USA - Many of us have been waiting to see what surprises the month of September would bring, and it appears that a stock market crash may be one of them. Even the most ardent market optimists were admitting that the absurd bubble that had developed over the course of the summer was completely unsustainable, and the only real debate was over when it would finally burst. So is this it? Stock prices have certainly plunged quite dramatically over the last several trading sessions, but it is always possible that things could stabilize for a little while. But whether it happens in September, October, November, December or next year, the truth is that everyone knows that a crash is coming.
USA - The Fed’s fiscal profligacy and greedy tech oligarchs are sinking capitalism faster than the Titanic. During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines since the March correction. The US Congress and Federal Reserve policy of endless bailouts, moral hazard and exponential money printing are extreme fiscal profligacy that will sink capitalism faster than the Titanic on its maiden voyage.
UK - LGBTQ-inclusive sex education is now mandatory in all of England’s high schools. Starting this month, all English teenagers will learn about lesbian, gay, bisexual, transgender and queer sexual health and positive relationships. “We want to support all young people to be happy, healthy and safe,” a Department for Education spokesperson said in an email to NBC News. The inclusive sex-ed mandate is part of a broader set of new guidelines rolled out by the department that seek to teach high school students “what makes a good friend, a good colleague and a successful marriage,” as well as provide information on contraception, consent and online safety. The curriculum aims to “teach young people to understand human sexuality and to respect themselves and others.” As for parents who do not support the LGBTQ-inclusive lessons — or sex education in general — they are able to withdraw their children from the high school sex-ed program until they are 16, the age of consent in England.
USA - Army Chief of Staff General James McConville has vehemently rejected Donald Trump’s comments alleging that the military’s top commanders wish to entangle the US in as many wars as possible in order to enrich weapon manufacturers.
USA - Most US citizens believe their government, legislators and courts are corrupt and unaccountable to the public, according to a new poll. Strikingly, both Democrats and Republicans share this opinion. Seventy percent of US citizens don’t think the government is “open and transparent,” while 60 percent of both Republicans and Democrats believe that judges aren’t free from the influence of parties and politicians. Less than 30 percent of both Republicans and Democrats believe their compatriots “agree on basic facts even though they disagree politically.” The poll seems to display both a complete distrust most Americans seem to have toward their public institutions, and a major ideological divide among themselves. Both Democrats and Republicans often speculate on abuses of power and fraud that may cost them the presidency. The theories vary from Donald Trump refusing to leave office, to liberal partisans electing Joe Biden through mail-in voting machinations.
GERMANY - Just as in a domino effect, it only takes one fallen piece to bring all the other ones down with it, and that piece might be Deutsche Bank. While many central banks around the world are having a meltdown but still keeping it together so far, the collapse of Deutsche Bank can destroy the entire global financial system. In this video, we will explain to you how central banks’ policies over the years had led the economy to a dead-end and the role of Deutsche Bank in what some can define as the final strike.
USA - I’ve gone on for a long time about fear making humans stupid, and even about it being a weapon and a brain poison. But I’ve also wondered at times whether people would hit fear-fatigue… that point where people have simply had enough fear and walk out from under it. As it turns out, however, I was a bit optimistic on fear fatigue. I’ve been reading Robert Sapolsky’s newest book, Behave: The Biology of Humans at Our Best And Worst, and was disappointed to learn what the best new research shows on the long-term application of fear. (Or, in the academic terminology, sustained stress.)
TURKEY - Amid soaring Turkey-Greece tensions related to the eastern Mediterranean gas exploration spat, which has already resulted in rival fighter jets patrolling airspace off Cyprus, the Associated Press reports Ankara has deployed some 40 tanks and armored vehicles to the border with Greece. Meanwhile NATO leadership is attempting to mediate the inter-NATO member dispute, which could prove highly embarrassing, also given Russia is about to kick off naval war games around Cyprus, notably in the very disputed waters Turkey is claiming as its own.
SAUDI ARABIA - A clandestine Saudi nuclear programme, revealed by whistle-blowers, has been confirmed by satellite images showing a large compound, in a suspicious location in the middle of the desert, a checkpoint, towering security fences, a big building about 150 feet on a side and pools for the collection of uranium waste; a typical blueprint for yellow-cake mills.
USA - Lie Number 2 is about the benefits of mask wearing. “It’s not scientifically sound, so why are we doing it?” Merritt asks. It’s “just a symbol of submission.” As noted in her slide show, “The strongest argument for mask wearing is it sounds good. The strongest argument against mask wearing is it doesn’t work at all.”
GERMANY - Among German conspiracy theorists, ultranationalists and neo-Nazis, the American president is surfacing as a rallying cry, or even as a potential “liberator.” Just before hundreds of far-right activists recently tried to storm the German Parliament, one of their leaders revved up the crowd by conjuring President Trump. “Trump is in Berlin!” the woman shouted from a small stage, as if to dedicate the imminent charge to him. She was so convincing that several groups of far-right activists later showed up at the American Embassy and demanded an audience with Mr Trump. “We know he’s in there!” they insisted.
GERMANY - Thirty years after Germany’s reunification, the Unity Expo was opened in Potsdam this past weekend. It shows what happened in the past 30 years, in 30 glass boxes anyone can take a look at. Contrary to its name, the German Democratic Republic (GDR) was not democratic. It became part of the democratic Federal Republic of Germany on October 3rd, 1990. This happened eleven months after the Berlin Wall fell, 29 years after it was built, and 45 years after the Allies finally ended fascism and the Holocaust by defeating Nazi Germany. Today, the almost 13 million Germans who are 30 years old or younger never lived in any of the two German states while they existed next to each other. They just hear stories about divided Germany from their families or at school. To many of those who do remember the inner-German border, time has raced by since.
UK - Britain’s government is banning gatherings of more than six people in England, as officials try to keep a lid on daily new coronavirus infections after a sharp spike across the UK that has been largely blamed on party-going young adults disregarding social distancing rules. Downing Street said urgent action was needed after the number of daily laboratory-confirmed positive cases hit nearly 3,000 on Sunday. The figure dipped Tuesday to 2,460.
USA - Facebook CEO Mark Zuckerberg warned in an interview with Axios on HBO that there’s a “heightened risk” of “violence or civil unrest” in the wake of the November election — particularly between election night and when the winner is declared — as Facebook scrambles to address concerns around how it handles election information and misinformation. Zuckerberg noted to Axios that “we may not know the final result on election night,” and said Facebook would provide messaging to start “preparing” people that it’s “normal” if tallying the vote takes days or weeks, as well as messaging on posts in which a candidate claims victory before there’s a consensus. Zuckerberg said Facebook was “trying to make sure that we do our part” to ensure any post-election unrest is not organized on Facebook’s platforms.
UNITED NATIONS - The first famines of the coronavirus era could soon hit four chronically food-deprived conflict areas — Yemen, South Sudan, northeast Nigeria and the Democratic Republic of Congo — the top humanitarian official of the United Nations has warned. In a letter to members of the Security Council, the official, Mark Lowcock, said the risk of famines in these areas had been intensified by “natural disasters, economic shocks and public-health crises, all compounded by the COVID-19 pandemic.” Together, he said, “these factors are endangering the lives of millions of women, men and children.” The letter, which has not been made public, was conveyed by Lowcock’s office to the Security Council on Friday under its 2018 resolution requiring updates when “the risk of conflict-induced famine and widespread food insecurity” occurs. A copy of the letter was seen by The New York Times.
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The views expressed in this section are not our own, unless specifically stated, but are provided to highlight what may prove to be prophetically relevant material appearing in the media.