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ISIS Gold Standard: Will it Work?

A bizarre new video purportedly released by ISIS features archival clips from several prominent Austrian and free-market economics thinkers, including Ron Paul, discussing the Federal Reserve and the end of the dollar. Is this some sort of anti-gold propaganda, meant to suggest that anyone questioning the current Federal Reserve central banking system is on board with ISIS? Or is ISIS looking at the collapse of the dollar as a "second 9/11" as is said in the video. More on this very strange development in today's Liberty Report...
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Blame the Federal Reserve, Not China, for Stock Market Crash

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Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.


Many blamed the crash on China’s recent currency devaluation. It is true that the crash was caused by a flawed monetary policy. However, the fault lies not with China’s central bank but with the US Federal Reserve. The Federal Reserve’s inflationary policies distort the economy, creating bubbles, which in turn create a booming stock market and the illusion of widespread prosperity. Inevitably, the bubble bursts, the market crashes, and the economy sinks into a recession.
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Beijing Bingo

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My father, a New York financier, used to call dubious stocks or bonds, “Chinese paper.” Last week, we saw a blizzard of Chinese paper, both in China and around the world. 

As manager of a sizeable investment portfolio (an unwelcome second job from my main work, journalism), I watched last week’s near death experience on world markets with a mixture of cynicism and alarm. First of all, remember when Americans – and particularly Republicans – demonized Mao’s China and endlessly warned about the perils of Communism? 

Well, the Chinese seemed to have listened. China ditched Communism and embraced runaway capitalism – or at least a hybrid of 1900 raw capitalism and state socialism. But Chairman Mao was proven right. He warned his people against the evils of “casino capitalism” and money lending. 

The near collapse of China’s stock market in recent weeks scared the hell out of the entire world but, at least so far, really has not mattered very much. China’s markets are insulated from the rest of the world. They serve as a way of letting average people share some of China’s growth and as a form of national lottery – call it Beijing bingo.

Western stock markets are also semi-rigged casino games in which the big boys and their ultra high speed computer systems almost always win at the expense of small fry.
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Follow the Money? Not with Hillary, Follow Pat…

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The old adage, “follow the money,” is still not a bad way to suss out wrongdoing. Originated during the Watergate era, the term says if you follow the trail of money through an organization or a caper, you’ll find the guilty people at the end.

With the State Department and Hillary Clinton, the advice should read: “Follow Pat Kennedy.”

Meet Pat Kennedy

The name of long-time State Department Under Secretary for Management, Patrick Kennedy, pictured, is unknown to most journalists and nearly all of the public, but he in fact is present at every significant public issue State confronts. Take a look…

Kennedy and Manning

Do a little Googling around, and there’s Pat helping drive nails into Chelsea Manning’s coffin, testifying at his trial about the “grave damage” done to America’s national security. Kennedy in September 2013 admitted his testimony “contained misstatements,” which he said were “inadvertent.” Kennedy also oversaw State’s internal report on Wikileaks’ impact and ran the working group that was supposed to identify people at risk because their names appeared in the State Department cables online.
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Sanders' Foreign Policy - Not Antiwar

Senator Bernie Sanders has a growing following, particularly among progressives. While one may think progressives tend to oppose the US militaristic foreign policy, Sanders' record on war is not as consistent as some would have us believe. In the Middle East his positions, as explained recently to CNN's Wolf Blitzer, are quite bizarre: support Saudi Arabia's push for regional domination. The Saudis would seem an unlikely partner for a progressive -- considering the kingdom's record on civil rights and its support for proxy wars in Syria and elsewhere. More about the Sanders bait and switch in today's Liberty Report...
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Syria: The Propaganda Ring

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After four and half years of relentless propaganda being flung around our mainstream media by propagandists, NGOs and Empire serving mouthpieces, one wonders how this stream of effluent still manages to stick to the consciences of the public it serves to deceive.

Yesterday, a Facebook post caught our attention. A Palestinian based in Gaza posted two photos of child victims in Syria. The photos were accompanied by the caption, “The massacres of Assad regime in Syria #Douma”. The subsequent barrage of comments consisting of the usual plethora of outpouring against Assad and the SAA provoked us to investigate further.

We discovered that both photos were taken by photographer Khaled Khatib, and were of “reported” SAAF barrel bomb attacks on unclassified areas of Aleppo. Bearing in mind, most of Khaled’s photos on Google appear to be of the immediate aftermath of such an attack, one wonders why he does not specify the area and offer a verified claim of the attack being from barrel bombs, rather than the rather non committal “reported” tag.
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'Unprivileged Belligerents' - The US War On Journalists

The Defense Department's new Law of War manual, which provides guidance to military commanders in time of war, advises that journalists they consider "unprivileged belligerents" can be either removed from military facilities or even detained indefinitely without charge. The problem is we are in an endless, undeclared war and the provision is sufficiently vague to potentially include any effective critic of US military action. Today's Ron Paul Liberty Report looks at this disturbing new development...
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Weaponizing Migrants

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Europeans ought to be demanding Uncle Sam’s head on a silver platter, and those of their own leaders on pikes.

Thanks to 25 years of lunatic US foreign policy initiatives and relentless military aggressions, the steady drip of illegal immigration into Europe from Africa and the Middle East has become a crisis of refugees. Not only has the US killed and maimed at least a million people and displaced millions more, it has destroyed the property – water, sanitation and transport systems – that support the networks of trade and commerce essential to the survival of developed human communities. The US has salted great swaths of the Middle East with the desiccated and irradiated debris of war. Disease and contagions lurk in shadows while the agents of violence march in the noonday sun.
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Who Tipped Off Al-Qaeda in Syria?

McClatchy News Service reports this week that it was the Turkish government who tipped off al-Qaeda in Syria that a group of US-backed "moderate" fighters were about to enter the country. The "moderates" were immediately captured or killed upon stepping over the border. The Turkish and US government deny the story, which probably makes it more likely to be true. US and Turkish policy clash at several key areas when it comes to Syria. Today's Liberty Report takes a look at the disastrous US regime change policy in Syria...
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UK Police Scanned the Faces of 100,000 People at Music Festival

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Hey, Big Brother? It’s me. Can we talk about facial recognition please?

The Download Festival

See, the police used facial recognition technology to scan the faces of thousands of attendees at the Download music festival in the UK without their knowledge.

The excuse the Leicestershire Police used was that they were trying to catch “organized criminals” who specifically target music festivals to “steal mobile phones,” according to a report in Police Oracle. The collected footage is compared against a database of custody images to identify the criminals, in this case, an alleged music festival phone-robbing crime ring that nobody seemed to have heard about prior to it becoming the justification for searching an entire crowd who did nothing but show up to hear some tunes.

The festival saw 91 arrests out of 100,000 people. Most were for alcohol-related mishaps, none for phone theft.
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