Causes of Revolution (Aaron M.)
When most people think of revolution, they think of big bloody wars where a government in power is overthrown by mobs of angry people. Although these revolutions get all the glory in history books, it does not always happen this way. One definition is even simply “a dramatic and wide-reaching change in conditions, attitudes, or operation.”  For purposes of this discussion, we’ll assume that revolution means to forcibly exchange one power structure for another, either violently or through political or economic means.
“Nobody has asked the European people so far whether they support, accept, or reject the mandatory migrant quotas,” Orban proclaimed, at a press conference late last month. “The government is responding to public sentiment now: we Hungarians think introducing resettlement quotas for migrants without the backing of the people equals an abuse of power.”
Following last month’s inflation ‘jolt’ to the marketplace, Core CPI increased 2.3% YoY in Feb – the biggest jump since October 2008 (led by the biggest monthly surge in apparel prices since 2009). Bond & Stock markets are dropping in the news as it corners The Fed further into a hawkish stance, despite the recessionary warning signals screaming from the manufacturing (and increasingly Services) sector.
Over the past several weeks, courtesy of the jump in oil prices from 13 years lows, the narrowly reopened window granting some companies the chance to sell equity and in some cases debt (and promptly use the proceeds to repay their secured lenders), and the various last-ditch extensions afforded to near-default oil and gas companies, the dire reality of the default wave about to be unleashed in the shale patch has been swept under the rug, if only briefly.
That is about to change.
Zero-Hour for the Precious Metals (Kevin J.)
“Just as the world was breathing a massive and collective sigh of relief that a new bull market in gold and silver had arrived with all the pomp and pageantry of a Royal Wedding, the Barbarians climbed the walls and are now very close to razing the palace.”
“Whilst there were reasonable grounds to suspect the commission of offences involving serious or complex fraud, a detailed review of the available evidence led us to the conclusion that the alleged conduct, even if proven and taken at its highest, would not meet the evidential test required to mount a prosecution for an offence contrary to English law,” the financial watchdog said on Wednesday.
“It has further been concluded that this evidential position could not be remedied by continuing the investigation.”
If central banks and their handpicked political hooligans are successful in banning cash, the central bank’s RScoin could become the only game in town for millions and even billions of savers and investors. And central bankers would love that idea because they’d have total access to those accounts. They’d know everything you were doing and have the ability to seize or shut off your account at their choosing.
America’s Gestapo: The FBI’s Reign of Terror (Aaron M.)
As part of the government’s so-called ongoing war on terror, the nation’s de facto secret police force is now recruiting students and teachers to spy on each other and report anyone who appears to have the potential to be “anti-government” or “extremist.”
Judge Sergio Moro published transcripts of conversations that federal police obtained by tapping Lula’s phone as part of a corruption investigation, known as Carwash. In one of the transcripts, published Wednesday evening, Rousseff makes reference to Lula’s appointment as her chief of staff, saying that she was sending the document confirming his nomination and that he should use it only when needed.
Quiet Support for Saudis Entangles U.S. in Yemen (richcabot)
Two days of discussions in the West Wing followed, but there was little real debate. Among other reasons, the White House needed to placate the Saudis as the administration completed a nuclear deal with Iran, Saudi Arabia’s archenemy. That fact alone eclipsed concerns among many of the president’s advisers that the Saudi-led offensive would be long, bloody and indecisive.
One of the biggest scandals at the end of 2014 was the dramatic confirmation courtesy of 48 hours of declassified tapes by former NY Fed staffer Carmen Segarra that not only Goldman Sachs controls the New York Fed (headed by former Goldman managing director Bill Dudley), but that disturbingly one of Goldman Sachs’ then-employees, former NY Fed regulator, then 29-year old Rohit Bansal was routinely being provided with confidential NY Fed documents.
A combination of high functionality and low production costs has made plastic one of the most popular materials in the world. In the past 50 years, plastic use has increased 20 times. If current consumption rates continue, plastic use will double again in the next 20 years.
“There was nothing unintentional about EPA’s actions with regard to breaching the mine,” Rep. Rob Bishop (R.-Utah) said this month. “They fully intended to dig out the plug and breach it.”
Larsson and a few other scientists are trying a different approach to bringing back the dinosaur: resurrecting the long-extinct animal’s traits in a living ancestor, the chicken. It’s an idea that’s been popularized by paleontologist Jack Horner (the real-life inspiration for Alan Grant in Jurassic Park), who frequently talks about his wish to make a “Chickenosaurus.” We might just be getting closer. In a new experiment, scientists in Chile say they’ve managed to grow dinosaur-like legs on a chicken.
Gold & Silver
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