (helpe by Biotechs) lead, Homebuilders still lag…

 

VIX dropped to 11.5 but not before flash-smashing over 13 early on…

 

Hhmm…

 

Treasuries rallied on the day led by the long-end, as 30Y is now 4bps lower than pre-hawkish FOMC minutes…

 

Gold has had a bad week, oil has recovered some losses today as Copper held yesterday gains despite shitty China PMI data..

 

Even as The USDollar rolled over on broad weakness led by EUR strength…almost giving back all of the FOMC Minutes gains

 

So – the last week or two has been remarkable in stocks… volume has collapsed, credit has diverged, VIX flash-smashed today, leaders were laggards today, the USD stopped surging today, Treasury yields rolled lower today, and oil started rising again… things changed today – marginal hedges being lifted into tomorrow or turning point?

 

Charts: Bloomberg





“Isolation Procedures Put In Place” After Ebola Suspect Dies In Ireland; Ebola-Like Disease Claims 70 In Congo

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Last week Ireland rushed to deny that a man with Ebola-like symptoms who was being tested in Dublin, did not have the disease. It may find such a refutation more difficult this time after Irish Times reported that a man was found dead last night in Donegal, after working in Sierra Leone, the epicenter of the current Ebola outbreak, and where “it is understood that a number of colleagues had contracted the virus.” The deceased was taken to Letterkenny General Hospital where the HSE is carrying out tests to see whether the death resulted from Ebola.

Letterkenny General Hospital. Photograph: Google Street View

From the Irish Times:

In a statement, the HSE said it was currently assessing a suspected case of Ebola virus disease (EVD) in Donegal.

 

“The public health department was made aware earlier today of the remains of an individual, discovered early this morning, who had recently travelled to the one of the areas in Africa affected by the current Ebola virus disease outbreak,” it said.

 

“The appropriate national guidelines, in line with international best practice, are being followed by the public health team dealing with the situation. This means that the body of the deceased has been isolated to minimise the potential spread of any possible virus.”

 

The statement said blood samples had been sent for laboratory testing to confirm whether or not this individual had contracted Ebola virus disease.

 

“Until a diagnosis is confirmed, and as a precautionary measure, the individual’s remains will stay in the mortuary pending the laboratory results which are expected late tomorrow.”

As usual, attempts to minimize a panic were implemented and the HSE said the risk of transmission of any disease was considered to be “extremely low”. Nonetheless while tests are being carried out for the Ebola virus, “isolation procedures have been put in place.”

Dr Darina O’Flanagan, head of the HSE Health Protection Surveillance Centre, said: “In general, the risk of contracting Ebola virus disease is extremely low and would involve very close personal contact with the infected individual or their body fluids for there to be any risk at all.” “We await the outcome of the laboratory tests before we will know whether or not this individual…
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Rick Perry “ISIS Could Be In US, Need To Be Eliminated Now”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Amid his corruption indictments, Texas Governor Rick Perry is making more headlines today. During a CNN interview, Perry exclaimed “it’s possible ISIS may have crossed into The United States from Mexico.” Speaking earlier at The Heritage Foundation, Perry blasted, “they need to be eliminated, and they need to be eliminated now.”

As The Daily Signal reports, Rick Perry said of the growing threat of the Islamic State, a “terrorist army” formerly known as ISIS rampaging through Iraq. After speaking at The Heritage Foundation on border and homeland security, Perry was asked whether he’d support putting U.S. troops on the ground again in Iraq to “eliminate” the Islamic State terrorists.

Watch the video for his response.





Missouri Governor Withdraws National Guard From Ferguson, Holder Warns Of “Deeper Mistrust”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Assuming Missouri Governor Jay Nixon doesn’t believe that last night’s massive storms were the cause of a quieter night in Ferguson, he has decided to withdraw The National Guard from the scene of Mike Brown’s death. It is unclear whether he realizes the error of his ways in this heavy-handed response or got a tap on the shoulder from The White House. Either way, we leave it to none other than AG Eric Holder to conclude  – “History simmers beneath the surface in more communities than just Ferguson,” -in other words, this is far from over…

 

As AP reports,

Gov. Jay Nixon is ordering the Missouri National Guard to begin withdrawing from Ferguson, where nightly scenes of unrest have erupted since a white police officer fatally shot an unarmed black 18-year-old.

 

Nixon announced what he called a systematic withdrawal of Guard officers on Thursday. He says they’ve effectively protected the city while other agencies worked to restore trust between law enforcement and residents.

 

Since the guard’s arrival Monday, flare-ups in the small section of town that had been the center of nightly unrest have begun to subside. The quietest night was overnight Wednesday and Thursday, when police arrested only a handful of people in the protest zone.

 

Since demonstrations began after Aug. 9 shooting of Michel Brown, authorities have arrested at least 163 people in the protest area.

But Eric Holder knows this isn’t over… (via NY Times)

Attorney General Eric H. Holder Jr. said on Thursday that the unrest the country has witnessed here over the past two weeks was emblematic of deeper problems that exist across the nation, where a corrosive mistrust exists in certain places between the police and the people they are meant to serve.

 

“History simmers beneath the surface in more communities than just Ferguson,” Mr. Holder said during a news conference in Washington.

 

 

“The national outcry we have seen speaks to a sense of mistrust” that exists beyond Ferguson, Mr. Holder said on Thursday.

*  *   *

Perhaps they listened to this chap…

 





Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Since President Kirchner unleashed her ‘cramdown’ plan for Argentinian debt, the Peso has collapsed at the fastest pace since January’s devaluation. The ‘official’ Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD – and Argentina’s debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.

 

The official Peso rate just hit record lows and is accelerating rapidly…

 

The Dolar-Blue has imploded at 13.8 – record lows…

 

and bonds are starting to reflect devaluation fears…

 

Charts: Bloomberg





Previewing Yellen’s Jackon Hole “Gobbledygook”: Not One Analyst Thinks Yellen Will Say Anything Remotely Hawkish

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Ahead of Yellen’s Jackson Hole speech tomorrow, the sell-side, hypnotized by 6 years of Fed bubble-inflating generosity, refuses to even consider the possibility that the Fed could possibly pull the punch bowl away, and the absolutely unanimous consensus is that despite yesterday’s minutes (or perhaps due to, because as the Chinese Department of Truth has taught us, one must first and foremost baffle with BS), Yellen will go uber-dove. So without further ado, here is what the Penguins expect Yellen’s “gobbledygook” will reveal tomorrow, and as a reminder, yesterday Citi warned that there is “tremendous” downside risk if Yellen doesn’t go “full-dovish”.

From Bloomberg:

Bank of Tokyo-Mitsubishi

  • Fed’s July minutes indicate many on FOMC see possible need to change characterization of labor mkt utilization, economist Chris Rupkey wrote
  • Yellen may address FOMC’s changing views as soon as Friday

Citi

  • Yellen to “respond in force” to calls for earlier rate increase, justify keeping current guidance, economist William Lee wrote

Credit Suisse

  • Geopolitical tensions with Russia, fighting in Middle East give Yellen and others excuse to delay “more hawkish rhetoric,” research analysts Dana Saporta, Xiao Cui wrote

HSBC

  • Yellen to repeat view on “undesirable” slack in labor mkt, economist Kevin Logan wrote
  • She’ll reiterate view even after recent unemployment decline

Jefferies

  • Jackson Hole won’t be “game changer,” economists Ward McCarthy, Thomas Simons wrote
  • Fed will not establish time frame for rates liftoff this week

Market Securities

  • Yellen’s tone should remain dovish this week, strategist Christophe Barraud wrote
  • She’s likely to focus on labor mkt slack, explain how it persists despite falling unemployment rate

Nomura

  • Yellen likely to emphasize plenty of evidence of slack, even with recent improvements in labor mkts, economist Lewis Alexander wrote
  • Not likely to signal policy change

Pierpont

  • Yellen seen as continuing to “swear up and down” that slack remains in labor mkt to justify “holding policy at emergency stance,” economist Stephen Stanley wrote

Renaissance Macro

  • Yellen to reiterate her “lower for longer” and “significant labor market slack” views, economist Neil Dutta wrote

Scotia

  • Yellen to give dovish “gobbledygook” on Friday, strategist Guy Haselmann wrote
  • Speech will likely discuss labor mkt slack as justification for “uber-accommodation”

Standard Chartered

  • Yellen to cite large slack in Jackson Hole speech, economist Thomas Costerg wrote
  • No hints of imminent policy action are expected




Council On Foreign Relations: The Ukraine Crisis Is the West’s – Not Putin’s – Fault

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

We’ve previously reported that it’s the West’s encirclement of Russia – breaking a key promise which led to the break-up of the Soviet Union – which is behind the Ukraine crisis.

We’ve also noted:

The U.S. State Department spent more than $5 billion dollars in pushing Ukraine towards the West.  The U.S. ambassador to Ukraine (Geoffrey Pyatt) and assistant Secretary of State (Victoria Nuland) were also recorded plotting the downfall of the former Ukraine government in a leaked recorder conversationTop-level U.S. officials literally handed out cookies to the protesters who overthrew the Ukrainian government.

 

And the U.S. has been doing everything it can to trumpet pro-Ukrainian and anti-Russian propaganda. So – without doubt – the U.S. government is heavily involved with fighting a propaganda war regarding Ukraine.

The news is starting to go mainstream …

Specifically, the Council On Foreign Relations (CFR) is a very mainstream, hawkish group.

CFR’s flagship publication – Foreign Affairs – has just published a piece blaming the Ukraine crisis on the West.

The piece by John Mearsheimer – in it’s September/October 2014 issue – accurately notes:

The United States and its European allies share most of the responsibility for the crisis. The taproot of the trouble is NATO enlargement, the central element of a larger strategy to move Ukraine out of Russia’s orbit and integrate it into the West. At the same time, the EU’s expansion eastward and the West’s backing of the pro-democracy movement in Ukraine — beginning with the Orange Revolution in 2004 — were critical elements, too. Since the mid-1990s, Russian leaders have adamantly opposed NATO enlargement, and in recent years, they have made it clear that they would not stand by while their strategically important neighbor turned into a Western bastion. For Putin, the illegal overthrow of Ukraine’s democratically elected and pro-Russian president — which he rightly labeled a


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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743"

Thank you for you time!

 
 

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Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black via Sovereign Man blog,

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