3 Jul 2013

If China Doesn't Change, 'We Will Likely See A Full-Scale Recession' Sometime Next Year - KYLE BASS

Linette Lopez: In a June letter to investors, Hayman Capital's Kyle Bass turned his attention to a new target in Asia, according to Absolute Return.

China, he says could see a "full-scale recession" as early as next year if they do not curb the current pace of the credit expansion.
According to reports from the Wall Street Journal, Chinese officials have been equally worried about reckless lending, and intervened last month in the form of rising rates (which in turn resulted in the recent spate of Chinese bank liquidity crunches).
Bass seems to fear however, that this intervention is not enough. He also said that the People's Bank of China would not be able to ensure the country's growth with easy money because of the "inescapable law of diminishing marginal returns."

Six Reasons Why Men Are Avoiding Marriage

Helen Smith: American society has become anti-male. Men are sensing the backlash and are consciously and unconsciously going "on strike." They are dropping out of college, leaving the workforce and avoiding marriage and fatherhood at alarming rates. The trend is so pronounced that a number of books have been written about this "man-child" phenomenon, concluding that men have taken a vacation from responsibility simply because they can. But why should men participate in a system that seems to be increasingly stacked against them?

THE PAEDOFILE: Face brought to book as Sunday Mirror shocks its readers

Some justice at last as IoS article reveals reality and female abusers enter the frame
The Slog: Unwilling to bow to the Rule of Law (probably because legislators are unwilling to pass a law) Facebook has begun a clampdown on child abuse images….prompted by the tabloid Sunday Mirror’s investigation. This does tend to show you what really motivates internet suppliers and ISPs: they don’t GAF about politicians and police, but they do fear the public – because without us, they are nothing. This is a lesson the entire blogosphere needs to learn.
Mark Zuckerberg’s 1984 Trojan Horse will now start to trawl thousands of pages and groups to clean up its site. Shadow Culture Minister Helen Goodman praised the Sunday Mirror revelations, but said that ­Facebook “still has to do more”. Camerlot said nothing. And Google has done nothing. Funny, that. Also Ms Goodman said nothing about Labour’s endemic local government perversion problem. Like they say, the only thing necessary for the triumph of evil is for a Goodman to do nothing.

Alienation of males from the reproductive process, the overuse of Ritalin on boys, the disappearance of males on University campuses

"Males are alienated 
from the means of reproduction!"
StudioBrule: "Work has become the moral redemption, not life, not reproduction ... production. This is the triumph of Marxism." - Dr. Lionel Tiger.

Jains 0.2% Of Indian Population And 25% of GDP - Dilip Shah

Jains contribution to the Indian Economy :
1) contribute 24% of Total INCOME TAX
2) 62% of TOTAL CHARITY FUND

Protect Press TV and freedom of speech

PressTV: The recent escalating US-led campaign against free speech by targeting Iranian media is not only in violation of all international standards of law, but is also doomed to failure because it is based on the erroneous concept that the truth can be suppressed.

Threatened by Lord Ashcroft told me to shut my mouth + PMQs Pigs at the trough; I have a brainwave to challenge you + Bring Talha Home interview #21 Hamja Ahsan - BBC Sucks O Cocks News

The artist taxi driver

Sir Jeremy Heywood calls for further austerity…when his Cabinet office costs £2.5bn a year - and screws up 1 in 3 projects

Osborne’s cuts are a sham and a distraction: the citizen is being asked to pay for greedy bureaucrats and incompetent politicians
Count Heinrich Dickermann….the o is silent
The Slog: George Osborne is looking to achieve a further £11.5 billion in 2015. That is a meagre 1.5% of total government spending. The Opposition yesterday chose to “put Osborne on the spot” by linking the need for Food Banks to Welfare cuts of rather more than 1.5%. But as usual, the Ed Miller Band is missing an open goal here: the cuts are pointless, being under just 8% of Bank of England QE costs: and the latter are necessary because of Banking snafu, a failed economic model, poor budgetary control in the past, and an exceedingly fat, inefficient and over-pensioned Whitehall. The Slog analyses the facts…in the vain hope that Ed Miliband might use one or two of them at PMQs today

Washington Is Driving The World To The Final War

Paul Craig Roberts: “V For Vendetta,” a film that portrays evil in a futuristic England as a proxy for the evil that exists today in America, ends with the defeat of evil. But this is a movie in which the hero has super powers. If you have not seen this film, you should watch it. It might wake you up and give you courage. The excerpts below show that, at least among some filmmakers, the desire for liberty still exists.
Whether the desire for liberty exists in America remains to be seen. If Americans can overcome their gullibility, their lifelong brainwashing, their propensity to believe every lie that “their” government tells them, and if Americans can escape the Matrix in which they live, they can reestablish the morality, justice, peace, freedom, and liberty that “their” government has taken from them. It is not impossible for Americans to again stand with uplifted heads. They only have to recognize that “their” government is the enemy of truth, justice, human rights and life itself.
Can mere ordinary Americans triumph over the evil that is “their” government without the aid of a superhero? If ideas are strong enough and Americans can comprehend them, good can prevail over the evil that is concentrated in Washington. What stands between the American people and their comprehension of evil is their gullibility.
If good fails in its battle with Washington’s evil, our future is a boot stamping on the human face forever.

You Are In The Ponzi Scheme Whether You Realize It Or Not

By Monty Pelerin: The reasons for continuing to participate in stock markets are discussed in this video from Gordon T. Long and John Rubino. It all comes down to liquidity (and little else).

Study: P.I.G. U.S.A. Afghan drone strikes resulted in 10 times more civilian casualties than manned air strikes

By Madison Ruppert: A new study conducted by a U.S. military adviser examining a year of drone strikes in Afghanistan has determined that drone strikes resulted in 10 times more civilian casualties than strikes carried out by manned aircraft.

This is especially interesting given the radically understated claims about the number of civilians killed by drone strikes made in the past and claims made by Obama himself.
The study also contradicts the claims made by Obama in a May speech in which he said that “conventional airpower or missiles are far less precise than drones, and likely to cause more civilian casualties and local outrage.”
The unclassified executive summary of the study states that drone strikes in Afghanistan were “an order of magnitude more likely to result in civilian casualties per engagement.”
That quite clearly and directly contradicts the government’s claims.
The study used classified military data on air strikes in Afghanistan from mid-2010 to mid-2011 which includes the civilian casualties caused by the strikes. This period included the most air strikes during the entire war in Afghanistan.

Gold: Has the ‘Narrative’ Failed?

Barry Ritholtz on the 'Gold Narrative'

Author : Presumably alerted by the failure of gold to break to new lows and the non-confirmation delivered by the gold stocks last week, Barry Ritholtz now believes gold could be due for a bounce that might be playable for short term traders. However, Mr. Ritholtz is also convinced that once said bounce is over with, the recent cyclical bear market will resume.
The reality is of course that neither Mr. Ritholtz, nor anyone else actually knows the future. Therefore, he cannot know whether the bear market is or isn't over. However, judging from the remainder of his post, he actually seems to think that the secular bull market in gold is over. In our opinion there is no evidence for that, and we will explain below why we think that he and others in the  long term bear camp are wrong.
Further below is the evidence marshaled by Mr. Ritholtz (actually, apart from the technical analysis he provides, it isn't really evidence at all – it reads like an unsupported opinion). To be sure, he does provide a link to a previous article of his that purports to discuss gold's fundamentals. We comment on this article (and its errors) further below. Contrary to Mr. Ritholtz's repeated assertions that he is an 'agnostic on gold', his tone reveals that he is indeed biased. Mr. Ritholtz is to our knowledge essentially an establishment figure with democratic leanings. Let us just note that socialists/democrats don't like gold much and generally believe that central banking and fiat money are just fine.