Daily Digest

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Daily Digest 1/25 - Social Security and the COLA Controversy, Moody's Ponders Energy Downgrades

Monday, January 25, 2016, 10:19 AM

Economy

Social Security and the COLA Controversy (PBD)

Some observers and many Social Security recipients think that the lack of a COLA in 2016 was a mistake. One argument is that the CPI-W is not an accurate measure of inflation's impact on seniors, and that the Consumer Price Index - Elderly (CPI-E) should have been employed instead. The CPI-E is a measure that gives greater weight to goods and services used disproportionately by seniors—medical care, for example.

Obama Calls Republican Vision ‘Unrecognizable’ in 2016 Race (jdargis)

“We had as competitive and lengthy and expensive and tough a primary fight as there has been in modern American politics, and she had to do everything that I had to do, except, like Ginger Rogers, backwards in heels,” Mr. Obama said. “She had to wake up earlier than I did because she had to get her hair done. She had to, you know, handle all the expectations that were placed on her. She had a tougher job throughout that primary than I did.”

How To Make Donald Trump President (jdargis)

Step 3: Some Democrats defect to Bloomberg, because they actually listen to those centrist pundits. Hardly any Republicans do — remember, two-thirds of them currently support Trump, Cruz, or Carson, and anyway they’ve never heard of Bloomberg. Also, New York values.

Step 4: Trump wins a yuuuuge victory.

America Is Still Losing At Skyscrapers (jdargis)

New York does have the second-tallest building on the list: 432 Park Avenue, which reaches 1,396 feet and is now the tallest all-residential building in the world. But you'd have to put a 60-story building on top of that one to match China's Shanghai Tower, the year's biggest. At about 2,073 feet, it's now the second-tallest building in the world (the Burj Dubai is still the king).

The New Health Care: How To Make Home Birth A Safer Option (jdargis)

Women should also know that if they’re in the hospital, they are more likely to get an induction, augmentation or other labor-related procedure. They’re more likely to get a cesarean section. Their children are more likely to be admitted to the intensive care unit and spend time separated from them after birth. It’s perfectly rational for parents to accept a statistically significant, but relatively rarer, higher risk of one bad outcome to avoid another.

Moody’s Ponders Credit Downgrades for 120 Energy Companies (Josh O.)

Also, several voices weighed on oil prices, raising the questions about the unreasonable decline below $30 per barrel. The head of state-owned Saudi Aramco said that oil prices below $30 per barrel was “irrational,” and that he expected prices to rebound this year. Separately, Citigroup said that oil could be “the trade of the year,” because a price increase is nearly assured. After all, prices cannot go much lower, can they?

New York rebounds after blizzard, Washington shuts down government (jdargis)

In Washington, where a traffic ban remained in effect, the recovery got off to a slower start, with the entire metropolitan transit system closed through Sunday. The U.S. Office of Personnel Management said federal government offices in the Washington area would be shut down on Monday, along with local government offices and public schools in the District of Columbia and its Maryland and Virginia suburbs. Virginia and Maryland state offices also were ordered closed.

Australian Farmer Creates an Amazing Solution to Fight Erosion (jdargis)

Fischer’s solution is elegant and unusual: To stop wind from being able to pick up speed, he created a pattern in his land that presents many different ridges, all at 90-degree angles, a bit like concentric squares, if there is such a thing. That way, wind in any direction can’t go very far before hitting a ridge and slowing down, nor can it ride along the edge of a ridge the way it could with a circular pattern, due to the many corners.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/22/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

33 Comments

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Yellen Losing Dollar Bet as Its Rise Slows Growth, Inflation

 

Yellen Losing Dollar Bet as Its Rise Slows Growth, Inflation

Bloomberg - ‎1 hour ago‎
16, measured on an effective exchange rate-basis. Coming on top of a 11 percent increase in the year prior, the latest advance will curb already slowing economic growth and put downward pressure on an inflation rate that the Fed judges is too low as it is.

So Yes, the Oil Crash Looks a Lot Like Subprime

Bloomberg-38 minutes ago
Created in January 2006 and consisting of a basket of credit default swaps (CDS) tied to the welfare of subprime mortgages, it allowed a bevy of investors to bet ...

Deutsche Bank: Chinese Stocks Are More Distressed Than During ...

Bloomberg-1 hour ago
In local-currency terms, the Shanghai Composite is down almost 17 percent this year, ... That's a lower valuation than it was during the financial crisis in October ...

Gold Is Back in Fashion After a $15 Trillion Global Selloff

Bloomberg-18 hours ago
The $15 trillion rout in global equity markets since May is reawakening the lure of .... Treasury provides a detailed breakdown of how much U.S. debt each holds.

PBoC in a quandary over capital controls

Financial Times-5 hours ago
When the Bank of Japan's governor said that capital controls could prove “useful” ... According to the memo, cited in Chinese media reports, the central bank last ...

Yuan speculator says China reserves could drop $200 billion in ...

Reuters-3 hours ago
He said Omni had re-entered the trade when prices of currency forwards came back down just over a ... "But if China has a crisis, it is radically too conservative.

China Capital Outflows Rise to Estimated $1 Trillion in 2015

Bloomberg-5 hours ago
China's capital outflows jumped in December, with the estimated 2015 total reaching $1 trillion, underscoring the scale of the battle facing policy makers trying to ...

Cracks Exposed in U.S. Bond Market as Liquidity Woes Warp Prices

Bloomberg-8 hours ago
Bond investors are sacrificing returns to own the most-liquid Treasuries because ... China, which has more than quadrupled its stockpile of Treasuries to $1.4 ...

Russian Economy Shrinks Most Since 2009 as Oil Prices Sink

Bloomberg-7 hours ago
A panoramic view of central Moscow on a winter evening, with the roofs covered in ... The central bank has held its benchmark at 11 percent for three meetings.
 

Scary Pension Math

City Journal-16 hours ago
Yet pension debt has now swollen from $233 billion to an estimated $1 trillion (by conservative measures). All but a handful of state systems have higher ...

Puerto Rico Electric Talks Proceed After Debt Plan Expires

Bloomberg - ‎4 minutes ago‎
Puerto Rico's main electricity provider and its bondholders are continuing negotiations even after a plan to restructure nearly $9 billion of debt terminated Friday. The restructuring support agreement between the Puerto Rico Electric Power Authority ...

U.S. IPO Market on Track for Slowest Month Since Recession

Bloomberg-3 hours ago
In the past year alone, Saudi Arabia burned through about $100 billion of ... the Treasury provides a detailed breakdown of how much U.S. debt each holds.

BOJ-fueled Tokyo property boom pricing average earners out of ...

The Japan Times-17 hours ago
Cheap debt may not be enough to sustain price gains this year as a stock ... “Anecdote suggests that the ¥500 million to ¥1 billion range is still very much the ...

US junk-rated energy debt hits two-decade low

Financial Times-21 hours ago
The value of debt issued by junk-rated US energy companies has ... The US shale revolution which sent the country's oil production soaring from 2009 to 2015 ...

Atlantic City leaders brace for bankruptcy meeting

Philadelphia Business Journal - ‎2 hours ago‎
"We have said that we do not want to file for bankruptcy," said Councilman Kaleem Shabazz, who represents the city's 3rd Ward. "But we have to protect the stability of Atlantic City. And it's our sworn duty as elected officials to do whatever we can to ...

Fears of Venezuela debt default rise as bond prices plunge

Curacao Chronicle-54 minutes ago
A sell-off in sovereign bonds has pushed the price on benchmark 2026 debt to 37 cents in the dollar, a level considered a precursor to default. The cost of ...

Nigeria's currency in free fall due to oil slump

eNCA-11 hours ago
File: Nigeria's commercial banks have been running out of hard currency, ... "Most investors expect a devaluation, and are reluctant to put new money into ...

World's Biggest Market Shrinks at Least 20% as Profits Slide

Bloomberg-7 minutes ago
A measure of currency volatility fell below its five-year average in October, ... struggling to come to terms with China's surprise devaluation of the yuan in August.

One Chart That Terrifies Emerging-Market Investors

Bloomberg View-1 hour ago
If you're wondering why investors seem so worried about China and other emerging markets, consider this: Companies there have piled on more risk than at any ...

 

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What's behind the character assasination?

Has anyone else noted the spate of headlines suddenly making very personal attacks in the press at Putin specifically, not Russia?

President Putin 'probably' approved Litvinenko murder

then

'Putin is the Tsar of corruption'

and today

'Putin is corrupt' says US Treasury

Now, I do not know, maybe he is a corrupt murderer but since when is this argued in the press by the US Treasury? Never mind the obvious hypocrisy in throwing around such accusations. All the western leaders' hands are scrupulously clean at this point, right? How about Obama, Bush Jr., Cheney any one?

Swallow your food before reading this quote:

Adam Szubin, who oversees US Treasury sanctions, has told BBC Panorama that the Russian president is corrupt and that the US government has known this for "many, many years".

He said: "We've seen him enriching his friends, his close allies, and marginalising those who he doesn't view as friends using state assets. Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't. To me, that is a picture of corruption."

Pot, kettle black?

The question I have is, why are we trying so hard to paint Putin as a 'really bad man' right now? Isn't this use of the attack-dog press to soften up public opinion just what we've seen over and over with Assad in Syria, Gaddafi in Libya, and Saddam in Iraq, just before the US starts the full court press for regime change?

Something to keep an eye on...

 

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Put'in it on Putin

Mark, 

I don't think this necessarily represents an uptick in the ongoing demonization of Putin. All of those articles flow from an event ie. the publication of long awaited review of the Litvinenko murder.  Using that 'news' event to keep trotting out talking points that fit with the existing Western narrative in place since he out foxed Obama's red line in Syria and the Crimea annexation.

As an aside an interesting reframe of that Litvinenko murder worth a look:    http://www.zerohedge.com/news/2016-01-22/until-today-i-assumed-putin%E2%...

You are correct that Character assassination is the MO prior to regime change   and though that may be a gleam in a Neo Con's eye, the reality on the ground is Putin is relatively secure with his hold on power internally. Though he does have domestic opposition, (competing power blocs) and the ruble collapse is problematic, he has moved to consolidate internal  power effectively and his domestic popularity is still very high.

I think the more practical benefit is to have a boogey man for the western public, to justify our misadventures and misallocation of resources. Blaming him for various failures in the ME and keeping him as a handy villain for upcoming financial collapse as well. 

The irony and hypocrisy of this campaign is off the charts. Psychological projection writ large.

My problem with all of this is if you have to Emmanuel Goldstein figure,It would make more sense to have one that doesn't possess ICBM's

 

mememonkey

 

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False flag coming

... in 5 - 4 - 3... And we can blame it on evil Russian hackers working at the behest of the corrupt Putin.  Surely the false flag will allow TPTB to reap even more Ill-gotten profits, hide their nefarious actions and grab more power on their way to ruling the world. 

Bring it!

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The BBC also report Putin is

The BBC also report Putin is a pedophile at same time -what a coincidence

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Neocons? They are tools.

And behind Neocons and Cultural Marxism is someone who you call an animal.  He returns the compliment. 

This is why you must deny the evidence of your own eyes. Once seen, He must be unseen. This being has been laying the flattery on with a trowel.  And this is why you are being fed a constant stream of bamboozling diarrhea.

No H. Sap., you are not the smartest kid on the block. That should come as no surprise. The Earth is a lot more interesting than he lets you know.

http://www.peakprosperity.com/comment/190669#comment-190669

 

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Putin

Bill Browder was at one point the largest foreign investor in Russia.He estimates that Putin may be worth somewhere in the neighborhood of 200 billion.That would make him the richest man in the world.Browder wrote a book called Red Notice:A True Story of High Finance,Murder,and One Mans Fight for Justice.Putin spent the 1st ten years of his reign stealing billions of dollars that were meant for roads,schools infrastructure etc.This was the money off the backs of the Russian people.The money is stashed in swiss accounts,hedge funds,villas etc.They dont come worse than him.. 

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What's next?

He probably kicks small dogs too and robs little old ladies (oops that's Western government's).

Thanks for the link Mememonkey. What I wonder is who exactly are the western Neo Cons trying to convince of what with this sort of stuff?  Is it just me or does US foreign 'policy' look like amateur hour these days? Does the US really think they are so smart and the rest of the world is so dumb?

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Books

Writing books is HC's favorite method of spreading his message. 

People retain 80% of what they read. It is interesting that the Celts banned reading and writing. The Bards had to memorize the entire legal code. A practice that has a lot to recommend it. 

The first half of Red Notice traces Browder’s improbable journey from prep-school washout through college, business school, and a series of consulting and Wall Street jobs before becoming Russia’s largest foreign investor....

 

http://www.amazon.com/Red-Notice-Finance-Murder-Justice/dp/147675571X#pr...

Improbable indeed.

No high school dropout shoots to the top of the pile without a little quid pro quo.

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Not a good guy

Edwardelinski,

I wasn't arguing that Putin is a 'good guy'. He may be a monster for all I know. Maybe he is the world's most successful thief if he's stolen $200 billion but that has no role in why the US is continually attacking him. If he is singlehandedly torching the Russian economy with his avarice then the US would simply be enabling him so that he could self destruct and take Russia with him. The problem is that Russia isn't collapsing and Putin's powerbase is solid. He doesn't play ball with the would-be rulers of the world and so he has to go. Angel or Devil the attacks would be the same, in my opinion.

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They definitely come worse than Putin.
Edwardelinski wrote:

Bill Browder was at one point the largest foreign investor in Russia.He estimates that Putin may be worth somewhere in the neighborhood of 200 billion.That would make him the richest man in the world.Browder wrote a book called Red Notice:A True Story of High Finance,Murder,and One Mans Fight for Justice.Putin spent the 1st ten years of his reign stealing billions of dollars that were meant for roads,schools infrastructure etc.This was the money off the backs of the Russian people.The money is stashed in swiss accounts,hedge funds,villas etc.They dont come worse than him.. 

Is Putin a bastard?  probably.  Anyone that rises to his level of power in the environment that he did is almost by definition capable of ruthless actions.    I've seen a credible case that  that the Apt building bombings, that catalyzed the do over war in Chechnya that cemented his popularity were false flags with fingerprints of his FSB.

However, Bill Browder  the "Billionaire Vulture Fund" pirate that was part of the western 'investor' set looting and pillaging in the the wild 90's  privatization era  to my mind lacks credibility to make claims about 'Putin's stolen Billions"  His one mans's fight for justice, seems more like a self serving campaign around the financial losses he suffered when booted out of the country in 2006.  There are a bunch of pissed off Rich guys who Putin gave the boot as he was able to reassert sovereignty over Russian resources.

Murdered lawyers and such,  that stuff happens quite a bit in Russia, because they play rough there.  (turns out people play rough here as well.) So much of what is attributed to Putin can probably be attributed to rough characters who's interests were aligned.

Hard to say what is true at that level, real facts are scarce and the environment is opaque.

At the level that is visible,  Putin actions are consistent with the National interests of Russia and consistent with International laws.  By that standard Western governments are not even close. 

 

mememonkey

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Projection indeed!
Cornelius999 wrote:

The BBC also report Putin is a pedophile at same time -what a coincidence

Well,  Britain's elite have some experience in that regard....

 

mememonkey

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not looking to argue bro...

i have no dog in this fight,nor do i need to be right...let it go...

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Health care costs

Booming health care costs and growing deficits create budget headache for Republicans

Washington Post - ‎4 hours ago‎
Federal health care costs are expected to jump to $936 billion in 2016, outpacing the $882 billion projected spending on Social Security, according to a report released Monday by the Congressional Budget Office. Those rising costs, paired with a huge ...

Warning: Feds now foresee $30 trillion debt, blame looming tax ...

Washington Times-1 hour ago
The federal government will be flirting with $30 trillion in debt within a ... years of progress and added nearly $750 billion to projected deficits over the next ...

US Treasury to sell $55 billion in bills this week

Reuters-11 hours ago
U.S. Treasury to sell $55 billion in bills this week. WASHINGTON ... 2-Step Hack Helps You Get Rid of Credit Card Debt. Lending Tree. Read article.

 

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Because it Works
Mark Cochrane wrote:

Thanks for the link Mememonkey. What I wonder is who exactly are the western Neo Cons trying to convince of what with this sort of stuff?  Is it just me or does US foreign 'policy' look like amateur hour these days? Does the US really think they are so smart and the rest of the world is so dumb?

Mark,

This propaganda is remarkably effective.  The primary audiences are the U.S. and European Public opinion.  And it works!  If you  ask the man on the street, you will see that general opinion  reflects these memes uncritically.  Even at more elite levels, this sort of nonsense become orthodoxy.

The objective is to manufacture consent for the continued policies that you have seen play out,  the balkanization of the Mideast, the color revolutions in Eastern Europe, the continuing march towards 'full spectrum dominance' as outlined in the Project for a New American Century. 

These are Geopolitical agendas,  and they could not exist without the  passive assent of public opinion and group think of functionary elites.  Cultivation of villains and shaping of the narrative with the occasional false flag 'incident ' allows that to happen. 

Even when people see that our policy is a  disaster, they don't question the underlying rational, just bitch about execution. so we are left with continuing iterations of policy that further the original agenda.    Take for example, the notion that the disintegration of Iraq was somehow a failure.  Only from the perspective that it was sold to the US Public.  By the actual motivations with it's origins in the 1980's and spelled out in the 'Clean Break' strategy in the late 90's  It was a grand success.

Repackage the villain and the rational and it's off to Lybia, than Syria. etc.  same policy same agenda.

mememonkey

 

 

 

 

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No Worries Dude
Edwardelinski wrote:

i have no dog in this fight,nor do i need to be right...let it go...

Didn't realize we were arguing, I thought it was a discussion around current events and perspectives.

Bromonkey

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Back to the future

PPT better get to work on those Dow futures. Time to earn those creepy-pyramid-eye-thingy-bucks...

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Japan down 2.5%, China down 6%

Bad night over there.

http://www.reuters.com/finance/markets/asia

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Former British Foreign

Former British Foreign Secretary David Owen says Putin did  " all the giving" in closing two military bases. Also said Yougslavia war a mistake.  The Putin interview, Paul Craig Roberts Translations

Gaddafi predicts Europe will be overrun by migrants if anything happens to him. PCRT. Putin interview.

Special BBC Panorama programme tonight on that Bad Bad Man, Putin. 

PCR.com says Litvinenko's father and brother deny murder story.

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Karen Hudes Response

Remember this?

That is exactly why the Swiss are now bringing this referendum.  http://thewealthwatchman.com/will-the-new-swiss-referendum-reign-in-the-banking-beast-or-create-a-new-monster/
 
People are responsible.  That is the whole point of the Global Currency Reset.
 
 
On Sat, Jan 23, 2016 at 11:13 PM, robey wrote:
 
 
Dear Karen, 
 
would you care to comment on these observations? 
 
 
Money In The Bank
 
  • Money in a bank account has been deemed to be a loan  to the bank in a centuries-old  English law case.
  • Lenders require collateral against monies lent.  Banks require collateral against the money they loan to you.
  • Where then is the collateral offered by the banks against the money you lend them?
  • Are employers not committing fraud and collusion by lending your money to the banks without your consent?
  • Are employers required to do due diligence before lending your money to the Banks? Does the onus of responsibility not lie with the employer if the Bank that they lend your money to does not honor their commitment to you? 
 
I'll see if I can get Karen Hudes to respond.
 
 
Regards, 
 
Arthur. 
Here is Karen's link again. (I'm having trouble with the formatting).
 
 

http://thewealthwatchman.com/will-the-new-swiss-referendum-reign-in-the-...

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putin is a bad man

So Mr Putin is a bad man from all I can tell - problem is, Russian people seem to have an affinity for Bad Men, and his popularity with his people seems if anything increased by the external pressure the US places on him.  Russian people resisting outside pressure - who could have figured that one out?

It seems that we only sporadically notice Putin's bad-ness.  I've noticed this is the case with all the rest of the world's dictators we support.  I notice they all become really bad when we decide we want to replace them.

Is he corrupt?  Probably so.  In the US, its a corrupt system rather than a few massively corrupt individuals.  No one individual in the US makes tens of billions while in office or even after they leave, but the people end up being strip-mined by the system just the same.  I just think the loot is spread out amongst a larger group, vs Russia where it ends up in fewer people's hands.

That said - I'd rather live in the US than in Russia.  For what that's worth anyway.  Minus Snowden, I don't see many people fleeing the US for Russia.  It could all just be per capita GDP - but it might also be a stronger sense of Rule of Law for the common people.

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Fire Melts Steel Building but Edna keeps waving

We are told that:

1.  an aluminum framed plane struck this world trade center tower (and we have seen videos of it)

2.  and sliced through the 14" steel beam that formed the outer structure like "a hot knife through butter"

3.  and 10s of thousands of gallons of jet fuel poured into the tower causing fires so hot

4.  that the structural steel weakened and collapsed.

However, Edna, a human being who worked on this floor, was able to walk over to the gaping whole in the building and wave to us.

Remember that

Though jet fuel may melt steel, it does not harm people or passports.

Do not stop and critically question any part of this story or you may be crazy.

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Ed Wrote: "Putin spent the

Ed Wrote:

"Putin spent the 1st ten years of his reign stealing billions of dollars that were meant for roads,schools infrastructure etc.This was the money off the backs of the Russian people."

A quick fact check states quite the opposite for education:

https://en.wikipedia.org/wiki/Education_in_Russia:

"The literacy rate in Russia, according to a 2015 estimate by the Central Intelligence Agency, is 99.7% (99.7% men, 99.6% women).[7] According to a 2012 OECD estimate, 53% of Russia's adults (25- to 64-year-olds) has attained a tertiary (college) education, giving Russia the highest attainment of college-level education in the world"

"In 2014, the Pearson/Economist Intelligence Unit rated Russian education as 8th best in Europe and 13th best in the world;[10] "

Depsite all of Putin warts, he does seem to have an interest in making Russia an strong nation and has been working to improve its economy and living standards. Russia is a odd-nation, its always been segregated from the rest of Europe and has a long history of economic difficulties. To suggest Russia problems should be shoulded by Putin is ridiculous.

For the most part, Putin and Russia has largely been silent and avoid foriegn entanglements, untill the US gov't started ramming it foriegn policy down Russia's throat. 

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Great video Sand_puppy,

Great video Sand_puppy, Thanks

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Russia says put up or shut up?

Russia BBC Panorama: Kremlin demands 'Putin corruption' proof

The Kremlin has called on the US Treasury to come up with proof after it told a BBC investigation it considered President Vladimir Putin to be corrupt.

Spokesman Dmitry Peskov told reporters the allegation was an "official accusation" and a "total fabrication".

Adam Szubin, who oversees US Treasury sanctions, told BBC Panorama that the US government had known Mr Putin was corrupt for "many, many years".

It is thought to be the first time the US has made such a direct accusation.

----

Mr Peskov told reporters in Moscow that the Panorama allegations would have looked like "another classic case of irresponsible journalism, if not for an official comment from a representative of the US finance ministry".

As such it was an official accusation. "It clearly shows who is directing this," said Mr Peskov, who added that such an allegation required proof, to show that the statements were not unfounded slander.

 

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Media weapon.

If only Putin were corrupt then he could be handled.

If  he were into kiddie fiddling for instance he could be  blackmailed. If his penchant was money, that would be  an easy fix. There is no harm in adding many zeroes to his Swiss Bank Account for optics. If he could find some purchase that was a burden to his balance, stonewall.

No. The  reason for the character assassination is evidence that he is uncontrollable.  

This might have succeeded if he were female. They are more sensitive to societal opprobrium as that is their greatest threat. Males are sensitive to physical violence as that is their greatest  threat.

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Russian Intelligence

I am not disputing the intellect of the Russian people.There are at least 10 countries,many developing nations that surpass the U.S. in science and mathematics alone.In China starting in the 1st grade the kids are learning how to code and are fluent in english upon graduation.There are a crop of young girls from India that are expected to descend upon silicon valley over the next 5 years to make a significant mark.My comments were in regard to the outright theft of billions of dollars from the Russian people.Russia is a developing nation and an emerging market.They are in the middle of its worst financial crisis in years.Last week the rouble collapsed to its lowest level ever.The economy shrank last year by almost 4%.The IMF predicts another 1% decline for 2016.Retail sales are down 10% and global trade down by a third.The government is concerned over mass discontent as living conditions worsen...Comparing the U.S. to Russia is apples and oranges....

 

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Quote: more sensitive to
Quote:

 more sensitive to societal opprobrium as that is their greatest threat

Um, no.

Arthur, you're making sweeping generalizations again.

Some people might think of social opprobrium as a threat but it's not a gender thing.

And more than just males feel threatened by physical violence.

Mark Cochrane's picture
Mark Cochrane
Status: Diamond Member (Offline)
Joined: May 24 2011
Posts: 1216
Edwardelinski wrote: They are

Edwardelinski wrote:

They are in the middle of its worst financial crisis in years.Last week the rouble collapsed to its lowest level ever.The economy shrank last year by almost 4%.The IMF predicts another 1% decline for 2016.Retail sales are down 10% and global trade down by a third.The government is concerned over mass discontent as living conditions worsen...Comparing the U.S. to Russia is apples and oranges....

Yes, but they are in that mess primarily due to the financial attacks from the west after the Ukrainian situation, followed on by the great commodity collapse. Are you trying to say this was somehow a function of Putin's mismanagement of the Russian economy?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
On the contrary Yoxa, it is

On the contrary Yoxa, it is you who are making sweeping generalizations about me.

I didn't pluck the statement out of the air. It was the result of a psychology experiment. 

 Don't bother asking me to find the references. If you are interested you have the web at your disposal.

HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 760
Arthur Robey wrote: If only
Arthur Robey wrote:

If only Putin were corrupt then he could be handled.

Tee hee.  Putin's not corrupt?  That's beyond naive.  I've worked with Russians high schoolers every day for 10 years now, and the vast majority of them like Putin and know that he's corrupt.  Many of them have told me that they believe that he's Russia's richest man, but that he simply hides it.  I've heard that independently from different students at least 5 times over the years so whether it's true or not, it's clearly a meme among Russians.

Putin may not be able to be bought by the West, but he is clearly corrupt.

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