U.S. Relations With China Just Were Destroyed

By Michael Snyder – Re-Blogged From http://themostimportantnews.com

Our relationship with China just went from bad to worse, and most Americans don’t even realize that we just witnessed one of the most critical foreign policy decisions of this century. The U.S. Senate just unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the Chinese are absolutely seething with anger. Violent protests have been rocking Hong Kong for months, and the Chinese have repeatedly accused the United States of being behind the protests. Whether that is true or not, the U.S. Senate has openly sided with the protesters by passing this bill, and there is no turning back now.

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Engineer Finds Way to Pull Diseases From Blood Using Magnets

By Kristin Houser – Re-Blogged From Futurism
“In theory, you can go after almost anything. Poisons, pathogens, viruses, bacteria…”

A British engineer has found a way to filter unwanted cells from blood using magnets — and his tool could be used in clinical trials as soon as next year.

Thanks to existing research, biochemical scientist George Frodsham knew it was possible to force magnetic nanoparticles to bind to specific cells in the body. But while other researchers did so primarily to make those cells show up in images, he wondered whether the same technique might allow doctors to remove unwanted cells from the blood.

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China, US to Hold Trade Talks in October

By Reuters – Re-Blogged From IJR

China and the United States on Thursday agreed to hold high-level talks in early October in Washington, boosting markets as investors hoped for a thaw in the trade war between the world’s two largest economies that has taken a toll on global growth.

The meeting was arranged during a phone call between Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China’s commerce ministry said in a statement on its website. China’s central bank governor Yi Gang was also on the call.

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US Moving to Block California Vehicle Emissions Rules

By Reuters – Re-Blogged From IJR

Two U.S. agencies are preparing to submit for final White House regulatory review a plan to revoke California’s authority to set its own vehicle greenhouse gas standards and declare that states are pre-empted from setting their own vehicle rules, two people briefed on the matter said on Thursday.

The Environmental Protection Agency in August 2018 proposed revoking a waiver granted to California in 2013 under the Clean Air Act as part of the Trump administration’s plan to roll back Obama-era fuel economy standards through 2025.

FILE PHOTO: Morning commuters travel in rush hour traffic towards Los Angeles, California, U.S., March 20, 2019. REUTERS/Mike Blake
FILE PHOTO: Morning commuters travel in rush hour traffic towards Los Angeles, California, U.S., March 20, 2019. REUTERS/Mike Blake

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China or US?

By Alasdair Macleod – Re-Blogged From Gold Money

China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong Kong is misleading. China is progressing her own plans, and they do not require an accommodation with America. With Russia in tow, she is now the chief foreign influencer for up to three-quarters of the world’s population, so it is American hegemony that’s being backed into a corner.  One day, this will be reflected in a currency shoot-out. This article concludes that the dollar is more at risk than the yuan, the opposite of perceptions in western capital markets.

Introduction

In the undeclared war between the US and China, the focus has been on the obvious battles. Huawei has been badly wounded but looks like surviving. The trade tariff battle continues and the battle in Hong Kong is ongoing and yet to be resolved.

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US CO2 Emissions Fall Under Trump, While the World Increases #MAGA

Mike Bastasch at the Daily Caller – Re-Blogged From WUWT

Greenhouse gas emissions continued to plummet during President Donald Trump’s first year in office, according to new Environmental Protection Agency (EPA) data.

  • U.S. greenhouse gas emissions fell 2.7 percent from 2016 levels, according to the EPA.
  • Emissions on a per-capita basis hit a 67-year low last year, federal data shows, and supporters are touting EPA’s data as proof Trump’s agenda is working.
  • EPA’s new data comes on news that, globally, greenhouse gas emissions are set to rise to historic highs by the end of the year, despite nearly 200 countries signing the Paris climate accord.

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Is Canada’s Health Care System Better Than Ours in the US?

By Carlin Becker – Re-Blogged From IJR

Health care is always on Americans’ minds, and the politics around keeping people insured and healthy, cutting costs and providing high-quality care remains a critical issue.

While some have argued for deregulating the health care industry, insisting less red tape and more competition would yield better results, others on the political spectrum have pushed for a government-run system reminiscent of our neighbors to the north — but is Canada’s health care system really better than ours?

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Artificial Intelligence, Or Can Machines Think?

By Alasdair Macleod – Re-Blogged From Goldmoney

Artificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly if your side loses).

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China Imposing New Tariffs on US Meat, Fruit, Other Products

By Thomson Reuters – Re-Blogged From Newsmax

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.

The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.

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Russia Revisits an Old Cold War Battleground

Re-Blogged From Stratfor

Highlights

  • The Wagner Group, a private military company with ties to the Kremlin, may secure military contracts in Sudan and the Central African Republic.
  • Military engagement with Russia will enable Sudan to maintain a greater balance in its foreign policy.
  • Entering the Central African Republic will allow the Kremlin to earn more cash and drum up more business across the continent.

Decades after competing for influence on the continent with the United States and its allies, Russia is taking a renewed interest in Africa.

(gabriel_bostan/iStock)

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The Story of Christmas Is a Chorus, Not a Carol

David D. Judson   By David D. Judson – Re-Blogged From Stratfor

In light of the Christmas holiday celebrated in several parts of the world on Dec. 25, Stratfor is running this analysis originally published in 2015.

The joy of children, the sharing of gifts with loved ones on a sacred day, the renewal of faith. These elements of a holy day are not the normal fare of Stratfor — we normally devote ourselves to the study of geopolitical power and not to the intangibles of human experience. One day a year, however, we can set aside our professional detachment to tell a Christmas story. And there are many Christmas stories. It is a holiday with deep and diverse roots and one that has, by the 21st century, become truly global — and for that matter, geopolitical. And so I will share my own, with a bit of context. I hope that readers will indulge me in this small departure, one that I think comports with the way Stratfor views the world and its complexities.

Christmas in the Middle East

(GALI TIBBON/AFP/Getty Images)

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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.

When the Black Market Becomes the Real Market

By Jeff Thomas – Re-Blogged From International Man

For many years, I’ve described black markets not as the evil danger to economies that governments profess them to be, but as predictable and sensible reactions to the overregulation of official markets.

Black markets appear whenever an official market has become overregulated or otherwise unworkable due to governmental interference. They then thrive in direct proportion to the failure of official markets to function freely. They are, in fact, both a barometer and a checks-and-balances system for official markets.

Back in 2008, I commented on the growth of the black market in Zimbabwe, as that country slid from inflation to hyperinflation. At that time, the people resorted to the use of other currencies (most notably the US dollar) as black market currency. The government, desperate to force their people into the dying Zim dollar, made it illegal to use the US dollar, but this hardly made a dent in the use of what was clearly a more stable currency. The ban on the US dollar only succeeded in driving it underground. Commerce did not grind to a halt, and money did not cease to change hands. The only real change was that the Zimbabwean government was taken out of the monetary loop.

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An Empire Self-Destructs

By Jeff Thomas – Re-Blogged From International Man

Empires are built through the creation or acquisition of wealth. The Roman Empire came about through the productivity of its people and its subsequent acquisition of wealth from those that it invaded. The Spanish Empire began with productivity and expanded through the use of its large armada of ships, looting the New World of its gold. The British Empire began through localized productivity and grew through its creation of colonies worldwide—colonies that it exploited, bringing the wealth back to England to make it the wealthiest country in the world.

In the Victorian Age, we Brits were proud to say, “There will always be an England,” and “The sun never sets on the British Empire.” So, where did we go wrong? Why are we no longer the world’s foremost empire? Why have we lost not only the majority of our colonies, but also the majority of our wealth?

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Mexico Warns U.S. of Alternatives on Trade, Points to China

By Thomson/Reuters – Re-Blogged From Newsmax

Mexico sent a stark message to U.S. President Donald Trump on Thursday, saying an upcoming visit by officials from Latin America’s No. 2 economy to China made it clear it had many other export markets if he tore up the NAFTA trade deal.

The North American Free Trade Agreement (NAFTA) underpins Mexico’s economy, prompting the government to try and diversify away from the United States, which takes 80 percent of its exports. Mexico runs a sizeable trade deficit with China, the destination of about 10 percent of its exports.

Trump indicated, in an interview with The Economist published on Thursday, that he wanted to get the U.S.-Mexico trade deficit down to about zero. He wants to renegotiate NAFTA to get a better deal for U.S. companies and workers, and has threatened to end the agreement if he does not get his way. Talks are expected to start later this year.

Business Cycles Are Credit Cycles

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit. It draws on the author’s submission of evidence to the UK Parliament Treasury Committee’s enquiry into the failure of monetary policy in the wake of the 2008 crisis.

Summary

  • It is incorrectly assumed that business cycles arise out of free markets. Instead, they are the consequence of the expansion and contraction of unsound money and credit.
  • Monetary inflation transfers wealth from savers and those on fixed incomes to the banking sector’s favoured customers. It has become a major cause of increasing disparities between the wealthy and the poor.

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China and North Korea

Re-Blogged From http://www.Stratfor.com

As diplomacy breaks down on the Korean Peninsula, all eyes are fixed on a pair of events that stand to either worsen or ease the tension mounting between the United States and North Korea. On April 25, North Korea celebrated the 85th anniversary of its military’s establishment, an occasion that has been accompanied by missile tests in the past and that now comes as expectations of a sixth nuclear test by Pyongyang rise. Then, three days after the North Korean military’s birthday, the U.N. Security Council will convene to discuss the country’s persistent march toward a demonstrable long-range nuclear weapons capability. And as the threat emanating from North Korea grows, Washington will be more and more likely to use the summit to call for heavier sanctions against its belligerent adversary.

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End of Empire

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

In last week’s Insight article, America’s Financial War Strategy, I described how the Chinese government viewed the geopolitical scene. It is clear from earlier remarks by the Peoples Liberation Army’s senior strategist, Major-General Qiao Liang, that the view in Beijing is that America perpetuates her empire through the financial benefits to America from America’s actions against other nations, friend or foe. These actions can be either military or financial, or even both. This week, similar views were expressed in Moscow by Sergey Glazyev, a senior advisor to President Putin.

There are many questions that arise from last week’s analysis that I chose not to address, in the interest of focusing on the main theme. It concentrated on geopolitics and economics as the Chinese see them, financial and currency issues mentioned in passing. This article addresses perhaps the most important subsidiary issue, and that is how China visualizes the future, in terms of monetary policy.

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EU Crisis Becoming Existential…Dutch Vote Tomorrow And Why It Matters

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

The leader of the National Front in France, Marine Le Pen, has hailed Britain’s decision to leave the EU – and has called for France to hold a similar referendum

The EU is facing an existential crisis and does not look like it will survive the massive political and financial challenges it is faced with. This has ramifications for investors in the EU itself and globally as the collapse of one of the world’s largest trading blocs will badly impact already fragile global economic growth and increasingly “frothy” looking financial markets – particularly stock and bond markets.

The existential crisis facing the EU, the Dutch elections tomorrow and the coming elections in France and Germany and the risks increasingly likely EU contagion poses to Asian economies and the global economy is considered by True Wealth’s Kim Iskyan today:

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Central Banks And Gold

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually lead to a new policy direction. For now, that is undecided, beyond a growing acceptance that today’s monetary policy does not work and the assumptions of recent decades, that gold as money should be phased out, might have been a mistake.

The idea, that Western central banks could banish gold from the monetary scene over time, has been disrupted by the persistence of Asian demand, fuelled by the remarkable economic progress of ex-communist states embracing capitalist methods. Western financial markets have hardly begun to grasp the wider implications of the shift in economic power from the heavily-indebted welfare economies, to China, Russia and other members of the Shanghai Cooperation Organisation, and their consequences for gold.

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Is 50% Of Western Central Bank Gold Gone?

By Egon von Greyerz – Re-Blogged From http://www.Gold-Eagle.com

We have recently had some significant news about the sovereign gold market that makes the lack of clarity even more unclear. Central banks and the BIS in Basel go to great length to tell the world absolutely nothing about their gold dealings. All transactions are carried out covertly and no central bank ever has an official audit of their gold holdings. The last US audit was during Eisenhower’s days in the 1950’s. Ron Paul has been pushing for an audit but to no avail. Will Trump instigate an audit? Well, he might have the intention but when he finds out that a major part of the US 8,000 tons of gold is not there, it will all go quiet. There have been pressures for audits in France and Germany in later years but this has had no effect. No country wants to reveal that the gold isn’t there.

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Leaked: Trump’s Next Executive Order – “Eliminate the Welfare Magnet Driving Illegal Immigration”

By Tim Brown – Re-Blogged From Freedom Outpost

Now, this will do more to eliminating illegal immigration than anything else, including a wall that costs American taxpayers billions of dollars and increases the size of the central government in border patrol agents. A leaked draft of an executive order by President Donald Trump indicates that he is looking to eliminate the welfare state for illegals, which is nothing more than dangling a carrot in front of them to cross the southern border on the American taxpayers’ dime.

The Washington Post reports:

The Trump administration is considering a plan to weed out would-be immigrants who are likely to require public assistance, as well as to deport — when possible — immigrants already living in the United States who depend on taxpayer help, according to a draft executive order obtained by The Washington Post.

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A Better Solution Than Trump’s Border Wall

By Ron Paul – Re-Blogged From Freedom Outpost

Just one week in office, President Trump is already following through on his pledge to address illegal immigration. His January 25th executive order called for the construction of a wall along the entire length of the US-Mexico border. While he is right to focus on the issue, there are several reasons why his proposed solution will unfortunately not lead us anywhere closer to solving the problem.

First, the wall will not work. Texas already started building a border fence about ten years ago. It divided people from their own property across the border, it deprived people of their land through the use of eminent domain, and in the end the problem of drug and human smuggling was not solved.

Second, the wall will be expensive. The wall is estimated to cost between 12 and 15 billion dollars. You can bet it will be more than that. President Trump has claimed that if the Mexican government doesn’t pay for it, he will impose a 20 percent duty on products imported from Mexico. Who will pay this tax? Ultimately, the American consumer, as the additional costs will be passed on. This will, of course, hurt the poorest Americans the most.

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Britain Needs Trump for Smooth Brexit

By John Browne – Re-Blogged From Euro Pacific Capital

At the Washington joint press conference with Prime Minister May held on January 27th, President Trump told the watching world, “Brexit is going to be a wonderful thing.” The meeting did much to clear the way for Britain to stand alone and enter trade with the United States without the European Union (EU). Their talk of a U.S.-UK free trade agreement could do much to ease the fears of some key English Members of Parliament and counterbalances the fears that Britain will be punished by a bitter EU. The positive meeting occurred at a fortuitous moment. Only four days prior, the UK’s Supreme Court had ruled that Parliamentary approval must be specifically obtained before Her Majesty’s Government can sign trigger negotiations to exit the EU.

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Hard Brexit Cometh

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

U.K. Prime Minister Theresa May confirmed the UK will have a “Hard Brexit” and will leave the European Union’s single market while seeking a new arrangement on the customs union.

May warned EU politicians that the UK is prepared to crash out of the EU if it cannot negotiate a reasonable exit deal in a speech where her tough talking rhetoric prompted key figures in Brussels to say that the country was on track for a “Hard Brexit”.

The prime minister told EU counterparts that any attempt to inflict a punitive outcome on the UK would be an “act of calamitous self-harm” for the EU because the UK would retaliate and slash taxes to attract companies from across the world.

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Energy and Society from now until 2040

By Andy May – Re-Blogged From http://www.WattsUpWithThat.com

ExxonMobil released its 2017 Outlook for Energy, A View to 2040 in mid-December. David Middleton has written that the report reveals wind and solar will supply a whopping 4% of global energy by 2040! He also reports that wind and solar capacity will grow, but we will only be able to utilize 30% of the wind capacity and 20% of the solar capacity due to their intermittent nature. This is true, but the report has much more to say and this year the nomination of ExxonMobil CEO Rex Tillerson for Secretary of State makes it even more important. Here we will cover some the other numbers in the report.

The cost of energy is closely correlated to standard of living. In addition, it has often influenced major political decisions, like Germany’s decision to invade Russia or Japan’s decision to bomb Pearl Harbor in World War II. Figure 1 shows the relationship between per capita GDP (one standard measure of standard of living) and annual per capita electricity consumption for 218 countries in the CIA Factbook. Excluding the anomalous countries listed in the upper right of the figure the R2 is acceptable. The least squares line suggests that each 0.2 kWhr/person of electricity consumed annually can raise GDP by one dollar per person. Obviously, other factors are important also, but the trend suggests that per capita GDP is positively influenced by the electricity consumed or that countries with a higher standard of living use more electricity.

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This Is Where I Get Off

By Jeff Thomas – Re-Blogged From http://www.Silver-Phoenix500.com

We began writing on the War On Cash some time ago, when it was still just a theoretical ploy that we believed banks and governments were likely to employ as their economic adventurism continued to unravel.

But, in the last year, several countries have, as a part of the War On Cash, begun removing larger bank notes from circulation in order to force people to perform all economic transactions through the banking system, assuring that the banks would gain total control over the movement of money.

Of course, the banks could not admit their true goal to the public. They instead used the governments to claim that the measure was being undertaken to restrict crime (money laundering, drug deals, black marketing, terrorism, etc.)

Recently, without any fanfare, ATM’s in Mexico have ceased issuing the 500 peso note US$24). The largest note is now the 200 peso note (US$10).

At about the same time, Citibank in Australia declared that it will no longer accept coins or banknotes.

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Donald Trump Foreign Policy Strategy – AWESOME!

By Joe Scudder – Re-Blogged From http://www.Constitution.com

While everyone mocked or reviled the Trump foreign policy positions, I couldn’t be happier with how things are going. In the first place, rather than go to war with Russia to defend terrorists, Trump plans to work with Vladimir Putin to destroy ISIS.

According to the Mirror,

President-elect Donald Trump and Russian leader Vladimir Putin have vowed to tackle ISIS together after holding breakthrough talks on the telephone.

Less than a week after the billionaire’s election, the Kremlin said Putin called Trump yesterday to begin negotiations over how best to tackle to terrorism.

The Russian is reported to have said he is ready for dialogue with the US “on the basis of mutual respect, non-intervention into each other’s internal affairs”.

According to the news agency Kremlin, Putin and Trump have agreed to “work to channel bilateral relationships into constructive cooperation, to combine efforts to tackle international terrorism and extremism, and to continue contact by telephone and to work towards meeting in person.”

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Divergent Themes In Late 2016

By Andy Sutton & Graham Mehl – Re-Blogged From http://www.Silver-Phoenix500.com

Despite the arrogance, hubris, and lying (obviously – its election season!), we have never seen a cycle that has be more absent in terms of policy details worthy of analysis. Outrageous claims about job creation, making America strong, and so forth are issued, but there is no substance. We have tried on numerous occasions to find enough specifics to even perform cursory analysis and it is just not there. It is very reminiscent of Nancy Pelosi telling America in 2010 that if they wanted to read the healthcare bill they had to pass it first. This is what passes for economic jurisprudence in the Republic the founders gave us all those years ago.

Rest easy good friends, this is not an article about the election. Andy said he’d rather watch goat races in Antarctica and frankly we think many people might be inclined to join us rather than hear another word about the election. We have long stated that this country will not rise from the ashes by the presence of a single person at the top, but rather from the millions below. That’s where the power is.

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Globalization Faces Challenges

By John Browne – Re-Blogged From http://www.Silver-Phoenix500.com

For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and inevitable that the world economy would continue to integrate and that national boundaries would become less constraining to commerce and culture. And with the exception of the eternal “anti-globalization” protesters, who robotically appeared at large gatherings of world leaders, the benefits of globalization were widely lauded by politicians, corporate leaders and rank and file citizens alike. But a casual glance at the world headlines of 2016 suggests that the belief in globalization has crested, and is now in retreat. What are the consequences of this change?

International trade has existed for millennia. But few modern historians would characterize the trade caravans that crossed the Himalayas and the Sahara as sources of international conflict. Rather, they are widely seen as a useful means to bring goods that were plentiful from one region to other regions where they were scarce. Along the way, routes like the Silk Road in Asia created a great number of positive secondary benefits in culture and politics. But relatively modern developments such as ocean-going sailing ships, modern navigation, and steam and diesel power, have greatly increased the size and scope of trade. Globalism was also boosted rapidly by technological advances in communications, including intercontinental jet travel, fax machines, satellite telephones, the Internet, real time money transfers and massive investment flows to international and emerging markets.

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Government Stimulus is an Oxymoron

By Michael Pento – Re-Blogged From PentoPort

The accumulation of Debt, at its very essence, is simply borrowing consumption from the future. And this is true on any level of debt, be it either public or private. Just as savings is deferred consumption, the exact opposite is true for debt. Therefore, it can only be beneficial in the long-term if it leads to an expansion of productivity in the present. If the funds borrowed do not improve output per unit of labor it is much more difficult to pay back that debt and any perceived benefit ends up being nothing more than an ephemeral illusion.

This is the reason why public debt is the most pernicious variety. The problem with government spending is that it mostly amounts to little more than hole-digging and filling. Borrowing money to pay people to empty the ocean onto the beach may temporarily increase employment and demand in the economy. But since this is merely state directed busy work, it does not grow the economy and expand productivity. Thus, the result is a rise in the debt to GDP ratio.

The 2008 financial crisis led to the passage of the Troubled Asset Relief Program, referred to as TARP, the American Recovery and Reinvestment Act and a rapid increase in government transfer payments, which produced multiple years of record deficits. The accumulation of those deficits sent the U.S. National debt to GDP ratio leaping from 64% in 2007, to over 104% today.

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American Journalist MURDERED for Exposing Turkish Support of ISIS?

By Tim Brown – Re-Blogged From Eagle Rising

Nearly a year ago, Luke Rudkowski of We Are Change reminded us that it had been a year since journalist for Press TV Serena Shim was apparently murdered for exposing the Turkish government’s assistance of ISIS.  However, what Shim had been reporting on concerning Turkey and Syria was dubbed as a “conspiracy theory” by many, but has now been proven to be factual.

Just to remind everyone about Ms. Shim, take a look at the video produced by Rudkowski.

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Wars And Rumors Of Wars

By David Haggith – Re-Blogged From http://www.Gold-Eagle.com

Wars and rumors of wars are now filling the headlines as listed below with the most immediate top-level rumors of war being created by Russia among its own citizens.

Rumors of wars directly from the Kremlin

As tensions between the US and Russia have reached their highest since the Cold War, Russia denounced American duplicity last week and asked its own citizens whether they are ready for a nuclear attack. The Russian government cautioned people to know where their nearest bomb/fallout shelters are and know where their gas masks are in a drill that involved 40 million Russians. The Russia defense ministry explained to the public how the government would run under military control in the event of war. Russia deployed additional nuclear missiles in response to the US missile shield in Eastern Europe and tested new intercontinental ballistic missiles. Not bad for a week’s news. (ABC News)

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How Not To Manage A Currency

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps intellectual arrogance on the part of the Bank of England’s Monetary Policy Committee. The MPC in turn is not and cannot be independent from the influence of Mark Carney, the Bank’s Governor, who made the expensive error of intervening in the Remain campaign.

Many commentators are saying that sterling was over-valued, and the fall will stimulate exports. But value is wholly subjective, and not formulaic, as the ivory-tower economists would have us believe. The idea of stimulating exports through lower currency rates overlooks the depressing effect of the transfer of wealth it triggers from ninety per cent plus of the population, in favour of foreigners and owners of export businesses. That is the point about stagflation.

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Can You Imagine The Fed Raising Rates In This World?

By John Rubino – Re-Blogged From Dollar Collapse

I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense and legitimate, and we should respond with at least a bit of empathy.

Just kidding. It’s schadenfreude all the way down.

The Fed in particular has painted itself into a very tight corner with its never-ending threats to raise interest rates while the rest of the world is still cutting. Millions of words have been written about its reasons for behaving this way and the difficulties of the road it has chosen. But for now it’s enough to note that Yellen et al are still at it, dropping hints that come October rates are really, seriously going up because the US is a healthy, well-run country whose borrowers should borrow more and whose voters should reward incumbent politicians with four more years!

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What The Media Is Not Telling You About The Captured Afghan Terrorist And Where He Learned His Terror Trade

By Walid Shoebat – Re-Blogged From http://www.FreedomOutpost.com

(Note: If pictures/videos don’t display, please go to link at bottom of page. -Bob)

We now know that the Chelsea bombing and other bombings suspect Ahmad Khan Rahami was trained in Afghanistan and slipped the eye of the intelligence. Investigators first identified Rahami Sunday afternoon by identifying him through a fingerprint. The cell phone on the pressure cooker device was also found.

A man who described himself as a childhood friend of Rahami told the Herald the suspect had made a life-changing trip to Afghanistan two years ago.

“At one point he left to go to Afghanistan, and two years ago he came back, popped up out of nowhere and he was real religious,” friend Flee Jones, 27, said of suspect Ahmad Khan Rahami. “And it was shocking. I’m trying to understand what’s going on. I’ve never seen him like this.”

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Weekly Climate and Energy News Roundup #240

The Week That Was: September 10, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Treaty or No Treaty? According to reports, on September 3, U.S. President Obama and Chinese President Xi Jinping signed the Paris Climate Agreement (Treaty) prior to the G-20 economic meeting in Hangzhou, China. It is becoming clear that Mr. Obama has no intention of submitting the agreement for approval by two-thirds of the US Senate to become a Treaty, as required by the US Constitution — Article II, Section 2, Clause 2. As such, the agreement is not a treaty having the force of law in the United States, nor is it even a Congressional-Executive Agreement requiring a simple majority in both the Senate and the House of Representatives. The enforcement of the agreement under international law is a subject for legal scholars and; possibly extensive litigation. As the situation exists now, the future President can simply state that the United States changed its mind. Of course, the avid green groups would be outraged.

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Developing Countries Turn Citizens Into Debt Slaves

By John Rubino – Re-Blogged From Dollar Collapse

One of the big advantages of being a Latin American or Asian country used to be — somewhat counter-intuitively — the lack of credit available to most citizens. The banking system in, say Brazil or Thailand simply wasn’t “advanced” enough to offer credit card, auto, or mortgage loans on a scale sufficient to turn the locals into US-style debt slaves.

But that, alas, is changing as those countries adopt their rich cousins’ worst habits.

Brazil, for instance, was once seen as a Latin American success story and future world power. But then it ramped up government spending and started encouraging its people to become “consumers.” And the rest is familiar, if depressing, history.

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Can The “Rig” Survive An Economic War?

By Bill Holter – Re-Blogged From http://www.Silver-Phoenix500.com

I did not plan to write another public article so soon after the last one. However, today’s topic(s) are very important and very connected in my opinion.  I apologize for the length…but I can’t make this stuff up, I just try to tie it together.  First, we have been hearing the word “rigged” on a daily basis and pertaining to many facets of our life.  We hear the word regarding markets, politics (specifically elections), our rule of law and judicial system, and even when it comes to lawmakers and bribery.

Bill Gross formerly of PIMCO, at one point managed the largest pool of money on the planet. He is no fool.  I would also believe because of his fame, tenure and reputation, he would not lightly claim that markets are “rigged”.  Not only has he claimed this for several months, he now says THE FED “has mastered market manipulation”!  https://finance.yahoo.com/news/bill-gross-fed-mastered-market-115839451.html   Please understand this is a VERY BIG statement on his part as he is (was?) a member of a very exclusive club (and we ain’t in it).  Do you suppose he would risk his reputation and inclusion in “the club” lightly on just a suspicion?  Or do you believe he is a man who firmly believes what he says and does so out of a steadfast conscience?

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China Pulling The Strings

By Bill Holter – Re-Blogged From http://www.Silver-Phoenix500.com

China announced swap agreements with Argentina over this past week-end, they also said their mutual trade would be settled in Renminbi/yuan.  If you recall, Argentina just recently defaulted on debt.   A New York judge then ruled against Argentina’s plan to hopefully restructure.  This looks to me like China has ruled against the New York judge!

China has also in recent months been globetrotting while putting in place “swaps” and lines of credit with many potential trading partners.  Unlike the U.S., they have not ignored African nations either.  They have also set up “yuan trading” hubs in some very “Western” nations including Britain, Germany and France.  Very methodically, China has put in place trade and finance systems which have no need for dollars and/or clearing functions performed by the U.S.

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Fed’s Interest Rate Conundrum

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

Two weeks ago I pointed out that the Fed is seemingly unaware of early signs of price inflation (see On being an FOMC member). The Fed is clearly ignoring the coincidental rise in USD LIBOR and the growth in bank lending, and is still prevaricating over interest rates, despite its full employment and price inflation conditions more or less being met.

My earlier article was an economic analysis. The purpose of this article is to point out other factors that impede a return to interest rate and monetary normality, and it concludes that a rise in US interest rates would probably be accompanied by more quantitative easing, perhaps on a discretionary basis.

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Weekly Climate and Energy News Roundup #234

The Week That Was: July30, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Accusation Is Evidence? Senator Sheldon Whitehouse (D-RI) claims he is seeking evidence of wrongful influence by Exxon for raising doubt that carbon dioxide (CO2) is the primary cause of global warming, now called climate change. He claims he is not suppressing scientific inquiry, or freedom of speech, but merely seeking evidence. The question is what constitutes evidence to Senator Whitehouse and his group. Is it direct physical evidence, such as comprehensive temperature measurements by satellites showing atmospheric temperatures are rising in response to rising atmospheric carbon dioxide? Which is not occurring. Of course, with the latest El Niño there is little doubt that atmospheric temperatures also rise in response to El Niño weather events. Is it indirect evidence, such as surface temperatures, which are sparse (the globe is poorly covered) and measure many natural and human caused influences in addition to CO2. Or is it hearsay, rumor, such as 97% of scientists say… or scientific organizations (which have not rigorously polled) say…

Senator Whitehouse organized a teach-in given on the Senate floor on week of July 11 by Whitehouse and eighteen of his senate colleagues. A major claim is that “According to Climate Investigations Center research, your groups have received over $92 million from the Koch family, Donors Trust, Donors Capital, and ExxonMobil. And that’s just what investigators can figure out.”

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Destroying Crude Oil Price Rally – Something Dark Emerges from the Tar Pits and Oil Sands

By David Haggith – Re-Blogged From Great Recession Blog

The crude oil price rally has been completely destroyed, though I’ll admit I was wrong when I predicted crude oil prices would plummet in March or April as the perfect storm developed against oil prices. Instead, they rallied. In spite of that, I continued to believe my error was in timing and not in fact — not in the fact that another harsh fall in oil prices was beating a path to our doors.

Crude oil prices beaten down by a storm still building

So, I continued to write articles about the forces building against oil prices, even in the face of a strong rally, which many believed would set a new position for oil for the remainder of 2016. That storm has, as of today, completely clawed back the post-March rally by taking crude oil prices back to a three month low and to where they stood at the start of the year as well. West Texas Intermediate just struck $42/barrel today.

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The 3 Big Stories NOT Being Covered (Part 1)

By Andy Sutton & Graham Mehl – Re-Blogged From http://www.Silver-Phoenix500.com

Anyone who has read this publication for any length of time knows that topics range from mainstream to the totally uncovered stories. As we look out not just across the economic landscape, but across the world in general, we are seeing an alarming increase of serious situations that are receiving little or no coverage at all from the western media. Thankfully there are hundreds if not thousands of reliable people who chip in with analysis and stories of their own on some of these topics.

We’ll start out by saying there many, many more uncovered stories, but these are the three we feel could be game changers in the near to medium term. We picked these three themes because, in terms of magnitude, they will have the biggest impact on the world if they continue on their present trajectories. Given the length of each analysis, we are going to break this into a three-part series.

PART 1 – Russia: Tensions, Turmoil and Western Hubris

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Helping China put American Farmers Out of Work

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

The World Bank, to which the USA is by far the largest contributor, has launched a climate program in rural China, to help Chinese farmers improve infrastructure and productivity. This will in turn help the Chinese drive down the profits and job opportunities in rural America.

Project Helps Farmers Adapt to Climate Change in China

About 380,000 rural households in six Chinese provinces are benefiting from a project that helps build sustainable and climate-smart agriculture. The project is funded by the World Bank and the Government of China, with additional technical expertise from the Investment Centre of the Food and Agriculture Organization (FAO) of the United Nations.

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62% Of Americans Don’t Have Even $1,000 In Savings

By Sol Palha – Re-Blogged From http://www.Silver-Phoenix500.com

A key sign of financial health is savings; if one does not have a decent amount of money tucked away for a rainy day, it is a sign that all is not well. Americans have a very hard time sticking to a budget and saving, compared to their Asian counterparts. This is reflected in the startling revelation that over 62% of Americans do not even have $1,000 in their savings account.  Foreigners are shocked when they find out that Americans have so little money saved for a rainy day.

“It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” said Cameron Huddleston, a personal finance expert and columnist for GOBankingRates. “It suggests that they likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends, and family, or even their retirement accounts to cover unexpected expenses.”

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USexit Bill Introduced in Congress

By Onan Coca – Re-Blogged From Freedom Outpost

In the wake of the wonderful decision by the people of the United Kingdom to #Brexit, some conservatives in Congress have decided to seize the moment and push for an #Amexit (American Exit) from the United Nations! It’s an idea that conservatives have long supported and may now grab the national imagination, as Americans seek new ways to disconnect themselves from the corrupt establishment that runs our political world.

Bill sponsors Thomas Massie (R-KY), Mike Rogers (R-MI), Tim Huelskamp (R-KS), Jeff Duncan (R-SC), Lynn Westmoreland (R-GA), and Ted Yoho (R-FL) recently released the text of their bill hoping to convince Americans to embrace Independence and leave the U.N.

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