It is official: Trump or no Trump, foreign central banks, wealth funds, and virtually every other official institution in possession of US paper is liquidating their Treasury holdings at a record pace, amounting to an unprecedented $400 billion in the past 12 months.
NATO is on a war footing, and has made it clear that «nuclear weapons are a core component of the Alliance’s overall capabilities». The Belgian F-16 deployments, deliberately and provocatively in a most sensitive area on Russia’s borders, have been authorised and greeted with approval by western governments whose citizens have little understanding that the west’s policy of confrontation is increasing tension day by day.
Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies.
Barely having confirmed he will be Donald Trump's nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory.
Fifteen European states have supported Germany’s initiative to launch discussions with Russia on a new arms control agreement. Europe is facing a host of security challenges. Launching a meaningful discussion with Russia is logical step to take.
Coming on the sixth year anniversary of the infamous "Cablegate", when on this day in 2010 Wikileaks made global headlines when it unveiled classified cables sent to the US State Department, revealing assessments of countries and details of eavesdropping, this morning WikiLeaks released more than half a million US diplomatic cables from 1979, the year Assange dubbed "year zero" of our modern era.
Debt reduction and the visible reduction of what is seen internationally as overbearing statism in the U.S. economy will be critical to building back long-term U.S. global capabilities. The U.S. has not seen such an opportunity for strategic reversal since the Reagan Administration. But only if the incoming Administration adheres to the principles which won it the election, and avoids the compromises which the bureaucratic base of government will attempt to force on it to avoid disruption of the status quo.
The State Department issued an alert on Monday to US citizens traveling to Europe about a "heightened risk of terrorist attacks," particularly over the holiday season. "Credible information indicates ISIS, al-Qaeda, and their affiliates continue to plan terrorist attacks in Europe, with a focus on the upcoming holiday season and associated events."
Regardless who was chosen as president for the next two terms, 80% of the population growth in the US will come from 65+yr/olds. This is the inverse from Bill Clinton's presidency which was the benefactor of the strongest demographic and population changes. The Fed has been dropping rates ever since to incentivize the decelerating growth among the young to spend more... but the population growth to consume(r) our way out of this debt bubble is never coming.
"America has just liberated itself from political correctness. The American people expressed their desire to remain a free and democratic people. Now it is time for Europe. We can and will do the same!"