US Signals Ukraine It Can Use HIMARS Against Russian Targets In Crimea

Authored by Dave DeCamp via AntiWar.com,

The State Department on Sunday implied that Ukrainian forces are allowed to use US-provided High Mobility Artillery Rocket System (HIMARS) against Russian targets in Crimea, which Russia has controlled since 2014.

When the US first announced it was sending HIMARS to Ukraine, Biden administration officials said they received “assurances” from Ukrainian officials that the rockets won’t be used to target Russian territory.

Satellite photo of the peninsula of Crimea, via Euractiv.

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The Doomsday Scenario For The Stock And Housing Bubbles

Authored by Charles Hugh Smith via OfTwoMinds blog,

It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy.

The Doomsday Scenario for the stock and housing bubbles is simple: the Fed’s magic fails. When dropping interest rates to zero and flooding the financial sector with loose money fail to ignite the economy and reflate the deflating bubbles, punters will realize the Fed’s magic only worked the first three times: three bubbles and the game is over.

So what happens when punters realize there won’t be a fourth bubble? They sell. Bids disappear because who’s dumb enough to bet (with Japan and Europe as lessons) that more liquidity and negative interest rates will magically work when zero interest rates didn’t move the needle?

Who’s foolish enough to catch the falling knife (i.e. buying plummeting assets on the way down) on the unsupported assumption that the next dose of Fed magic will reverse a bidless market?

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A Modern-Day Paul Revere Not Warning of Noah’s Flood at a Wedding

By Doug “Uncola” Lynn via TheBurningPlatform.com

 

They did eat, they drank, they married wives, they were given in marriage, until the day that Noah entered into the ark, and the flood came, and destroyed them all.

– Luke 17:27

 

Over the last three months I’ve attended three weddings.  Whatever getting married in a barn signifies or portends, it’s trending, because that was the case for two out of my last three invitations.  Although one of the earlier ceremonies was held in an actual barn, the wedding and reception facilities where I attended this last Saturday appeared to have been specifically remade for human mammals because the venue was beyond elegant.

Being the very first betrothal I can recall ever attending in the month of December, it was no surprise the weather was bad given this time of year.  Fortunately, however, all of the important people were there.  Again, it wasn’t the storm that mattered that evening, but rather, more importantly, who showed-up for the feast. The accommodations were first class, and with all of the beautiful people in attendance, I commented to another guest it was like being in a movie or, at the very least, at a television awards ceremony.

The next morning one of my offspring texted me the following:

 

Was impressed last night by all the people who came up to you just to chat or for your advice and your handling of what could have been an awkward situation

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