‘Scapegoating’ China: Is US Fed to blame for market crisis or is Beijing ‘exporting pain’?

from RT

As stock markets continue their slide into negative territory, economists debate whether the problems lie in monetary mismanagement by the US Federal Reserve or with China’s domestic concerns “exporting pain” to others via its yuan devaluation.

Speaking to RT, economist Peter Schiff of Euro Pacific Capital Inc. said that there is a lot of “scapegoating” surrounding China and the yuan’s devaluation when it comes to the recent downward fortunes of global stock markets, but that the Federal Reserve is the more responsible culprit when it comes to any instability in the American economy.

“This is not about China. This problem is made in America. It’s all about the Fed. The Fed inflated this bubble and now they’re threatening to prick it. Everybody expects the Fed to actually raise interest rates,” Schiff said, after US stocks rallied early Tuesday before crashing in the final hour of trading.

He went on to say that he believes the possibility of the Fed raising rates is “a bluff,” and that doing so would trigger another financial crisis.

“If the Fed takes away the zero percent interest rates, this market is going to implode and we’re right back at recession… that is what is hurting markets around the world,” Schiff said. “It’s the fear of higher interest rates. That’s propping up the dollar, that’s depressing emerging markets, that’s depressing commodity markets.”

[read more here]

Central Banks Have Become a Corrupting Force

by Paul Craig Roberts, from Sputnik International

Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich?

These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the second quarter. Smart money would have been selling, not buying.

It turns out that the Swiss central bank, in addition to its Apple stock, holds very large equity positions, ranging from $250,000,000 to $637,000,000, in numerous US corporations — Exxon Mobil, Microsoft, Google, Johnson & Johnson, General Electric, Procter & Gamble, Verizon, AT&T, Pfizer, Chevron, Merck, Facebook, Pepsico, Coca Cola, Disney, Valeant, IBM, Gilead, Amazon.

Among this list of the Swiss central bank’s holdings are stocks which are responsible for more than 100% of the year-to-date rise in the S&P 500 prior to the latest sell-off.

What is going on here?

[read more here]

So This Just Happened

by Scott Creighton

After writing my latest article about Malala, I was finally able to take my dog Church outside for a short little walk. He’d been begging me to go out while writing and he obviously really needed the relief.

So we go out and it’s just starting to get a little dark down here in Tampa and we usually only go out in the front yard for a bit then off to the back yard for him to do his important business. And I notice up the street a little way, something that looks like a lump on the sidewalk in front of a wheelchair parked next to a dumpster.

My eyes aren’t what they used to be and I couldn’t figure out what it was. Turns out after a closer examination, it was a man lying on the sidewalk.

He wasn’t moving. I tried saying something to him and he didn’t respond. Didn’t move a muscle.

I was without my cell phone so I returned with Church back to the house and called 911.

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Globalist Guggenheim, Creator of Charter School Film “Waiting for Superman”, Made New Malala Documentary

by Scott Creighton

I hate too say I told you so but…

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A little background:

Nearly three years ago on Oct. 14 2012, 5 days after the Malala psyop was staged, I wrote The Staged Malala Yousafzai Story: The Face of the “Universal” For-Profit School Movement , a story about how the Malala psyop was all about the global for-profit charter school system scam. Exactly a year after that on Oct. 13th, 2013, I proved my hypothesis about Little Malala when I wrote McKinsey & Co, Inc.: The Globalist Management Consulting Firm Behind the Malala For-Profit Charter School Psyop

It didn’t take me long to figure out what the Malala psyop was all about because I did my homework. The New York Times and the BBC crafted Malala or at least the story of her in order to eventually turn her into some kind of useful tool they could cash in when ready. The BBC approached her sleazy father who was running a failing private school business in Pakistan in search for a cute little Wag the Dog blogger they could ghost-write stories for. He picked a girl from his school but her parents said “no way, creeper” and eventually he offered up his own daughter.

“At the beginning of 2009, Yousafzai had a chance to write for BBC Urdu when her father, Ziauddin, was asked by Abdul Hai Kakkar, a BBC reporter out of Pakistan, if any women (uh, underage girls that is) at his school would write about life under the Taliban.” Wiki

Her “blog” ran under an assumed name at the BBC for about 3 months getting no attention but for some reason, the New York Times decided to make a documentary about her. Adam Ellick was brought in to do the film, a short documentary called “Class Dismissed

This set her up to become the ultimate astroturf, Wag the Dog, hero considering she was this little 11-year-old girl “standing up” to the Taliban. Of course, if you watch the actual film, she says she’s not “political” (while every blog post attributed to her was political) and the film maker happens to mention her father’s for profit school that just closed down was destroyed by the Pakistani military, not the Taliban.

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X22 Report: World War III Will Be Used To Cover Up The Central Bank Economic Collapse

Young Japanese stage nationwide protests against security bills being debated in Upper House

from Japan Times

Thousands of young people rallied Sunday throughout Japan, protesting the security bills that Prime Minister Shinzo Abe wants to pass during the current Diet session.

Demonstrations and gatherings took place at more than 60 locations around Japan — in Hokkaido, Aichi, Osaka, Fukuoka and other prefectures — in response to a call by a group called Students Emergency Action for Liberal Democracy, or SEALDs.

The bills are now under deliberation at the Upper House, after being railroaded through the Lower House by the ruling coalition, sparking public opposition. The bills would significantly expand the scope of Self-Defense Forces missions overseas.

In Tokyo, about 6,500 protesters gathered to march toward the popular Shibuya shopping and entertainment district, chanting slogans such as “No War” and “No Change in the Law.”

[read more here]

Israeli President Says Illegal Occupation of Palestine “is a basic fact of modern Zionism” and he Loves It

(And there you have it)

from Yahoo News

President Reuven Rivlin said during talks with settler leaders on Monday that Israel had a “right” to build settlements in the occupied West Bank, his office said in a statement.

“I love the land of Israel with all my heart. I have never and will never give up on this land. For me, our right to this land is not a matter of political debate. It is a basic fact of modern Zionism,” Rivlin said,

For Rivlin the “land of Israel” includes the occupied West Bank where Jewish settlements are considered illegal under international law.

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