The US Government Will Spend $1.25 Million To Develop A Propaganda Cartoon For Pakistan
By Tyler Durden
As the US government cuts into people's social security payments in order to reduce costs, it is not lost on everyone that the US is simultaneously jacking up expenses for things such as massive warships that cost taxpayers $4.4 billion, and extending the war in Afghanistan which will cost another $10 billion.
However, it's not only the massive defense spending projects that the government does that bleeds US taxpayers dry, it's little one's as well. As the Washington Free Beacon reports, the State Department plans on spending $1.25 million in order to produce two 13-episode seasons of a superhero cartoon. Oh, and the cartoon will be “fully immersed in Pakistani culture” and will air on public television in Pakistan.
Why would the US government spend hard earned taxpayer dollars on a cartoon to be aired in Pakistan rational minds may wonder – why to engage in propaganda of course. The State Department's International Narcotics and Law Enforcement Affairs (INL) division issued a grant solicitation for two seasons of an animated series in order to “promote security and stability” in Pakistan. To make a long story short, with the intended target audience being ages 14-25, the US is engaging in propaganda in order to try and deter teenagers in Pakistan from joining terrorist organizations.
More from the Free Beacon
The show will attempt to present “positive messages” on the topics of gender equality, anti-corruption, and the “role of police in civil society.”
Other topics covered in the superhero cartoon include: “The promotion of non-violence in conflicts,” “women’s empowerment,” “the importance of living a healthy, drug-free lifestyle,” and “inter-faith peace and religious tolerance.”
The State Department said the mission of the International Narcotics and Law Enforcement Affairs is to “minimize the impact of international crime and illegal drugs on the United States, its citizens, and partner nations by providing effective foreign assistance and fostering global cooperation.”
The agency hopes the superhero cartoon will appeal to teenagers in Pakistan and persuade them to not join terrorist organizations.
The State Department went to to say that “If youth are exposed to a character that models socially positive behaviors and values, then they are more likely to adopt those values and behaviors, making it less likely that they accept or promote extreme ideological views. Therefore, special emphasis needs to be placed on informing, educating, and positively influencing Pakistani youth, as they will shape the future of the country.“
The State Department would make Joseph Goebbels very proud.
To the Free Beacon's point, the US government claims the “most effective response to terror and to hatred is compassion, it's unity, and it's love.“
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Compassion, unity, and love… and if that doesn't work then the US will just use its military to topple the government. Either that, or the US will just export enough arms to those who will do the dirty work on its behalf.
Was This The Deciding Factor For Brits To Vote "Leave"?
By Tyler Durden
While the blame for today’s historic moment in the collapse of crony capitalism could be laid at many feet – from Brussels totalitarianism to Cameron and Osborne’s scaremongering blowback – one look at the charts and it becomes pretty clear when exactly the inflection point occurred…
April 22nd, Obama wrote his “Stay or screw the special relationship” Op-Ed followed by his apology tour visit.
It appears The Brits don’t like being told what to do by other nations’ leaders…
And then there is this little know fact…
Good luck Hillary!
Source: Was This The Deciding Factor For Brits To Vote "Leave"?
Dow plunges over 600 points
Investors around the world went into crisis mode as British voters chose to leave the European Union in a stunning decision with far-reaching implications. …read more
Source: Dow plunges over 600 points
Brexit ‘major blow’ to film and TV industry, but not ‘GoT’
The UK’s exit from the EU could impact the country’s film and television industries, but not on “Game of Thrones.” …read more
Source: Brexit ‘major blow’ to film and TV industry, but not ‘GoT’
French Cops Claim They’re Too Tired To Keep Policing Massive Protests
By Tyler Durden
Submitted by Michaela Whitton via TheAntiMedia.org,
Months of mass demonstrations and violence linked to the Euro 2016 football tournament have left French police begging for mercy. A heated combination of protests against controversial changes to France’s employment laws and outbreaks of violence by Russian and British football fans has taken its toll, leading a union leader to beg for a reprieve for French law enforcement.
Protests opposing Francois Hollande’s proposals to relax France’s labour code began in March and have been called the largest and longest-lasting since the French Revolution. While the government argues the changes are crucial to lower unemployment, protesters claim they are bad for workers’ rights. Countrywide protests have included strikes and blockades of oil refineries and hundreds of fuel depots. Workers also downed tools at the state-owned rail company.
On June 14, some masked protesters hurled paving slabs, smashed shop windows, and burned cars on the city streets. Despite relatively little mainstream media coverage of the mass protests, a series of violent images emerged showing police responding brutally with tear gas, batons, and water cannons. Around 60 people were arrested, and 29 police officers and 11 protesters were injured. Shortly after, workers’ unions and student organisations called for more street protests and strikes, on June 23 and June 28, to reject the new labour laws currently being debated in the Senate.
Earlier this week, France’s main police union, Alliance, pleaded with workers to postpone Thursday’s planned day of demonstrations to give the police time to recover.
“We’re asking for this demonstration to be postponed, along with any other static protests as our colleagues on all fronts are exhausted, worn out and tired,” Frederic Lagache, Alliance deputy secretary general said.
Describing the protests as repetitive and very violent, he said the police are too exhausted to cope with them — especially on top of dealing with terrorism and violence linked to the hosting of Euro 2016.
Despite the pleas for respite, the government gave the green light to the demonstrations — but only if they were confined to a small area of the city. At least 85 people were arrested in the capital as thousands took part in the largely peaceful protests. Union officials said 60,000 people attended the march, but police said the number was closer to 20,000.
Source: French Cops Claim They’re Too Tired To Keep Policing Massive Protests
A Veteran Trader Explains "The Essence Of Mayhem-Day Survival"
By Tyler Durden
“On days like today,” Bloomberg’s Richard Breslow explains “there’s a penalty for overthinking. And a premium for being able to pull the trigger.” That’s the essence of mayhem day survival…
It’s done. Britons voted to leave the EU. But this isn’t the time to be sitting around with mouth agape, shaking your head. Market technicians talk about “key day reversals.” They’re important signals that are ignored with peril. Warning of a powerful rejection of a trend at its most extreme. If you look at the charts this morning you’ll find them all over the place. Daily, weekly and monthly charts confirming each other.
In this case, it’s an even more imperative call to action because it had a major fundamental cause. A key day reversal for U.K. governance with global economic implications.
Traders can’t sit with positions that are obviously wrong way round hoping for a bounce. Hit the bid, get square, sell some extra if you think it’s going to keep going. There’s no clear thinking while you watch your trading life pass by your eyes.
Better if it bounces and you didn’t get the best level than keep passing on lower and lower prices: which is soul-destroying.
Volatility is scary because central banks have tried to distort it out of existence. But the truth is, this is going to be a traders’ market. You don’t have to do size, just be active. How rare it’s been to have multiple opportunity days.
And I hear most banks are accepting stop/loss orders again.
If you believe that huge moves are coming, try to get in. At least have a plan. You can’t say, “this is going to go 15% but I’m not taking a position.”
Everything in trading isn’t buy the dip. Sometimes you have to think out of the box and get short.
And please, no matter how upset you may be with the result, there’s nothing immoral about taking advantage of the opportunities.
* * *
No matter what, there will be blood on the streets today.
Source: A Veteran Trader Explains "The Essence Of Mayhem-Day Survival"
Brexit GBP collapse a great FX example
Brexit doesn’t happen so often – but it does happen. Many will remember the days when Maltese Lira, Cyprus Pound, and others joined the fledging Euro. During that time it was possible to have a 400% return in your account in 1 day due to planned exchange rates on the conversion day. Now probably a flood of copy cat referendums will sweep the EU, certainly by those already in the works in breakaway regions. As we’ve been saying for years, the Euro finally will be shattered into regional Euros, and mixed with a return to national currencies such as the French Franc, Spanish Peseta, Italian Lira, and so on. Probably, the Euro will always exist as accounting currency, and probably will always be accepted by merchants for payment in Europe. In many countries such as Russia for example, a 3 currency system already exists. Countries that don’t have strong domestic currencies often use foreign currencies as a benchmark, or a place to keep their savings in times of currency crisis. In most cases, this is primarily the US Dollar and secondly the Euro. Finally – to please all these conspiracy nuts; they are right – there is a plan to create a one world currency – but it’s not SDRs and it’s not the Amero, it’s the US Dollar. Last night, as results came in indicating a “Brexit” – the GBP collapsed. Forex involves a pair trading system – it’s not possible to just ‘sell’ the Great British Pound (GBP) – it must be ‘bought’ against another currency. That means, while the GBP was collapsing – other currencies were rising. So this event was net positive for most other currencies, most notably the US Dollar. See the below hourly chart of GBP/USD:
What this means is the GBP (Great British Pound) went down and the US Dollar (USD) went up. The USD is a net benefactor of many foreign market volatilities – not only in FX. Probably you’ve heard about ‘flight to safety’ – well since the CIA killed off the safety of this little canton north of Italy we call today “Switzerland” – the US is effectively the only ‘safe haven’ left. By eliminating offshore locations on a number of levels, it sucks money back into the USD which is a natural support of the USD – both domestically and USD accounts held overseas. The US has effectively an unsaid policy supporting the USD through foreign policy, including but not limited to military intervention, gunboat diplomacy, and a number of other techniques.
Hats off to all GBP FX providers that maintained superb trading conditions in a difficult volatile environment. Brexit trade was an excellent ‘stress test’ of what happens to when such existential events take place. FX markets functioned, and functioned well.
Day traders had many opportunities to profit, from an obvious one way trade down. Also this is …read more
Source: Brexit GBP collapse a great FX example
A New Balance Of Power In The Gold Market
By Tyler Durden
With precious metals soaring on safe haven buying…
We thought John Rubino's thoughts (via DollarCollapse.com) were particularly prescient…
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt:
Commercial Traders Have Just Gone Over the Top
(24hGold) – With Friday’s Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins have just gone “over the top” and added another 5.4M “ounces” to their synthetic gold short position. At 298,077 contracts declared short, they are now carrying the largest short position in Crimex history. The scary part is that these figures don’t include the big rise in open interest yesterday and you just KNOW that it ballooned out due to more Cartel shorting.
While these numbers are synonymous with prior tops like in 2008 and 2011, the difference today lies in two realities: 1) The Shanghai Gold Exchange is keeping the Crimex and LBMA (London Bullion Market Association) thieves at bay through some voracious arbitrage, and 2) Raw demand from the Far East and from Western investment pools are keeping inventories tight. If this was back in 2011-2015, the market would be limit down on Monday as the criminals have their way with us. However, this is a NEW bull market and dips are to be bought while holding onto your core position for dear life as I have been trying to do with my GDXJ (Market Vectors Junior Gold Miners ETF) position. I can’t tell you how many times I have had to lock myself in the wine cellar during trading hours because the temptation to “SELL!” was so overwhelming.
The bullion banksters and their well-armed trading desks have now arrived into somewhat of a “pickle” in that the movie reel that they thought would play out with the bad guys winning and gold following through to the downside on what should have been another Freaky Friday where gold and silver get clobbered. Since it DIDN’T, they now have to await selling from the Asian markets in order to give them the slightest chance of a downside flush this coming week.
What IS a certainty is that the PMs are trading in a totally bizarre fashion, and anyone who fails to pay attention to Commercials are indeed paying no attention to “that man behind the curtain” who most certainly is pulling levers and spinning dials frantically in order to secure the desired effect while being short nearly 30 Moz of phony, synthetic gold that closed within a whisker of a new closing high for the move. There must be carloads of Pepto and adult diapers being handed out to the Cretins as the wait in agony for the Sunday night opening.
Let’s expand on that “voracious arbitrage” idea: The Shanghai exchange is a physical market, where buyers go to get actual gold and silver. So prices there are set by sellers with metal to move and …read more
Source: A New Balance Of Power In The Gold Market
Here Comes Yellen: Fed Is "Monitoring" Financial Markets, Ready To Provide Liquidity With Swap Lines
By Tyler Durden
Earlier today we said that it was inevitable that the Fed would join the world’s other central bankers in providing backstops to global markets, the only question is whether it would take place before or after the open. We now have the answer. Before.
The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy.
Because free, impartial, efficient, and unmanipulated markets. Also we can finally stop holding our breath on those two Fed rate hikes which the FOMC anticipates in 2016.
Source: Here Comes Yellen: Fed Is "Monitoring" Financial Markets, Ready To Provide Liquidity With Swap Lines
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