September 2
Doug Casey
The U.S. has devolved into a bankrupt multicultural domestic empire. It’s no longer the country which promotes individualism, free minds and free markets. Rather, it’s been captured by a gigantic regulatory bureaucracy which requires permission for most everything, while taking roughly 40% of the GDP directly and indirectly. The military is well-equipped, at gigantic expense, to fight 20th C wars, but totally ill-equipped to fight the kind of wars the US is provoking everywhere.
When Einstein was asked what weapons he thought World War 3 would be fought with, he said he didn’t know. He was only sure that World War 4 would be fought with sticks and stones.
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S&P is up 0.51% | 2:05
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News
Fed Beige Book: Modest growth, moderate inflation
ADP" Private Employers Add 38,000 in August
The Econoday consensus for NFP on Friday is +55,000 | Mish
Gunfight in Kyiv Deepens Feud Between Ukraine’s Powerful Spy Agencies
All states going forward must report undocumented immigrants known to be in a state to the U.S. Department of Homeland Security or risk losing federal funding for programs meant to aid low-income individuals, the Department of Justice said in a new legal opinion.
AlJaz
IRGC says two vessels on fire after hitting mines in Hormuz
Iran
US, Iran conflict escalates as Israel prepares for possible Iranian attack
Russia secretly assists Iran with supersonic cruise missiles - FT
Kory
Zelensky said that “we want to warn every airline that uses Russian airspace, every insurer, and everyone who still uses Russia’s key airports: Russian airspace is becoming completely unsafe. Putin responded by condemning Zelensky’s threat as a move towards “state terrorism”, adding that “We don’t negotiate with terrorists.”
Simpl
One thing that becomes absolutely certain now, is that the CIA director’s visit to Moscow obviously had something to do with this. There may have been multiple angles to his visit, but we are now left to assume this was the main end-all-be-all reason: to deliver a final warning to Russia: “If you do not stop finishing off Ukraine’s infrastructure, a new unprecedented terror campaign against your airports will shut down all travel to your key cities.” The only question that remains is whether the CIA is in on it, or whether they were genuinely warning Russia about Ukraine’s intentions.
Debt Rattle
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