Brazil

BIS Finds Global Debt May Be Underreported By $14 Trillion

"Contracts worth tens of trillions of dollars stand open and trillions change hands daily. And yet one cannot find these amounts on balance sheets. This debt is, in effect, missing" the BIS finds in its latest quarterly assessment, which is a concerning as "the missing debt amounts to some $13-14 trillion."

Suddenly, "De-Dollarization" Is A Thing

"For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. These were challenges to the dollar’s dominance, but they weren’t mortal threats. What’s happening lately, however, is a lot more serious. "

Frontrunning: September 11

  • U.S. Index Futures Rise as Irma Weakens, Korea Tensions Ease (BBG)
  • Irma Weakens as It Heads Past Tampa, Cutting Damage Forecast (BBG)
  • As Hurricane Irma heads toward Florida, U.S. military launches amphibious relief efforts in the Caribbean (WaPo)
  • Oil weakens on fears Irma could dent U.S. demand (Reuters)
  • ‘People are roaming like zombies.’ Virgin Islands stagger after storm passes (WaPo)

The Dangerous Decline Of U.S. Hegemony

"The bigger picture behind Official Washington’s hysteria over Russia, Syria and North Korea is the image of a decaying but dangerous American hegemon resisting the start of a new multipolar order..."

40 Percent Of Americans Now "Prefer Socialism To Capitalism"

"That is a large minority... and it includes a majority of the liberals - who will be pushing for a completely different economic model to dominate our nation... That is the stuff of civil wars. It ought to set off alarm bells among more traditionally-oriented leaders across the nation..."