Japanese Coast Guard Releases Video Showing Hundreds Of Chinese Ships Near Disputed Islands

Hundreds of Chinese vessels sailing close to the disputed Senkaku Islands in the East China Sea have reportedly been captured on camera by Japan’s Coast Guard. The aerial footage indicates the high level of tension in the area. The video, apparently shot from inside a low-flying patrol aircraft, has been released online by the Japanese Coast Guard, the Japan Times reported on Tuesday.

Deutsche Bank Exec Suggests Scrapping Top Bonuses; Vows Bank Is "Better Than It Seems"

Overnight Deutsche Bank's consumer banking chief and member of its 10-member management board, Christian Sewing, told Bild that the German bank's board should discuss scrapping bonuses for top executives for a second year after Germany’s largest bank put dividend payments on hold. And since slashing bonuses tends to leave a bitter taste in the mouths of shareholders, Sewing tried to spin the recent speculation about the bank, telling Bild its "condition is significantly better than it seems."

Frontrunning: August 17

  • Futures flat ahead of Fed minutes (Reuters)
  • Trump shakes up campaign staff (Reuters)
  • Univision Wins Bankruptcy Auction for Gawker Media for $135 Million (WSJ)
  • Congress receives FBI material on Hillary Clinton emails (CBS)
  • Traders Brace for More Turmoil in World’s Worst Stock Market (BBG)

European Stocks Drop, Futures Flat As Rising Dollar Pressures Oil, EMs: All Eyes On The Fed Minutes

European stocks are down led by tech, chemicals, alongside EM stocks which retreated from near a one-year high and oil fell for the first time in a week after hawkish comments from Federal Reserve officials revived bets on U.S. interest rate rises this year, and pushed the dollar higher from 7 week lows ahead of today's Fed Minutes. S&P 500 futures were little changed following yesterday's drop from record highs

Europe Has Two Options: Revolution Or Elections

European leaders have responded to new challenges in this post-war era with old solutions. Chief among them is the forced integration of Europe into a single political and economic construct. There are two options when an “unelected mafia” has seized control: elections and revolution. The Brits opted for an election. What if Italy, Portugal, and/or the Netherlands do the same, with the same outcome?

Austria's "Anti-Immigration" Presidential Candidate Resurgent After 9 Refugees Accused Of Gang-Rape

Nine Iraqi refugees have been arrested in Austria on charges of gang-raping a 28-year-old German woman in a case that could ignite debate of immigration and crime ahead of this Autumn’s presidential election re-run. As a result, Austria's "anti-immigration" presidential candidate, Norbert Hofer, suddenly finds himself enjoying a substantial boost to his popularity ahead of country's presidential elections on October 2.

Turkish Turmoil: Let The Politics Begin

A month on from Turkey’s failed coup attempt, and you’ll find endless op-eds opining the supposed strategic implications of Erdogan’s rear-guard offensives. In a nutshell, it breaks down into four key arguments...

Obama Wants A Third Term And This Is How He Could Make It Happen

Yes, we are all well aware the Constitution limits the Presidency to two consecutive four-year terms of office.  Then again, if you weigh the track record of the Obama administration, the Constitution is nothing more than a challenge that he bypasses and circumvents with every given opportunity.  Small wonder that he may very well do the same thing with the upcoming presidential elections.  Already a sham, the presidential elections are actually a vehicle he can use to grab that “Third Term” for himself.

Global Economic Bellwether Cisco Reportedly Fires 20% Of Workforce

It's easy to shrug off the sharpest productivity decline in 40 years and the worst non-recessionary industrial production contraction in US history because... well it's the new economy, stupid and you just don't get it. But when 'new economy' networking giant Cisco is reportedly set to announce it is laying off a record number of employees - 14,000 representing 20% of its global workforce - surely it is time to question the "everything is awesome" narrative.

This Week In 1971: President Nixon Closes the Gold Window

The removal of the restraint of gold redemption freed the Federal Reserve to engage in more inflationary monetary policy than ever. The effects of that on money supply and official price inflation figures are readily apparent.

Is Trump's "Extreme Vetting" That Far Off Existing US Policies

Trump proposed an ideological test of “Islamic sympathizers” to be admitted, focusing on issues including religious freedom, gender equality and gay rights. And while some have questioned the validity of a test, and whether a presumed terrorist would even be honest in said test, the experts and political pundits should take a look at what the US currently asks individuals.

A Clinton Presidency Will Be A Disaster For The Caribbean

In 1985, the CIA recognized that progressive parties and leaders had opted for the ballot box to achieve political power. Since 1985 and encouraged by the Clintons, the power of the ballot box has been overturned by the CIA and its ciphers USAID and George Soros’s Open Society Institute, using undemocratic election  tactics in Haiti, Honduras, Venezuela, Panama, Guatemala, and Guyana. The Clintons can surround themselves with all the black and brown supporters they can muster up in the United States, but for the black and brown people of the Caribbean, the Clintons represent pure corruption, coercion, and neglect.

Looking Forward

The world’s leading governments have become decidedly fascist and are rapidly heading in a totalitarian direction. There are a number of facets to this development, all of them disturbing: The elimination of personal privacy, the creation of capital controls, confiscation of wealth, the conversion to electronic banking as the sole form of currency, international taxation standards and the creation of a police state.