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This Election Is The Biggest Threat To The US Aristocracy (Biggest Opportunity For Voters) Since At Least 1932

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By Tyler Durden

Authored by Eric Zuesse,

The historical significance of the 2016 U.S. Presidential contest isn’t yet generally recognized. Consider the evidence regarding this historical significance, in the links that will be provided here, and from which the argument here is constructed:

For the first time ever, a Republican campaign ad against Hillary Clinton is entirely truthful about her and focuses on the most important issue facing voters:

For the first time since 1932, an American Presidential campaign presents an opportunity for the public to overthrow the aristocracy.

And, for the first time in U.S. history, a realistic possibility exists that the voters’ choice between the two Parties’ Presidential nominees might turn out to be between two enemies of the aristocracy: Bernie Sanders versus Donald Trump.

However, if it turns out instead to be between Trump v. Clinton, then what will be the aristocratic backing of each?

On Clinton’s side will be Wall Street — and this includes the ‘shadow banks’ (the non-“bank” sellers of what Bill Clinton and the Republicans caused to become unregulated credit derivatives), from which Hillary Clinton is also receiving donations, and from which the Clinton Foundation is supported and overseen — along with other Clinton funders).

Clearly, this is the first Presidential contest since 1932 in which the interests of the aristocracy versus the interests of the public will be presented to the voters, for them to decide which of the two sides they’re actually on.

And, if the election turns out to be between Trump versus Sanders, then this will be the first U.S. Presidential election ever in which both of the major-Party nominees will have committed themselves to policies (Trump clearly on foreign affairs, Sanders clearly on domestic affairs) that the aristocracy vigorously oppose, and that presents a severe threat to the aristocrats' continued rule of the country.

* * *

Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

…read more

Source: This Election Is The Biggest Threat To The US Aristocracy (Biggest Opportunity For Voters) Since At Least 1932

    

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Visualizing The Militarization Of The Middle East

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By Tyler Durden

The global arms trade is huge.

While it’s hard to pin down an exact value of arms transfers, VisualCapitalist's Jeff Desjardins notes the Stockholm International Peace Research Institute estimates that the number was at least $76 billion in 2013, with the caveat that it is likely higher.

The volume of transfers have been trending upwards now for roughly 15 years.

Volume of Arms Transfers

Courtesy of: SIPRI

But where are these arms going?

The answer, as VisualCapitalist's Jeff Desjardins explains, is that they are increasingly going to militarize the Middle East, which has increased imports of arms by 61% in 2011-2015, compared to the previous five year period.

The Syrian Civil War now entering its sixth year, and it’s clear that conflict is stopping no time soon in the Middle East. As a result of this and the various proxy wars, complicated relationships, and a continuing threat from ISIS, neighboring countries in the region have loaded up on arms.

That’s why Saudi Arabia, Qatar, and the UAE have increased imports of arms by 275%, 279%, and 35% respectively compared to the 2006-2010 time period. Saudi Arabia is now the second largest importer of arms in the world.

Rounding out the Top 20 largest arms importers are other countries in the general region, such as the UAE, Turkey, Pakistan, Algeria, Egypt, India, and Iraq:

Largest arms importers
Courtesy of: SIPRI

How are these arms flowing to these countries?

Here’s a diagram showing the top three suppliers to each of the biggest arm importers:

Arms Flow Chart

Original graphics by: MEE and AFP

…read more

Source: Visualizing The Militarization Of The Middle East

    

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Daylight Saving Time: A Government Annoyance

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By Tyler Durden

Submitted by James Alexander Webb via The Mises Institute,

On March 13 Americans will, in their tolerant nature, acquiesce once again to a government initiated (and hardly popular) loss of one hour, and the setting of clocks out of sync with our planet’s celestial rhythm.

After an earlier (unpopular) 1918 trial of Daylight Saving Time and its later repeal in 1919, it was re-enacted nationwide under Nixon under the “Emergency Daylight Saving Time Energy Conservation Act of 1973.” It’s now a relic of inappropriate interventions of the early seventies that included wage-price controls and the 55 mph speed limit. It represents what we don’t need. Consider some of the reasons for repeal:

Nature: It unbalances what is naturally harmonious. High noon should be when the sun reaches its apex, or as near as this can be, given the use of time zones.

Sleep Cycles: The (circadian) sleep cycle need not be disrupted twice a year, even if accomplished by a show of hands. In truth, the legislative process should be called out for its shortsighted habit of running roughshod over established peaceable social order. Here it smacks of social engineering with a disregard for workers, not to speak of an insensitivity to children losing sleep in the adjustment.

As reported at telegram.com “The Fatal Accident Reporting System found a 17 percent increase in traffic fatalities on the Monday after the shift.” This article cited findings in a University of Colorado at Boulder study of an increase in fatal motor vehicle accidents the first six days after the clocks spring ahead. This study suggests that the time change may even increase the risk of stroke.

Freedom: If those in a workplace agree to change their hours of work they are free to do so. Such “emergency” legislation imposed by the Federal government, on the other hand — however minor they seem — mandate conformity at the expense of basic freedoms.

Efficiency: Moreover, with the advent of LED-lights, the old cost-of-lighting argument has faded, especially because the start of the day has already been advanced about one hour as mentioned above. In fact, with more air-conditioning, the bias is for increased use of electric power under the time-shift, as people come home earlier in the hot season and turn up their air-conditioning.

Inconvenience: One has the annoyance of twice a year resetting clocks. This may take only 10 minutes, but over a 60-year span it’s 20 hours.

We all know what it feels like to arrive at work on time to find that everyone else had dutifully changed their clocks, so that we turn out to be one hour late.

There are real-world effects on major industries as well. Train and transport schedules cannot be easily adjusted. Amtrak, for instance, idles trains (and passengers) for one hour to keep on schedule in the fall and then tries to make up an hour in …read more

Source: Daylight Saving Time: A Government Annoyance

    

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Nassim Taleb Sums Up America’s Election In 17 "Black Swan" Words

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By Tyler Durden

Sometimes, less is more, and in infamous “Black Swan” philosopher Nassim Taleb’s case, summing up the chaos that is enveloping America, and its forthcoming election was as simple as the following:

The *establishment* composed of journos, BS-Vending talking heads with well-formulated verbs, bureaucrato-cronies, lobbyists-in training, New Yorker-reading semi-intellectuals, image-conscious empty suits, Washington rent-seekers and other “well thinking” members of the vocal elites are not getting the point about what is happening and the sterility of their arguments.”

To which he appended the following 17 perfectly succinct words:

“People are not voting for Trump (or Sanders). People are just voting, finally, to destroy the establishment.”

…read more

Source: Nassim Taleb Sums Up America’s Election In 17 "Black Swan" Words

    

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The Status Quo Plan – Convince The American Public To Accept Serfdom

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Earlier today we came across a fantastic article published at Naked Capitalism by a writer known as Gaius Publius.

Yves Smith introduces the piece with the following poignant passage:

Let us not forget that the “things are going to get worse for you” story also conveniently diverts attention from the degree of rent extraction and looting that is taking place. US corporate profit share of GDP has been at record levels, depending on how you compute if, of 10% of 12% of GDP, when no less than Warren Buffett deemed a profit share of over 6% of GDP as unsustainably high as of the early 2000s. That higher profit share is the direct result of workers getting a far lower share of GDP growth than in any post-war expansion. So the increased hardships that ordinary people face is not inevitable, but is to a significant degree due to the ruling classes taking vastly more than their historical share out of greed and short-sightedness.

Now here are some excerpts from the Gaius Publicis piece:

If you think of the country as in decline, as most people do, and you think the cause is the predatory behavior of the big-money elites, as most people do, then you must know you have only two choices — acceptance and resistance.

Why do neo-liberal Democrats, like the Clinton campaign, not want you to have big ideas, like single-payer health care? Because having big ideas is resistance to the bipartisan consensus that runs the country, and they want to stave off that resistance.

But that’s a negative goal, and there’s more. They not only have to stave off your resistance. They have to manage your acceptance of their managed decline in the nation’s wealth and good fortune.

Again: The goal of the neo-liberal consensus is to manage the decline, and manage your acceptance of it.

Corey Robin says when Clinton tells the truth, believe her:

“Amid all the accusations that Hillary Clinton is not an honest or authentic politician, that she’s an endless shape-shifter who says whatever works to get her to the next primary, it’s important not to lose sight of the one truth she’s been telling, and will continue to tell, the voters: things will not get better. Ever. At first, I thought this was just an electoral ploy against Sanders: don’t listen to the guy promising the moon. No such thing as a free lunch and all that. But it goes deeper. The American ruling class has been trying to figure out for years, if not decades, how to manage decline, how to get Americans to get used to diminished expectations, how to adapt to the notion that life for the next generation will be worse than for the previous generation, and now, how to accept (as Alex Gourevitch reminded me tonight) low to zero growth rates as …read more

Source: The Status Quo Plan – Convince The American Public To Accept Serfdom

    

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Facebook gets 1 million user violation reports a day

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Facebook’s Monika Bickert talked about the company’s process for removing hate speech at SXSW’s Online Harassment Summit.

…read more

Source: Facebook gets 1 million user violation reports a day

    

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Facebook gets 1 million user violation reports a day

Find The Lowest Price HERE


Facebook’s Monika Bickert talked about the company’s process for removing hate speech at SXSW’s Online Harassment Summit.

…read more

Source: Facebook gets 1 million user violation reports a day

    

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War On Terror Turns Inward – NSA Surveillance Will Be Used Against American Citizens

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By Tyler Durden

…read more

Source: War On Terror Turns Inward – NSA Surveillance Will Be Used Against American Citizens

    

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Caption Contest: When Kerry Met Sally

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By Tyler Durden

US Secretary of State John Kerry met with Saudi Arabia’s King Salman today, describing the world’s foremost human rights abuser and alleged funder of ‘terrorism’ as “an enduring historic partner and ally.”

Productive meeting with His Majesty King Salman earlier today. #SaudiArabia is an enduring, historic partner & ally. pic.twitter.com/IXrJl3nQuO

— John Kerry (@JohnKerry) March 11, 2016

Is it just us, or does John Kerry look like he is about to break into tears?

…read more

Source: Caption Contest: When Kerry Met Sally

    

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Court Decision Could Accelerate Oil And Gas Bankruptcies

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By Tyler Durden

Submitted by Dave Forest via OilPrice.com,

Oil and gas data experts Evaluate Energy showed yesterday that U.S. E&Ps took a huge hit in 2015. With the value of total proved reserves in the sector declining by an astounding $515 billion dollars.

The chart below shows just how great the damage is, compared to reserves valuations the last few years.

Factors like that have caused an increasing number of high-profile E&Ps to file for bankruptcy in America. And a critical court decision this week could mean even more coming.

That ruling came Tuesday in the bankruptcy proceedings of Sabine Oil & Gas, detailed by Energy Law360. Where a New York judge ruled that bankruptcy allows Sabine to cancel contracts it holds with midstream firms on the company’s petroleum licenses in Texas.

Here’s why this is a sea change for oil and gas law.

Sabine held three separate contracts with pipeline firms in Texas, for the transport and sale of oil and gas that the company produced. These contracts came with clauses like “deliver or pay” features — where Sabine was obligated to send minimum volumes of production through the pipeline, or pay financial penalties to the pipeline operators.

Such contracts could have been a stumbling block in bankruptcy — requiring the company to deliver production or cash at a time when its operations have slowed or stopped. And so Sabine had challenged in bankruptcy court to have the agreements nixed.

And the judge in the case agreed. Ruling that the midstream contracts are not “running with the land” — in essence, saying that the contracts are not inextricably tied to the land assets that underlie Sabine.

The decision opens the door for Sabine to sever the contracts as it restructures in bankruptcy. A strategy that other E&Ps immediately jumped on — with bankrupt producer Magnum Hunter Resources yesterday striking a deal to cancel four midstream contracts as it restructures.

With the case giving producers a greater financial incentive to declare bankruptcy, we could see such filings increase. Obviously posing a risk for equity holders — and also for midstream companies, which could see a rising amount of contract business disappear in the bankruptcy courts.

Watch for more cases of canceled contracts emerging. And possible write-downs and loss of income at midstream firms as a result.

…read more

Source: Court Decision Could Accelerate Oil And Gas Bankruptcies

    

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