Russia Deploys Exotic New Weapon: A “Budget Surplus”

By John Rubino – Re-Blogged From Dollar Collapse

The price of oil is rising, which is obviously good news for those who sell it to the rest of us. Russia in particular seems to be enjoying the current trend, so much so that — if I’m understanding this correctly – Moscow is now receiving more in taxes than it’s spending. This is producing something called a “budget surplus,” which is a kind of currency war weapon that can be deployed to improve a country’s geopolitical position. Here’s a quick overview:

Russia To See Oil Revenues Jump Fivefold

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Making Travel Plans

By David Lieberman – Re-Blogged From Heartland Newsfeed

There are many decisions that you can expect to make in your travel plans. Sometimes that preparation is part of the fun of the trip. This article has many helpful hints and pointers on making traveling arrangements and plans to help you stay focused on the fun and less on the stress.

Before you go anywhere, check if you have any of those extra rewards miles on your credit card. These miles can really help you save money and you might not even know that you have all these reward miles on your car. So next you go anywhere, check your resources.

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Uncle Sam Issuing $300 Billion In New Debt This Week

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

US needs to borrow almost $300 billion this week alone
– This is the largest debt issuance since 2008 financial crisis
– Trump threatens trade war with its biggest creditor – China
– Bond auctions have seen weak demand due to large supply and trade war concerns
– $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months
– US total national debt level now exceeds $21.05 trillion and is accelerating higher
– U.S. debt and dollar crisis coming which will propel gold higher (see chart)

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‘Nuclear Option’ to End Shutdown

By Associated Press – Re-Blogged From Newsmax

Feuding Democrats and Republicans in Congress are trying to dodge blame for a paralyzing standoff over immigration and showing few signs of progress on negotiations needed to end a government shutdown that stretched into a second day Sunday.

The finger-pointing played out in rare weekend proceedings in both the House and Senate, where lawmakers were eager to show voters they were actively working for a solution — or at least actively making their case why the other party was at fault. The scene highlighted the political stakes for both parties in an election-year shutdown whose consequences are far from clear.

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President Trump and Ambassador Haley Cut United Nations Funding by Almost $300 Million, Globalists Explode

Re-Blogged From iPatriot

U.S. Ambassador to the UN Nikki Haley is having the week of her career, and inspiring many patriotic Americans while she’s at it.

Haley has an undoubtedly difficult job.  Her role as a liaison between the increasingly populist Trump administration and the evermore globalism-based United Nations puts the ambassador between a rock and a hard place.  Filled with glass.  And bees.  Barefoot.

Trump Suggests Eliminating the Debt Ceiling – Dollar Falls

By Clint Siegner – Re-Blogged From Money Metals Exchange

Those who paid any attention to the financial press last week saw the following narrative; President Donald Trump betrayed Republicans by cutting a deal with Democrats Nancy Pelosi and Charles Schumer. They agreed to punt on the borrowing cap until December and spend $15 billion for hurricane relief.

Americans are supposed to conclude that Trump is flip-flopping, and that Republicans aren’t responsible. Dig just a little, and you’ll find only one of those things is true.

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Illinois Bankruptcy Acknowledged by the Mainstream Media

By Joe Scudder – Re-Blogged From Eagle Rising

The fact that Illinois bankruptcy is practically inevitable finally gets reported on.

There are signs of Illinois bankruptcy everywhere. The gridlock in the state legislature may be a cause of it, but it is more significant as a symptom. The Democrat-dominated system has broken down because there is no money left. The usual compromises don’t work anymore because they cost too much.

Another sign is that both Powerball and Mega Millions are halting business in Illinois because the state can’t afford to pay off winners. They’re afraid continuing in Illinois will wreck their reputations.

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