There is a brilliant video that was floating around the web several years ago in which someone simply spliced together news coverage of the 2001 anthrax scare into a surreal two minute montage of newscaster after newscaster solemnly intoning the words “anthrax,” “anthrax investigation,” “anthrax exposure,” “anthrax attacks,” “antibiotics” and other anthrax-related phrases. In just two minutes the viewer gets a vivid understanding of just how much of a role the media played in spreading the fear about the anthrax “attacks,” a series of anthrax-laced letters that were sent through the U.S. postal system in the wake of 9/11.
Ron Paul on Ebola Fears
The anthrax letters ended up killing just five people out of an American population (at the time) of nearly 285,000,000. As ludicrous as it was, in retrospect, for the average American to be scared about dying from anthrax in 2001, how much more ridiculous was it that the topic was discussed daily as I went to open the mail at the commercial real estate office I was working at at the time? In Canada. Where no letters were ever sent, no o...
This does not seem to be the end of the track for the Fed's gravy train just yet, though. The Monday sell-off was not based on any new data or earnings reports, just a general spookiness working its way through the markets...
...no executives will suffer so much as a sleepless night over the massive, systemic manipulation of the Libor rate and whatever system is brought in to take its place will be gamed in another way somewhere down the road.
As the long-term store of value that most gold investors understand their gold holdings to be, nothing has happened to change the bigger picture for gold.
Given the high stakes these agreements involve, why have we heard almost nothing about them? The obvious answer is that the rich and powerful interests that stand to benefit the most from these treaties are in bed with the interests that own the media outlets most people rely on for daily news.
Like Bob Chapman who passed away before him, Doctor Stan was part of a generation of pioneers who laid the groundwork for the modern alt media movement.
Of course, it's all hypocritical nonsense. America's closest allies in the Gulf, including the dictatorial House of Saud and the Qataris have been among the biggest suppliers of arms and funds for the Syrian jihadis.
This is spooking the market right now, which is worrying how this is going to eat into the bottom line of what could have been lucrative deals.
A near-zero rate is a tacit admission that the economy is so dismal that any extra burden on bank lending would squeeze up the credit markets entirely.
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The creator of the International Forecaster, Bob Chapman.