The WTI Crude Oil market broke down significantly on Monday as demand for crude oil will be lower from refineries affected by the Harvey storm.The post <b>Crude Oil</b> Price Forecast August 29, 2017, Technical Analysis appeared first on cr…
Just hours after North Korea fired a ballistic missile across Japan, South Korea has released footage of its testing of a new ballistic missile, in a show of “overwhelming force.”
While The White House has yet to respond to North Korea’s provocation, …
The post South Korea Releases Footage Of Ballistic Missile Test Capable Of “Mass Retaliation” appeared first on crude-oil.news.
“…we don’t need no stinkin’ facts…”
In the United States, facts, an important element of truth, are not important. They are not important in the media, politics, universities, historical explanations, or the courtroom. Non-factual explanations of the collapse of three World Trade Center buildings are served up as the official explanation. Facts have been politicized, emotionalized, weaponized and simply ignored. As David Irving has shown, Anglo-American histories of World War 2 are, for the most part, feel-good histories, as are “civil war” histories as Thomas DiLorenzo and others have demonstrated. Of course, they are feel good only for the victors. Their emotional purpose means that inconvenient facts are unpalatable and ignored.
Writing the truth is no way to succeed as an author. Only a small percentage of readers are interested in the truth. Most want their biases or brainwashing vindicated. They want to read what they already believe. It is comforting, reassuring. When their ignorance is confronted, they become angry. The way to be successful as a writer is to pick a group and give them what they want. There is always a market for romance novels and for histories that uphold a country’s myths. On the Internet successful sites are those that play to one ideology or another, to one emotion or the other, or to one interest group or another. The single rule for success is to confine truth to what the readership group you serve believes.
Keep this in mind when you receive shortly my September quarterly request for your support of this website. There are not many like it. This site does not represent an interest group, an ideology, a hate group, an ethnic group or any cause other than truth. This is not to say that this site is proof against error. It is only to say that truth is its purpose.
Karl Marx said that there were only class truths.
Today we have a large variety of truths: truths for feminists, truths for blacks, Muslims, Hispanics, homosexuals, transgendered, truths for the foreign policy community that serves the military/security complex, truths for the neocons, truths for the One Percent that control the economy and the economists who serve them, truths for “white supremacists,” itself a truth term for their opponents. You can add to the list. The “truth” in these “truths” is that they are self-serving of the group that expresses them. Their actual relation to truth is of no consequence to those espousing the “truths.”
Woe to you if you don’t go along with someone’s or some group’s truth. Not even famous film-maker Oliver Stone is immune. Recently, Stone expressed his frustration with the “False Flag War Against Russia.” Little doubt that Stone is frustrated with taunts and accusations from completely ignorant media talking heads in response to his documentary, Putin, based on many hours of interviews over two years. Stone came under fire, because instead of demonizing Putin and Russia, thus confirming the official story, he showed us glimpses of the truth.
The organization, Veteran Intelligence Professionals for Sanity, published a report that completely destroyed the false accusations about Trump/Russian hacking of the US presidential election. The Nation published an objective article about the report and was assaulted by writers, contributors, and readers for publishing information that weakens the case, which the liberal/progressive/left in conjunction with the military/security complex, is orchestrating against Trump. The magazine’s audience felt that the magazine had an obligation not to truth but to getting Trump out of office. Reportedly, the editor is considering whether to recall the article.
So here we have left-leaning Oliver Stone and leftwing magazine, The Nation, under fire for making information available that is out of step with the self-serving “truth” to which the liberal/progressive/left and their ally, the military/security complex, are committed.
When a country has a population among whom there are no truths except group-specific truths, the country is so divided as to be over and done with. “A house divided against itself cannot stand.” The white liberal/progressive/left leaders of divisive Identity Politics have little, if any, comprehension of where the movement they think they lead is headed. At the moment the hate is focused on the “alt-right,” which has become “white nationalists,” which has become “white supremacists.” These “white supremacists” have become epitomized by statues of Confederate soldiers and generals. All over the South, if local governments are not removing the statues, violent crazed thugs consumed by hate attempt to destroy them. In New Orleans someone with money bused in thugs from outside flying banners that apparently are derived from a communist flag to confront locals protesting the departure of their history down the Orwellian Memory Hole.
What happens when all the monuments are gone? Where does the hate turn next? Once non-whites are taught to hate whites, not even self-hating whites are safe. How do those taught hate tell a good white from a bad white? They can’t and they won’t. By definition by Identity Politics, whites, for now white heterosexual males, are the victimizers and everyone else is their victim. The absurdity of this concept is apparent, yet the concept is unshaken by its absurdity. White heterosexual males are the only ones without the privilege of quotas. They and only they can be put at the back of the bus for university admissions, employment, promotion, and only their speech is regulated. They, and only they, can be fired for using “gender specific terms,” for using race specific terms, for unknowingly offending some preferred group member by using a word that is no longer permissible. They can be called every name in the book, beginning with racist, misogynist, and escalating, and no one is punished for the offense.
Recently, a professor in the business school of a major university told me that he used the word, girls, in a marketing discussion. A young womyn was offended. The result was he received a dressing down from the dean. Another professor told me that at his university there was a growing list of blacklisted words. It wasn’t clear whether the list was official or unofficial, simply professors trying to stay up with Identity Politics and avoid words that could lead to their dismissal. Power, they tell me, is elsewhere than in the white male, the true victimized class.
For years commentators have recognized the shrinking arena of free speech in the United States. Any speech that offends anyone but a white male can be curtailed by punishment. Recently, John Whitehead, constitutional attorney who heads the Rutherford Institute, wrote that it is now dangerous just to defend free speech. Reference to the First Amendment suffices to bring denunciation and threats of violence. Ron Unz notes that any website that can be demonized as “controversial” can find itself disappeared by Internet companies and PayPal. They simply terminate free speech by cutting off service.
It must be difficult to teach some subjects, such as the “civil war” for example. How would it be possible to describe the actual facts? For example, for decades prior to the Union’s invasion of the Confederacy North/South political conflict was over tariffs, not over slavery.
The fight over which new states created from former “Indian” territories would be “slave” and which “free” was a fight over keeping the protectionist (North) vs. free trade (South) balance in Congress equal so that the budding industrial north could not impose a tariff regime. Two days before Lincoln’s inaugural address, a stiff tariff was signed into law. That same day in an effort to have the South accept the tariff and remain in or return to the Union—some southern states had seceded, some had not—Congress passed the Corwin amendment that provided constitutional protection to slavery. The amendment prohibited the federal government from abolishing slavery.
Two days later in his inaugural address, which seems to be aimed at the South, Lincoln said: “I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.”
Lincoln’s beef with the South was not over slavery or the Fugitive Slave Act. Lincoln did not accept the secessions and still intended to collect the tariff that now was law. Under the Constitution slavery was up to the states, but the Constitution gave the federal government to right to levy a tariff. Lincoln said that “there needs to be no bloodshed or violence” over collecting the tariff. Lincoln said he will use the government’s power only “to collect the duties and imposts,” and that “there will be no invasion, no using of force against or among the people anywhere.”
Here is Lincoln, “the Great Emancipator,” telling the South that they can have slavery if they will pay the duties and imposts on imports. How many black students and whites brainwashed by Identity Politics are going to sit there and listen to such a tale and not strongly protest the racist professor justifying white supremacy and slavery?
So what happens to history when you can’t tell it as it is, but instead have to refashion it to fit the preconceived beliefs formed by Identity Politics? The so-called “civil war,” of course, is far from the only example.
In its document of secession, South Carolina made a case that the Constitutional contract had been broken by some of the northern states breaking faith with Article IV of the Constitution. This is true. However, it is also true that the Southern states had no inclination to abide by Section 8 of Article I, which says that “Congress shall have power to lay and collect taxes, duties, imposts and excises.” So, also the South by not accepting the tariff was not constitutionally pure.
Before history became politicized, historians understood that the North intended for the South to bear costs of the North’s development of industry and manufacturing. The agricultural South preferred the lower priced goods from England. The South understood that a tariff on British goods would push import prices above the high northern prices and lower the South’s living standards in the interest of raising living standards in the North. The conflict was entirely economic and had nothing whatsoever to do with slavery, which also had existed in the North. Indeed, some northern states had “exclusion ordinances” and anti-immigration provisions in their state constitutions that prohibited the immigration of blacks into northern states.
If freeing slaves were important to the North and avoiding tariffs was important to the South, one can imagine some possible compromises. For example, the North could have committed to building factories in the South. As the South became industrialized, new centers of wealth would arise independently from the agricultural plantations that produced cotton exports. The labor force would adjust with the economy, and slavery would have evolved into free labor.
Unfortunately, there were too many hot heads. And so, too, today.
In America there is nothing on the horizon but hate. Everywhere you look in America you see nothing but hate. Putin is hated. Russia is hated. Muslims are hated. Venezuela is hated. Assad is hated. Iran is hated. Julian Assange is hated. Edward Snowden is hated. White heterosexual males are hated. Confederate monuments are hated. Truth-tellers are hated. “Conspiracy theorists” are hated. No one escapes being hated.
Hate groups are proliferating, especially on the liberal/progressive/left. For example, RootsAction has discovered a statue of Robert E. Lee in the U.S. Capitol and urges all good people to demand its removal. Whether the level of ignorance that RootsAction personifies is real or just a fund-raising ploy, I do not know. But clearly RootsAction is relying on public ignorance in order to get the response that they want. In former times when the US had an educated population, everyone understood that there was a great effort to reconcile the North and South and that reconciliation would not come from the kind of hate-mongering that now infects RootsAction and most of the action groups and websites of the liberal/progressive/left.
Today our country is far more divided that it was in 1860.
Identity Politics has taught Americans to hate each other, but, nevertheless, the zionist neoconservatives assure us that we are “the indispensable, exceptional people.” We, a totally divided people, are said to have the right to rule the world and to bomb every country that doesn’t accept our will into the stone age.
In turn the world hates America. Washington has told too many lies about other countries and used those lies to destroy them. Iraq, Libya, Yemen, Afghanistan, Somalia, and large chunks of Syria and Pakistan are in ruins. Washington intends yet more ruin with Venezuela currently in the cross hairs.
Eleven years ago Venezuelan President Hugo Chavez resonated with many peoples when he said in his UN speech: “Yesterday at this very podium stood Satan himself [Bush], speaking as if he owned the world; you can still smell the sulphur.”
It is difficult to avoid the conclusion that America is a font for hatred both at home and abroad.
The post Paul Craig Roberts On “The Weaponization Of History And Journalism” appeared first on crude-oil.news.
By Kristen Breitweiser, one of the four 9/11 widows – known as the “Jersey Girls” – instrumental in forcing the government to form the 9/11 Commission to investigate the 2001 attacks. Follow Kristen Breitweiser…
Presidential job approval is a simple, yet powerful, measure of the public’s view of the president’s job performance at a particular time. Approval ratings for Presidents Obama and Trump shown in the Presidential Job Approval Center are based on weekly Gallup Daily tracking averages.
From Truman to Trump…
On day 212 in office, President Trump has a 37% approval rating.
President Truman holds the record for lowest approval rating (for now) at 22% on day 2499 in office.
President George ‘W’ Bush holds the record for the highest approval rating at 89% on day 267 in office
Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces ) via SHTFplan.com,
At the rate things are going, a full-blown civil war appears to be materializing.
Colin Kaepernick began it all with…
The post A Full-Blown Civil War Is Materializing: “Nobody Will Be Able To Retreat To A Neutral Corner” appeared first on crude-oil.news.
By Julia Simon. NEW YORK- U.S. crude oil futures fell more than 3 percent on Monday but gasoline prices surged to two-year highs as Tropical Storm …The post <b>Crude oil</b> prices fall but gasoline jumps as Harvey hits US refiners a…
The Saudi Arabian Monetary Agency (SAMA), which is analogous to the Saudi Central Bank, has lost about $250 billion of its cash assets in just three years reaching its lowest levels in six years. According to an official report released by SAMA and obtained by Middle East Eye, the monetary assets declined at the end of July 2017 for the 14th month in a row to reach 1.91 trillion Saudi Riyals ($509 billion), which is the lowest level in six years. The figure has also showed a 12.4% decline compared to a year ago. Official figures show that SAMA lost a value of 932 billion Saudi riyals ($ 249 billion) between August 2014-July 2017 According to the SAMA report, the […]
Israel and the United States have resumed talks on the possibility of moving the US Embassy from Tel Aviv to Jerusalem. The Times of Israel quoted private sources as saying that, on Thursday, Israeli Prime Minister Benjamin Netanyahu discussed the issue of moving the embassy with Jared Kushner, President Donald Trump’s advisor and son-in-law. In a statement, Netanyahu’s office said that that talks with Kushner were constructive and substantive and Netanyahu expected that these talks would continue in the upcoming weeks. The statement added that Netanyahu expressed his appreciation to Trump and his administration for its strong support for Israel. On 23 January, Kushner arrived with US envoy to the Middle East, Jason Greenblatt, and US Deputy National Security Advisor for Strategy, […]
While we await Donald Trump’s response to the second consecutive North Korean provocation in four days, both on twitter and elsewhere, South Korean President Moon Jae-in has already ordered his troops to demonstrate their capability for “strong retaliation” and put on a show of “overwhelming force”, after his office convened a National Security Council session.
According to Yonhap, President Moon ordered his country’s military to display its capabilities that can “overwhelm” North Korea should the communist state decide to attack, the presidential office The show of overwhelming force involved the dropping of eight Mark 84 or MK84 multipurpose bombs by four F15K fighter jets at a shooting range near the inter-Korean border in Taebaek, Moon’s chief press secretary, Yoon Young-chan, told reporters.
“The NSC standing committee denounced North Korea for violating the U.N. Security Council resolutions by again launching ballistic missiles despite stern warnings,” Yoon told a press briefing.
Yoon also said that in a telephone conversation that also took place shortly after the latest North Korean missile provocation, South Korean Foreign Minister Kang Kyung-wha and her U.S. counterpart Rex Tillerson agreed to push for additional sanctions by the U.N. Security Council.
Futhermore, Gen. Jeong Kyeong-doo, chairman of South Korea’s Joint Chiefs of Staff, and his American counterpart Gen. Joseph Dunford agreed to take related measures at the earliest possible date, which apparently include the temporary dispatch of U.S. strategic assets like long-range bombers to Korea.
“We are considering the development of strategic assets in the US and we will consult with the United States.” US strategic weapons include B-1B strategic bombers, B-52 long-range nuclear bombers, stealth fighters, Aegis destroyers, and nuclear propulsion submarines, Yonhap reported.
Chung Eui-yong, Moon’s top security adviser, also held a telephone conversation with the White House’s National Security Adviser H.R. McMaster to discuss the allies’ joint measures against the North’s latest missile provocation. “McMaster said President Donald Trump fully supported President Moon’s North Korea policy and the South Korean government’s measures against North Korean provocations,” Yoon said.
As Yonhap concludes, “it’s quite unusual for the secretive nation to fire a ballistic missile from its capital, another sign that it’s diversifying launch areas to dodge external surveillance and a possible pre-emptive strike.”
Meanwhile, unlike previous launch instances, so far the S.Korean Kospi stock index has failed to rebound (yet), and was down 1.3% at last check…
… while the Kospi VIX, along with most Asian stock vol indicators, spiked in early trading.
Meanwhile, the Korean Won, which has become quite immune to Apocalyptic outcomes, sat near sessions lows, if well above where it was just ten days ago.
Discussing the resilience of the South Korean currency, Koon How Heng, head of markets strategy at United Overseas Bank Group said the won is “failing to properly price in risks surrounding North Korea and trade talks with the U.S.” He added that “risk remains that KRW will weaken and lift USD/KRW back towards the top end of the trading range” although it remains to be seen just what event – clearly a North Korean violation of Japanese airspace is not quiet “it” – will be sufficient to dislodge the currency from its perch.
Finally, in a curious tangent, while certainly not in Kim’s field of sight, Australian stocks just went negative for the year.
The post South Korea Orders Show Of “Overwhelming Force”, Conducts “Live Bombing” Drill As Kospi Tumbles appeared first on crude-oil.news.