EU foreign ministers are meeting in Brussels today to discuss imposing further sanctions on Russia following an upsurge in fighting in east Ukraine.
A woman pushes a cart as she visits a hypermarket of French grocery retailer Auchan in Moscow, Jan. 15, 2015. A new poll shows 80 percent of Russians would give up Western food for a stronger economy. Reuters
The EU and the US have […]
Financial Crisis Six Times Worse Than The 2008 Crash Heading Our Way.Civil unrest in the United States
RUSSIA pushes for DOLLAR COLLAPSE – PENTAGON prepares MASS CIVIL BREAKDOWN
The struggle is big. Western Media playing it down. But, the U S Pentagon now preparing for MASS Civil breakdown. U S, Europe and Saudi Arabia in an all out war with Russia China and Brazil for the dominant role […]
By Michael Snyder
Israel and Hezbollah are at war. On top of everything else that is going on in the world, now we have a new war in the Middle East, and nobody is quite certain what is going to happen next. Israel has been preparing for this moment for more than 8 years. So has Hezbollah. According to some reports, Hezbollah has amassed an arsenal of 50,000 rockets […]
Mac Slavo January 28th, 2015 SHTFplan.com
With the price of oil hovering around $44 and U.S. oil inventories at record highs the general consensus is that the economy will soon see a boost in consumer spending as Americans will take their gas savings and spend it at retail stores.
But there’s a lot more going on with oil on a geo-political scale than can be pumped into a 30-second propaganda […]
Global PUBLIC debt ~$58 TRILLION. Not included: unfunded liabilities. Anyone Qs how this ends? http://t.co/KMWvO8nVVx pic.twitter.com/7XQBYXfI2d
— Peter Spina (@goldseek) January 29, 2015
The Global Slowdown Is Making Asia’s Debt Mountain Even Worse – slides from Morgan Stanley http://t.co/U5LNGZcjcX pic.twitter.com/5OBLMb7XnD
— Mike Bird (@Birdyword) January 27, 2015
The Global Slowdown Is Making Asia’s Debt Mountain Even Worse
Morgan Stanley just came out with a fresh […]
When inflation alarmists want to convince everyone the dollar is about to become worthless, they post this chart of the CPI.
CPI – Urban Consumers – All Items – Index
Inflationists claim that is a trend to oblivion. And actually it is. But it’s a slow trend towards oblivion with intermittent disruptions as the following chart shows.
CPI – Urban Consumers – All Items – Percent Change […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Oil, pensions, and a new jail do in Kern County.
Crude oil plunged 4% on Wednesday, with West Texas Intermediate now at a new multiyear low of $44.36 per barrel. Consumers love the cheaper gasoline, and they’re saving their money, and some of them are shifting it to iPhones, food, and whatnot. But the economic consequences of the collapse in oil and natural gas prices are […]
by Charles Hugh-Smith
That Grand Narratives based on short-term trends are often wrong should not surprise us.
Two of the most durable and least-questioned narratives of the past 15 years are:
1. The world is becoming multipolar, meaning that rising power centers such as the BRIC nations (Brazil, Russia, India and China) are expanding their share of the global economy, at the expense of the U.S. and to a lesser […]
WUHAN, China—A little over a year ago, a Chinese credit agency downgraded a government-owned financing company in this dusty industrial city. Default—nearly unheard-of in China on government bonds—was a possibility, it said.
But during discussions with lenders, city officials made sure Wuhan Urban Construction Investment & Development Corp. could keep borrowing, officials with knowledge of the matter say. The city during those discussions said it backed the finance firm, essentially […]
Syriza Government is already rolling back austerity. Greece is pivoting towards Russia. Russian banks are dropping US customers because of FATCA. Europe is putting together a plan to track travelers and gather personal information which violates personal privacy. The FBI is planning a super DNA database to keep information on everyone. DHS launching Iris and facial recognition at the borders. Ukraine label Russia as an aggressor and the south […]
The outstanding balance of margin debt on the Shanghai Stock Exchange climbed to a record $124 billion on Monday. This happened only one week after Chinese authorities cracked down on the risky practice of margin-lending, which is used by many of China’s biggest securities brokerages. Chinese regulators banned loans to traders with less than 500,000 yuan and suspended new margin accounts at three of the nation’s biggest brokerage firms. […]
6/10 In the #RaceToDebase all out currency war, perhaps best place to be is in asset they can’t print more of at will pic.twitter.com/M3IBJcJcU7
— Mark Yusko (@MarkYusko) January 29, 2015
— Another Ex-Central Planner Speaks Up: Currency War Policy “Risks Major Downward Shock To Asset Prices”
Merv “The Swerv” King – former governor of The Bank of England – has joined the ranks of those ex-central-planners-who-feel-the-need-to-protect-their-legacy-by-rewriting-history-and-admitting-the-entire-thing-is-crazy. Speaking in […]
US oil prices plummeted 4% Wednesday. That means they’re down 59% since June: http://t.co/jJUPqPDy5kpic.twitter.com/RR6O49fU1W
— WSJ Markets (@WSJmarkets) January 29, 2015
Shell to cut investment by $15bn over next 3 years because of falling oil prices – company http://t.co/UHZDy6ic2P pic.twitter.com/FYJNy8fBDY
— BBC News (World) (@BBCWorld) January 29, 2015
Shell to cut investment by $15bn over next 3 years because of falling oil prices – […]
Why negative bond yields are good news for gold: http://t.co/KVtqYrO82y pic.twitter.com/gdvN25Z6RF
— MarketWatch (@MarketWatch) January 29, 2015
The metal is often expected to suffer in an environment of rising interest rates as the commodity’s lack of yield makes it less attractive. But a deflationary global environment has served to keep European yields under pressure, and even push them into negative territory, while also raising doubts about the likelihood the […]