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Hometown: Michigan
Current location: Lower mid-Michigan
Member since: Tue May 13, 2014, 05:11 PM
Number of posts: 12,836

Journal Archives

Fair enough but I give it 50-50. eom

US Economy Like The Titanic, Moving Towards Iceberg At Full Steam Ahead - Economist

Published time: 15 Oct, 2018 14:30

The US economy is on the rise, but its expansion is coming to an end, warns Scott Minerd, Global Chief Investment Officer at investment firm Guggenheim Partners.

“Just as an iceberg loomed in the distant darkness to be struck by the Titanic under full steam, so the US economy approaches the distant fiscal drag of 2020 under the full steam of rate hikes to contain inflation and an overheating labor market,” he wrote on Twitter.

In an interview with CNBC, Minerd elaborated on his post. “Ultimately this expansion will end and it is going to end because monetary policy is going to get too tight at the same time fiscal policy is going to turn into fiscal drag in 2020,” he said.

Read more
Stock bubble bigger than 2008 & coming crash far larger, warns Peter Schiff

“When we get there… our work is showing us that the stock market will probably pull back 40 percent from the highs and that we'll probably see credit spreads widen dramatically,” the economist added.


Neocon On Parade: Iran and Its Proxies Must Be Expelled From Syria

US Secretary of State: Iran and Its Proxies Must Be Expelled From Syria

OCTOBER 11, 2018 11:36 AM 0

Any resolution to the ongoing conflict in Syria must include the removal of Iran and its proxies from the war-torn nation, US Secretary of State Mike Pompeo said on Wednesday.

“The onus for expelling Iran from the country falls on the Syrian government, which bears responsibility for its presence there,” Pompeo said in an address at the Jewish Institute for National Security of America’s annual awards dinner at the Grand Hyatt Hotel in Washington, DC. “We’ve been clear: if Syria doesn’t ensure the total withdrawal of Iranian-backed troops, it will not seek — not receive one single dollar from the United States for reconstruction.”

Furthermore, Pompeo noted, the US would continue to back Israel’s “right to target Iranian-backed militias within Syria for as long as that threat remains.”

The Trump administration, Pompeo asserted, was “leading a historic international campaign to apply diplomatic and economic pressure against the Islamic Republic of Iran.”


A Staggering Number Of US Troops Are Fat And Tired, Report Says

By: J.D. Simkins   1 day ago

A 2018 RAND report on health promotion and disease prevention has painted a grim picture of the military’s physical fitness and sleep standards.

The study, featuring roughly 18,000 randomly selected participants across each of the service branches, showed that almost 66 percent of service members are considered to be either overweight or obese, based on the military’s use of body mass index as a measuring standard.

While the number of overweight service members is a cause for concern, it correlates with the obesity epidemic plaguing the United States, where, as of 2015, one in three young adults are considered too fat to enlist, creating a difficult environment for recruiters to find suitable candidates for military service.

Broken down by service, the 2018 report lists the Army as the branch accounting for the highest percentage of overweight troops, with 69.4 percent of soldiers falling under this category.

The Army was followed by the Coast Guard (67.8 percent), Navy (64.6 percent), Air Force (63.1 percent) and Marine Corps (60.9 percent).


As Isis Is Defeated, The Trump Administration Is Opening The Door To A New Round Of Middle East Wars

As Isis is defeated, the Trump administration is opening the door to a new round of Middle East wars by targeting Iran as the source of all evil

The exaggeration of ‘the Iranian threat’ by the Trump administration this week at the UN General Assembly in New York was very like what was being said by Bush and Blair about Iraq fifteen years ago

Patrick Cockburn
14 hours ago

These incidents matter because they may be the harbinger of the next round of confrontations, crises and wars engulfing the Middle East. The most recent phase of conflict in the region saw the rise and fall of Isis and failed campaigns to overthrow the governments of Syria and Iraq. But Isis, which three years ago ruled a de facto state with a population of five or six million, has been largely crushed and confined to desert hideouts. President Bashar al-Assad – whose fall was confidently predicted after the uprising in 2011 – is firmly in power, as is the Iraqi government that suffered calamitous defeats at the time of the Isis capture of Mosul in 2014.

But the round of conflicts just ending may soon be replaced by another with different players and different issues. The guerrilla action in Afrin is a single episode in the escalating confrontation between Turkey and the Kurds in northern Syria which will involve the US and Russia. The Middle East is always dangerous because, like the Balkans before 1914, it is full of complex but ferocious conflicts that draw in the great powers. The risk is always there but is more dangerous under President Trump because he and his administration view the Middle East through a paranoid prism in which they everywhere see the hidden hand of Iran. President George W Bush and Tony Blair had similar tunnel vision during the invasion of Iraq in 2003 when they blamed everything that went wrong on a remnant of Saddam Hussein supporters.

The exaggeration of “the Iranian threat” by the Trump administration this week at the UN General Assembly in New York was very like what was being said about Iraq fifteen years earlier. The National Security Advisor John Bolton threatened that “the murderous regime and its supporters will face significant consequences if they do not change their behaviour. We are watching, and we will come after you.” The US military intervention in Syria, previously targeting Isis, will in future be directed against Iranian influence.

US policy in Syria and Iraq has been likened to playing chess while mistaking the knight for the bishop and thinking that castles move diagonally. The US has decided to retain a military force in northeast Syria in order to thwart Iranian ambitions, but the country most affected by this is not Iran but Turkey. The US can only stay in this part of Syria in alliance with the Syrian Kurds, whose de facto state, which they call Rojava, Turkey is pledged to eliminate.


American Shame: US Has Nothing To Teach The World About Justice Or Politics After Kavanaugh Farce

Published time: 28 Sep, 2018 23:36

Many outside the US watched Thursday’s hearing with open-mouthed revulsion at the bad faith, lack of due process and inhumanity on display. Dysfunction in the biggest Western democracy sets a poor example to the rest of the globe.

The present does not own the monopoly on ugly scenes in Congress; the McCarthy interviews are on tape, after all. Nor do either of the parties – from Kenneth Starr’s ultimately futile humiliation of Bill Clinton, to their intransigence during Obama’s two terms, Republicans largely set the tone for the partisanship that reigns today.

But make no mistake about it: in the age of a hysterical and agenda-driven news media, and a social media that amplifies its worst aspects, the Kavanaugh and Ford testimonies marked a new low. And it is the Democrats that have guided the process into a high-stakes wrestling match in a toxic swamp.

Disagreeing with Brett Kavanaugh’s nomination on ideological grounds, and questioning his record and temperament are fine, even if it is to whip up your base before the upcoming mid-terms. This what the confirmation hearings were for (minus the choreographed interruptions from the gallery).


Just did a revision to my "blacklist", indeed.

Then it is wondered why I have to delete so many of my comments...

Censorship is indeed alive and well on this forum. No worries, all part of the "game".


100% correct as he will not be on any ballot come 2020...

Maybe McCain will authorize the release of said tape upon the reading of his will.... LOL!!!

What a grand gesture that would be, indeed.
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