The Daily Blog Open Mic Sunday 15th November 2015

1. Episode 835

   https://www.rt.com/shows/keiser-report/321664-episode-max-keiser-835/

   “Every week Max Keiser looks at all the scandal behind the financial news headlines.

   In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the memory of our living economy and consumers in the life of the dead banks, markets and economies. They look at the collapse of the Baltic Dry Index, the slow death of the markets as spoofing and HFT front-running fraud take over where real price discovery once lived. They examine the booming stock prices of legal heroin dealers in America, where an historic spike in overdose deaths is taking place. In the second half, Max interviews Sandeep Jaitly of Fekete Research. They chew over QE, ongoing since the 1920s, and note the only thing different today is that the central banks have moved further from the yield curve. Sandeep also suggests Carl Menger (were he to be brought back from the dead to run our economy), would immediately expire at the sight of our notion of ‘public debt.’ “

2. ‘No terrorist group can survive unless some govt finances it – terror economy expert’

   https://www.rt.com/shows/sophieco/214403-terrorism-business-money-jihad/

   In many ways terrorism works just like a business, and a costly one – the organization needs arms, supplies, and each recruit needs to be fed and equipped; it all costs money. But where do terrorists get their money? How are the atrocities financed? Is jihad even possible when you have no-one to back it with a hefty sum? And can a terror group become independent? We ask these questions to economist and expert of the terrorist financial world, Loretta Napoleoni, on Sophie&Co today.”

3. 7 Takeaways From Democratic Debate: Terrorism, Wall Street Ties and ‘Carnival Barker’ Trump

   Clinton put on the defensive on Middle East policy:

   Sanders struck an early blow against Clinton by alluding to her vote to authorize the war in Iraq, which he dubbed the worst foreign policy blunder of his lifetime.

   “I would argue that the disastrous invasion of Iraq, something I strongly opposed, has unraveled the region completely and led to the rise of al-Qaeda and ISIS,” he said. “I don’t think any sensible person would disagree that the invasion of Iraq led to the massive level of instability we’re seeing right now.”

   O’Malley expanded his criticism of Clinton to U.S. intervention in Afghanistan, Iraq, Libya and foreign locales that took place during her tenure as Secretary of State. “We are not good at anticipating threats and building up stable democracies,” he said.

   Sidestepping her vote to authorize the Iraq War, Clinton sought to defend the Obama administration over its involvement in Libya as well as charges that it underestimated the ISIS threat. “Yes, this has developed. I think there are many other reasons why it has,” she said. But I don’t think the United States has the bulk of the responsibility.”

   – See more at: http://www.thewrap.com/7-takeaways-democratic-debate-terrorism-clinton-wall-street-carnival-barker-trump/#.dpuf

   • totally agree Clem

4. Documents submitted to the Senate corporate tax avoidance inquiry by the International Transport Federation reveal Chevron paid just $248 tax on $1.7 billion profit made in Australia last year.

   The Australian Tax Office have revealed at a Senate Inquiry into corporate tax secercy laws that 1 in 5 private companies that earn over $100 million a year paid no tax in 2014.1

   Incredibly, the Government just passed legislation in parliament that makes the tax details of all private companies earning over $100 million a year secret.

   Corporate tax dodging isn’t a victimless scheme. Our schools and hospitals miss out on the funding they need, meaning familes miss out on the quality services they rely on for a brighter future.

   Join the campaign to demand all corporations pay the tax they should: http://bit.ly/1WLMEaw

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