"Big Oil" - The Crude Market Is Larger Than All Metals Markets Combined

The energy industry continues to have huge amounts of influence on our lives. Special interest groups with a focus on energy have influence on a domestic level. Meanwhile, from a foreign policy angle, countries like Saudi Arabia and Russia wield additional geopolitical and economic power because of their natural resources. It's even arguable that everything from the Gulf War to the more recent Middle East interventions in Libya, Syria, and Iraq have been at least partially to do with oil.

Tinfoil: It's Getting Harder To Leave Home Without It

It’s getting harder to be out amongst the public as an informed person and not feel as if there isn’t something to all the “lunacy.” For if you speak to nearly anyone these days be it family, friends, coworkers, or the occasional overheard conversations of strangers. You can’t help wondering: how can so many be so clueless?

Western Hypocrisy, And Why It Makes The World A Dangerous Place

The West has always been a great trembling hive of hypocrisy, portraying itself as liberal, progressive, civilised and democratic... as the "shining house upon the hill": just, altruistic, democratic, with a "mission to extend individual liberties throughout the world." These western and especially US virtues are mobilised to justify policies, wars, covert activities which are not virtuous at all.

Learning From The British Election Of 1722

It has become commonplace to note that the 2016 election campaign is unlike any America has seen before. Whether it is the issues brought to the fore, the number of scandals, or the intensity of the personal invective, it is hard to believe we are now within the bounds of what our founders had in mind.

Iraq Launches Military Offensive To Retake Mosul From ISIS; Up To 1 Million Refugees Expected

Moments ago, Iraq's Prime Minister Haider al-Abadi publicly announced the start of an offensive to retake Mosul, the capital of Islamic State's caliphate in Iraq. "The hour has come and the moment of great victory is near," he said in a speech on state TV, "I announce today the start of the operation to liberate the province of Nineveh."  US troops are said to be playing a "supporting role" in the offensive.

The Floodgates Begin To Open

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal.

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Inflation Is About To Spike Due To The "Base Effect"

In June, oil was still down 20% relative to a year prior. Last month, that year-over-year change had already risen to 0%. And if prices hold at current levels, oil will be up 45% at year-end. To repeat for emphasis, that’s -20% YoY to +45% YoY in the space of six months."

Is Obama Juicing Government Spending To Get Hillary Elected?

"They know the economy is in the shitter and the average American is not better off than they were four or eight years ago. As a last ditch effort to keep this tsunami of history from rolling over them and sweeping away the last vestiges of their corrupt rule, they have ramped up the printing presses and government spending to try and make the masses believe the economy is hitting on all cylinders. It will fail, and the peasants will be coming for them."

GOP Headquarters In North Carolina Firebombed In Act Of "Political Terrorism"

Hillsborough police are investigating an apparent firebombing of the Orange County Republican headquarters, an incident that one state GOP official called an act of “political terrorism." Police said the words, “Nazi Republicans get out of town or else” were spray painted on the side of an adjacent building.

"The System Simply Isn't Working" - Hugh Hendry Warns Of 1930s-Style "Dramatic Fulcrum Point" In Europe

"...we have the precedent from a much earlier time (the 1930s) when the defection of just one member from a currency union caused the system to unwind rapidly. And we can clearly sense the seeds of another popular political revolt in other member countries; a flurry of upcoming elections and referendums provides an immediate catalyst...We believe we are approaching a dramatic fulcrum point in public opinion in Europe."