Aug 312014
 August 31, 2014  Posted by at 6:57 pm Finance 13 Responses »
These Clowns Are Dragging Us Into War

Jack Delano Workman at Chicago & North Western repair shops, Chicago, IL Dec 1942 In 8 weeks, on October 26, there are – supposed to be – parliamentary elections in Ukraine. What’s that going to look like? Who’s going to vote? In the presidential elections a few months ago, most of east Ukraine did not vote. How many different ways are there to define democracy and still remain credible? In an interview today on Russian Channel 1, Vladimir Putin commented

Aug 292014
 August 29, 2014  Posted by at 4:37 pm Finance Tagged with: , , ,  11 Responses »
Debt Rattle Aug 29 2014: This Is Why The Fed Will Raise Interest Rates

Esther Bubley Greyhound bus driver off duty, Columbus, Ohio Sep 1943 Given recent developments in Ukraine, and the accompanying PR, spin and accusations, the whole by now familiar shebang, I’m sure you would expect me to address the Kiyv vs Moscow vs the land of the brave issue today. Unfortunately, there are more important issues to talk about today. Suffice it for me to say that the west is losing, and can therefore be expected to grab onto ever more

Aug 282014
 August 28, 2014  Posted by at 4:41 pm Finance Tagged with: , , , , ,  9 Responses »
Debt Rattle Aug 28 2014: EU Gas Supply Is In Real And Imminent Danger

NPC Robey Motor Co., 1429 L Street, Washington, DC 1926 More accusations fly across the media, like so many flocks of Canada geese, of direct Russian involvement in Ukraine. Much is made of an interview with Donetsk National Republic leader Alexander Zakharchenko, in which he “admits” there are Russian volunteers fighting on his side. To the west, that’s all the proof they need. There are 1000 Russians in Ukraine, cries NATO. That doesn’t make them the Russian army though. If

Aug 272014
 August 27, 2014  Posted by at 8:03 pm Finance Tagged with: , ,  6 Responses »
Debt Rattle Aug 27 2014: The Right To Live Free And In Peace

Esther Bubley Greyhound garage, Pittsburgh, PA Sep 1943 Our Canadian friend Marina, who has Russian roots, sent me this video today. Marina has also translated several Automatic Earth articles into Russian (I’ll put up a link in a sidebar), see here. This is a taped August 24 international press conference with Alexander Zakharchenko, Chairman of The Council of Ministers of The Donetsk National Republic (DNR), and Vladimir Kononov, Defense Minister of DNR. Since we in the west don’t often get

Aug 262014
 August 26, 2014  Posted by at 9:32 pm Finance Tagged with: , ,  6 Responses »
Debt Rattle Aug 26 2014: Central Banks and Free Money

DPC Post and Montgomery, corner of Market, San Francisco post quake Apr 1906 Courtesy of Tyler Durden comes a 22,000+ word ‘essay’ from Mark Blyth and Eric Lonergan at the Council on Foreign Relations (yes, those fine folks) on how and why swaths of dough should be handed to the man in the street. But that’s not what the CFR stands for, so this calls for deconstruction, if not demolition. It might be a really good idea if money were

Aug 252014
 August 25, 2014  Posted by at 10:03 pm Finance Tagged with: , , , ,  5 Responses »
Debt Rattle Aug 25 2014: Is France About To Kill The Eurozone?

Dorothea Lange Saturday afternoon. 10 cent store, Siler City, North Carolina July 1939 Well, it’s not as if nothing ever happens. One government and one parliament down, all in one day. One planned, the other not so much. Ukraine president Poroshenko dissolved parliament so he can have sole control for the next two months. And smile with a smirk at Putin when they meet tomorrow. Wonder what ‘progress’ they’ll make. Judging from all the accusations thrown around just today, and

Aug 242014
 August 24, 2014  Posted by at 5:22 pm Finance Tagged with: , , , , , ,  10 Responses »
War and Peace and NATO

Marjory Collins On the trolley in Baltimore Apr 1943 As the first subglacial eruption has been registered in the Barbardunga volcano, and there are earthquakes in the region about every minute, a German magazine reports that Berlin (or, actually, even Bonn) has been spying on NATO partners like Turkey for decades. Which is funny, because I was just wondering – with a degree of suspicion – where and how Merkel gets her information. She’s in Kiev calling for a ceasefire

Aug 222014
 August 22, 2014  Posted by at 7:50 pm Finance Tagged with: , , , ,  9 Responses »
Debt Rattle Aug 22 2014: Janet Yellen is an Insult to Americans

Dorothea Lange Siler City, North Carolina Jul 1939 If you’re a girl and you’re old and you’re grey and you’re the size of a hobbit, who’s going to get angry at you? If your predecessor had all the qualities anyone could look for in a garden gnome, and his predecessor was known mainly as a forward drooling incoherent oracle, how bad could it get? Think maybe they select Fed heads on purpose for how well they would fit into the

Aug 212014
 August 21, 2014  Posted by at 7:12 pm Energy, Finance Tagged with: , , , , ,  7 Responses »
Debt Rattle Aug 21 2014: Oil, Solar, Dollars And Fairy Tales

Dorothea Lange Country filling station owned by tobacco farmer, Granville County, NC Jul 1939 I woke up today to a request to comment on an article I hadn’t even read yet at the time. Now, I don’t do requests, but when I saw that it was an article by my favorite nemesis Ambrose Evans-Pritchard, and I read it, I thought alright, let’s have a go. Just this once. Ambrose sings the praise of solar and natural gas in this one,

Aug 202014
 August 20, 2014  Posted by at 9:42 pm Finance Tagged with: , , , , , ,  4 Responses »
Debt Rattle Aug 20 2014: Obama Fails As Schoolyard Bully

Dorothea Lange Salvation Army, Minna Street, San Francisco, California. Apr 1939 When I think about what an American president should do, and should be, the first thing that pops into my mind is (s)he should be a peacemaker. It would seem to be the no. 1 requirement for someone who’s the leader of the most powerful nation on the planet, and therefore the leader of the free world. If that person is not a peacemaker, if (s)he is not focused