CAF Note: This is a listing of stories that support my discussion with Dr. Joseph Farrell for News Trends & Stories Part I.
Part I includes our stories for our first two categories: economy & financial markets and geopolitics.
ECONOMY & FINANCIAL MARKETS
The economy and financial markets both reflect a period of rapid change. Here are our picks for the top stories in the economy and financial markets in the 3rd Quarter 2018.
Story #1: AI Superpowers: China vs. USA vs. the Rest of the Planet in AI and Tech
Deep learning AI is here, and it is rocking our world. Geopolitically and culturally, the AI race is between China and the United States—with Japan and India positioning themselves to also become players. What happens when AI takes over to such an extent that entrepreneurs can’t even understand their own operations? Are there are any safeguards to ensure integrity of the data going into AI systems, or are we looking at “garbage in, garbage out”? Is the influence of AI the reason that policy-making is looking ever more insane and inhuman?
- China is the greatest, growing threat to America
- Video: JRE #1169 – Elon Musk interviewed by Joe Rogan
- China is building a fleet of autonomous AI-powered submarines. Here are the details
- Will you worship the AI god?
- “The beginning of a wave”: A.I. tiptoes into the workplace
- Former Google CEO predicts the Internet will split in two by 2028 — and one part will be led by China
- How artificial intelligence will reshape the global order
- IRS wants cloud-based AI to sniff out insider threats
Story #2: Growth of U.S. Dollar Alternatives
The era of U.S. dominance over digital payment and clearing systems (and the satellites that those systems run on) is likely coming to an end. The Iran sanctions offered a “crisis of opportunity,” allowing Western Europe to come out into the open about its desire for an independent financial clearing system. While the U.S. continues to rely on its traditional military power playbook, Europe, Russia, China, and Japan made it clear that they are moving forward to bypass the U.S. and build more versatile financial ecosystems of their own.
- EU set to challenge private payment systems
- Europe is working on alternative to SWIFT for “financial independence” from the US
- Germany calls for global payment system independent of the US
- Sanctions, sanctions, sanctions – the final demise of the dollar hegemony?
- In troubling sign for the US, reserve managers plow into Chinese yuan, dump dollars
- How China’s mobile ecosystems are making banks obsolete
Story #3: Rising Interest Rates and U.S. Debt Acceleration
The steady decline in interest rates that began around 1980 is ended, with the new trend of rising interest rates. This not only means an acceleration of U.S. debt (even though the Federal government is collecting record individual income tax revenues!), but also inflation. With the real estimated cost of inflation running at around 10% a year, expect to feel the impact on every area of your life and business dealings, including food and energy—while the leadership imports skilled intellectual capital from Asia to help keep a lid on labor prices.
- As debt rises, the government will soon spend more on interest than on the military
- The astronomical price of America’s undeclared wars
- China cuts U.S. Treasury holdings as trade war intensifies
- Who bought the $1.47 trillion of new US national debt over the past 12 months?
- U.S. government financial balance sheet one step closer to blowing up
- Senate passes massive spending bill for defense and domestic programs
- 115th Congress, 2nd Session, No. 1, June 7, 2018: Spending caps and the new fiscal cliff
- Feds collect record individual income taxes through August; still run $898B deficit
- U.S. government debt yields fall the most in 5 weeks after inflation report
- Cost of living increasing at fastest rate in 10 years
- Majority of young Americans live in a household receiving Welfare
- Consumer inflation – Official vs ShadowStats (1980-based) alternate
Story #4: Emerging Markets U.S. Dollar Bear Trap
The U.S. dollar bear trap became more apparent, with U.S. repatriation of dollars and the falling value of commodities leaving emerging markets up to their eyeballs in dollar debt. This triple whammy promises to create pain around the world. What would it be like to live through a 99% drop in currency value (Venezuela) or 30% inflation (Argentina)? The bear trap will likely be successful in the short term, but in the long term, expect blowback. Affected countries are going to start turning to other players in Europe and Asia—creating even more incentive for those regions to build independent financial ecosystems. While the U.S. puts up toll booths, everyone else is out there building side roads around them.
- Washington’s silent weapon for not-so-quiet wars. “A world full of dollars,” a 2019 global economic crisis
- IMF highlights looming global risks
- Let the emerging market bailouts begin: “We don’t have much choice”
- Bonds bid, stocks skid as emerging market massacre returns
- Emerging market crisis spreads to the core, central banks face Catch-22
- Turkey’s meltdown ripples across emerging markets: inside EM
- Contagion hits Latin America: Argentine peso, Brazilian real plummet
- Washington’s silent weapon for not-so-quiet wars. “A world full of dollars,” a 2019 global economic crisis
- Egypt “resilient” to emerging market turbulence – minister
- Indonesia stocks sink most in nearly two years as emerging markets slump
Story #5: U.S.: Calling Capital Home
Capital and operations continued to come home—call it reverse globalization. With tax reform and government-engineered corporate monopolies (enforced with space dominance), the U.S. looks like it is building a paradise for oligarchs. This does not bode well for the country’s small businesses and farmers.
- London loses top spot to New York in financial survey due to Brexit
- As the wealthy flock to the major cities on both coasts, poverty and suicide soar in rural areas
- Mapping the most profitable industry in each U.S. state
- Thanks to Texas, US set to become world’s largest oil producer by fall
- U.S. will not tap oil reserve as Iran sanctions loom-Perry
- President signs bill expanding review of foreign investment
- How the Trump tax law passed: The final stretch
- Doubts shadow GOP push for tax cuts 2.0
Meanwhile, despite trade wars and higher interest rates, “the most hated bull market in history” continued, helped by an estimated $1 trillion in stock buybacks.
- Gundlach: U.S. economy and stocks could be “burnt out”
- BIS warns of “perfect storm” for global economy
- Central banks have gone rogue, putting us all at risk
- 3,453 days later, the US bull market becomes the longest on record
- S&P 500, Nasdaq jump to record highs as US and Mexico strike trade deal
- World stocks have underperformed the US by the most since the financial crisis
- For the first time in 10 years, companies have spent more on buybacks than CapEx
- The US is doing everything to make the Russian elite return money to their motherland, by Ruslan Ostashko
In the 3rd Quarter, there was a serious battle about who controls the media and the spin at home, underscoring the importance of free speech.
- No credibility to Trump’s China-hacking tweets: China Daily editorial
- Must watch interview – Iraq war whistleblower banned from Twitter tells his story
- Twitter permanently bans Alex Jones, website Infowars
- Wikileaks on Twitter: AI culture wars: Israeli government…monitors “all posts” for “anti-semitism”
Story #6: FASB Announcement Shifts the U.S. Budget into Never Never Land
Out-of-control secrecy won a darkly comic victory in the 3rd Quarter with the Federal Accounting Standards Board’s de facto admission that it is not going to comply with financial management laws or the U.S. Constitution. U.S. government accounts are now completely meaningless—a small group of unnamed people can turn an unknown amount of money secret and keep it that way. Think creatively about how you are going to take care of yourself because this off-balance-sheet system with no accountability or integrity is not going to be there for you. Along with the Director of National Intelligence powers to waive SEC disclosure rules for corporations for reasons of national security, there is real concern that both Treasury and stock markets are going dark.
- Financial accounts may be “modified” to shield classified programs
- Classified activities: Statement of Federal Financial Accounting Standards 56 (Federal Accounting Standards Advisory Board, Sponsor Review version)
- 10 extremes mean risk in financial “never never land”
- Catherine Austin Fitts – We’ve reached “never never land” accounting
- Dr. Mark Skidmore: The hidden $21 trillion the government “lost” (podcast)
Story #7: Deterioration of the Bretton Woods System; Rise of the Land Empire
Europe and Russia gave signals that Bretton Woods and NATO are unraveling, with Macron’s extraordinary statement that Europe can no longer rely on the U.S. for military defense offering one example. At the same time, with the build-out of independent financial systems and the opening up of new railroad lines and sea lanes, Europe, Russia, and Asia continue to forge economic relationships for more stable and meaningful exchanges.
- Europe can no longer rely on US for security, says Emmanuel Macron
- Russian Deputy FM: US base in Poland will dismantle NATO-Russia founding act
- Deutsche Bank shares dip after report that China’s HNA plans to sell its stake
- Greece exits bailout, but “public debt tragedy” persists
- Italy gives ECB an ultimatum: “Guarantee” bond spreads or “euro will be dismantled”
- China’s empire of money is reshaping global trade
- Melting Arctic ice opens new route from Europe to east Asia
- Back in the (great) game: The revenge of Eurasian land powers
Story #8: Global Thermal and Weather Warfare
The thermal warfare that we are seeing in areas like California, Greece, and British Columbia and the escalation of weather warfare and disaster capitalism are telling us something important: Understand the world you live in, be prepared for disasters, and appreciate that very powerful people are in a hurry—there is no time for polite conversations about property rights or the Constitution.
- Why is planet Earth on fire?
- A world on fire
- Clifford Carnicom presents at 3rd Annual Stop Geoengineering Summit 2018
- Wildfires have charred more than 1 million acres in California this year – and fire season is far from over
- Death toll from summer forest fire near Athens rises to 99
- Research determines reasons for massive fires in south-central Chile
- British Columbia declares state of emergency as over 500 wildfires burn
- Canadian firefighters battle fire tornado for control of their hose
Story #9: The War for the Internet
The concept of net neutrality is clearly on the ropes. Some states are pushing back, but their reach is limited. We even saw a Supreme Court nominee describe net neutrality as a violation of the Constitution! With the help of AI, this makes the Internet an even more powerful mechanism for manipulation and dirty tricks—including as a tool for creating shadow work and hassles at a very granular level for those who are not helping the Deep State. If you think the shadow work is bad now, just wait until after the 2020 elections.
- California’s net neutrality law sparks Justice Department lawsuit
- Supreme Court nominee Brett Kavanaugh would be a disaster for net neutrality
- California Assembly passes historic net neutrality bill SB 822 with overwhelming bipartisan support
- Firefighters and first responders call on Congress to restore net neutrality following Verizon throttling
- How your constitutional right to privacy just became a “privilege” in the eyes of courts
- 2017: CIA unveils new rules for collecting information on Americans
- Guest post: The two worlds of data infrastructure
- House passes bill to codify key DHS cybersecurity program
- Dulles airport surprises passengers with facial-recognition boarding
- DOD says bids for $10B JEDI deal must be hand-delivered
Story #10: Anglo-American Powershifts
With the financial coup d’état over, we have an invisible management at the top that is more powerful than ever. We’re witnessing a turnover in leadership, with the Trump Administration representing one faction (along with the resurgent neocons), but the situation is volatile. Don’t get lured into the notion that purges will help—purges are likely to just be a tactic to drain the swamp of obsolete leadership. The Kavanaugh hearings reminded us of the importance of believing in the law, as we watched governance by smear, along with the violation of due process. Remember that there is power in the law; we should not let go of that.
- U.S. President Trump facing a “coup”: Bannon
- The Fed will not give up “dark money”
- White-collar criminals got off scot-free after the 2008 financial crisis — and that helped fuel President Trump’s rise
- Top student loan ripoff investigator quits CFPB; says bureau suppressed report about unfair account fees
- Are U.S. companies too big and powerful? The Fed wants to know
- The financial crisis cost every American $70,000, Fed study says
- CEO compensation surged in 2017
- A brazen corporate miscreant
- The neoconservative comeback
- Republican party favorability highest in seven years
- Peter Schweizer: Security clearance “affects” Brennan’s and Clapper’s “bottom line in a big way”
As Theresa May continued to work out a Brexit deal, one has to wonder: Is Brexit a post-financial coup d’état “cut-and-run”? There were trillions in the Commonwealth’s offshore havens right around the time that the Queen subtly floated the idea of leaving the EU.
- Brexit: Chequers plan still credible, says minister
- Brexit: EU leaders “almost unanimous” in support for second UK referendum – latest news
- Germany and U.K. drop key Brexit ask, easing path to deal
In the middle of the Silk Road, Iran continues to be a hot spot.
- Trump rejects globalism in UN speech, slams Iran, emphasizes “American first”
- Trump’s Iran threats dial up drama for UN gathering of leaders
- US chose “neocolonial course” in Syria to gain control over its resources – Russian envoy to UN
Rollovers in leadership are happening elsewhere, too, with Malcolm Turnbull out in Australia.
The collapse of a privatized bridge in Italy raised questions about the wisdom of letting private corporations take care of infrastructure.
- Italy’s Atlantia plunges most on record after Genoa bridge disaster
- Downsizing the Federal Government: Your Guide to Cutting Federal Spending: Privatization – 2016
- Mattis rebuffs idea of privatizing forces in Afghanistan
- Afghan “viceroy”? Trump mulling Blackwater founder Erik Prince’s plan to privatize longest war