Archive

July 30th, 2016

DoD Admits US Global Hegemony Threatened By China, Russia In "Persistently Disordered World"

"Rising powers including for example, China, Russia, India, Iran, or Brazil have increasingly expressed dissatisfaction with their roles, access, and authorities within the current international system... The future world order will see a number of states with the political will, economic capacity, and military capabilities to compel change at the expense of others..."

Turkey Surrounds, Blocks Access To NATO's Incirlik Airbase Amid Speculation Of Second Coup

All roads in and out of NATO's critical Incirlik Air Base located in Adana have been closed as Turkish Minister of European Affairs cautions that it is just a "safety inspection" while local newspapers speculate that a second coup attempt may be underway. According to Hurriyet, 7000 armed forces with heavy vehicles have surrounded and blocked off the airbase.

Whose Lives Matter?

While overall police deaths have gone down (but through all means, including common causes such as simple working accidents or vehicle crashes), we see that for the specific case of cold-blooded shooting of police to death, so far in 2016 this has gone up by about 60%, versus the YTD levels in previous yearsAnd while in recent years about 55% of these murders were done by Blacks (who represent 13% of the U.S. population), in 2016 this surged to a goliath three-quarters of police murdered by Blacks throughout 2016

One Month Later - Brexit Post-Mortem

One month on from the referendum, there is no sign of the Treasury’s $4300-loss VAR model predictions coming to fruition. London is teeming with people, many of them foreign visitors, spending money in cafes, restaurants, theatres and other visitor attractions. The country roads are still jammed with caravans, tractors, tourists and white vans trying in all their productive mayhem to go about their business. Wimpish businessmen dithering over trade and investment plans are being forced to get on with life... and our long-abandoned trade friends in the Commonwealth are keen to talk to us, as is China. And who can forget President Obama’s threat when it came to negotiating T-TIP with the EU? Well, we are no longer at the back of the queue, but at the front of the line.

This Canadian Oil 'Ghost Town' Is For Sale

In a shocking example of the fallout from low oil prices coupled with years of easy-money-enabled malinvestment, the collapse of Canada's non-conventional oil production has forced a northern Alberta oil-boom-town to be put up for auction, including 1200 person accomodation work-camp, hospital, gym, running track, and waste-water treatment plant.

The Olympics As A Tool Of The New Cold War

The 6th Fundamental Principle of Olympism (non-discrimination of any kind, including nationality and political opinion) seems to be forgotten long ago. In ancient Greece the competition of best athletes was able to halt a war and serve as a bridge of understanding between two recent foes. But in the twentieth century the Olympics have become a political weapon.

UBS Debunks "Strong Consumer" Farce Saying Consumer Credit Cycle Is In "Later Innings"

"Our analysis...seems to support the thesis that while lending is extending to riskier consumers, the finances of those consumers are not materially improving. The recipe is likely to result in consumer delinquencies that will not fall in coming quarters, consistent with our broader thesis that the credit cycle is in the later innings."

US Government Entitlements - The Sixth Biggest Economy On Earth

Because the main street economy is failing, the nation’s entitlement rolls have exploded. About 110 million citizens now receive some form of means tested benefits. When social security is included, more than 160 million citizens get checks from Washington. The total cost is now $3 trillion per year and rising rapidly. America’s entitlements sector, in fact, is the sixth biggest economy in the world.

Gold Passes A Major Milestone

As of month-end today, gold is up over 27% from its Dec-15 lows. This a major milestone – any time gold has managed a move of at least 25% off a major low, it has continued higher every single time with incremental gains ranging from 21%-412%, with the average totaling 175%.