Submitted by Tyler Durden: "If the politicians lead us into a
'prioritization of payments' situation for Treasury Secretary Lew or an
actual missed payment, there is nothing you can do to protect yourself
from that!" are the ominous words that Kyle Bass uses to
describe the farce that is rapidly approaching (and for now being
ignored by stocks). Bass went on to pull no punches in his
"disappointment" in JCPenney's performance (and dilution) coming as
close as he can to saying "sell." But his piece de resistance was a
dismal destruction of any silver lining for Puerto Rico and the significant implications that will have on Muni bonds in general.
On Default risk and "Un-hedgeable" implications:
The Artist Taxi Driver: THE WAR MACHINE
Six part film consisting of
inteviews with mps arms dealers refugees priests lords comedians
doctors unions workers teachers historians mercenries oil men bankers
economists activists and people affected by the war machine
Canadian Association for Equality: Caring About University Men: Why We Need Campus Men's Centres
This
year only about 35% of university students in developed countries will be
male.
Morris: Just Google Kambucha if you are not familiar with it - it has great life
sustaining qualities. And is spawned by feeding it. Presented by
Charlot. Source
By NCFM: There are facts about Ritual Male Baby Genital Mutilation aka circumcision — but you won’t be able to learn any of them from Mark Joseph Stern in his article for the National Post (“‘Intactivists’ Against Circumcision,
September 19). Instead you will find an astonishing compilation of
outright falsehoods about thousands of dedicated, unpaid volunteers from
many walks of life who are working to protect children from an
unnecessary and irreversible surgery that many of them grow up to
resent.
Far from dismissing science, individuals committed to protecting
children include leading scientists, pediatricians, public health
researchers, and medical ethicists in countries around the world.
Recently a team of 38 European scientists wrote in Pediatrics that
the only possible medical justification for circumcision is reducing
urinary tract infections (UTIs), which are not only rare for boys, but
can be effectively treated with antibiotics—just as they are for girls.
Even the American Academy of Pediatrics—which has been criticized by
these same experts for having a pro-circumcision bias—agrees that
medicine does not justify routine circumcision. The Royal Dutch Medical
Association found in 2010 that the foreskin is “a complex,
erotogenic structure that plays an important role” in sex, concluding
that “circumcision of male minors is a violation of children’s rights to
autonomy and physical integrity.”
Greg Hunter: Economist Dr. Paul Craig Roberts contends, "The situation is
unsustainable." It will blow up at some point, and Dr. Roberts
predicts, "It will be worse than the Great Depression because in the
Great Depression, prices fell along with employment. Now, prices will
be rising and employment would be falling. . . . Gold and silver prices
will explode in dollar terms." Join Greg Hunter as
he goes One-on-One with former Assistant Treasury Secretary Dr. Paul
Craig Roberts. Source
Stefan Molyneux: Discusses how long we have until the collapse of the
dollar and outlines the scenario he sees unfolding when economic reality
hits the United States.
By Michael Krieger: A report released yesterday by the non-profit organization Trust for America’s Health has
revealed some startling data on prescription drug abuse in these United
States. The results are pretty damning to the prescription drug
industry. Specifically, it found the majority of total drug related
deaths in the U.S. come from prescription drugs, and they now account
for more deaths than heroin and cocaine combined.
More from Trust for America’s Health:
According to the report, prescription drug abuse has quickly
become a top public health concern, as the number of drug overdose
deaths - a majority of which are from prescription drugs – doubled in 29 states since 1999. The rates quadrupled in four of these states and tripled in 10 more of these states.
Prescription
drug related deaths now outnumber those from heroin and cocaine
combined, and drug overdose deaths exceed motor vehicle-related deaths
in 29 states and Washington, D.C. Misuse and abuse of
prescription drugs costs the country an estimated $53.4 billion a year
in lost productivity, medical costs and criminal justice costs, and
currently only one in 10 Americans with a substance abuse disorder
receives treatment.
By Ben Chu: China, the biggest foreign creditor of the United States, has waded
into the American budget crisis, warning Congress that it must resolve
the political impasse over the debt ceiling without further delay.
The Chinese Vice Foreign Minister, Zhu Guangyao, told
America’s deadlocked politicians on Monday that “the clock is ticking”
and called on them to approve an extension of the national borrowing
limit before the federal government is projected to run out of cash on
17 October.
“We ask that the United States earnestly
takes steps to resolve in a timely way the political issues around the
debt ceiling and prevent a US debt default to ensure the safety of
Chinese investments in the United States,” Mr Zhu told reporters in
Beijing. “This is the United States’ responsibility,” he added.
The
American government entered its seventh day of shutdown on Monday,
following the failure of Congress to approve the national budget a week
ago.
