18-Year-Old German-Iranian Is Behind Munich "Shooting Rampage" Which Killed 10 Including Gunman

After another day of tragedy and drama, where the police had earlier suggested that as many as three gunmen were behind a deadly shooting in a shopping center in Munich, Germany moments ago the local police reported that the gunman was in fact a lone 18-year-old of German and Iranian origin who is believed to have carried out the "shooting rampage" on his own, killing at least nine people before later apparently killing himself.

America Needs A Good, Old-Fashioned Economic Depression

A good, old-fashioned, pre-1929 depression (like the short-lived, eleven-month depression in 1920-1921, before the days of “modern” central banking and “enlightened” Keynesian intervention “cures”) is the only tonic that can clear out the malinvestment built up since the beginning of the fiat money era.

Hillary Clinton Picks Tim Kaine For Vice President

Moments ago the worst kept secret in Washington was confirmed when Hillary Clinton announced on Twitter she has picked Virginia senator Tim Kaine as her running mate in an attempt to bolster her support among blue-collar workers and maximize votes from US Latinos dismayed by Donald Trump.

Awkward?

"Peddling fiction" versus "inconvenient truths"...

Hillary Says Trump Is Most Dangerous Presidential Candidate Ever – But Is She?

Clinton, in an interview with CBS News’ Charlie Rose, believes Donald Trump has “no self-discipline, no self-control, no sense of history, no understanding of the limits of the kind of power that any president should impose upon himself.” All of this could be applied to Clinton. She is by far the more dangerous of the two candidates.

The 9-Point Guide To Deciphering Political Propaganda

Given we are eyeballs-deep in the US presidential election cycle, now seems a particularly appropriate time to share some observations on the topic of political propaganda. Since it will be impossible to escape the rhetorical onslaught for the next few months, we thought we might be able to shed some light on what goes on in the battle for your subconscious...

Beyond 28 Pages: The US - Saudi Relationship Starts To Fray

Answers about Saudi Arabia’s involvement in 9/11 may prove elusive and forever unknown. But more than ever, questions are being raised and subsequent actions are being taken in relation to Saudi Arabia, extending far beyond what’s contained in the 28 pages of fourteen years ago and portending a new realignment of the US and other western countries’ long-standing relationship with this Middle East power.

End Of An Era: The Rise And Fall Of The Petrodollar System

"The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better."

Baton Rouge Rapper Slams Hypocrisy Of 'Black Lives Matter', Don't Care When "We Kill Each Other!"

Just days after Milwaukee Sheriff David Clarke denounced their "hatfeul ideology," and following Brooklyn cop Jay Stalien exposing their "false narrative," the 'Black Lives Matter' group faces more abuse from African-Americans in the nation's communities. Calling out "the bullshit" of the 'Black Lives Matter' movement Baton Rouge-based rapper Kevin Gates has posted a video raging "we kill each other, but as soon as a white boy kills one of us, everybody go to hoopin’ and hollerin’."

Former Fed Governor Admits "Fed Is Not Data Dependent; It Is Propping Up Asset Markets"

"They look to me asset price dependent more than they look data dependent. When the stock market falls like it did in the beginning of this year, they say, ‘Oh, we better not do anything.’ Stock markets are now at career highs. I suspect when they meet next week they will suggest, ‘Oh, now they look like they can be somewhat more responsible.’"

'Brutus' Cruz & The Trump Takeover

About Cruz, a prediction: He will not be the nominee in 2020. He will never be the nominee. If Trump wins, Cruz is cooked. If Trump loses, his people will not forget the Brutus who stuck the knife in his back. Yet, beyond the denunciations of Trump and disavowals of his candidacy, something larger is going on here.

World's Airlines Crashing At Worst Rate Since 2008

With 'terrorist' incidents breaking out everywhere from San Bernardino to the south of France, it is perhaps no surprise that the world's airlines are struggling. But, as Bloomberg notes, over-capacity, rising fuel costs (so far this year), and weaker demand have hurt profits and crushed airline stocks to their worst year since 2008...