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Daily Digest 11/23 - Americans Buying Tons Of Gold, Magical Thinking About ISIS

Monday, November 23, 2015, 11:13 AM

Economy

When Wall Street Gets DeFANGed———Look Out Below! (Aaron M.)

In fact, there were some fireworks in last week’s gains, but if history is any guide they were exactly the kind of action that always precedes a thundering bust. To wit, the market has narrowed down to essentially four explosively rising stocks—–the FANG quartet of Facebook, Amazon, Netflix and Google—–which are sucking up all the oxygen left in the casino.

Putin Tells Everyone Exactly Who Created ISIS (Aaron M.)

In western media Putin could soon find himself painted as the new combination Hitler/Stalin in a looming WWIII—another so-called “just war” which US will be “morally compelled to fight”, to “save the world from tyranny”. Christian dominionists will be calling it Armageddon—the final battle between Good and Evil before the return of the King!

Obama Orders Inquiry Into Intelligence on ISIS (jdargis)

In recent weeks, the Pentagon has expanded its investigation into the allegations and has seized a large trove of emails and documents as it examines the claims. The president said altering reports to make them more optimistic would be contrary to his wishes.

Magical Thinking About ISIS (jdargis)

It is hard not to feel sentimental about the neighbourhoods of the 10th and the 11th, where IS attacked Le Petit Cambodge and the Bataclan theatre. I know these neighbourhoods well; a number of my journalist friends live there. In a city that has become more gentrified, more class-stratified and exclusionary, they are still reasonably mixed, cheap and welcoming, still somehow grungy and populaire. Odes to their charms have flooded the French press, as if the attacks were primarily an assault on the bobo lifestyle. ‘They have weapons. Fuck them. We have champagne,’ the front page of Charlie Hebdo declared. But as the journalist Thomas Legrand noted on France Inter, ‘the reality is that we have champagne … and also weapons.’

Americans are buying tons of gold (jdargis)

The skyrocketing demand signaled a level of interest in gold investment "not seen since the global financial crisis," the group said.

The U.S. Mint backs up that assessment. It said gold Eagle coin sales surged to nearly 400,000 ounces last quarter, the highest level in more than five years.

PBS NewsHour Uses Russian Airstrike Footage While Claiming U.S. Airstrike Successes (richcabot)

The U.S. then claimed to have hit 116 oil tankers while the Russian air force claims to have hit 500. But there is an important difference between these claims. The Russians provided videos showing how their airstrikes hit at least two different very large oil tanker assemblies with hundreds of tankers in each. They also provided video of several hits on oil storage sites and refinery infrastructure.

Why SEIU Backed Hillary (jdargis)

The best way to understand SEIU’s decision is to work backwards from what it considers an absolute imperative: electing a Democratic president in 2016. For the labor movement, it is now a question of survival. Union membership represents barely 11 percent of the American workforce, and that number drops nearly every year. A Republican chief executive means a Republican majority on the National Labor Relations Board, and perhaps decades more of a right-wing Supreme Court, which has already shown itself willing to disrupt generations-old norms in workplace representation.

To Save African Penguins, Humans Run a Dating Service (jdargis)

Scientists gather the genetic information on more than 800 birds held around the country and make breeding recommendations based on which are least related to one another. The facilities maintain “studbooks” that track the information and carry out prescribed breeding and transfer plans.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/8/15

Provided daily by the Peak Prosperity Gold & Silver Group

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saxplayer00o1
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Repost Of Today's News

Europe recession 'could be permanent'

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Treasuries Fall as Week's Sales to Tally More Than $100 Billion

Bloomberg - ‎2 hours ago‎
Longer-term U.S. government debt gained the past two weeks as Federal Reserve officials signaled they'll proceed cautiously in raising interest rates after boosting the overnight target from near zero. San Francisco Fed President John Williams said Nov.

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Time2help's picture
Time2help
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As within, so without
Quote:

"We all have inner demons to fight, we call these demons fear and hatred and anger. If you do not conquer them then a life of one hundred years is a tragedy. If you do, then a life of a single day can be a triumph." - Yip Man

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Time2help
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She got it...exactly wrong

Time2help's picture
Time2help
Status: Diamond Member (Offline)
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Posts: 2766
To make them all understand...

...you must yell louder at it.

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Time2help
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Joined: Jun 9 2011
Posts: 2766
Life used to be simpler

Or was it?

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Posts: 2237
Turkish F-16s Shoot Down Russian Su-24 Warplane Near Syria Borde

From ZH: http://www.zerohedge.com/news/2015-11-24/turkish-f-16-shoots-down-russian-su-24-warplane-near-syria-border

Moments ago a big black geopolitical swan landed when newswires lit up with headlines that a Turkish F-16 shot down what was initially said to be an unidentified warplane near the Syrian border after it violated Turkey's airspace on Tuesday, a Turkish military official said, but the nationality of the downed aircraft was not immediately clear.

According to Reuters, Turkish F16s warned the jet repeatedly over the airspace violations before shooting it down.

...

Footage from private broadcaster Haberturk TV showed a warplane going down in flames in a woodland area, a long plume of smoke trailing behind it. The plane went down in area known by Turks as "Turkmen Mountain" in northern Syria near the Turkish border, Haberturk said.

...

Minutes later, the Turkish Lira sank like a rock while risk assets across Europe tumbled when the Turkish presidency confirmed that, as many had expected, the jet was a Russian fighter jet, which the Russian Defense Ministry later said was a Su-24. The Su-24 jet was warned after violating Turkish airspace and was then downed in line with Turkey’s rules of engagement, Anadolu says, citing officials at the presidency.

According to Todays' Szaman, in a statement, the Turkish military said a plane of unknown origin was shot down after it violated the Turkish airspace despite repeated warnings. The aircraft was warned 10 times in 5 minutes, the military said.

It said two Turkish F-16s were involved in the shooting down of the jet.

However, while moments ago the Russian defense ministry confirmed that the shot down plane was indeed one of its own in what will be deemed a clear act of aggression by a NATO-member country against Russia, the Russian defense ministry said it could prove the aircraft was over Syria for the entire flight.

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