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Monday, February 16, 2026

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THE FED SCARES THE IMF


The United States is poised to raise rates much more sharply than markets expect, risking a potential storm for global asset prices and a dollar shock for much of the developing world, the International Monetary Fund is warning in its just-issued IMF World Economic Outlook (WEO).

The IMF fears a "cascade of disruptive adjustments" as the US Federal Reserve finally pulls the trigger for the first time in eight years, ending an era of cheap and abundant dollar liquidity for the international system.

The Fed's long-feared inflexion point is doubly treacherous because investors seem ill-prepared for what lies ahead, and levels of dollar debt outside the US have reached an unprecedented extreme. The Fund says future contracts are pricing in a "much slower" pace of monetary tightening than the Fed itself is forecasting.

The crunch comes as the world economy remains becalmed in 2015 with stodgy growth of 3.5%, held back by another set of brutal downgrades for Russia and string of countries in Latin America. Emerging markets face a fifth consecutive year of slippage as they exhaust the low-hanging fruit from catch-up growth and hit their structural limits.

The world will remain stuck in a low-growth trap until 2020, and perhaps beyond.

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PUTIN’S BRIBES TO ENVIRONMENTALISTS EXPOSED


Which country has the biggest interest in stopping the expansion of the oil and gas industry in Europe and North America? Answer: the Russian Federation is highly dependent -- to the tune of several hundred billion dollars -- on the export of these commodities, particularly to Europe.

It is rational, then, for the Russians to spend upward of a few hundred million dollars to influence politicians to stop gas and oil projects in those countries, with the goal of limiting supply, and thus protecting the Russian revenue stream.

Researchers at the Environmental Policy Alliance, however, have just produced a very solid, well-documented report, which shows how tens of millions of dollars from Russian interests apparently flowed from a dark company in Bermuda through opaque environmental bundlers, such as the Sea Change Foundation, into major environmental lobbying organizations, including the Sierra Club, the Natural Resources Defense Council and the League of Conservation Voters.

There have been a number of press stories during the past week on Russian support of American environmental groups, including a very detailed description of the money flows, by Lachlan Markay of the Washington Free Beacon.  In truth, these reports just scratch the surface of the Kremlin bribery operation paying off not just enviro groups but White House people as well.

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THE SHRILL CHERRY-PICKED SCREED OF THE DEMOCRAT TORTURE REPORT


Yesterday (12/09), the Senate Select Committee on Intelligence chaired by Democrat Senator Diane Feinstein (CA) publicly issued an unclassified Executive Summary of its classified report to Congress on the Central Intelligence Agency's Detention and Interrogation Program in response to the terror attack on America of September 11, 2001.  It has been dubbed the "Torture Report" by the media.

As CIA Director from May 2005 to February 2009 I'm not here to defend torture. I'm here to defend history.

The Senate Democrat report is exceedingly graphic in its description of several interrogations; it is designed to shock and it does. So too would an equally detailed description of drone strikes, which are currently supported by these same lawmakers and, by the way, deemed lawful by the Department of Justice.

The Senate Democrat document reads like a shrill prosecutorial screed rather than a dispassionate historical study. What happened here seems clear. The staff started with a conclusion and then "cherry picked" their way through 6 million pages of documents, ignoring some data and highlighting others, to make their case.

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AUTO-RACIST AMERICA


On November 18, a senior at Georgetown University in DC named Oliver Friedfeld wrote a letter published in the campus newspaper, The Hoya, headlined "I Was Mugged And I Understand Why."

The kid blamed himself  for being robbed at gunpoint by two black muggers.

He's being such a living caricature of liberal candy-ass white guilt has caused a deluge of conservative media contempt, from Breitbart to Rush to FoxNews' Greg Gutfeld who belittled him as "a discredit to his race - the human one."

Yet how different from Oliver the Pajama Boy is every talking head on TV News save for Fox?

The "narrative" or meme of Racist America is all that counts for the white media-academia establishment.  Everything must be twisted into it or ignored. 

What is clear is that the white media-academia establishment is determined to aggravate racial tension and hatred of blacks against whites in America - they want violence and riots and protests against whites. 

Why?  It's too facile to simply answer, "white guilt."  For that begs the question, "What is the cause of white guilt?"  Why should whites feel guilty?  Guilty for what?

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IT’S THE BELIEF THAT STRESS IS BAD FOR YOU THAT’S BAD FOR YOU


In a great TED talk, Kelly McGonigal of Stanford University revealed a new finding about stress. We used to think that too much stress could be very bad for you. In fact, people with high levels of stress have a 43% higher probability of dying than those with lower levels of stress. That sounds pretty bad, doesn't it?

But it turns out that it's not the stress itself that'll kill you. Those with high levels of stress who believed that stress is bad for you indeed have a 43% higher probability of dying than those with lower levels of stress, but those with just as high levels of stress who believed that stress was a normal and healthy response of their body to the challenges of life were actually healthier than those with lower levels of stress.

In other words, it's not stress, but the belief that stress is bad for you that will kill you.

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YOUR FIGHT AGAINST ENTROPY IS YOUR LIFE’S CREATION


Entropy is a term from physics that describes the tendency for matter to move from order into disorder. Life can be seen as deliberately working against entropy.

With our minds, we train our own brains to hold the structure of our lives. The habits that we practice daily, weekly, monthly; they are all based on neural pathways that we have established in our brain that make it easy and natural for us to follow these routines. These habits – if they are good ones - help us to resist entropy and have a sense of meaning, purpose and direction.

When you have a plan, and you are persistent with that plan, your habits become your allies. They work for you to reach your goals, so that you don’t have to work against your habits. What you create through your own fight against entropy is the masterpiece of your life.

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THE COUNTRY THAT DOESN’T EXIST


Want to come with me to the country that doesn't exist?  Plan to pack your bags this coming February.

Imagine a Moslem country that is a real democracy, pro-America, pro-free market, despises Islamist ideology and terrorism, and lies athwart one of the world's most critical chokepoints in global shipping and trade.

The US State Department would leap at the chance to support such a country, right?  You are probably cynically shaking your head no - but it's much worse than that.  Our government refuses to recognize the country's existence.  In fact, no government or international organization in the world does - yet is has been sovereign and independent since 1991.

With no help or recognition from anyone, this country has managed to survive - and survive as a capitalist Moslem terrorist-free democracy - for nearly 20 years.  This is a heroic achievement - and unknown to most everyone on the planet.

We are talking about Somaliland - the Country That Doesn't Exist.

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HOW TO FIGHT THE ISLAMISTS

We have to fight them, because their radical imams, mosques, and schools threaten us; they constitute an assembly line for the next generation of home-grown American jihadi killers. But we can’t ask the courts to silence them, because we want to maintain our 1st Amendment rights.

How, then, do we fight? There are three basic lines of attack. The first is to openly contest their odious doctrines and practices.

Second, we should prevent such people from entering America.
Third, there is the “Al Capone strategy.”

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FRUGALITY AND SAFETY IN A POST-RATIONAL AMERICA


Frugality is in vogue and is going to be a necessity for a lot of folks these days. If you are using Windows, MacOSX, or Linux, save yourself a bundle of cash and download the free OpenOffice suite. It can open Microsoft office documents, and documents created by OpenOffice can be opened by Microsoft Office.

As you well know Microsoft Office does not come cheap, even in upgrade forms. This free suite will save you hundreds of dollars, in a time when dollars are becoming harder to come by. OpenOffice can be downloaded for free here:

OpenOffice

Safety is a concern for all of us in this troubled world and online, one has to be cautious. One way to add to your protection is...

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TURKEY’S PHONY INVASION OF IRAQ


Turkey Invades Northern Iraq blared headlines around the world last weekend (2/23-24).  Thousands of Turkish troops had crossed several miles into Iraq to "root out" PKK Kurdish guerrillas from their "mountain strongholds."

Here is a map of the Turkey-Iraq border.  It runs west-to-east or left-to-right from Syria (the triangle that Highway 6 runs through is Syria) to Iran.  [See map in main article.]

Note the Turkish town of Cukurca.  This is the Turkish Army's staging point, where the invasion was launched, and from where, as CNN announced yesterday (2/27), Turkey Sends More Troops Into Iraq.  The farthest penetration of Turkish troops has been about 24 kilometers or 15 miles into Iraq in the area of the Iraqi village of Al Amadiyah.

Anyone who sees this map and knows where the PKK is based is instantly LOL - laughing out loud.  The PKK "stronghold" is in the Qandil mountains where Turkey, Iraq, and Iran come together - almost 100 miles by road or jeep track from Cukurca.

This is a phony invasion.  Check out this story in the Washington Post, whose eyewitness reporter states the Turkish troops can "go no farther" than 15 miles into Iraq, that the Turkish military has "targeted Kurdish civilians in villages that are often far from the bases of the [PKK] guerrilla group," and quotes an Iraqi Kurdish soldier:  The Turks "say there are PKK in this area, but actually the PKK are very far from here."

Why would the Turkish Army stage a Potemkin invasion of Iraq and pretend to attack the PKK?   To ramp up anti-Kurdish Turkish jingoistic nationalism while preserving the business deal the Turkish Army has with the PKK to run drugs.

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A PERSONAL JOURNEY THROUGH RELATIVITY


There is an amusing story about Sir Arthur Eddington, who in the 1920s and 1930s was Britain's leading expert on Einstein's theory of relativity.  Eddington was once asked to comment on the rumor that only three people in the world, by implication including himself and Einstein, properly understood the theory.  There was a long pause before Eddington replied slowly,  "I wonder who the third person is."

The theory of relativity has a fearsome reputation, the widespread belief being that any theory formulated by a man of such legendary genius as Albert Einstein must be beyond the power of ordinary people to grasp.

Yet today, Einstein's theory is routinely taught in universities around the world, and libraries contain a range of student textbooks on the subject. Either the students of today are much brighter than they are sometimes given credit for, or the theory is not so fearsomely difficult to grasp after all.

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Chapter Nineteen: THE MARRIAGE OF TECULEHUATZIN


The Jade Steps
Chapter Nineteen: The Marriage of Teculehuatzin


For more than two weeks, every day in Tlaxcala seemed more enjoyable to the Spaniards than the previous. The friendship shown to them by the Tlaxcalans was overwhelming. Children were constantly giving them flowers. Everywhere they went in the city, they would be invited into homes to share a meal. Older women, Señoras, were always bringing them food in their quarters, and there seemed to be a never-ending number of young ladies, Señoritas, desiring to share their quarters with them.

One reason for such an abundance of hospitality was the Spaniards’ strict obedience to Cortez’s stern command to take nothing – nothing – from the Tlaxcalans except what was given to them. They vividly remembered when Cortez caught a soldier named Mora stealing a turkey from a village on the way to Tlaxcala and ordered him hung. Mora would have died had not Pedro de Alvarado cut the rope with his sword at the last moment.

While the men were enjoying themselves, Cortez spent as much time as possible with King Xicotencatl and Chief Maxixcatzin teaching them about Christianity.


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THE FARCE OF CLIMATE FASCISM AND ASTHMA


President Obama has made a not-so-subtle attempt to personalize his administration's war on "climate change" by linking it with his daughter Malia's asthma.

Nice try, Mr. President. But the evidence just doesn't stack up.  It's one more farce for the Climate Fascists.

The CDC (Centers for Disease Control and Prevention), the EPA's Gina McCarthy and the Surgeon General Vivek Murthy have lent their ‘expert' support to the ‘global warming means more asthma' thesis  -- all a classic case of doing their masters' bidding.

Problem is, despite this impressive show of concerted ‘expert' strength, the connection between climate change and asthma is flimsy on stilts.

This becomes evident when you examine the claims made by the CDC website. It certainly sounds authoritative. (How could America's leading national public health institute possibly get it wrong where health issues are concerned?) But none of them bears close scrutiny.

Let's examine them one by one.

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A PRESIDENT WHO LIVES IN FANTASY LAND


If you were a librarian, would you put President Obama's recently delivered State of the Union address in the fiction or nonfiction section?

All presidents puff their accomplishments and gloss over their failures, but no previous president has been so blatant in just making up "facts" and numbers that are so disconnected from reality.

The Islamic State (which is also called ISIS or ISIL) is gaining territory, yet the president said we are "stopping ISIL's advance."

He said, "We're upholding the principle that bigger nations can't bully the small, by opposing Russian aggression." In the year since his last State of Union address, Russia has grabbed Crimea, taken control of part of Eastern Ukraine, and continues to take more territory in Ukraine. If this is success, what would failure look like?

The president's description of the economy was also a trip through Fantasy Land.

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TEAM OBAMA’S TORTURE REPORT IS TREASONOUS


Tuesday's (12/09) willful, unnecessary and gratuitously destructive release of the one-sided "torture report" at the insistence of outgoing Senate Intelligence Committee Chairwoman Dianne Feinstein (D-CA) - backed by the White House -  amounts to nothing less than providing aid and comfort to the enemy in wartime.

Can anyone cite one practical good accomplished by releasing this gratuitously destructive report at this time? Will revealing successful practices make us more secure? No.

The report provides a propaganda windfall for Islamist fanatics. Will it benefit our allies? No.

It exposes those who took great risks to help us in the wake of 9/11. Will it "set the record straight?" No. It distorts the record grotesquely in the interests of political correctness, blame-shifting and short-term political advantage.

Of course, the release of this report just now - which may lead to the deaths of more Americans, as the senator has been warned - is another sign of the Obama administration's desperation.

Team Obama's genius for failure in every policy field, foreign or domestic, has left the administration's inner circle frantic to deflect attention from its parade of deceptions, derelictions and disasters.

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