La Nit de Sant Joan

La nit de Sant Joan, és nit d’alegria
Estrellat de Flors, L’estiu ens arriba
De mans d’un fillet que li fa de guia.
Primavera mor, l’hiverm es retira.
Si arribes l’amor, mai mes moriría.

Yesterday night was the Nit de Sant Joan and Jaume Sisa composed this song in its honour. Jaume Sisa, composer and singer, has created some of the most iconic songs of contemporary catalan popular music. El setè cel, Qualsevol nit pot sortir el sol or Nit de Sant Joan belong already to the catalan collective subconscious.

Among the catalan festivities, there are two that, in my view, stand out as faithful “avatars” of the “catalan soul”.  One of them, el Dia de Sant Jordi, the day on which men give roses to their significant ones and everybody gives books to everybody, is quite well known even outside of Catalonia. Not so much with la Nit de Sant Joan, celebrated on Saint John’s eve, the night of the 23rd to the 24th of June, around the summer solstice. With roots in pagan times (probable but not proven), it is a night not to sleep…but to eat, drink, dance…a night of love…and pleasure…of fire, of fireworks and bonfires…a celebration of excess and of life.

There is a saying stating that the character of Catalonia fluctuates between el Seny i la Rauxa. El Seny, “reasonableness, integrity, common sense, right action”, would be Sant Jordi. La Rauxa, “passion, excess, sentimentality”  would be la Nit de Sant Joan.

If you ever visit our land, care to include one of these 2 festivities (or both!) in your schedule. And if it is la Nit de Sant Joan be ready to let loose because…”Si arribes l’amor, mai mes moriría.”

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Aberrant Central Banks

In a report to be presented on Wednesday June 17 in London, the Official Monetary and Financial Institutions Forum (OMFIF) will reveal that central banks are increasingly investing in the stock market and that they will most likely continue to do it in the future. “A cluster of central banking investors has become major players on world equity markets” can be read in the report, according to an article published in the Financial Times. What should be considered an aberration, that is, that central banks, whose “raison d’être” is maintaining the purchasing power of the currency, engage in such market distorting and destroying activities, is presented as a, at most, minor mistake, a quirk, a curiosity, something not to be ashamed of or worried about. Here you can reach the OMFIF press release, here the FInancial Times article and here the Zerohedge comments about this conspiracy theory turned fact.

Smedley Butler revisited

 

 

According to Wikipedia “Smedley Darlington Butler (July 30, 1881 – June 21, 1940) was a United States Marine Corps major general, the highest rank authorized at that time, and at the time of his death the most decorated Marine in U.S. history. During his 34-year career as a Marine, he participated in military actions in the Philippines, China, in Central America and the Caribbean during the Banana Wars, and France in World War I. Butler is well known for having later become an outspoken critic of U.S. wars and their consequences, as well as exposing the Business Plot, a purported plan to overthrow the U.S. government.” In 1935 he published a book that with the title “War is a racket” defended the thesis that the USA waged wars with the main purpose of protecting Wall Street and corporate America.

SmartKnowledgeU has produced a modern version of the same thesis expressed in a simple map that requires little comment.

 

Dark Belgian Chocolate

In his  article, Who Is The New Secret Buyer Of U.S. Debt?, Brandon Smith tries to solve one of the mysteries of recent events in financial markets: the enormous increase in US Treasury Bonds reserves held by Belgium. As you can appreciate in the chart above, Belgium has, in a few months, increased its reserves of US Treasury Bonds by more than 70%. This, for a country like Belgium, does not make any sense and it is suspected that those bonds belong to somebody else. Mr. Smith floats the theory that the real buyers of US Bonds would be the International Monetary Fund (IMF) and the Bank for International Settlements (BIS), as part of a long term plan to displace the US Dollar and introduce the IMFs Special Drawing Rights (SDR) as the New World Order’s new global currency. Of course, he cannot prove his case, but the article is interesting nevertheless.

Breakfast inflation

One of the least discussed and at the same time most important aspects of this economic crisis is the discrepancy between official inflation measures used by the FED, the Consumer Price Index( CPI) and, specially, Personal Consumer Expenditures (PCE), and the real inflation experienced by real people. One example of this last real inflation is the cost of a breakfast as measured by the Breakfast Beverage Index, that is at its highest level in 2 years. If you want to learn more about how inflation is mismeasured and misrepresented in the USA, visit Shadowstats.

Source: Bloomberg

“There Is No Consent For A United States Of Europe”

In a speech in the European Parliament, Nigel Farage, leader of the UK Independence Party (UKIP) attacks the idea of creating the United States of Europe: “The whole European project is based on a falsehood… and it’s a dangerous one.. because if you try to impose a new flag, a new anthem, a new president, a new army, a new police force; without first seeking the consent of the people you are creating the very nationalisms and resentment that the project was supposed to snuff out.”. We agree.

All guns, not much butter

When thinking about the USA it is easy to fall for the idea that it is the wealthiest country in the world and that it would be difficult for people to hunger there. Reality is different. As the article published by Zerohedge illustrates, 21% of the USA population can’t afford food. In contrast, the USA accounts for 42% of the world’s military spending. Guns, but not much butter.military_spending_big.png