If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.
Cutting off trade with Russia, the world’s second largest oil exporter, would create a shortage in global energy supplies, which would have spillover effects into [...]
The 2008 Wall Street meltdown is long forgotten, having been washed away by a tsunami of central bank liquidity. Indeed, the S&P closed yesterday at 1,983—or up by nearly 200% from its March 2009 low. Yet four cardinal measures of Main Street economic health convey nothing like a 2X pick-up from the post-crisis bottom.
To wit, in June the count of breadwinner jobs [...]
The junk-bond market had been on a relentless tear since late summer last year, driving values to insane heights, with yields so low that they were reminiscent of Treasuries before the financial crisis.
But much of this junk debt is near the bottom of the corporate capital structure, and there often aren’t any asset left to back them. When the company buckles under the load of its [...]
Today’s AM fix was USD 1,307.50, EUR 971.04 and GBP 767.54 per ounce.
Gold fell $6.40 or 0.49% on yesterday to $1,306.50/oz and silver remained unchanged at $20.94/oz.
Gold in U.S. Dollars – 50, 100, 200 SMAs (Thomson Reuters)
Gold remains in a very tight range in London this morning as did gold bullion in Singapore overnight. Futures trading volumes were low [...]
http://usawatchdog.com/germany-secret… The so-called “recovery” the mainstream media has been harping on for years is a lie, according to the Editor of The Hat Trick Letter, Jim Willie. He proclaims, “I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right [...]
By Paul B. Farrell, MarketWatch
Sometime after the Great Crash of 2016, Fed Chairwoman Janet Yellen will be testifying before Congress, just like Alan Greenspan was forced to do in 2008. She will be explaining why America has already had three megacrashes in the 21st Century, each draining roughly $10 trillion, each a direct result of Federal Reserve policy failures. She will be forced to explain why the Great Crash of 2016 [...]
IMF Trying To Start WW3
Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity
PUTIN: RESPONSIBILITY FOR PLANE CRASH IS UKRAINE’S
Captain Sullenberger ‘Big Question’ Is Why Plane Was Flying Over War Zone
Reports that Putin flew similar route as MH17, presidential airport says ‘hasn’t overflown Ukraine for long time’
Euro zone’s debt is rising. Companies reporting in that sales and revenue are dropping. China has made a deal with Venezuela for oil and agricultural production. Portugal president says the bank is the tip of the iceberg, collapse is coming. Obamacare loses subsidies in 36 states. BRICS pumping in billions of non US dollars into Africa to build infrastructure. Central banker/US government false flag story collapsing, no proof, just believe [...]
New York City Mayor Bill de Blasio signed into law a measure that creates a municipal identification card that can now be used by illegal immigrants to access government services, rent an apartment and open a bank account.
ran Air Flight 655 was an Iran Air civilian passenger flight from Tehran to Dubai that was shot down by the United States Navy guided missile cruiserUSS Vincennes on 3 July 1988. The incident took place in Iranian airspace, over Iran’s territorial waters in the Persian Gulf, and on the flight’s usual flight path. The aircraft, an Airbus A300 B2-203, was destroyed by SM-2MR surface-to-air missiles fired from the Vincennes.
All 290 on board, including 66 children and 16 crew, died. This event ranks seventh [...]
By Michael Snyder
Why are so many plagues hitting the United States all of a sudden? Yes, one can always point out bad stuff that is happening somewhere in the country, but right now we are facing a nightmarish combination of crippling drought, devastating wildfires, disastrous viruses, dying crops and superbugs that scientists don’t know how to kill. And as you will see, we even have a plague of [...]
By Michael Snyder
Did you know that the number of illegal immigrants that enter Texas each week is greater than the number of babies being born to citizens of that state? The mainstream media is shining the spotlight very brightly on all of the children that are coming over, and there is a reason for that. They are trying to tug on our heartstrings. But there is another part of the [...]
Swiss, Chinese Central Banks Enter Currency Swap Agreement
(Video) The Mystery of Flight #MH17 – Critical Questions
Sen. Feinstein: The U.S. Is Now at Cold War Levels With Russia
Joe Biden Once Looked Into Putin’s Eyes And Said, ‘I Don’t Think You Have A Soul’
Read more: http://www.businessinsider.com/joe-bi…
World Bank watch out, the BRICS Bank is a game-changer
The latest summit of the world’s leading emerging markets took more steps toward replacing the U.S.-led global financial system. But change will come very, very slowly
China’s economic miracle is addicted to credit, no matter what the source, that was plowed into the ground to build no matter what, houses, high-speed rail lines, forests of skyscrapers, massive industrial overcapacity, entire ghost cities….
These activities created millions of jobs and propelled GDP forward at a phenomenal pace, even if it turned out that no one would ever need that plant, live [...]
Institutional investors have pumped billions into the housing market, but their pace has slowed
By Michael Snyder
Buried in a Wall Street Journal article from about a week ago was a startling piece of information. According to a Wal-Mart executive, Wal-Mart “participated in an exercise to prepare for an earthquake on the New Madrid fault line” earlier this summer. And officials at the U.S. Geological Survey have just released a report which indicates that they believe that the New Madrid fault zone has the “potential [...]
Joe Arpaio says something fishy is going on.