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Links Putin Exposes Criminal Global Order October 26, 2014 ( Ulson Gunnar – NEO ) -Russian President Vladimir Putin, before an international audience, exposed an international order capitalizing on the end of the Cold War to reshape the world according to its own interests, sidelining concepts such as basic international relations, international laws, systems of checks and balances, and even the very concept of national sovereignty itself. Amid President Putin’s speech, he would condemn the United States’ support for neo-fascists, terrorists, and its contempt for national sovereignty around the world.
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As for wages, they are actually rising not only in the US, but also in Europe as I pointed out in European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity . In the US, the Fed did stave off for now, another round of price deflation
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Flash Germany Composite Output Index at 54.3 (54.1 in September), 3-month high. Flash Germany Services Activity Index at 54.8 (55.7 in September), 4-month low. Flash Germany Manufacturing PMI at 51.8 (49.9 in September), 3-month high
Late Payments by Ibex Companies Hits €47 Billion, 169 Days (3 Times Legal Time Limit); Ibex vs. DOW Lack of significant improvement in payments by IBEX companies to suppliers is yet another another sign there isn’t much of a recovery in Spain
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View original post here: Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"