In Beijing, China’s reclusive powerbrokers were taking a decision that could have devastating consequences, for when the world’s financial markets opened yesterday, it was to the news that China had devalued its currency for the second successive day.

Having already cut the value of the yuan by almost 2 per cent on Tuesday, the People’s Bank of China announced yet another cut yesterday, sending shock waves through the world economy. ‘Investors should prepare for a tidal wave of deflation from Asia,’ said one analyst at the banking giant Societe Generale. ‘This is the start of something big, something ugly.’

She is using the current refugee crisis in Germany to arouse sympathy for the Bundeswehr’s interventions. However, with its aggressive foreign policy, Germany is actively helping create the causes for people to flee. A prime example is the Federal Republic of Germany's Afghan policy since the 1980s. Together with other western governments, Bonn had exacerbated the Afghan civil war with its support for the Mujahidin. Millions of Afghans had to flee the country and Afghanistan has never recovered from its political, economic, and social devastation.

The Bundeswehr's deployment in Afghanistan, which began in 2001 and whose main Mission was ended last year, has provoked a new wave of refugees.

Just who else might be deemed a serious threat to these values has been unclear, but last week a Conservative MP attempted to clarify the issue for a constituent who wrote to him, asking if it was true that EDOs could be used to silence people with traditional views about marriage. “No, no,” Mark Spencer replied: “I believe that everybody in society has a right to free speech and to express their views without fear of persecution. The EDOs will not serve to limit but rather to guarantee it: it is those who seek to stop other people expressing their beliefs who will be targeted.”

Taking the hypothetical case of a teacher who does not agree with the concept of same-sex marriage he reassured the letter writer that “teachers will still be completely free to express their understanding of the term ‘marriage’, and their moral opposition to its use in some situations, without breaking the new laws.” But then Spencer added: “The EDOs in this case would apply in situations where a teacher was specially teaching that gay marriage was wrong.”

In other words if a teacher goes beyond saying to a class, “Well, er, I don’t agree with it,” and tells them, “Marriage can only be between a man and a woman,” that teacher is an extremist and should be hauled before a judge to answer for it. This could well be the plight of a teacher in a Catholic school which, by definition, would be obliged to teach the Church’s doctrine on marriage if it was going to say anything on the subject at all.

The spending includes more than 100 publications, over 1,000 videos as well as cartoons, colouring books and other educational materials intended to promote EU values to children. Matthew Elliott, the chief executive of Business for Britain, said: "With UK taxpayers contributing more and more to the EU Budget, it is staggering that the European Institutions are throwing away our hard-earned money on propaganda promoting the European project.

"Indoctrinating children in classrooms and funding EU-friendly NGOs is a completely inappropriate use of taxpayers’ money when budgets are being cut at home. When Parliament debates the EU Referendum Bill in the autumn, it is vital that MPs prevent the EU from using its huge PR budget to brainwash voters and insidiously influence the result.” The report, which went through European budgets on a line-by-line basis, established that the EU spent £560 million directly on promotions and communications.

However, the figure is likely to be conservative as many promotional activities are included in larger budgets and not detailed separately.

The Animus River runs through the middle of a town called Durango, where the economy is largely reliant on tourism from the local rafting industry. They also rely on the Animus River for part of their drinking water and irrigation. Durango has been deeply impacted since the spill last Wednesday, when the river was declared a public health hazard and closed.

"Before you all get too exercised about the evil capitalist pigs that own the Gold King mine, if you wanted to serve a subpoena on them you'd have to dig them up first. The mine dates from the late 1800s. It was plugged decades ago but leaked into a nearby creek. EPA tried to insert pipes through the portal plug to drain the naturally occurring water from the old mine. They inadvertently caused the entire plug to collapse, releasing the water.

They had NO emergency backup plan, WORSE, they had no idea of the amount of water behind the headwall, or the composition of the water. Their incompetence has threatened numerous towns and cities downstream, closed down all recreation on the river, and potentially threatens drinking water supplies hundreds of miles downstream. Authorities this afternoon announced the waste contains arsenic, lead and cadmium, likely to kill off the fish and threaten other wildlife that depend upon the river.”

"For years everyone has been advised to cut out fats,” said study lead author Doctor Russell de Souza, an assistant professor in the Department of Clinical Epidemiology and Biostatistics, at McMaster University in Canada. "Trans fats have no health benefits and pose a significant risk for heart disease, but the case for saturated fat is less clear.

"That said, we aren't advocating an increase of the allowance for saturated fats in dietary guidelines, as we don't see evidence that higher limits would be specifically beneficial to health." Saturated fats come mainly from animal products, such as butter, cows' milk, meat, salmon and egg yolks, and some plant products such as chocolate and palm oils. In contrast trans unsaturated fats or trans fats - are mainly produced industrially from plant oils for use in margarine, snack foods and packaged baked goods.

However the new research which looked at 50 studies involving more than one million people found there was no evidence that saturated fat was bad for health. It backs up recent research from the University of Cambridge that found saturated fat in dairy foods might protect against diabetes.

When the story appears in the Washington Post, guess who gets more copy – more precedence, higher priority. The anti-Semitic harangues of Muslim women against Jews? Or the counter-affront to Muslims by the Jewish mother? The answer is easy for readers of the Post and its coverage of Israel. The incident atop Temple Mount is woven by Jerusalem bureau chief William Booth into an Israel-bashing dispatch – the latest Booth piece to slam Israel (“Israel’s new, young Jewish extremists – A 20-year-old mom is known for provocations in bid to remake nation,” page A6).

What happened on the sacred soil of Temple Mount is utterly reprehensible on both sides – whether it’s shouting “Death to Jews” or blackening the prophet Muhammad as a pig. But Booth doesn’t treat it as such. His interest is almost entirely to blow up a Jew maligning Muhammad as symbolic of rising Jewish extremism in the Holy Land.

From a journalistic standpoint, it’s perfectly defensible to highlight Israeli stains. But where is the coverage of unrelenting Palestinian corruption, incitement, and misrule in Gaza and/or in the West Bank? That’s the real journalistic flaw in the Post’s coverage. It’s what’s glaringly missing – whether it’s Hamas torturing Fatah members in Gaza or Mahmoud Abbas countering in kind against Hamas activists in the West Bank. And both of them trotting out the vilest narratives against Jews.

Half a page devoted to “Jewish extremists” – but kid-glove treatment of the Palestinian side. Objective journalism calls for coverage of all sides through the same penetrating lens – an objective sadly lacking in the pages of the Post and the dispatches of Jerusalem correspondent William Booth.

In a letter to Mr Ryde, the BBC confirmed that after considering his points, it had added a line stating that the riot “occurred on the Jewish fast day of Tisha B'Av, which commemorates the destruction of the Biblical Jewish Temples on the compound, and which traditionally draws larger numbers of Jewish worshipers to the site.”

Mr Ryde said he was glad that the article had been altered, but that the corporation’s response “wasn’t stunning”. “They phrased it as Jews just happening to meet up in that area, making it seem like an aggressive operation rather than just Jews going there to pray,” he said.

If the change had not been made, Mr Ryde believed “it would’ve appeared that the police just went on to the Temple Mount for no reason. From this point of view it was done in defence of people who had a right to be up there.”

Speaking to TheBlaze using smartphone messenger application Kik, a representative for the Islamic State Hacking Division said the group is constantly spying on US servicemen. The organization on Tuesday published personal information purporting to belong to US military and government online. “Just like they spy on Muslims, we are spying on them, watching their employees, watching their soldiers, recording their movements and taking their location information and passing it on to the soldiers of the Islamic state,” the anonymous male member told TheBlaze.

“The brothers don’t need to attack them in military bases or secured buildings,” the hacking group member added. “they can now turn up in their houses. In their homes. this is war, what did you expect? u think u can bomb the Islamic state and we don’t do nothing back? soon, very soon you will see.” When asked exactly what could be expected to be seen “soon,” the member replied, “you will see when US military and government personnel start getting beheaded in their homes.”

Let me be clear on this: Once ruling hierarchies get beyond a certain point, they cannot be reformed. And I am sure that the modern West is beyond that point.

• Do we really believe that central bankers will just lay down their monopolies?

• Can we seriously expect a hundred trillion dollars of debt to be liquidated without any consequences?

• Do we actually believe that politicians will walk away from their power and apologize for abusing us?

• Do we really think that the corporations who own Congress will just give up the game that is enriching them?

• Does anyone seriously believe that the NSA is going to say, “... that Fourth Amendment really is kind of clear, and everything we do violates it… so, everyone here is fired and the last person out will please turn off the lights”?

• And does anyone believe that the military-industrial complex will stop encouraging war, or that corporate media will stop worshiping the state, or that your local sheriff will apologize for training his cops to be vicious beasts?

• Do we really believe that public school systems will ever stop lauding the state that pays all its bills?

I could go on, but I think my point is made: This system will never allow itself to be seriously reformed. Trying to fix this is like trying to revive a long-dead corpse. The systems that rule the West will fail.

Fast forward to the morning of August 11 when in a virtually identical stunner, the PBOC itself admitted defeat in the currency battle, only unlike the SNB, the Chinese central bank had struggled to keep the Yuan propped up, at the cost of nearly $1 billion in daily foreign reserve outflows, which as this website noted first months ago, also included the dumping of a record amount of US government treasurys.

And with global trade crashing, Chinese exports tumbling, and China having nothing to show for its USD peg besides a propped and manipulated stock "market" which has become the laughing stock around the globe, at the cost of even more reserve outflows, it no longer made any sense for China to avoid the currency wars and so, first thing this morning China admitted that, as Market News summarized, the "PBOC lost Battle Over Yuan."

That's only part of the story though, because as MNI also adds, the real, global currency war is only just starting.