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150 Years Of Bank Credit Expansion Is Near Its End – by Alasdair Macleod – https://www.zerohedge.com/personal-finance/150-years-bank-credit-expansion-near-its-end
US-initiated ‘world war’ against Iran has failed and Washington has gone mad, IRGC militia commander says – https://www.rt.com/news/474094-iran-world-war-us-protests/ – “The group’s deputy commander, Brigadier General Ali Fadavi, said that Washington has “gone mad” over the fact that the country has returned to normalcy and that there is no more “disorder” in the streets… Hours earlier, US Secretary of State Mike Pompeo had called on Iran’s “brave protesters” to share videos and photographs exposing abuses by Iranian law enforcement and military personnel. He said the material would be used to “sanction” Iran for human rights violations… Tehran has scoffed at Washington’s statements of support for the protesters, noting that US sanctions have barred ‘delivery of food and drugs to the elderly and patients.’ ”
The Hollowing Out Of America – by Charles Hugh Smith – https://www.zerohedge.com/personal-finance/hollowing-out-america – “Most perniciously, America is being hollowed out as local enterprises that reinvested profits back into their own communities have been wiped out by monopolies and cartels drawing upon unlimited credit lines of cheap money supplied by the Federal Reserve and other central banks, a system that guarantees the top few will collect whatever “wealth” is being generated by globalization and financialization: The 1% grabbed 82% of all wealth created in 2017 (and 2018 and 2019…)… Here is hollowed-out America, an economy of ever-greater financial wealth piling up in the hands of the few while tens of millions of wage-earners can’t afford what was available to everyone, even the working class, in previous eras: to buy a family home, however modest; to be able to afford to have children; to build meaningful capital; to have a positive social role in the community; to have a say in the political system; to have the opportunity to become self-employed without gambling the entire family’s capital on the venture; access to the ladder of social mobility and access to the shared capital of a functional government and infrastructure.”
NEW REPORT: Evidence of Turkey’s War Crimes in Syria and ISIS Members Within its Ranks – by Khaled Iskef – https://21stcenturywire.com/2019/11/21/new-report-evidence-of-turkeys-war-crimes-in-syria-with-isis-members-in-their-ranks/ – “Former ISIS Fighters – Now Under Turkish Command: The number of the fighters in the Turkish-backed factions includes some 50,000 gunmen, including numerous militants known to be among ISIS members before joining the pro-Ankara factions. A former ISIS fighter reported this very fact to the UK paper, The Independent, thus confirming that NATO member Turkey has been using the name of the now defunct Free Syrian Army as a carefully designed smokescreen in order ‘to conceal its use of jihadi mercenaries.’.. This may also explain reports of these very same Turkish-backed forces reported to have deliberately released Islamic State detainees in Ain Issa Syria, Syria around 12 October, which was admitted by two US offificals.”
Preparing For Agressive War Against Russia – https://southfront.org/preparing-for-agressive-war-against-russia/ – “According to the chairman of the Federation Council’s temporary commission for the protection of state sovereignty and prevention of interference in Russia’s internal affairs, Andrei Klimov, foreign forces used YouTube video hosting during the August 10 rally on Moscow’s Sakharov Avenue in order to manipulate Russian citizens…’Simply speaking, people started receiving on their gadgets information from the sources, for which they had never signed up,’ the senator said… He added that the provided information was of instigative nature, encouraging citizens to violate law by sending them to protected federal facilities. Klimov recalled that on August 8, the temporary commission for the protection of state sovereignty and prevention of interference in Russia’s internal affairs cited the facts of blatant and illegal foreign meddling in Russia’s sovereign affairs in connection with the election to the Moscow City Duma… Ukraine, Poland, the Baltic States and some states of Northern Europe have already become a foothold for various propaganda organizations working to destabilize the situation inside Russia. The US and NATO are also intensifying their military buildup in these particular countries, located close to the Russian border.” – Comment: Considering the apparent extremely bellicose policies of the “United States”, EU Technocrats, and the Five Eyes Corporate/Intel alliance, and the often stated policies of keeping their “adversaries” destabilized by fears of “insane” behaviors, the developments in Eastern Europe now are understandibly unsettling to Russian and its allies.
Martin Armstrong Warns Of The Coming “Big Freeze” – by Martin Armstrong – https://www.zerohedge.com/health/martin-armstrong-warns-coming-big-freeze – “It is global cooling, not global warming, that we should fear the most. Climate change people may get their wish to reduce the population. That is usually the result of global cooling, which creates famine as we are witnessing already in North Korea. The past winter 2018/2019 experienced record breaking cold temperatures. We should beat that this winter 2019/2020… and here’s why… Professor Valentina Zharkova gave a presentation of her Climate and the Solar Magnetic Field hypothesis at the Global Warming Policy Foundation in October, 2018. The information she unveiled should shake/wake you up… Zharkova was one of only two scientists to correctly predict solar cycle 24 would be weaker than cycle 23 — in fact, only 2 out of 150 models predicted this… Zharkova’s models have run at a 97% accuracy and now suggest a Super Grand Solar Minimum is on the cards beginning 2020… Grand Solar Minimums are prolonged periods of reduced solar activity, and in the past have gone hand-in-hand with times of global cooling… The last time we had a GSM (the Maunder Minimum) only two magnetic fields of the sun went out of phase… This time, all four magnetic fields are going out of phase.”
Putting Monetization Into Perspective… Or “When It Becomes Serious, You Have To Lie” – by Chris Hamilton – https://www.zerohedge.com/economics/putting-monetization-perspective-or-when-it-becomes-serious-you-have-lie – a whole lotta charts underscoring the precarious state of the financial economy and public debt.
As Stocks Soar, Credit Markets Are Starting To CCCrack – by Tyler Durden – https://www.zerohedge.com/markets/stocks-soar-credit-markets-are-starting-cccrack – “When the next recession occurs, a significant portion of this debt will be downgraded to junk. Credit spreads for this debt will rise because of the deterioration in quality… But the story isn’t likely to end there. Forced selling will generate significant congestion within the corporate debt market. After all, many investors with mandates that restrict holdings to investment-grade debt will have to unload their newly junk-rated bonds. This selling will push securities prices below their underlying value. Prices will have to become overly cheap to provoke opportunistic buying.”
Wait two years for disclosure of repo cash recipients and amounts, New York Fed tells GATA – http://www.gata.org/node/19583 – “What kind of system of government is it when every week an entity created by ordinary legislation can create enormous amounts of a nation’s currency and disburse it to unidentified parties without any oversight by the people’s elected representatives, news organizations, and ordinary citizens? It sure doesn’t sound like ‘the land of the free and the home of the brave.’ ”
THEY GOT CAUGHT! Nunes Just Blew the ROOF off Impeachment Hearing With BLISTERING Opening Statement (from Gary Franchi 13 min) – Skip ahead to the start of Nunes’ statement, watch on 1.5 speed.
Lebanon on edge as economic crisis laid bare – Bond yields have soared into the triple digits, raising fears of a default as the dollar peg slips – by Alison Tahmizian Meuse – https://www.asiatimes.com/2019/11/article/lebanon-on-edge-as-economic-crisis-laid-bare/ – “While Lebanon has never defaulted in its history, it has one of the world’s highest debt-to-GDP ratios, more than 150%. The global credit ratings agency Standard & Poor’s in the past week joined Moody’s and Fitch in downgrading Lebanon’s sovereign credit rating to CCC, or junk… The luxury of interchangeable currencies now appears to be a thing of the past, with banks placing sharp limits on dollar withdrawals, even for US dollar accounts, or refusing them entirely due to lack of liquidity… ‘A soft landing is no longer an option,’ Akkaoui told Asia Times on Thursday… ‘Now is the time for crisis management. There is a finite amount of dollars remaining in the financial system that have to be utilized in an efficient manner to ensure citizens basic needs.’ ”
Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment – by Tyler Durden – https://www.zerohedge.com/political/pope-proposes-new-sin-thou-shalt-not-destroy-harmony-environment – “On Friday, he said he was considering going further. ‘We must introduce—we are thinking—into the Catechism of the Catholic Church the sin against ecology, the ecological sin against the common home, because it’s a duty,’ the pope told an audience of legal experts at the Vatican… He noted that bishops from the Amazon region meeting at the Vatican in October had defined ecological sin as an ‘action or omission against God, against others, the community and the environment. It is a sin against future generations and is manifested in the acts and habits of pollution and destruction of the harmony of the environment.’ ”
The Moment The Impeachment Hearing Unraveled (from Jimmy Dore 8.5 min) – Yet according to the pitiful Lamestream, “Bombshells” damning Mr. Trump are emerging from these hearings on an hourly basis…
Clinton Consultant Attacks Jimmy Dore For Exposing Elizabeth Warren for Lying (22 min)
Dropped Investigations: Julian Assange, Sex and Sweden (Opinion) – by Dr. Binoy Kampmark – https://southfront.org/dropped-investigations-julian-assange-sex-and-sweden-opinion/ – “On his apprehension, British Labour MP Jess Phillips was appalled by the idea of women’s issues being “the political side salad, never the main event.” In responding to Assange’s arrest, “the political establishment slapped us around the face.” Speaking collectively as voice of the slapped, she found the debate about how best to deal with the Australian publisher one that ignored ‘the fact that Assange, for seven years, evaded accusations of sexual violence in Sweden.’.. Not a sliver of acknowledgment about Assange’s status of political asylum was made. Assange was merely a creep worthy of punishment… As with other figures with historical freight, Assange is a character flawed and troubled, hardly your card carrying Women’s Libber or gallant knight. The ramshackle motor of history is not operated by saints; to even assume that level of purity and clean living suggests a degree of shuddering naïveté. But the stuttering Swedish prosecution, shelved then restarted, was never based purely on the dictates of conscience and the pursuit of justice on behalf of the claimed victims. Sex is politics, and from the start, the Assange prosecution, from Washington to Stockholm, was and remains, political.” (emphasis added)
Death Trap For Russia In Northern Syria – https://southfront.org/death-trap-for-russia-in-northern-syria/ – “On November 18, Turkish Foreign Minister Mevlut Cavusoglu said that Turkey will launch a new military operation in northeast Syria if the area was not cleared of what he called terrorists… Cavusoglu claimed that the United States and Russia had not done what was required under agreements that halted a Turkish offensive against “terrorists” (i.e. Kurdish armed groups – the YPG and the PKK) in northern Syria. Under the Turkish-US and Turkish-Russian agreements Kurdish units had to remove from the area near the Turkish border… The Erdogan government needs the “Kurdish threat” and the instability in northern Syria to have a wide group of formal pretexts for a further expansion into the neighboring country and backing of pro-Turkish groups operating there. Turkey is interested in a peace on its own territory. At the same time, it prefers a low intensity conflict in the ‘instability zone’ in northern Syria... By undermining the Turkish-Russian safe zone agreement and thus the Russian position in the region, the Kurdish leadership hopes to strengthen its negotiating position with Damascus and gain some additional political and financial revenue despite the collapse of its pro-US policies. Despite this, the wider look at the situation demonstrates that this approach is leading towards an even larger catastrophe. If the safe zone deal collapses and Turkish forces resume their offensive, the Kurdish population will get under the wheels of the Turkish military machine… According to some experts, the US is fully aware of this scenario and its intelligence services are now working to support YPG radicals that attack Turkish-Russian patrols because this gives Washington levers of influence to pressure forces of the Assad government and Russia on the eastern bank of the Euphrates.”